Zip Code: 38965 (Water Valley, Mississippi) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in the 38965 Zip Code (Water Valley, Mississippi) in February 2026 was $181,877.4. The month over month percentage change (MoM) was 1.25%, and the year over year percentage change (YoY) was -3.06%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 38965 zip code (Water Valley, Mississippi). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 38965 zip code (Water Valley, Mississippi).

You can see similar information for other Mississippi zip codes, and for Mississippi.

Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Data Source: Zillow.
Zip Code: 38965 (Water Valley, Mississippi) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 38965 (Water Valley, Mississippi) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 119158.28171769553 0.53 12.73
Feb 2015 119567.29830214397 0.34 12.10
Mar 2015 120544.62431492707 0.82 11.54
Apr 2015 122408.77020264712 1.55 11.76
May 2015 124958.21426752191 2.08 11.88
Jun 2015 126746.55076629749 1.43 11.23
Jul 2015 128183.40324101917 1.13 10.31
Aug 2015 129521.99869301547 1.04 9.90
Sep 2015 131090.7160562138 1.21 10.47
Oct 2015 131806.4585744564 0.55 11.07
Nov 2015 132103.71928718968 0.23 11.65
Dec 2015 132421.2766891872 0.24 11.72
Jan 2016 133185.17559817794 0.58 11.77
Feb 2016 133995.73520306224 0.61 12.07
Mar 2016 134058.8828465947 0.05 11.21
Apr 2016 134510.7741017062 0.34 9.89
May 2016 136075.99694463573 1.16 8.90
Jun 2016 139075.93324520087 2.21 9.73
Jul 2016 141661.7893383372 1.86 10.52
Aug 2016 143523.85113019007 1.31 10.81
Sep 2016 145580.21318081307 1.43 11.05
Oct 2016 148033.26076827626 1.69 12.31
Nov 2016 150049.3774797562 1.36 13.59
Dec 2016 150616.98754682404 0.38 13.74
Jan 2017 150653.62606069693 0.02 13.12
Feb 2017 151221.65071843925 0.38 12.86
Mar 2017 151652.48009375785 0.28 13.12
Apr 2017 151752.21628367322 0.07 12.82
May 2017 150949.18096123516 -0.53 10.93
Jun 2017 149893.23640482457 -0.70 7.78
Jul 2017 149141.98004238482 -0.50 5.28
Aug 2017 148540.43815978753 -0.40 3.50
Sep 2017 148613.11930512343 0.05 2.08
Oct 2017 148721.724177224 0.07 0.47
Nov 2017 148863.5258115412 0.10 -0.79
Dec 2017 148876.941212919 0.01 -1.15
Jan 2018 148737.2917781498 -0.09 -1.27
Feb 2018 149092.55127474802 0.24 -1.41
Mar 2018 150500.34468456707 0.94 -0.76
Apr 2018 152272.92886756686 1.18 0.34
May 2018 153296.31256634646 0.67 1.56
Jun 2018 152759.46371261976 -0.35 1.91
Jul 2018 151430.00597026793 -0.87 1.53
Aug 2018 149952.48926922504 -0.98 0.95
Sep 2018 148968.64392046785 -0.66 0.24
Oct 2018 148289.6147569093 -0.46 -0.29
Nov 2018 148624.76762281457 0.23 -0.16
Dec 2018 148963.78833534502 0.23 0.06
Jan 2019 149397.68567992453 0.29 0.44
Feb 2019 149475.38289525686 0.05 0.26
Mar 2019 149949.767367428 0.32 -0.37
Apr 2019 150578.88631388723 0.42 -1.11
May 2019 151495.2765527641 0.61 -1.17
Jun 2019 152515.24626933565 0.67 -0.16
Jul 2019 153432.6188343006 0.60 1.32
Aug 2019 153772.98597547144 0.22 2.55
Sep 2019 153598.5832175682 -0.11 3.11
Oct 2019 154031.25037955344 0.28 3.87
Nov 2019 154607.04973068295 0.37 4.03
Dec 2019 155310.22434498908 0.46 4.26
Jan 2020 155442.26208791553 0.09 4.05
Feb 2020 155931.31695255756 0.32 4.32
Mar 2020 157180.6853056566 0.80 4.82
Apr 2020 158293.79265635225 0.71 5.12
May 2020 159127.61778986102 0.53 5.04
Jun 2020 159191.673913291 0.04 4.38
Jul 2020 160038.6856164177 0.53 4.31
Aug 2020 161446.43975812974 0.88 4.99
Sep 2020 163611.4738688518 1.34 6.52
Oct 2020 165374.95027465804 1.08 7.37
Nov 2020 166887.98751134775 0.92 7.94
Dec 2020 167646.7342325695 0.46 7.94
Jan 2021 169036.67185174813 0.83 8.75
Feb 2021 170655.72140315027 0.96 9.44
Mar 2021 172766.91686567912 1.24 9.92
Apr 2021 174873.6165095739 1.22 10.47
May 2021 177026.26389677834 1.23 11.25
Jun 2021 179655.8812536548 1.49 12.86
Jul 2021 182711.74883791586 1.70 14.17
Aug 2021 185932.11191467228 1.76 15.17
Sep 2021 188727.00453439626 1.50 15.35
Oct 2021 191116.86539216564 1.27 15.57
Nov 2021 194108.61015439243 1.57 16.31
Dec 2021 196025.47737520366 0.99 16.93
Jan 2022 196679.20309566244 0.33 16.35
Feb 2022 195000.8749928757 -0.85 14.27
Mar 2022 193740.06178352507 -0.65 12.14
Apr 2022 193405.19784470086 -0.17 10.60
May 2022 194121.6705769105 0.37 9.66
Jun 2022 195388.77120028783 0.65 8.76
Jul 2022 195775.19983103187 0.20 7.15
Aug 2022 195437.2240292609 -0.17 5.11
Sep 2022 194437.69898118792 -0.51 3.03
Oct 2022 193436.8846474664 -0.51 1.21
Nov 2022 192399.62650732463 -0.54 -0.88
Dec 2022 190928.58865188263 -0.76 -2.60
Jan 2023 189888.62601888654 -0.55 -3.45
Feb 2023 188832.5094983088 -0.56 -3.16
Mar 2023 188061.81852751403 -0.41 -2.93
Apr 2023 188154.27414159957 0.05 -2.71
May 2023 189066.1098515488 0.49 -2.60
Jun 2023 190261.97826532924 0.63 -2.62
Jul 2023 190687.18384608044 0.22 -2.60
Aug 2023 190479.27561514647 -0.11 -2.54
Sep 2023 189603.8374045454 -0.46 -2.49
Oct 2023 187983.32872887727 -0.85 -2.82
Nov 2023 186017.25337382077 -1.05 -3.32
Dec 2023 184752.77421322349 -0.68 -3.23
Jan 2024 184295.24266943833 -0.25 -2.95
Feb 2024 185720.85352186052 0.77 -1.65
Mar 2024 188378.90997317838 1.43 0.17
Apr 2024 190962.8392979755 1.37 1.49
May 2024 191767.75267862924 0.42 1.43
Jun 2024 191375.55768764438 -0.20 0.59
Jul 2024 190890.12187854914 -0.25 0.11
Aug 2024 190107.23353929733 -0.41 -0.19
Sep 2024 189088.7714264746 -0.54 -0.27
Oct 2024 188642.48403370802 -0.24 0.35
Nov 2024 188857.6941284486 0.11 1.53
Dec 2024 188704.41857537473 -0.08 2.14
Jan 2025 187963.08294419476 -0.39 1.99
Feb 2025 187627.28253073964 -0.18 1.03
Mar 2025 187789.31790560772 0.09 -0.31
Apr 2025 187072.9336155681 -0.38 -2.04
May 2025 185305.92239151883 -0.94 -3.37
Jun 2025 182781.71780294637 -1.36 -4.49
Jul 2025 180104.0491225409 -1.46 -5.65
Aug 2025 177370.64513373617 -1.52 -6.70
Sep 2025 175491.75261363038 -1.06 -7.19
Oct 2025 175333.07805914388 -0.09 -7.05
Nov 2025 176500.11844175728 0.67 -6.54
Dec 2025 178076.64861801278 0.89 -5.63
Jan 2026 179628.51430980698 0.87 -4.43
Feb 2026 181877.3997508431 1.25 -3.06