Similar to its surrounding areas, it's substantially less expensive compared to the United States as a whole. Compared to the city of Jackson, it is significantly less expensive.
Home prices
The median home in Water Valley costs $69,400. In comparison to its nearby areas it is approximately $2,800 (3%) lower.Compared to the entire nation it is roughly $148,100 (68%) lower, and compared to the city of Jackson it is approximately $63,800 (47%) lower.
Rents
In Water Valley the median monthly rent is $638. This is roughly $64 (11%) higher in comparison to nearby areas.In comparison to the nation as a whole it is about $424 (39%) lower, and compared to the city of Jackson it is about $239 (27%) lower.
Nearby places
Fulton
Fulton is about 5 miles southwest from Water Valley. The housing prices there are a bit less expensive. Fulton's median home cost is $63,200, which works out to $6,200 (9%) lower than Water Valley. Rents there are somewhat less expensive. Fulton's median rent is $595 a month, which comes out to $43 (7%) lower than Water Valley.
Wingo
Wingo is approximately 6 miles northeast of Water Valley. Its real estate prices are pretty similar. The median home price in Wingo is $71,700, which comes out to $2,300 (3%) higher than Water Valley. Rents there are somewhat less expensive. The median rent in Wingo is $547 a month, which works out to $91 (16%) lower than Water Valley.
South Fulton
South Fulton is about 6 miles southwest from Water Valley. Its housing prices are fairly similar. The median home cost in South Fulton is $73,000, which comes out to $3,600 (4%) higher than Water Valley. Its rents are similar. In South Fulton the median rent is $655 a month, which works out to $17 (2%) higher than Water Valley.
Clinton
Clinton is approximately 11 miles northwest from Water Valley. Housing prices there are a little less expensive. The median home in Clinton costs $52,900, which works out to $16,500 (31%) lower than Water Valley. Rent there is substantially less expensive. The median monthly rent in Clinton is $447, which works out to $191 (42%) lower than Water Valley.
Mayfield
Mayfield is approximately 14 miles northeast of Water Valley. Real estate prices there are a bit more expensive. Mayfield's median home cost is $100,200, which comes out to $30,800 (30%) higher than Water Valley. Rent there is fairly similar. In Mayfield the median monthly rent is $624, which is $14 (2%) lower than Water Valley.
