38732 — Cleveland, MS Home Values
Typical home value $139,810 as of August 2026 · 3rd of 4 in Cleveland, MS
Blue: typical home value (Zillow ZHVI) in ZIP code 38732, August 2021 to August 2026. This page shows observed data only; no forecast.
How 38732 compares in the Cleveland, MS area
ZIP code 38732 (Cleveland, MS) has a typical home value of $139,810 as of August 2026, ranking 3rd of 4 ZIP codes tracked in the Cleveland, MS area, more expensive than about 50% of ZIP codes in the metro. Prices here have moved -4.2% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed -14.5%, from $163,582 in August 2021 to $139,810 in August 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Cleveland, MS forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Cleveland.
Population and demographics
ZIP code 38732 has a population of 16,735, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 54.2% Black or African American, 37.7% White, 4% two or more races, 2.8% Hispanic or Latino, and 1.3% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| PEARMAN ELEMENTARY SCHOOL | 306 MERRITT DRIVE, CLEVELAND, MS | 0.5 mi |
| CLEVELAND CENTRAL HIGH SCHOOL | 300 W. SUNFLOWER ST, CLEVELAND, MS | 0.7 mi |
| ALTERNATIVE SCHOOL | 601 Third Street, Cleveland, MS | 0.9 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 38732?
$139,810 as of August 2026, the latest month Zillow has published observed data for.
Is 38732 an expensive ZIP code in the Cleveland, MS area?
38732 ranks 3rd of 4 ZIP codes in the Cleveland, MS area by typical home value, more expensive than about 50% of ZIP codes in the metro.
How much have home values in 38732 changed over the past year?
-4.2% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 38732?
16,735, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 38732?
PEARMAN ELEMENTARY SCHOOL (0.5 mi), CLEVELAND CENTRAL HIGH SCHOOL (0.7 mi), ALTERNATIVE SCHOOL (0.9 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 38732?
No. Every number on this page is observed Zillow data as of August 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Cleveland, MS forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.