38965 — Water Valley, MS Home Values
Typical home value $194,477 as of June 2026 · 5th of 6 in Oxford, MS
Blue: typical home value (Zillow ZHVI) in ZIP code 38965, June 2021 to June 2026. This page shows observed data only; no forecast.
How 38965 compares in the Oxford, MS area
ZIP code 38965 (Water Valley, MS) has a typical home value of $194,477 as of June 2026, ranking 5th of 6 ZIP codes tracked in the Oxford, MS area, more expensive than about 33% of ZIP codes in the metro. Prices here have moved -0.9% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +0.8%, from $192,860 in June 2021 to $194,477 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Oxford, MS forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Oxford.
Population and demographics
ZIP code 38965 has a population of 8,801, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 66.3% White, 31.6% Black or African American, 1.1% Hispanic or Latino, 0.7% two or more races, and 0.3% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| DAVIDSON ELEMENTARY SCHOOL | 207 Goode Street, Water Valley, MS | 2.4 mi |
| WATER VALLEY HIGH SCHOOL | 550 Markette Street, Water Valley, MS | 3.3 mi |
| COFFEEVILLE ELEMENTARY SCHOOL | 104 Davis Street, Coffeeville, MS | 11.8 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 38965?
$194,477 as of June 2026, the latest month Zillow has published observed data for.
Is 38965 an expensive ZIP code in the Oxford, MS area?
38965 ranks 5th of 6 ZIP codes in the Oxford, MS area by typical home value, more expensive than about 33% of ZIP codes in the metro.
How much have home values in 38965 changed over the past year?
-0.9% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 38965?
8,801, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 38965?
DAVIDSON ELEMENTARY SCHOOL (2.4 mi), WATER VALLEY HIGH SCHOOL (3.3 mi), COFFEEVILLE ELEMENTARY SCHOOL (11.8 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 38965?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Oxford, 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.