Water Valley, MS
Population 3,380 · Mississippi
About Water Valley, MS
Water Valley is a small community in Mississippi with a population of 3,380 residents. The median household income is $47,167 per year, which is below the national average. The median age in Water Valley is 32.9 years.
Housing in Water Valley has a median home value of $111,000 and median monthly rent of $592. Of the 1,543 total housing units, the majority are owner-occupied, with 684 owner-occupied and 546 renter-occupied units.
The unemployment rate in Water Valley is 4.1% and the poverty rate is 27.5%. 14.9% of residents hold a bachelor's degree or higher. The average commute time is 23.8 minutes.
Cost of Living in Water Valley, MS
Compared to national averages, Water Valley has a median household income of $47,167 (37% below the national median of $75,149). Home values average $111,000, which is 55% below the national median. Monthly rent at $592 is 49% below the US average of $1,163. Within Mississippi, Water Valley's income is 6% below the state average of $49,929, and home values are 12% below the state median of $125,705.
Why Live in Water Valley, MS?
Water Valley offers affordable housing with a median home value of $111,000, below the US average of $244,900, and rent that’s lower than the national average at $592/month, and short commute times averaging just 23.8 minutes.
Potential considerations include median household income ($47,167) that falls below the national average. However, Water Valley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Water Valley has a population of 3,380 with a median age of 32.9 years. Compare Water Valley with other cities to see how it stacks up, or explore all cities in Mississippi.
Similar Cities Near Water Valley
Cities in Mississippi with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Macon | 3,454 | $29,167 | $98,200 | Compare |
| Magnolia | 3,264 | $37,447 | $60,000 | Compare |
| Hazlehurst | 3,547 | $40,491 | $109,400 | Compare |
| New Hope | 3,587 | $79,250 | $223,900 | Compare |
| Newton | 3,151 | $34,286 | $82,700 | Compare |
| Escatawpa | 3,626 | $35,313 | $89,800 | Compare |
| Iuka | 3,118 | $45,805 | $122,200 | Compare |
| Morton | 3,661 | $38,889 | $90,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Mississippi
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Water Valley
What is the population of Water Valley, MS?
The population of Water Valley, MS is 3,380 according to the latest Census data.
What is the median household income in Water Valley?
The median household income in Water Valley, MS is $47,167 per year.
What is the median home value in Water Valley?
The median home value in Water Valley, MS is $111,000.
What is the average rent in Water Valley?
The median monthly rent in Water Valley, MS is $592.
What is the unemployment rate in Water Valley?
The unemployment rate in Water Valley, MS is 4.1%.