Water Valley, MS Profile: Facts & Data

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Water Valley, Mississippi - Basic Facts

The City of Water Valley had a population of 3,384 as of July 1, 2023.

The primary coordinate point for Water Valley is located at latitude 34.1515 and longitude -89.6315 in Yalobusha County. The formal boundaries for the City of Water Valley encompass a land area of 7.01 sq. miles and a water area of 0 sq. miles. Yalobusha County is in the Central time zone (GMT -6).

The City of Water Valley has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Water Valley is located within Supervisor District 1, a minor civil division (MCD) of Yalobusha County.


Jump to... (On This Page!)
  1. Water Valley 2023 Demographic Data
  2. Growth Rates for Water Valley (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Mississippi Research Tools (Easy Tools & Current Data)
  3. Mississippi Data Comparison Tool - 2023 Demographics
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Water Valley, MS Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 3,384 (100%)
Population in Households 3,176 (93.9%)
Population in Families 2,512 (74.2%)
Population in Group Quarters1 208 ( 6.1%)
Population Density 483
Diversity Index2 54
 
 

INCOME

Median Household Income $47,761
Average Household Income $63,911
% of Income for Mortgage4 14%
Per Capita Income $27,148
Wealth Index5 49
Socioeconomic Status Index6 Low (43.3)
 

HOUSING

Total HU (Housing Units) 1,646 (100%)
Owner Occupied HU 937 (56.9%)
Renter Occupied HU 495 (30.1%)
Vacant Housing Units 214 (13.0%)
Median Home Value $114,324
Average Home Value $140,982
Housing Affordability Index3 170
 

HOUSEHOLDS

Total Households 1,432
Average Household Size 2.22
Family Households 859
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.04% -0.16%
Households -0.17% 0.00%
Families   -0.02%
Median Household Income   1.88%
Per Capita Income   2.54%
Owner Occupied HU   0.47%

Water Valley, MS - Peer Comparisons by Rank and Percentile

The table below compares Water Valley to the other 427 incorporated cities, towns and CDPs in Mississippi by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 88 80th
Population Density # 162 62nd
Median Household Income # 144 67th
Housing Affordability Index # 316 74th
Per Capita Income # 151 65th
Diversity Index # 128 70th

Additional comparisons and rankings can be made with a VERY EASY TO USE Mississippi Census Data Comparison Tool.

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