Water Valley, MS Profile: Facts & Data

Water Valley, Mississippi - Basic Facts

The City of Water Valley had a population of 3,368 as of July 1, 2024.

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.

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Water Valley, MS Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	3,368 (100%)
Population in Households	3,160 (93.8%)
Population in Families	2,232 (66.3%)
Population in Group Quarters¹	208 ( 6.2%)
Population Density	481
Diversity Index²	54


INCOME
Median Household Income	$54,192
Average Household Income	$67,980
% of Income for Mortgage⁴	18%
Per Capita Income	$28,940
Wealth Index⁵	49
Socioeconomic Status Index⁶	Low (43.8)

HOUSING
Total HU (Housing Units)	1,644 (100%)
Owner Occupied HU	912 (55.5%)
Renter Occupied HU	517 (31.4%)
Vacant Housing Units	215 (13.1%)
Median Home Value	$156,627
Average Home Value	$162,692
Housing Affordability Index³	142

HOUSEHOLDS
Total Households	1,429
Average Household Size	2.21
Family Households	832
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,644 (100%)

Owner Occupied HU

912 (55.5%)

Renter Occupied HU

517 (31.4%)

Vacant Housing Units

215 (13.1%)

Median Home Value

$156,627

Average Home Value

$162,692

Housing Affordability Index³

142

HOUSEHOLDS

Total Households

1,429

Average Household Size

2.21

Family Households

832

Average Family Size

3.00

NOTES

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.
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.
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.
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).
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.
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	2020-2024	2024-2029
Population	-0.08%	-0.36%
Households	-0.18%	-0.01%
Families		0.71%
Median Household Income		1.32%
Per Capita Income		2.47%
Owner Occupied HU		0.65%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.08%

-0.36%

Households

-0.18%

-0.01%

Families

0.71%

Median Household Income

1.32%

Per Capita Income

2.47%

Owner Occupied HU

0.65%

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, 2024 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	# 87	80th
Population Density	# 163	62nd
Median Household Income	# 129	70th
Housing Affordability Index	# 240	56th
Per Capita Income	# 149	65th
Diversity Index	# 128	70th

Variable Description

Rank

Percentile

Total Population

# 87

80th

Population Density

# 163

62nd

Median Household Income

# 129

70th

Housing Affordability Index

# 240

56th

Per Capita Income

# 149

65th

Diversity Index

# 128

70th

Mississippi Census Data Comparison Tool

Water Valley, MS Profile: Facts & Data

Water Valley, Mississippi - Basic Facts

Water Valley, MS Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Water Valley, MS - Peer Comparisons by Rank and Percentile

Water Valley, MS - Most Popular Things to Do

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Yalobusha County