ZIP Code Market Report
38701 — Greenville, MS
Data through February 2026 · Updated monthly
Avg Home Value
$54,550
▼ 28.8% year-over-year
Month-over-Month
-2.3%
▼ 2.3%
Single Family
$54,059
Condo / Co-op
--
The average home value in the 38701 ZIP code (Greenville, MISSISSIPPI) is $54,550 as of February 2026. Home prices are declining, down 28.8% compared to last year.
The market in 38701 has a $141,155 spread between bottom-tier homes at $20,171 and top-tier homes at $161,326. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 38701 ZIP code will decrease 1.7% over the next 12 months, bringing the projected average to approximately $53,623. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Washington County market area in MISSISSIPPI. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Washington County report.
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Market Snapshot
38701 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $56,387 | $55,808 | $54,550 | ▼ 3.3% |
| Single Family Value | $55,990 | $54,765 | $54,059 | ▼ 3.4% |
Home Values
38701 Home Value Trend
Historical home values for ZIP code 38701. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 38701
How different property types compare in this ZIP code.
All Homes
$54,550
Single Family
$54,059
Bottom Tier
$20,171
Top Tier
$161,326
Forecast
12-Month Home Value Forecast for 38701
Zillow projects home values in 38701 will decrease 1.7% over the next year, reaching approximately $53,623.
Current Value
$54,550
Projected Change
-1.7%
▼ 1.7%
Projected Value
$53,623
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 38701 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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