ZIP Code Market Report
38620 — Courtland, MS
Data through February 2026 · Updated monthly
Avg Home Value
$196,172
▼ 2.6% year-over-year
Month-over-Month
+1.3%
▲ 1.3%
Single Family
$191,310
Condo / Co-op
--
The average home value in the 38620 ZIP code (Courtland, MISSISSIPPI) is $196,172 as of February 2026. Home prices are declining, down 2.6% compared to last year.
A 3-bedroom home in 38620 is valued at $196,767.
The market in 38620 has a $168,498 spread between bottom-tier homes at $134,126 and top-tier homes at $302,623. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Panola County market area in MISSISSIPPI. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Panola County report.
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Market Snapshot
38620 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 | $191,037 | $193,587 | $196,172 | ▲ 2.7% |
| Single Family Value | $184,710 | $187,507 | $191,310 | ▲ 3.6% |
Home Values
38620 Home Value Trend
Historical home values for ZIP code 38620. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 38620
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $143,151 |
| 3 Bedrooms | $196,767 |
Property Types
Home Values by Property Type in 38620
How different property types compare in this ZIP code.
All Homes
$196,172
Single Family
$191,310
Bottom Tier
$134,126
Top Tier
$302,623
Data Sources and Methodology
Home value data for ZIP code 38620 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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