Median home value in zip code 38685 (Waterford, MS) is $185,164, down 0.3% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$185,164

YoY Change

-0.3%

Prices falling — better for buyers.

Affordability

Enter your income for 38685 (Waterford).

Income (annual)

Down Payment

$37,033 on $185,164

Example: $75,000 household income. Change it above to see your own.

Affordable21.5% of income

Under the 28% guideline.

PITI$1,342

P/I21.5%

Afford$241K

Room+$56K

P&I $936Tax $173Ins $233

6.50% 30yr, 20% down, county tax + MS ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

38685 is part of the Memphis, TN-MS-AR metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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