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Area data

Lake cormorant, MS — ZIP 38641

Population: 2,450 (Census ACS)

The median home value in ZIP 38641 (Lake cormorant, MS) is $329,854 — up 3.4% over the past year. Homes sell for a median $430,000 after a median 119 days on market. 3 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with coldwave, lightning, tornado the top-rated hazards. Cost of living is 15.0% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$329,854

Median home value

+3.4%

1-year change

119

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Median home value
$329,854
1-year appreciation
+3.4%
3-year appreciation
+6.6%
5-year appreciation
+22.4%
10-year appreciation
+75.9%
All-time peak (2026-05)
$330,619
House Price Index (state)
322.1 (+3.8% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$430,000
Median list price
$495,150
Median price per sqft
$162
1-year sale-price change
+46.5%
Median days on market
119 days
Homes sold (recent period)
5
For-sale inventory
11
Sale-to-list ratio
97.9%
Active listings
10
1-year forecast
+0.3%

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$940/mo
1BR fair-market rent
$1,020/mo
2BR fair-market rent
$1,150/mo
3BR fair-market rent
$1,490/mo
4BR fair-market rent
$1,720/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Low)
85.0 (100 = US avg)
Electricity rate (state-level)
14.0¢/kWh
Natural gas rate (state-level)
$16.60/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
3
Elementary schools
1
Middle schools
1
High schools
1
Schools include
LAKE CORMORANT MIDDLE, LAKE CORMORANT ELEMENTARY, LAKE CORMORANT HIGH

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
coldWave, lightning, tornado, earthquake, heatWave
Notable hazard ratings (county)
coldWave: Relatively High · drought: Relatively Low · earthquake: Relatively Moderate · hail: Relatively Low · heatWave: Relatively Moderate · iceStorm: Relatively Moderate
FEMA flood zone
X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 57% of US counties
Buildings in wildfire direct-exposure zone
50.4%
Radon potential (county)
Low radon potential — EPA Zone 3 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Memphis Defense Depot (DLA) (16.4 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
56.3 in
Annual snowfall
0.6 in
USDA plant hardiness zone
8a (extreme annual low 10 to 15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Moderate
Median AQI (annual)
54
Days with Good air quality
122
Days with Moderate air quality
231
Highest AQI recorded (year)
134

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
2.8 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
16,212
Jobs reachable by transit (45 min)
14,162

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
33
Nearest airport
Blythe Bayou Farms Airport (1 mi)
Nearest major airport
Memphis International Airport (MEM) (15 mi)
Hospitals nearby (~15 mi)
9
Hospitals include
BAPTIST MEMORIAL HOSPITAL DESOTO, METHODIST HEALTHCARE - OLIVE BRANCH HOSPITAL, PARKWOOD BEHAVIORAL HEALTH SYSTEM
Avg hospital rating (CMS)
3.0 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (4.5 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
+755 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,995
Housing built before 1970
12.2%
Housing built 2000 or later
38.9%
Median annual property tax
$1,163
Households with broadband internet
50.6%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
63,798
Average weekly wage
$845
Top industries (by employment)
Accommodation & Food, Health Care, Administrative Services
Annual residential building permits (county)
1,127

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 38641State medianUS median
Median home value$329,854$154,088$289,727
Median sale price$430,000$224,950$325,000
Median days on market119 days50 days51 days
Median annual property tax$1,163$859$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 38641?
$329,854.
What is the median sale price in ZIP 38641?
$430,000.
How long do homes take to sell in ZIP 38641?
Median days on market: 119 days.
What is typical rent in ZIP 38641?
2-bedroom fair-market rent: $1,150/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 38641?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: coldWave, lightning, tornado, earthquake, heatWave.
Is ZIP 38641 in a flood zone?
Minimal (FEMA NFIP). FEMA flood zone X.
What is the wildfire risk in ZIP 38641?
Risk to homes is higher than 57% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 38641?
Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 38641?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 38641?
3 schools (1 elementary, 1 middle, 1 high) (NCES, 2022-23).
Is ZIP 38641 walkable?
Walkability index: 2.8/20 (EPA Smart Location Database).
What is the air quality in ZIP 38641?
Moderate. Median AQI: 54. (EPA AQI).
What is the cost of living in ZIP 38641?
Regional Price Parity: 85.0 (100 = US average) (Low) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents