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Water Valley

Water Valley

Located in Yalobusha County

$176,603 Average Value
$132 Average Price per Sq Ft
15 Homes For Sale

The tight-knit, artsy town of Water Valley

Described as an “artsy little town” by resident and Realtor Sherry Fischer, Water Valley sits less than 20 miles south of Oxford, the college town that’s home to the University of Mississippi. Fischer says that Oxford has some of the state’s highest housing prices, so people wander south of the city and stumble upon Water Valley. This tight-knit small town keeps itself busy with events like street dances, music festivals and a Watermelon Carnival each summer. “People like it being more laidback and lowkey and having less traffic than in Oxford,” she says. “It’s a close-knit community. I was born and raised here with generational families and friends - my parents’ friends, my friends – we all kind of grew up together. That’s just what Water Valley offers.”

Single-family homes at lower prices than in Oxford

Bungalows, ranch-style homes and farmhouses typically sell for prices between $100,000 and $600,000. Creeks and streams throughout the community mean that many properties here are at a high risk of flooding. Residential streets often lack sidewalks and curbs. Fischer says that prices in neighboring Lafayette County are some of the highest in the state and that people move to Water Valley for lower housing prices. She says Water Valley has experienced growth, and with that, an increase in housing prices. “The prices are rising by the day,” she says. “They’ll always be less than Oxford’s, though.”

Water Valley School District and the University of Mississippi

Water Valley School District gets an overall B grade from Niche. Preschool through sixth graders attend the B-rated Davidson Elementary School, and seventh through twelfth graders attend the B-minus-rated Water Valley High School. CTE programs at WVHS include early childhood education, law and public safety, health science and more. Less than 20 miles away, the University of Mississippi is a public university enrolling about 25,000 students annually.

City parks and recreation on Enid Lake

City Park and Baker Street Park have playgrounds and grassy areas for families to enjoy. Enid Lake has several parks on its shore, including George P. Cossar State Park, popular for fishing, picnics and camping. The lake is also home to Water Valley Landing, a campground where visitors enjoy hiking, fishing and boating.

Mexican and Cajun food and shopping for groceries locally

El Charrito’s is a casual local restaurant serving large plates of Mexican fare. Crawdad Hole serves Cajun food in a casual dining room and on a patio. Hometown Pizza Café serves pizza and wings alongside inventive sides like Philly chicken fries. The B.T.C. Old-Fashioned Grocery sells fresh, local groceries alongside coffee and lunch in its café. Larson’s Cash Saver is the town’s supermarket, and Family Dollar and Dollar General provide access to other household goods.

The Watermelon Carnival and the Casey Jones Music Fest

Approximately 20,000 attendees flock to Water Valley’s annual Watermelon Carnival each August. The weekend-long festival kicks off on Friday with a street dance, a ritual described by Fischer as a Water Valley tradition where the street’s blocked off to traffic so everyone can dance. Parades, car shows, food vendors and arts and crafts booths fill the rest of the weekend. In the spring, the Casey Jones Music Fest brings in local musicians for an all-day lineup of free live music. “People bring their lawn chairs and so forth or come in their convertibles and park around the stage and listen to the music,” Fischer says. The Water Valley Arts Council hosts the annual Water Valley Art Crawl featuring the work of local artists.

A hospital in town, nearby Oxford and a regional airport

Water Valley is located less than 20 miles from Oxford, home to the University of Mississippi. Residents can access medical care in town through Yalobusha Health Services’ hospital and clinics. About 60 miles away, Tupelo Regional Airport offers flights to Dallas and Nashville.

Ellen Daly
Written By
Ellen Daly

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Water Valley Housing Trends

Housing Trends

Median List Price
$200,000
Median Sale Price
$166,700
Median Single Family Sale Price
$182,450
Median Change From 1st List Price
6%
Last 12 months Home Sales
34
Median Home Sale Price YoY Change
-18%
Average Price Per Sq Ft
$132

Area Facts

Number of Homes
501
Number of Homes for Sale
15
Median Year Built
1967
Months of Supply
5.30
Average Single Family Home Size Sq Ft
1,651
Below the national average
1,929
Median Lot Size Sq Ft
17,424

Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Water Valley Has More Owners

Demographics

Total Population
3,226
Median Age
43
Population under 18
23.8%
On par with the national average
23.8%
Population over 65
25.5%
Above the national average
19.1%

Finances

Median Household Income
$50,764
Significantly below the national average
$71,702
Average Household Income
$63,847

Education and Workforce

High School Graduates
85.6%
College Graduates
15%
Below the national average
34.1%
Advanced Degrees
6%
% Population in Labor Force
54.7%
Below the national average
65.1%

Weather

Annual Precipitation
59''
Average Winter Low Temperature
30°F
Average Summer High Temperature
91°F
Annual Snowfall
3''

Area Factors

Somewhat Bikeable

Bike Score®®

36 / 100

Car-Dependent

Walk Score®®

49 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Water Valley