Fernwood, MS housing market
Home prices around Fernwood have risen about 30% over the past 5 years.
Home values, sales, trends and how Fernwood compares with the towns next door — updated as new data is published.
Home prices up 30% in 5 years
The federal house price index for the ZIP codes around Fernwood rose 30% over the past 5 years, slower than across Mississippi (42%). Last year prices rose 17%.
Show as a table
| Year | Change that year | Since 2000 | Mississippi since 2000 |
|---|---|---|---|
| 2025 | +17% | +94% | +107% |
| 2024 | −7.8% | +67% | +100% |
| 2023 | +8.9% | +81% | +90% |
| 2022 | +6.4% | +66% | +80% |
| 2021 | +4.5% | +56% | +58% |
| 2020 | +6.1% | +49% | +45% |
| 2019 | −1.4% | +41% | +42% |
| 2018 | −0.8% | +43% | +37% |
| 2017 | +5.1% | +44% | +33% |
| 2016 | −4.5% | +37% | +30% |
| 2015 | +0.3% | +43% | +27% |
| 2014 | +5.2% | +43% | +24% |
| 2013 | +1.5% | +36% | +22% |
| 2012 | −2.1% | +34% | +22% |
| 2011 | −3.2% | +37% | +23% |
| 2010 | −3.5% | +41% | +26% |
| 2009 | −4% | +46% | +31% |
| 2008 | +4.7% | +52% | +35% |
| 2007 | +9.2% | +46% | +35% |
| 2006 | +6.1% | +33% | +29% |
| 2005 | +5.9% | +26% | +18% |
| 2004 | +2.5% | +19% | +12% |
| 2003 | +5.9% | +16% | +8.3% |
| 2002 | +1.1% | +9.3% | +6.3% |
| 2001 | +8.1% | +8.1% | +4.3% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 39648, 39635, 39652, covering 88% of Fernwood’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Fernwood and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Fernwood | — | +16.6%† | $990 | — | $91,125 |
| Magnolia | $115K | +14.3% | $980 | 0 | $55,057 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $990
HUD's Fair Market Rent for a two-bedroom in Fernwood is $990 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $840 · 4 bedrooms $1,410
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (39635, 39648, 39652; Pike County, MS), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.