Schlater, MS housing market
The typical Schlater home is worth about $125,000, down 8.2% in a year, 37% below the Mississippi typical home.
Home values, sales, trends and how Schlater compares with the towns next door — updated as new data is published.
Schlater at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2023–2026
Show as a table
| January | Schlater | Mississippi |
|---|---|---|
| 2024 | $153,000 | $188,000 |
| 2025 | $142,000 | $195,000 |
| 2026 | $134,000 | $195,000 |
| August 2026 | $125,000 | $198,000 |
A two-bedroom rents for about $850
HUD's Fair Market Rent for a two-bedroom in Schlater is $850 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $640 · 4 bedrooms $1,140
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (38952; Leflore 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, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.