Water Valley is a city in Yalobusha County, Mississippi, home to about 3,376 people across 7.0 square miles. Its ZIP code is 38965.
Homes sold for a median of $163 per square foot in the three months ending August 2026, a balanced market.
Mostly Water Valley; also Paris
Each card is that ZIP code’s whole market, including any part outside Water Valley. Seller’s market: under 4 months of supply; buyer’s market: over 6. Methodology
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| Nearest major airport | Frederick W. Smith International Airport (MEM)64 miles away |
|---|---|
| Closer regional airport | Tupelo Regional Airport (TUP)50 miles away |
| Nearest city of 250,000+ | Memphis, TN69 miles away |
| Nearest city of 1 million+ | Dallas, TX421 miles away |
Straight-line distances from the center of Water Valley; driving is longer.
Source: Airports from OurAirports (scheduled passenger service); city centers and populations from the U.S. Census Bureau.
Source: Members of Congress from the congress-legislators project; districts from the Census Bureau’s relationship files; governor and mayor from Wikidata.
Water Valley had 3,380 residents in the 2020 census, down 8% since 2000.
It’s the 90th largest of 420 towns in Mississippi by population.
Yalobusha County grew from 19,742 residents in 1900 to 12,481 in 2020.
Yalobusha County, 1900–2020
Source: U.S. Census Bureau decennial censuses (counties 1900–1990 from the Bureau’s historical county file).
Average highs peak around 91°F in summer, and winter lows average 30°F. About 58.7 inches of rain and melted snow fall in a typical year, with about 1 inches of snow.
Source: NOAA 1991–2020 climate normals, Water Valley, MS weather station (about a mile away).
2,017 jobs at 169 businesses in Yalobusha County. The biggest industries by employees:
Source: U.S. Census Bureau County Business Patterns 2023 (private employers; jobs counted where people work).
38 doctors and other health care providers list an office in Water Valley.
Nearest hospitals
Providers with an office here
| Primary care doctors | 4 |
|---|---|
| Dentists | 2 |
| Nurse practitioners and physician assistants | 13 |
| Mental health providers | 6 |
| Physical and occupational therapists | 9 |
| Optometrists | 3 |
| Chiropractors | 1 |
| Pharmacies | 3 |
Source: Hospitals from CMS Hospital General Information (ratings are CMS overall star ratings); straight-line distances; providers from the CMS National Plan and Provider Enumeration System (NPPES), by practice address and primary specialty.
Parks (2 nearby)
Counts are within about 2 miles of the center of town.
Source: Map data © OpenStreetMap contributors (openstreetmap.org/copyright), as mapped by volunteers; it can miss places or include closed ones.
Public schools here are run by Water Valley School District. Check each district’s attendance zones for a specific address.
| School | Grades | Students | Type | Distance |
|---|---|---|---|---|
| Davidson Elementary SchoolWater Valley | Pre-K–6 | 599 | Public | 1.0 mi |
| Water Valley High SchoolWater Valley | 7–12 | 398 | Public | 0.4 mi |
Source: U.S. Department of Education, NCES: Common Core of Data (2024-2025) for public schools. Listed by address; we don’t rate schools.
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Shares ZIP codes with Paris.
Town boundaries don’t always match ZIP codes: a ZIP code can cross into neighboring towns, and a town can share a ZIP code with its neighbors. Facts describe the town itself; market figures describe whole ZIP codes.