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301 Market St, Water Valley, MS, 38965

4beds
3baths
3,356sqft
$439,000
$131price/sqft
$3,188/moest. monthly cost
$127,520/yrincome needed

About This Home

Step into timeless character and modern comfort in this beautifully remodeled 1903 home. Blending classic craftsmanship with thoughtful updates, this spacious residence offers the very best of Water Valley living in an unbeatable location. Original hardwood floors, soaring ceilings, and elegant crown molding showcase the home's historic charm, while the stunning chef's kitchen serves as a true centerpiece—complete with high-end finishes, generous workspace, and a walk-in pantry. The main-level primary suite is a private retreat, featuring a spa-inspired bath and an oversized walk-in closet. Enjoy mornings and evenings on the upper and lower wraparound porches, or unwind in the privacy of your fully fenced courtyard with a hot tub that is just inviting you to relax. This exceptional home truly has it all.

Getting Around

46
WalkingCar-Dependent
0
TransitVery Limited Transit
19
BikeSomewhat Bikeable

Schools

4/10
7/10
Water Valley High SchoolGrades 7-120.4 mi

Construction

Condition

  • Year built: 1903

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Metal
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Residential

Interior

Appliances

  • Appliances included: Microwave,Dishwasher,Dryer,Gas Range,Refrigerator,Washer,Electric Water Heater

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Cooling

  • Cooling features: Wall Unit(s)

Features

  • Pantry,Walk-In Closet(s),Granite Counters,Ceiling Fan(s)
  • Window features: Wood Frames
  • Flooring: Hardwood
  • Fireplace features: Gas
  • Fireplace: Yes
  • Attic: Pull Down Stairs

Interior Area

  • Total structure area: 3,356
  • Total interior livable area: 3,356 sqft

Property

Details

  • Parcel number: 0503C050012000
  • Zoning description: OTHER

Features

  • Pool features: None
  • Patio & porch: Patio,Porch
  • Has spa: Yes
  • Spa features: Heated
  • Fencing: Fenced

Lot

  • Lot size: 0.47 Acres

Parking

  • Parking features: None,Paved
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Lightning
Cold Wave
Heat Wave
Strong Wind
Tornado
Earthquake
Hail
Inland Flooding

FEMA Declared Disasters in Yalobusha County and Mississippi

Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,219$26,628
Home Insurance *$486$5,832
Property Taxes $171$2,052
Electricity $312$3,744
Total$3,188$38,256
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$109,302/yr
40% on housing$95,640/yr
45% on housing$85,013/yr

Mississippi FAIR Plan Programs

Mississippi Windstorm Underwriting Association

Covered
HailHail
WindWind
Visit Website →

Mississippi Residential Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,237Commercial: -4
Total Premiums$1.77M
Total Exposure$137.66M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.4%
8.4%
0%30.0%
Electricity Growth Rate10-year average: 4.2%
4.2%
0%15.0%
Property Taxes Growth Rate2-year average: -1.9%
-1.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$131This listing

vs Other Active Listings

Avg $/sqft

ZIP 38965$116
Yalobusha County$102

vs Homes Sold Last Month

Median $/sqft

ZIP 38965
Yalobusha County$88

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-04Price change$459,000
2026-04-10Price change$479,000
2026-03-13Price change$499,000
2026-02-27Listed for sale$529,500
2025-12-18Listing removed$549,000
2025-12-05Listed for sale$549,000
2025-01-30Listing removed$3,600
2024-09-28Listed for rent$3,600
2022-03-31Sold--
2020-01-14Listing removed$25,000
2020-01-01Listed for sale$25,000

For Sale by Agent

AgentTina Sikma, McMinn Realty and Land
BrokerageMcMinn Realty and Land

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