Water Valley, a city located in the state of Mississippi (MS), is home to a population of approximately 3,383 people. Water Valley boasts a median age of 35.8, with around 26.9% of its residents aged 60 or above. 4.2% of the population identifies as US Veterans. 14.2% of Water Valley residents are disabled. The city has an average household income of $45,718, while the unemployment rate stands at 4.7%, and around 27.3% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Water Valley is $108,172, with a monthly rent averaging $596.