Water Valley is a city located in Yalobusha County Mississippi. With a 2020 population of 3,125, it is the 81st largest city in Mississippi and the 6125th largest city in the United States . Water Valley is currently declining at a rate of -2.04% annually and its population has decreased by -7.87% since the most recent census, which recorded a population of 3,392 in 2010. Water Valley reached it's highest population of 4,315 in 1920. Spanning over 7 miles, Water Valley has a population density of 446 people per square mile.
The average household income in Water Valley is $52,103 with a poverty rate of 18.15%. The median rental costs in recent years comes to $516 per month, and the median house value is $97,200. The median age in Water Valley is 38.8 years, 37 years for males, and 40.5 years for females.