Real Estate Investing in Shannon, Mississippi

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 4,700 • Lee County

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Should you buy in Shannon, MS? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (64/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
1 flag
  • High vacancy: 14.6% of homes vacant — above national norms.

What’s happening in Shannon, MS?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.4% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.95% as of Sep 17 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $170,567
Avg Monthly Rent $891
ZIP Codes 1

Investing in Shannon Real Estate

Shannon, MS covers 1 ZIP codes and a population but the investment metrics here are muted — this is not a market to enter casually.

unambiguously Shannon's aggregate rating of ★★★☆☆ reflects sluggish investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

Rent trends and price trends in Shannon are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Mississippi.

Population dynamics in Shannon haven't been supportive. less favorable for combined with modest income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Tupelo, MS

Shannon is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$170,567
Avg Monthly Rent
$891
1% Rule
✗ Below
Landlord Friendly (MS)

📉 Market Crash Risk Index

Based on Tupelo, MS metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
0%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Tupelo, MS metro
0
Days to pending
6.6%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of September 5, 2026 — updated weekly

ZIP Codes in Shannon, MS

Screen every ZIP in Shannon

Filter Shannon’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Shannon, MS

How do experienced investors play Shannon, MS?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Shannon, MS. The numbers - $171K homes against $891/mo rents - support that play.

Does Shannon, MS favor landlords or tenants?

Shannon, MS operates under MS law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.

What is the median home value in Shannon, MS?

Typical homes in Shannon, MS go for around $171K. The 5-year CAGR of 0.0% consistent price movement.

Is Shannon, MS a good market for FHA house hackers?

Shannon, MS offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $891/mo rent level.

What is the tenant pool like in Shannon, MS?

Expect a solid tenant pool in Shannon, MS. The rental market absorbs $891/mo rents without meaningful friction.

Community Ratings

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