Real Estate Investing in Byhalia, Mississippi (38611)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38611 (Byhalia, MS)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Byhalia, MS (38611)?
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Market Analysis: 38611 Byhalia
ZIP 38611 inside Marshall County looks affordable on the surface — median value of $280K — but the discount exists for reasons that a careful buyer should understand before committing.
On balance, the numbers look inviting — $280K purchase price, 0.0% nominal cap — the work to hit that pro forma in 38611 is substantial and deserves full respect.
ZIP 38611's metrics run below Marshall County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 38611 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Byhalia:
Property Strategy for 38611
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $289,747 | $1,620 | 4.0% | +7.3% | $96,582 |
| 4BR | $387,689 | $2,170 | 4.0% | +6.5% | $96,922 |
Market Trends
Home Value History (with trend line)
📊 How Does 38611 Compare?
| Metric | 38611 | Byhalia | Memphis, TN-MS-AR | Mississippi |
|---|---|---|---|---|
| Home Value | $280,389 | $280,389 | N/A | $186,446 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 4.0% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38611 (Byhalia, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $280,389 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 38611
Population: 16,751
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 38611
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What does house hacking look like in Byhalia, MS?
Byhalia, MS offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,197/mo rent level.
How strong is Byhalia, MS for real estate investors?
Byhalia, MS comes in at an investability rating of 3.0/5, with median home values near $280K and average rents around $1,197/mo. That combination puts it in the healthy tier for investor interest.
Are homes affordable in Byhalia, MS?
Homes in Byhalia, MS typically sell near $280K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Does Byhalia, MS favor landlords or tenants?
MS ranks as a landlord-friendly state for landlord-tenant law. Byhalia generally follows the statewide framework, so landlords face reasonable operating rules.
Is the tenant base reliable in Byhalia, MS?
Working renters make up the core of the Byhalia, MS tenant base. The pool is reasonable for investors targeting long-term holds.
You know 38611 now. You don’t know where it ranks.
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How 38611 ranks in Memphis, TN-MS-AR
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