Real Estate Investing in Dundee, Mississippi (38626)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38626 (Dundee, MS)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 35.3% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.1% CAGR).
- Elevated poverty: 26.1% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Dundee, MS (38626)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 38626 Dundee
The 38626 ZIP covers a section of Dundee that demands careful diligence. Prices near $168K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 38626 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 38626's metrics run below Tunica County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 38626 includes headwinds that any investor should price in. Income distribution skews lower than Dundee averages, and tenant stability requires active management.
Strategically, 38626 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Dundee:
Market Trends
Home Value History (with trend line)
📊 How Does 38626 Compare?
| Metric | 38626 | Dundee | Memphis, TN-MS-AR | Mississippi |
|---|---|---|---|---|
| Home Value | $167,977 | $167,977 | N/A | $186,446 |
| 5-Year CAGR | 0.1% | 0.1% | N/A | 4.0% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
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 38626 (Dundee, MS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 38626 (Dundee, MS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $167,977 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 4.8% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +0.1% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (4.7%). 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 38626
Population: 1,123
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 38626
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 are home prices like in Dundee, MS?
Median home price in Dundee, MS is near $168K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
How strict are landlord regulations in Dundee, MS?
Rental owners in Dundee, MS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the renter demographic in Dundee, MS?
Tenant quality in Dundee, MS ranks as solid. Landlords generally report predictable occupancy at market rents of $1,008/mo.
Do rentals sit vacant long in Dundee, MS?
Expect elevated vacancy in Dundee, MS. Rents at $1,008/mo are absorbed by the tenant base without meaningful lag.
What approach is best for Dundee, MS real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Dundee, MS. The numbers - $168K homes against $1,008/mo rents - support that play.
You know 38626 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38626 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 38626 ranks in Memphis, TN-MS-AR
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 38626 (Dundee)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 38626 (Dundee, MS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.