Real Estate Investing in Myrtle, Mississippi (38650)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38650 (Myrtle, 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: 16.4% 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 Myrtle, MS (38650)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 38650 Myrtle
This part of Union County is not an easy win. The 38650 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 38650 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 38650 among MS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 38650 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Myrtle's stable or hybrid ZIPs before stepping into 38650. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Myrtle:
Market Trends
Home Value History (with trend line)
📊 How Does 38650 Compare?
| Metric | 38650 | Myrtle | Mississippi |
|---|---|---|---|
| Home Value | $203,302 | $203,302 | $186,446 |
| 5-Year CAGR | 3.9% | 3.9% | 4.0% |
| Avg Rent | $765 | $765 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 38650 (Myrtle, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,302 |
| Monthly Rent | $765 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +13.8% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (2.9%). 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 38650
Population: 5,072
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 38650
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
Which real estate strategy fits Myrtle, MS?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Myrtle, MS. The numbers - $203K homes against $765/mo rents - support that play.
Is it easy to find good tenants in Myrtle, MS?
Tenant demand in Myrtle, MS is solid. The local workforce $765/mo rents across most rental classes.
How viable is house hacking in Myrtle, MS?
House hacking in Myrtle, MS is a challenging. With home values around $203K and rents at $765/mo, owner-occupants can offset a meaningful share of PITI.
Is Myrtle in MS worth investing in?
Our data puts Myrtle, MS at 3.0/5 for investability. Home prices of $203K and rents around $765/mo create a solid backdrop for investor activity.
How do landlord-tenant laws work in Myrtle, MS?
MS ranks as a landlord-friendly state for landlord-tenant law. Myrtle generally follows the statewide framework, so landlords face reasonable operating rules.
You know 38650 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38650 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.
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