Real Estate Investing in Ripley, Mississippi (38663)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38663 (Ripley, 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: 16.0% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.4% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ripley, MS (38663)?
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Market Analysis: 38663 Ripley
In practical terms, ZIP 38663 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $146K median. It rewards specialists, not generalists.
The 38663 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 38663 sits on the difficult end of the MS spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 38663 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. durable returns are possible in 38663, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Ripley:
Market Trends
Home Value History (with trend line)
📊 How Does 38663 Compare?
| Metric | 38663 | Ripley | Mississippi |
|---|---|---|---|
| Home Value | $146,479 | $146,479 | $186,446 |
| 5-Year CAGR | 1.4% | 1.4% | 4.0% |
| Avg Rent | $756 | $756 | - |
| Cap Rate | 4.0% | 4.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38663 (Ripley, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $146,479 |
| Monthly Rent | $756 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +1.4% ▲ |
| 10-Year CAGR | +3.2% ▲ |
🏠 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 (4.0%). 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 38663
Population: 11,468
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 38663
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
How much do tenants pay in Ripley, MS?
Rental rates in Ripley, MS average $756/mo. Tenant demand and $146K home values make the yield look reasonable by investor standards.
How should investors approach Ripley, MS?
The best-fit strategy in Ripley, MS is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is real estate in Ripley, MS a good investment right now?
Ripley, MS comes in at an investability rating of 3.0/5, with median home values near $146K and average rents around $756/mo. That combination puts it in the significant tier for investor interest.
Can owner-occupants cash flow in Ripley, MS?
The a challenging house-hack environment in Ripley, MS reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is housing expensive in Ripley, MS?
Homes in Ripley, MS typically sell near $146K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
You know 38663 now. You don’t know where it ranks.
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