Real Estate Investing in Walls, Mississippi (38680)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38680 (Walls, MS)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.1% vacancy may signal weakening demand.
What’s happening in Walls, MS (38680)?
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Market Analysis: 38680 Walls
Investors eyeing 38680 need to respect the fundamentals at play. Home values of $262K come alongside slower price movement and elevated management overhead.
Looking more closely, the numbers look inviting — $262K purchase price, 0.0% nominal cap — the work to hit that pro forma in 38680 is substantial and deserves full respect.
Looking more closely, 38680 offers a low basis, the region around Walls has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 38680 includes headwinds that any investor should price in. Income distribution skews lower than Walls averages, and tenant stability requires active management.
Strategy in 38680 is an operator game, not a passive one. Put differently, entry prices of $262K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Walls:
Property Strategy for 38680
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $244,060 | $1,640 | 4.8% | +6.2% | $81,353 |
| 4BR | $291,625 | $1,910 | 4.7% | +4.5% | $72,906 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 38680 Compare?
| Metric | 38680 | Walls | Mississippi |
|---|---|---|---|
| Home Value | $262,446 | $296,150 | $186,446 |
| 5-Year CAGR | 4.5% | 4.4% | 4.0% |
| Avg Rent | $1,593 | $1,314 | - |
| Cap Rate | 4.7% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38680 (Walls, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $262,446 |
| Monthly Rent | $1,593 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 38680
Population: 7,069
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 38680
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 monthly rent should investors expect in Walls, MS?
Rental rates in Walls, MS average $1,593/mo. Tenant demand and $262K home values make the yield look reasonable by investor standards.
What investment strategy works best in Walls, MS?
Most investors in Walls, MS run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the typical vacancy rate in Walls, MS?
Occupancy in Walls, MS runs stable with elevated vacancy. Well-priced units at $1,593/mo lease on reasonable timelines.
What are home prices like in Walls, MS?
Median home price in Walls, MS is near $262K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
How strong is Walls, MS for real estate investors?
Walls, MS scores 3.0/5 for investability. Home values sit at $262K and rents near $1,593/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 38680 now. You don’t know where it ranks.
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