Real Estate Investing in Drew, Mississippi (38737)
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Should you buy in 38737 (Drew, 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.
- 1-year downturn: Values declined 5.0% in the last year.
- Elevated poverty: 30.2% poverty rate — can affect rent collection.
- Lower household income: $27,326 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Drew, MS (38737)?
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Market Analysis: 38737 Drew
Homes in the 38737 ZIP trade near $71K, a discount that has historically rewarded investors willing to renovate. Rent comps near $756/mo support the pro forma.
BRRRR works in 38737 because the math supports it. Buy at $71K, rehab, and the refinance step typically recovers capital in a way that flat-yield markets cannot match.
Relative to MS, 38737 reads as a working-capital ZIP — prices below average, renter share elevated at 52%, and room for operator-led upside.
From an investor standpoint, incomes in 38737 sit below the county median, the tenant pool is deep and the demand for upgraded rental stock consistently outruns supply.
The strategy in 38737 is forced equity, not market equity. Turning to rents, entry prices are accommodating at $71K, the returns sit in the renovation budget, not the holding period.
Here's what matters if you're considering buying a home in Drew:
Property Strategy for 38737
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $50,555 | $840 | 12.0% | — | $25,277 |
| 3BR | $75,884 | $1,140 | 10.8% | — | $25,295 |
Market Trends
Home Value History (with trend line)
📊 How Does 38737 Compare?
| Metric | 38737 | Drew | Indianola, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $70,582 | $70,582 | N/A | $186,446 |
| 5-Year CAGR | N/A | N/A | N/A | 4.0% |
| Avg Rent | $756 | $756 | N/A | - |
| Cap Rate | 8.4% | 8.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38737 (Drew, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $70,582 |
| Monthly Rent | $756 |
| Price-to-Rent | 7.8:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.9% |
| Cap Rate | 8.4% |
| 5-Year IRR | 3.3% |
📈 Home Appreciation
| 1-Year | -5.0% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.4%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 38737
Population: 3,150
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 38737
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
Is Drew, MS good for BRRRR investors?
Yes - BRRRR is a strong in Drew, MS. The $71K home values and $756/mo rents anchor the refinance math.
What approach is best for Drew, MS real estate?
For Drew, MS, value-add and BRRRR deals is the standard investor playbook. The market structure makes it a reasonable default approach.
Is housing expensive in Drew, MS?
Expect median prices around $71K in Drew, MS. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
What is the investability score for Drew, MS?
With a 4.0/5 investability score, Drew, MS ranks as a solid market for rental property investors. Median prices of $71K and rents of $756/mo drive the underlying numbers.
Are 1% rule properties available in Drew, MS?
The 1% rule in Drew, MS is reasonable to achieve. Rent-to-price at the median ($756/mo on $71K) lands around 1.07%.
You know 38737 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38737 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 38737 ranks in Indianola, MS
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