Real Estate Investing in Glen Allan, Mississippi (38744)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38744 (Glen Allan, MS)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 20.1% of homes vacant — above national norms.
- 1-year downturn: Values declined 4.2% in the last year.
- Elevated poverty: 68.0% poverty rate — can affect rent collection.
- Lower household income: $19,194 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Glen Allan, MS (38744)?
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Market Analysis: 38744 Glen Allan
ZIP 38744 in Glen Allan, MS carries a solid set of headwinds. Home values near $165K and rents of $756/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 38744 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 38744 and stronger Glen Allan ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 38744 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 38744 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Glen Allan:
Market Trends
Home Value History (with trend line)
📊 How Does 38744 Compare?
| Metric | 38744 | Glen Allan | Greenville, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $164,536 | $164,536 | N/A | $186,446 |
| 5-Year CAGR | N/A | N/A | N/A | 4.0% |
| Avg Rent | $756 | $756 | N/A | - |
| Cap Rate | 3.6% | 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 38744 (Glen Allan, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $164,536 |
| Monthly Rent | $756 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | -4.2% ▼ |
| 3-Year CAGR | -3.7% ▼ |
| 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 current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 38744
Population: 509
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
Frequently Asked Questions
How should investors approach Glen Allan, MS?
In Glen Allan, MS the significant play is typically careful cash-flow rentals with hands-on management. The combination of $165K prices and $756/mo rents suits that approach.
Are renters plentiful in Glen Allan, MS?
Glen Allan, MS draws a measured base of working renters. Demand at the $756/mo rent level is reasonable for standard single-family and small multi rentals.
Is Glen Allan, MS a friendly market for rental owners?
For rental operators, Glen Allan, MS rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the investability score for Glen Allan, MS?
Yes - Glen Allan, MS a 2.0/5 investability score. With $165K home prices against $756/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the typical home price in Glen Allan, MS?
In Glen Allan, MS the median home value sits at $165K. Against the broader MS market, that reads as reasonable for most investors.
You know 38744 now. You don’t know where it ranks.
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