Real Estate Investing in Corinth, Mississippi (38834)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38834 (Corinth, 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: 14.5% 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 Corinth, MS (38834)?
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Market Analysis: 38834 Corinth
This part of Alcorn County is not an easy win. The 38834 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 38834 can be a a credible choice for hunting ground — but the discount at $181K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Corinth have seen price recovery that 38834 has not matched. Alcorn County data supports the view that the spread is structural rather than temporary.
Resident income in 38834 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 38834 is an operator game, not a passive one. Put differently, entry prices of $181K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Corinth:
Property Strategy for 38834
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $187,450 | $1,170 | 4.5% | +8.5% | $62,483 |
| 4BR | $293,820 | $1,170 | 2.9% | +7.7% | $73,455 |
Market Trends
Home Value History (with trend line)
📊 How Does 38834 Compare?
| Metric | 38834 | Corinth | Corinth, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $180,702 | $180,702 | N/A | $186,446 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 4.0% |
| Avg Rent | $756 | $756 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 38834 (Corinth, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $180,702 |
| Monthly Rent | $756 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (3.3%). 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 38834
Population: 27,146
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 38834
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 kind of vacancy should I budget for in Corinth, MS?
Corinth, MS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How should investors approach Corinth, MS?
In Corinth, MS the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $181K prices and $756/mo rents suits that approach.
What is it like being a landlord in Corinth, MS?
MS law landlord-friendly for landlords, and Corinth inherits those rules. Investors should still review local ordinances for rental licensing.
Is Corinth, MS a good market for FHA house hackers?
Corinth, MS is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $181K price point reasonable to enter.
How does Corinth, MS stack up for property investment?
Corinth, MS reports an investability rating of 3.0/5, with median home values near $181K and average rents around $756/mo. That combination puts it in the substantial tier for investor interest.
You know 38834 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38834 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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