Real Estate Investing in Derma, Mississippi (38839)
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Should you buy in 38839 (Derma, MS)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 10.8% in the last year.
• 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 Derma, MS (38839)?
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Market Analysis: 38839 Derma
ZIP 38839 inside Calhoun County looks affordable on the surface — median value of $83K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $83K asset, 38839 is the wrong submarket. If the plan prices in friction, the yield can still work.
Meanwhile, 38839 offers a low basis, the region around Derma has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 38839 ZIP's population of 41 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Distressed ZIPs reward experience. robust returns are possible in 38839, 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 Derma:
Market Trends
Home Value History (with trend line)
📊 How Does 38839 Compare?
| Metric | 38839 | Derma | Mississippi |
|---|---|---|---|
| Home Value | $82,630 | $82,630 | $186,446 |
| 5-Year CAGR | 2.1% | 2.1% | 4.0% |
| Avg Rent | $801 | $801 | - |
| Cap Rate | 7.6% | 7.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38839 (Derma, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $82,630 |
| Monthly Rent | $801 |
| Price-to-Rent | 8.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.6% |
| Cap Rate | 7.6% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | -10.8% ▼ |
| 3-Year CAGR | -2.6% ▼ |
| 5-Year CAGR | +2.1% ▲ |
| 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%) is close to the estimated cap rate (7.6%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 38839
Population: 41
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
Is Derma in MS worth investing in?
Derma, MS rates 3.0/5 for investability. With median values at $83K and rents near $801/mo, the market offers reasonable fundamentals for rental investors.
How high is vacancy risk in Derma, MS?
Derma, MS sees elevated vacancy, which is reasonable relative to the broader MS rental market.
How much does a house cost in Derma, MS?
The median home value in Derma, MS is roughly $83K. That puts it reasonable relative to the MS statewide average.
Can I live-in-and-rent in Derma, MS?
Derma, MS is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $83K price point reasonable to enter.
Are rents high in Derma, MS?
Average rent in Derma, MS is approximately $801/mo per month. Against $83K home values that yields a reasonable rent-to-price ratio.
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