Real Estate Investing in Fulton, Mississippi (38843)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38843 (Fulton, MS)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.9% 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 Fulton, MS (38843)?
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Market Analysis: 38843 Fulton
Investors eyeing 38843 need to respect the fundamentals at play. Home values of $167K come alongside slower price movement and elevated management overhead.
The 38843 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 38843 and stronger Fulton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A durable renter share of 24% in 38843 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 38843 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Fulton:
Market Trends
Home Value History (with trend line)
📊 How Does 38843 Compare?
| Metric | 38843 | Fulton | Tupelo, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $166,908 | $166,908 | N/A | $186,446 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 4.0% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38843 (Fulton, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $166,908 |
| Monthly Rent | $891 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +15.9% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +2.5% ▲ |
🏠 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 (4.2%). 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 38843
Population: 12,275
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 38843
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
Investor Insight: With 784 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do rents currently stand in Fulton, MS?
The typical rental in Fulton, MS commands about $891/mo monthly. That rent profile stable cash flow against the $167K purchase basis.
How tight is the rental market in Fulton, MS?
Vacancy risk in Fulton, MS is elevated. That supports reliable cash flow for typical rental holds.
Does Fulton, MS make sense for an investment property?
The 3.0/5 investability rating in Fulton, MS reflects its $167K prices and $891/mo rents. Investors generally consider it a solid option within MS.
How much does a house cost in Fulton, MS?
Homes in Fulton, MS typically sell near $167K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How should investors approach Fulton, MS?
Most investors in Fulton, 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.
You know 38843 now. You don’t know where it ranks.
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How 38843 ranks in Tupelo, MS
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