Real Estate Investing in New Houlka, Mississippi (38850)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38850 (New Houlka, 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: 26.0% of homes vacant — above national norms.
- Elevated poverty: 26.0% poverty rate — can affect rent collection.
- Lower household income: $38,152 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 New Houlka, MS (38850)?
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Market Analysis: 38850 New Houlka
The 38850 ZIP in New Houlka, MS is a local-operator market. Outside capital chasing a $152K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 38850 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 38850's metrics run below Chickasaw County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A solid renter share of 19% in 38850 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 38850 is an operator game, not a passive one. On balance, entry prices of $152K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in New Houlka:
Market Trends
Home Value History (with trend line)
📊 How Does 38850 Compare?
| Metric | 38850 | New Houlka | Tupelo, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $151,615 | $151,615 | N/A | $186,446 |
| 5-Year CAGR | 4.0% | 4.0% | N/A | 4.0% |
| Avg Rent | $810 | $810 | 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 38850 (New Houlka, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $151,615 |
| Monthly Rent | $810 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +3.8% ▲ |
🏠 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 38850
Population: 3,113
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 38850
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
Does New Houlka, MS favor landlords or tenants?
Rental owners in New Houlka, MS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is the tenant base reliable in New Houlka, MS?
Tenant demand in New Houlka, MS is solid. The local workforce $810/mo rents across most rental classes.
Do rentals sit vacant long in New Houlka, MS?
Expect elevated vacancy in New Houlka, MS. Rents at $810/mo are absorbed by the tenant base without meaningful lag.
Is New Houlka, MS a good market for FHA house hackers?
New Houlka, MS offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $810/mo rent level.
How expensive is real estate in New Houlka, MS?
The median home value in New Houlka, MS is roughly $152K. That puts it reasonable relative to the MS statewide average.
You know 38850 now. You don’t know where it ranks.
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