Real Estate Investing in Grenada, Mississippi (38901)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38901 (Grenada, 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: 17.6% 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 Grenada, MS (38901)?
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Market Analysis: 38901 Grenada
Not every below-median market is a bargain. Grenada's 38901 ZIP reflects signals that favor experienced operators who can absorb the risk $132K pricing implies.
Stepping back, the numbers look inviting — $132K purchase price, 0.0% nominal cap — the work to hit that pro forma in 38901 is substantial and deserves full respect.
The gap between 38901 and stronger Grenada ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 38901 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Grenada's stable or hybrid ZIPs before stepping into 38901. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Grenada:
Property Strategy for 38901
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $52,740 | $920 | 12.6% | +1.2% | $26,370 |
| 3BR | $124,446 | $1,100 | 6.4% | +4.7% | $41,482 |
| 4BR | $261,016 | $1,420 | 3.9% | +6.1% | $65,254 |
Market Trends
Home Value History (with trend line)
📊 How Does 38901 Compare?
| Metric | 38901 | Grenada | Grenada, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $131,537 | $162,886 | N/A | $186,446 |
| 5-Year CAGR | 2.5% | 2.5% | N/A | 4.0% |
| Avg Rent | $828 | $819 | N/A | - |
| Cap Rate | 4.9% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38901 (Grenada, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $131,537 |
| Monthly Rent | $828 |
| Price-to-Rent | 13.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 4.9% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +3.9% ▲ |
🏠 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 (4.9%). 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 38901
Population: 17,887
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 38901
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
Is Grenada in MS worth investing in?
The 3.0/5 investability rating in Grenada, MS reflects its $132K prices and $828/mo rents. Investors generally consider it a solid option within MS.
Which investment style suits Grenada, MS?
For Grenada, MS, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How much should I expect to pay for a home in Grenada, MS?
Median home price in Grenada, MS is near $132K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
Are renters plentiful in Grenada, MS?
The renter base in Grenada, MS is reasonable for the $828/mo price point. Screening well and pricing to market typically yields stable tenants.
What are vacancy rates like in Grenada, MS?
Expect elevated vacancy in Grenada, MS. Rents at $828/mo are absorbed by the tenant base without meaningful lag.
You know 38901 now. You don’t know where it ranks.
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