Real Estate Investing in Banner, Mississippi (38913)
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Should you buy in 38913 (Banner, MS)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 22.4% of homes vacant — above national norms.
- Elevated poverty: 48.3% poverty rate — can affect rent collection.
• 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 Banner, MS (38913)?
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Market Analysis: 38913 Banner
ZIP 38913 in Banner, MS carries a solid set of headwinds. Home values near $166K and rents of $1,053/mo sit inside a market where underwriting has to be tight.
The investment case in 38913 is significant only for operators who understand what they are buying. A $166K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 38913 sits on the difficult end of the MS spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 38913 includes headwinds that any investor should price in. Income distribution skews lower than Banner averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 38913 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Banner:
Market Trends
Home Value History (with trend line)
📊 How Does 38913 Compare?
| Metric | 38913 | Banner | Mississippi |
|---|---|---|---|
| Home Value | $166,132 | $166,132 | $186,446 |
| 5-Year CAGR | 2.4% | 2.4% | 4.0% |
| Avg Rent | $1,053 | $1,053 | - |
| Cap Rate | 4.9% | 4.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38913 (Banner, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $166,132 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 13.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 4.9% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 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%) 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 38913
Population: 485
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
Does house hacking make sense in Banner, MS?
House hacking works a challenging in Banner, MS. Rents of $1,053/mo against $166K acquisition make the strategy solid for owner-occupants.
How deep is the rental pool in Banner, MS?
The tenant pool in Banner, MS is solid, supported by local employment and population fundamentals. Rents of $1,053/mo are well-absorbed by the market.
Is Banner in MS worth investing in?
Investors tracking Banner, MS will find a 3.0/5 rating supported by $166K median home values and $1,053/mo rents. That profile suits long-term holders targeting measured returns.
Are eviction rules reasonable in Banner, MS?
Banner, MS falls under MS landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How strong are rents in Banner, MS?
The typical rental in Banner, MS commands about $1,053/mo monthly. That rent profile even-keeled cash flow against the $166K purchase basis.
You know 38913 now. You don’t know where it ranks.
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