Real Estate Investing in Bruce, Mississippi (38915)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38915 (Bruce, 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: 14.6% 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 Bruce, MS (38915)?
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Market Analysis: 38915 Bruce
ZIP 38915 inside Calhoun County looks affordable on the surface — median value of $142K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 38915 can be a a solid fit for hunting ground — but the discount at $142K reflects genuine risk that outside investors often underestimate.
The gap between 38915 and stronger Bruce ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 38915 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Bruce:
Property Strategy for 38915
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $87,224 | $1,170 | 9.7% | — | $43,612 |
| 3BR | $126,122 | $1,470 | 8.4% | — | $42,041 |
| 4BR | $209,422 | $1,550 | 5.3% | — | $52,355 |
Market Trends
Home Value History (with trend line)
📊 How Does 38915 Compare?
| Metric | 38915 | Bruce | Mississippi |
|---|---|---|---|
| Home Value | $141,737 | $141,737 | $186,446 |
| 5-Year CAGR | 3.7% | 3.7% | 4.0% |
| Avg Rent | $1,053 | $1,053 | - |
| Cap Rate | 5.8% | 5.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38915 (Bruce, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $141,737 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 11.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 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 (5.8%). 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 38915
Population: 3,186
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 38915
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.
Frequently Asked Questions
How should investors approach Bruce, MS?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Bruce, MS. The numbers - $142K homes against $1,053/mo rents - support that play.
What is the median home value in Bruce, MS?
Median home price in Bruce, MS is near $142K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
What are rental rates like in Bruce, MS?
Rent in Bruce, MS is around $1,053/mo. The resulting rent-to-value relationship with $142K pricing is reasonable for most investor models.
How deep is the rental pool in Bruce, MS?
Bruce, MS offers a predictable renter base at the $1,053/mo rent level. Tenant turnover is reasonable for well-managed properties.
What kind of vacancy should I budget for in Bruce, MS?
Bruce, MS carries elevated vacancy risk. Expect predictable absorption at market rents of $1,053/mo.
You know 38915 now. You don’t know where it ranks.
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