Real Estate Investing in Coila, Mississippi (38923)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38923 (Coila, MS)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 25.1% of homes vacant — above national norms.
- 1-year downturn: Values declined 13.3% in the last year.
• 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 Coila, MS (38923)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 38923 Coila
Looking more closely, ZIP 38923 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $149K median. It rewards specialists, not generalists.
The 38923 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 38923's metrics run below Carroll County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 38923 ZIP's population of 938 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Experienced landlords with local relationships tend to find 38923 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 Coila:
Market Trends
Home Value History (with trend line)
📊 How Does 38923 Compare?
| Metric | 38923 | Coila | Greenwood, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $148,524 | $148,524 | N/A | $186,446 |
| 5-Year CAGR | N/A | N/A | N/A | 4.0% |
| Avg Rent | $783 | $783 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
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 38923 (Coila, MS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 38923 (Coila, MS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $148,524 |
| Monthly Rent | $783 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | -13.3% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 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 (4.1%). 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 38923
Population: 938
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
How expensive is real estate in Coila, MS?
Median home price in Coila, MS is near $149K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Is Coila, MS landlord-friendly?
MS law landlord-friendly for landlords, and Coila inherits those rules. Investors should still review local ordinances for rental licensing.
What kind of tenants rent in Coila, MS?
Coila, MS offers a consistent renter base at the $783/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Coila, MS a good market for FHA house hackers?
Coila, MS is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $149K price point reasonable to enter.
What investment strategy works best in Coila, MS?
In Coila, MS the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $149K prices and $783/mo rents suits that approach.
You know 38923 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38923 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 38923 ranks in Greenwood, MS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 38923 (Coila)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 38923 (Coila, MS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.