Real Estate Investing in Winona, Mississippi (38925)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38925 (Winona, 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: 25.1% of homes vacant — above national norms.
- Lower household income: $33,906 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 Winona, MS (38925)?
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Market Analysis: 38925 Winona
ZIP 38925 in Winona, MS carries a solid set of headwinds. Home values near $147K and rents of $828/mo sit inside a market where underwriting has to be tight.
Rent of $828/mo on a $147K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 38925 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Winona have seen price recovery that 38925 has not matched. Montgomery County data supports the view that the spread is structural rather than temporary.
A healthy renter share of 14% in 38925 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 38925 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Winona:
Property Strategy for 38925
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $101,837 | $920 | 6.5% | — | $50,918 |
| 3BR | $145,675 | $1,110 | 5.5% | — | $48,558 |
| 4BR | $185,957 | $1,220 | 4.7% | — | $46,489 |
Market Trends
Home Value History (with trend line)
📊 How Does 38925 Compare?
| Metric | 38925 | Winona | Starkville, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $146,862 | $133,479 | N/A | $186,446 |
| 5-Year CAGR | 2.1% | 0.8% | N/A | 4.0% |
| Avg Rent | $828 | $819 | N/A | - |
| Cap Rate | 4.4% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38925 (Winona, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $146,862 |
| Monthly Rent | $828 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 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 (4.4%). 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 38925
Population: 1,839
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 strong is tenant demand in Winona, MS?
Expect a solid tenant pool in Winona, MS. The rental market absorbs $828/mo rents without meaningful friction.
Is rental property easy to operate in Winona, MS?
MS law landlord-friendly for landlords, and Winona inherits those rules. Investors should still review local ordinances for rental licensing.
What is the median home value in Winona, MS?
Winona, MS home values average about $147K. That price point suits investors targeting rentals with $828/mo in monthly income.
How viable is house hacking in Winona, MS?
Winona, MS is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $147K price point reasonable to enter.
How does Winona, MS rate as a rental market?
Our data puts Winona, MS at 3.0/5 for investability. Home prices of $147K and rents around $828/mo create a solid backdrop for investor activity.
You know 38925 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38925 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 38925 ranks in Starkville, MS
Every ZIP in this metro, ranked. Free.
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