Real Estate Investing in Enid, Mississippi (38927)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38927 (Enid, 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: 21.4% of homes vacant — above national norms.
- Declining values: -3.7% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 7.5% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Enid, MS (38927)?
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Market Analysis: 38927 Enid
Put differently, ZIP 38927 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $149K median. It rewards specialists, not generalists.
For an experienced owner, 38927 can be a a viable market for hunting ground — but the discount at $149K reflects genuine risk that outside investors often underestimate.
Meanwhile, 38927 offers a low basis, the region around Enid has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 38927 ZIP's population of 1,146 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Experienced landlords with local relationships tend to find 38927 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 Enid:
Market Trends
Home Value History (with trend line)
📊 How Does 38927 Compare?
| Metric | 38927 | Enid | Mississippi |
|---|---|---|---|
| Home Value | $148,995 | $148,995 | $186,446 |
| 5-Year CAGR | N/A | N/A | 4.0% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 4.4% | 4.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38927 (Enid, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $148,995 |
| Monthly Rent | $846 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 0.8% |
📈 Home Appreciation
| 1-Year | -7.5% ▼ |
| 3-Year CAGR | -5.1% ▼ |
| 5-Year CAGR | -3.7% ▼ |
| 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 (4.4%). 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 38927
Population: 1,146
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
Should investors consider Enid, MS?
Investors tracking Enid, MS will find a 3.0/5 rating supported by $149K median home values and $846/mo rents. That profile suits long-term holders targeting reliable returns.
Are homes affordable in Enid, MS?
In Enid, MS the median home value sits at $149K. Against the broader MS market, that reads as reasonable for most investors.
What kind of vacancy should I budget for in Enid, MS?
Enid, MS carries elevated vacancy risk. Expect predictable absorption at market rents of $846/mo.
What approach is best for Enid, MS real estate?
Most investors in Enid, MS run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How much is rent in Enid, MS?
The typical rental in Enid, MS commands about $846/mo monthly. That rent profile consistent cash flow against the $149K purchase basis.
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