Real Estate Investing in Gore Springs, Mississippi (38929)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38929 (Gore Springs, MS)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (0.4% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Gore Springs, MS (38929)?
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Market Analysis: 38929 Gore Springs
This part of Grenada County is not an easy win. The 38929 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 38929 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 38929 sits on the difficult end of the MS spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The 38929 ZIP's population of 2,243 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
The right play in 38929 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 Gore Springs:
Market Trends
Home Value History (with trend line)
📊 How Does 38929 Compare?
| Metric | 38929 | Gore Springs | Grenada, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $112,332 | $112,332 | N/A | $186,446 |
| 5-Year CAGR | 0.4% | 0.4% | N/A | 4.0% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 6.2% | 6.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38929 (Gore Springs, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $112,332 |
| Monthly Rent | $891 |
| Price-to-Rent | 10.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.5% |
| Cap Rate | 6.2% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +0.4% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 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 (6.2%). 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 38929
Population: 2,243
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
Is Gore Springs, MS a smart market for rental property?
With a 3.0/5 investability score, Gore Springs, MS ranks as a solid market for rental property investors. Median prices of $112K and rents of $891/mo drive the underlying numbers.
What approach is best for Gore Springs, MS real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Gore Springs, MS. The numbers - $112K homes against $891/mo rents - support that play.
Does Gore Springs, MS favor landlords or tenants?
Rental owners in Gore Springs, MS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How viable is house hacking in Gore Springs, MS?
The house hack math a challenging in Gore Springs, MS. Owner-occupant buyers benefit from the $891/mo rents and $112K home values.
What do landlords charge for rent in Gore Springs, MS?
Expect rents around $891/mo per month in Gore Springs, MS. With home values at $112K, the yield math works out to reasonable levels for rental investors.
You know 38929 now. You don’t know where it ranks.
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