Real Estate Investing in Winona, Mississippi (38967)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38967 (Winona, 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: 23.1% of homes vacant — above national norms.
- Declining values: -0.5% 5-year CAGR — values have moved lower.
- Elevated poverty: 23.0% poverty rate — can affect rent collection.
- Lower household income: $29,242 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 (38967)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 38967 Winona
ZIP 38967 in Winona, MS carries a healthy set of headwinds. Home values near $120K and rents of $810/mo sit inside a market where underwriting has to be tight.
Rent of $810/mo on a $120K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 38967 sits below the stated 0.0% once reality is priced in.
The gap between 38967 and stronger Winona ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 38967 ZIP's population of 7,048 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
looks to 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 Winona:
Property Strategy for 38967
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $79,933 | $900 | 8.1% | — | $39,966 |
| 3BR | $121,142 | $1,120 | 6.7% | +2.0% | $40,381 |
| 4BR | $207,520 | $1,180 | 4.1% | — | $51,880 |
Market Trends
Home Value History (with trend line)
📊 How Does 38967 Compare?
| Metric | 38967 | Winona | Greenwood, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $120,096 | $133,479 | N/A | $186,446 |
| 5-Year CAGR | N/A | 0.8% | N/A | 4.0% |
| Avg Rent | $810 | $819 | N/A | - |
| Cap Rate | 5.3% | 4.8% | - | - |
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 38967 (Winona, MS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 38967 (Winona, MS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $120,096 |
| Monthly Rent | $810 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.3% |
| 5-Year IRR | 4.8% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | -2.2% ▼ |
| 5-Year CAGR | -0.5% ▼ |
| 10-Year CAGR | +2.4% ▲ |
🏠 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 (5.3%). 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 38967
Population: 7,048
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 38967
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
Do landlords face vacancy issues in Winona, MS?
Occupancy in Winona, MS runs predictable with elevated vacancy. Well-priced units at $810/mo lease on reasonable timelines.
How strong are rents in Winona, MS?
Expect rents around $810/mo per month in Winona, MS. With home values at $120K, the yield math works out to reasonable levels for rental investors.
What is the tenant pool like in Winona, MS?
Working renters make up the core of the Winona, MS tenant base. The pool is reasonable for investors targeting long-term holds.
Is Winona, MS a friendly market for rental owners?
Winona, MS operates under MS law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
How expensive is real estate in Winona, MS?
Homes in Winona, MS typically sell near $120K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
You know 38967 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 38967 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 38967 ranks in Greenwood, MS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 38967 (Winona)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 38967 (Winona, MS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.