Real Estate Investing in Harrisville, Mississippi (39082)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39082 (Harrisville, 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: 27.6% of homes vacant — above national norms.
- Declining values: -0.3% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Harrisville, MS (39082)?
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Market Analysis: 39082 Harrisville
The 39082 ZIP in Harrisville, MS is a local-operator market. Outside capital chasing a $150K entry has to pair deep knowledge with the discount.
For an experienced owner, 39082 can be a an appealing option for hunting ground — but the discount at $150K reflects genuine risk that outside investors often underestimate.
Within MS, ZIP 39082 trails on several market indicators that neighboring Simpson County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Employment concentration in 39082 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 39082 is an operator game, not a passive one. Turning to rents, entry prices of $150K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Harrisville:
Market Trends
Home Value History (with trend line)
📊 How Does 39082 Compare?
| Metric | 39082 | Harrisville | Jackson, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $150,299 | $150,299 | N/A | $186,446 |
| 5-Year CAGR | N/A | N/A | N/A | 4.0% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 39082 (Harrisville, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $150,299 |
| Monthly Rent | $891 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 4.4% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | -0.3% ▼ |
| 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 (4.6%). 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.
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Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 39082
Population: 1,025
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
Do rentals sit vacant long in Harrisville, MS?
Expect elevated vacancy in Harrisville, MS. Rents at $891/mo are absorbed by the tenant base without meaningful lag.
What kind of tenants rent in Harrisville, MS?
Harrisville, MS offers a steady renter base at the $891/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is real estate in Harrisville, MS a good investment right now?
Harrisville, MS scores 3.0/5 for investability. Home values sit at $150K and rents near $891/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What are home prices like in Harrisville, MS?
The median home value in Harrisville, MS is roughly $150K. That puts it reasonable relative to the MS statewide average.
How much do tenants pay in Harrisville, MS?
Rent in Harrisville, MS is around $891/mo. The resulting rent-to-value relationship with $150K pricing is reasonable for most investor models.
You know 39082 now. You don’t know where it ranks.
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How 39082 ranks in Jackson, MS
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