Real Estate Investing in New Hebron, Mississippi (39140)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39140 (New Hebron, 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.
- High vacancy: 22.2% of homes vacant — above national norms.
- Declining values: -1.9% 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 New Hebron, MS (39140)?
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Market Analysis: 39140 New Hebron
Investors eyeing 39140 need to respect the fundamentals at play. Home values of $109K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 39140 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within MS, ZIP 39140 trails on several market indicators that neighboring Lawrence County submarkets outperform. The gap is real and significant enough to shape underwriting.
Who lives in 39140 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at New Hebron's stable or hybrid ZIPs before stepping into 39140. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in New Hebron:
Market Trends
Home Value History (with trend line)
📊 How Does 39140 Compare?
| Metric | 39140 | New Hebron | Jackson, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $108,980 | $108,980 | N/A | $186,446 |
| 5-Year CAGR | N/A | N/A | N/A | 4.0% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 6.4% | 6.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 39140 (New Hebron, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $108,980 |
| Monthly Rent | $891 |
| Price-to-Rent | 10.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.8% |
| Cap Rate | 6.4% |
| 5-Year IRR | 4.5% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | -1.9% ▼ |
| 10-Year CAGR | +0.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 39140
Population: 2,497
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 39140
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
What kind of vacancy should I budget for in New Hebron, MS?
New Hebron, MS carries elevated vacancy risk. Expect measured absorption at market rents of $891/mo.
How viable is house hacking in New Hebron, MS?
House hacking works a challenging in New Hebron, MS. Rents of $891/mo against $109K acquisition make the strategy solid for owner-occupants.
What is the investability score for New Hebron, MS?
New Hebron, MS scores 3.0/5 for investability. Home values sit at $109K and rents near $891/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is MS a landlord-friendly state?
New Hebron, MS falls under MS landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What are home prices like in New Hebron, MS?
Typical homes in New Hebron, MS go for around $109K. The 5-year CAGR of 0.0% measured price movement.
You know 39140 now. You don’t know where it ranks.
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How 39140 ranks in Jackson, MS
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