Real Estate Investing in Raleigh, Mississippi (39153)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39153 (Raleigh, 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: 21.8% of homes vacant — above national norms.
- Declining values: -0.6% 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 Raleigh, MS (39153)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 39153 Raleigh
From an investor standpoint, ZIP 39153 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $146K median. It rewards specialists, not generalists.
For an experienced owner, 39153 can be a a strong candidate for hunting ground — but the discount at $146K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Raleigh have seen price recovery that 39153 has not matched. Smith County data supports the view that the spread is structural rather than temporary.
The 39153 ZIP's population of 2,443 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Experienced landlords with local relationships tend to find 39153 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 Raleigh:
Market Trends
Home Value History (with trend line)
📊 How Does 39153 Compare?
| Metric | 39153 | Raleigh | Mississippi |
|---|---|---|---|
| Home Value | $145,660 | $145,514 | $186,446 |
| 5-Year CAGR | N/A | N/A | 4.0% |
| Avg Rent | $774 | $819 | - |
| Cap Rate | 4.1% | 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 39153 (Raleigh, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $145,660 |
| Monthly Rent | $774 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 3.5% |
📈 Home Appreciation
| 1-Year | -2.5% ▼ |
| 3-Year CAGR | -1.8% ▼ |
| 5-Year CAGR | -0.6% ▼ |
| 10-Year CAGR | +2.3% ▲ |
🏠 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 (4.1%). 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 39153
Population: 2,443
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 39153
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
How high is vacancy risk in Raleigh, MS?
Raleigh, MS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What do rentals go for in Raleigh, MS?
Expect rents around $774/mo per month in Raleigh, MS. With home values at $146K, the yield math works out to reasonable levels for rental investors.
What are home prices like in Raleigh, MS?
Typical homes in Raleigh, MS go for around $146K. The 5-year CAGR of 0.0% reliable price movement.
Is MS a landlord-friendly state?
For rental operators, Raleigh, MS rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Should investors consider Raleigh, MS?
Investors tracking Raleigh, MS will find a 3.0/5 rating supported by $146K median home values and $774/mo rents. That profile suits long-term holders targeting reliable returns.
You know 39153 now. You don’t know where it ranks.
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