Real Estate Investing in Flowood, Mississippi (39232)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39232 (Flowood, MS)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Flowood, MS (39232)?
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Market Analysis: 39232 Flowood
Put differently, ZIP 39232 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $346K median. It rewards specialists, not generalists.
Rent of $1,474/mo on a $346K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 39232 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 39232 among MS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 39232 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 39232 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Flowood:
Property Strategy for 39232
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $236,139 | $1,700 | 5.2% | +5.6% | $118,069 |
| 3BR | $267,610 | $2,040 | 5.5% | +6.3% | $89,203 |
| 4BR | $441,968 | $2,250 | 3.7% | +3.9% | $110,492 |
| 5BR | $754,798 | — | — | +5.3% | $150,960 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 39232 Compare?
| Metric | 39232 | Flowood | Jackson, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $345,513 | $345,513 | N/A | $186,446 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 4.0% |
| Avg Rent | $1,474 | $1,474 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 39232 (Flowood, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $345,513 |
| Monthly Rent | $1,474 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | -6.0% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 39232
Population: 9,324
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 39232
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How does Flowood, MS rate as a rental market?
Our data puts Flowood, MS at 3.0/5 for investability. Home prices of $346K and rents around $1,474/mo create a solid backdrop for investor activity.
What monthly rent should investors expect in Flowood, MS?
Flowood, MS rentals go for roughly $1,474/mo a month. That puts gross yield in solid territory relative to $346K acquisition costs.
What is the typical renter like in Flowood, MS?
The renter base in Flowood, MS is reasonable for the $1,474/mo price point. Screening well and pricing to market typically yields consistent tenants.
How do landlord-tenant laws work in Flowood, MS?
Landlord-friendliness in Flowood, MS is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are there empty rentals in Flowood, MS?
Vacancy risk in Flowood, MS is elevated. That supports stable cash flow for typical rental holds.
You know 39232 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 39232 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 39232 ranks in Jackson, MS
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