Real Estate Investing in Meridian, Mississippi (39305)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39305 (Meridian, MS)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
What’s happening in Meridian, MS (39305)?
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Market Analysis: 39305 Meridian
Investors eyeing 39305 need to respect the fundamentals at play. Home values of $190K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 39305 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 39305 sits on the difficult end of the MS spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
A notable renter share of 33% in 39305 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Meridian's stable or hybrid ZIPs before stepping into 39305. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Meridian:
Property Strategy for 39305
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $91,475 | $1,000 | 7.9% | +2.5% | $45,737 |
| 3BR | $154,464 | $1,330 | 6.2% | +4.4% | $51,488 |
| 4BR | $261,584 | $1,400 | 3.9% | +4.5% | $65,396 |
| 5BR | $366,937 | — | — | +4.1% | $73,387 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 39305 Compare?
| Metric | 39305 | Meridian | Meridian, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $190,460 | $86,923 | N/A | $186,446 |
| 5-Year CAGR | 3.2% | 2.2% | N/A | 4.0% |
| Avg Rent | $1,060 | $1,215 | N/A | - |
| Cap Rate | 4.3% | 9.7% | - | - |
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 39305 (Meridian, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $190,460 |
| Monthly Rent | $1,060 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 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 (4.3%). 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 39305
Population: 21,878
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 39305
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
Investor Insight: With 751 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do rents currently stand in Meridian, MS?
Rents in Meridian, MS run near $1,060/mo. Compared with median home prices of $190K that produces solid gross yields for typical rentals.
Are landlord laws favorable in Meridian, MS?
MS ranks as a landlord-friendly state for landlord-tenant law. Meridian generally follows the statewide framework, so landlords face reasonable operating rules.
How do experienced investors play Meridian, MS?
In Meridian, MS the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $190K prices and $1,060/mo rents suits that approach.
Does house hacking make sense in Meridian, MS?
The house hack math a challenging in Meridian, MS. Owner-occupant buyers benefit from the $1,060/mo rents and $190K home values.
Are there empty rentals in Meridian, MS?
Expect elevated vacancy in Meridian, MS. Rents at $1,060/mo are absorbed by the tenant base without meaningful lag.
You know 39305 now. You don’t know where it ranks.
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How 39305 ranks in Meridian, MS
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