Real Estate Investing in Bailey, Mississippi (39320)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39320 (Bailey, MS)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bailey, MS (39320)?
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Market Analysis: 39320 Bailey
ZIP 39320 in Bailey, MS carries a solid set of headwinds. Home values near $197K and rents of $891/mo sit inside a market where underwriting has to be tight.
Rent of $891/mo on a $197K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 39320 sits below the stated 0.0% once reality is priced in.
Within MS, ZIP 39320 trails on several market indicators that neighboring Lauderdale County submarkets outperform. The gap is real and durable enough to shape underwriting.
Resident income in 39320 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 39320 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 Bailey:
Market Trends
Home Value History (with trend line)
📊 How Does 39320 Compare?
| Metric | 39320 | Bailey | Meridian, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $196,764 | $166,186 | N/A | $186,446 |
| 5-Year CAGR | 3.8% | 3.4% | N/A | 4.0% |
| Avg Rent | $891 | $851 | N/A | - |
| Cap Rate | 3.5% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 39320 (Bailey, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $196,764 |
| Monthly Rent | $891 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +3.4% ▲ |
🏠 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 (3.5%). 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 39320
Population: 2,068
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
🎓 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
How high is vacancy risk in Bailey, MS?
Vacancy risk in Bailey, MS is elevated. That supports predictable cash flow for typical rental holds.
Is it easy to find good tenants in Bailey, MS?
Tenant demand in Bailey, MS is solid. The local workforce $891/mo rents across most rental classes.
Is Bailey, MS a good place for real estate investing?
Bailey, MS shows an investability rating of 3.0/5, with median home values near $197K and average rents around $891/mo. That combination puts it in the substantial tier for investor interest.
Is Bailey, MS landlord-friendly?
MS ranks as a landlord-friendly state for landlord-tenant law. Bailey generally follows the statewide framework, so landlords face reasonable operating rules.
What are home prices like in Bailey, MS?
The median home value in Bailey, MS is roughly $197K. That puts it reasonable relative to the MS statewide average.
You know 39320 now. You don’t know where it ranks.
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How 39320 ranks in Meridian, MS
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