Real Estate Investing in Louin, Mississippi (39338)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39338 (Louin, 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: 21.3% of homes vacant — above national norms.
- Declining values: -0.3% 5-year CAGR — values have moved lower.
- Lower household income: $35,941 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Louin, MS (39338)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 39338 Louin
ZIP 39338 in Louin, MS carries a impressive set of headwinds. Home values near $136K and rents of $756/mo sit inside a market where underwriting has to be tight.
Rent of $756/mo on a $136K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 39338 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 39338 among MS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Stepping back, 3,857 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. robust returns are possible in 39338, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Louin:
Market Trends
Home Value History (with trend line)
📊 How Does 39338 Compare?
| Metric | 39338 | Louin | Laurel, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $136,273 | $138,169 | N/A | $186,446 |
| 5-Year CAGR | N/A | N/A | N/A | 4.0% |
| Avg Rent | $756 | $756 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
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 39338 (Louin, MS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 39338 (Louin, MS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $136,273 |
| Monthly Rent | $756 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 4.1% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | -0.3% ▼ |
| 10-Year CAGR | N/A |
🏠 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 39338
Population: 3,857
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
Frequently Asked Questions
Which investment style suits Louin, MS?
For Louin, MS, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the typical renter like in Louin, MS?
Expect a solid tenant pool in Louin, MS. The rental market absorbs $756/mo rents without meaningful friction.
What do rentals go for in Louin, MS?
Expect rents around $756/mo per month in Louin, MS. With home values at $136K, the yield math works out to reasonable levels for rental investors.
Is rental property easy to operate in Louin, MS?
For rental operators, Louin, MS rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is vacancy a concern in Louin, MS?
Vacancy in Louin, MS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $756/mo.
You know 39338 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 39338 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 39338 ranks in Laurel, MS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 39338 (Louin)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 39338 (Louin, MS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.