Real Estate Investing in Louisville, Mississippi (39339)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39339 (Louisville, MS)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.5% vacancy may signal weakening demand.
- Elevated poverty: 23.1% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Louisville, MS (39339)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 39339 Louisville
This part of Winston County is not an easy win. The 39339 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 39339 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within MS, ZIP 39339 trails on several market indicators that neighboring Winston County submarkets outperform. The gap is real and durable enough to shape underwriting.
Employment concentration in 39339 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 39339 is an operator game, not a passive one. Stepping back, entry prices of $148K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Louisville:
Property Strategy for 39339
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $87,946 | $840 | 6.9% | — | $43,973 |
| 3BR | $137,060 | $1,120 | 5.9% | +3.5% | $45,687 |
| 4BR | $203,973 | $1,120 | 4.0% | +5.6% | $50,993 |
| 5BR | $254,079 | — | — | — | $50,816 |
Market Trends
Home Value History (with trend line)
📊 How Does 39339 Compare?
| Metric | 39339 | Louisville | Mississippi |
|---|---|---|---|
| Home Value | $148,288 | $148,288 | $186,446 |
| 5-Year CAGR | 2.7% | 2.7% | 4.0% |
| Avg Rent | $756 | $756 | - |
| Cap Rate | 4.0% | 4.0% | - |
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 39339 (Louisville, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $148,288 |
| Monthly Rent | $756 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 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 (4.0%). 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 39339
Population: 14,583
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 39339
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
Is rental property easy to operate in Louisville, MS?
For rental operators, Louisville, MS rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How high is vacancy risk in Louisville, MS?
Louisville, MS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How much should I expect to pay for a home in Louisville, MS?
Median home price in Louisville, MS is near $148K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Can I live-in-and-rent in Louisville, MS?
House hacking works a challenging in Louisville, MS. Rents of $756/mo against $148K acquisition make the strategy solid for owner-occupants.
What is the typical renter like in Louisville, MS?
The tenant pool in Louisville, MS is solid, supported by local employment and population fundamentals. Rents of $756/mo are well-absorbed by the market.
You know 39339 now. You don’t know where it ranks.
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