Real Estate Investing in Marion, Mississippi (39342)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39342 (Marion, 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.
- High vacancy: 16.0% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Marion, MS (39342)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 39342 Marion
Not every below-median market is a bargain. Marion's 39342 ZIP shows signals that favor experienced operators who can absorb the risk $179K pricing implies.
The 39342 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within MS, ZIP 39342 trails on several market indicators that neighboring Lauderdale County submarkets outperform. The gap is real and healthy enough to shape underwriting.
A healthy renter share of 52% in 39342 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 39342 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Marion:
Market Trends
Home Value History (with trend line)
📊 How Does 39342 Compare?
| Metric | 39342 | Marion | Meridian, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $178,923 | $178,923 | N/A | $186,446 |
| 5-Year CAGR | 2.5% | 2.5% | N/A | 4.0% |
| Avg Rent | $927 | $927 | N/A | - |
| 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 39342 (Marion, MS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 39342 (Marion, MS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $178,923 |
| Monthly Rent | $927 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +1.8% ▲ |
🏠 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 39342
Population: 1,888
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
Are rents high in Marion, MS?
Marion, MS rentals go for roughly $927/mo a month. That puts gross yield in solid territory relative to $179K acquisition costs.
Are renters plentiful in Marion, MS?
Marion, MS draws a steady base of working renters. Demand at the $927/mo rent level is reasonable for standard single-family and small multi rentals.
Which real estate strategy fits Marion, MS?
The best-fit strategy in Marion, MS is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Does house hacking make sense in Marion, MS?
House hacking works a challenging in Marion, MS. Rents of $927/mo against $179K acquisition make the strategy solid for owner-occupants.
What is the investability score for Marion, MS?
Marion, MS comes in at an investability rating of 3.0/5, with median home values near $179K and average rents around $927/mo. That combination puts it in the solid tier for investor interest.
You know 39342 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 39342 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 39342 ranks in Meridian, MS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 39342 (Marion)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 39342 (Marion, MS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.