Real Estate Investing in Philadelphia, Mississippi (39350)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39350 (Philadelphia, MS)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.7% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).
- Elevated poverty: 21.9% 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 Philadelphia, MS (39350)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 39350 Philadelphia
The 39350 ZIP covers a section of Philadelphia that demands careful diligence. Prices near $141K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 39350 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader MS picture, 39350 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 39350 ZIP's population of 23,949 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Philadelphia:
Market Trends
Home Value History (with trend line)
📊 How Does 39350 Compare?
| Metric | 39350 | Philadelphia | Mississippi |
|---|---|---|---|
| Home Value | $141,211 | $141,211 | $186,446 |
| 5-Year CAGR | 0.9% | 0.9% | 4.0% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 4.6% | 4.6% | - |
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 39350 (Philadelphia, MS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 39350 (Philadelphia, MS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $141,211 |
| Monthly Rent | $837 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +0.9% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 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 (4.6%). 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 39350
Population: 23,949
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 39350
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
Does a duplex house hack pencil in Philadelphia, MS?
Philadelphia, MS is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $141K price point reasonable to enter.
How qualified is the tenant pool in Philadelphia, MS?
Tenant quality in Philadelphia, MS ranks as solid. Landlords generally report stable occupancy at market rents of $837/mo.
How much does a house cost in Philadelphia, MS?
Philadelphia, MS median home values land near $141K. That is reasonable territory for investors looking at $837/mo-per-month rentals.
Is Philadelphia, MS a friendly market for rental owners?
The landlord environment in Philadelphia, MS is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How do experienced investors play Philadelphia, MS?
Most investors in Philadelphia, MS run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 39350 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 39350 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.
AI Market Advisor
Ask questions about investing in 39350 (Philadelphia)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 39350 (Philadelphia, MS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.