Real Estate Investing in Walnut Grove, Mississippi (39189)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39189 (Walnut Grove, 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: 13.7% of homes vacant — above national norms.
- Declining values: -0.6% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Walnut Grove, MS (39189)?
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Market Analysis: 39189 Walnut Grove
The 39189 ZIP covers a section of Walnut Grove that demands careful diligence. Prices near $147K look accessible, but the work to make a deal cash flow is real.
Stepping back, the numbers look inviting — $147K purchase price, 0.0% nominal cap — the work to hit that pro forma in 39189 is substantial and deserves full respect.
In the broader MS picture, 39189 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 39189 ZIP's population of 3,696 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Strategically, 39189 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Walnut Grove:
Market Trends
Home Value History (with trend line)
📊 How Does 39189 Compare?
| Metric | 39189 | Walnut Grove | Mississippi |
|---|---|---|---|
| Home Value | $147,121 | $147,121 | $186,446 |
| 5-Year CAGR | N/A | N/A | 4.0% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 4.5% | 4.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 39189 (Walnut Grove, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $147,121 |
| Monthly Rent | $846 |
| Price-to-Rent | 14.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 3.9% |
📈 Home Appreciation
| 1-Year | -2.1% ▼ |
| 3-Year CAGR | -1.7% ▼ |
| 5-Year CAGR | -0.6% ▼ |
| 10-Year CAGR | +1.1% ▲ |
🏠 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 (4.5%). 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 39189
Population: 3,696
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 39189
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
How quickly do rentals get leased in Walnut Grove, MS?
Walnut Grove, MS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the smart move for investors in Walnut Grove, MS?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Walnut Grove, MS. The numbers - $147K homes against $846/mo rents - support that play.
What are rental rates like in Walnut Grove, MS?
Expect rents around $846/mo per month in Walnut Grove, MS. With home values at $147K, the yield math works out to reasonable levels for rental investors.
Is Walnut Grove, MS good for house hacking?
House hacking works a challenging in Walnut Grove, MS. Rents of $846/mo against $147K acquisition make the strategy solid for owner-occupants.
Should investors consider Walnut Grove, MS?
Investors tracking Walnut Grove, MS will find a 3.0/5 rating supported by $147K median home values and $846/mo rents. That profile suits long-term holders targeting even-keeled returns.
You know 39189 now. You don’t know where it ranks.
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