Real Estate Investing in Carriere, Mississippi (39426)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39426 (Carriere, 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: 10.2% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Carriere, MS (39426)?
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Market Analysis: 39426 Carriere
From a cash-flow lens, ZIP 39426 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $255K median. It rewards specialists, not generalists.
The 39426 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Carriere have seen price recovery that 39426 has not matched. Pearl River County data supports the view that the spread is structural rather than temporary.
Employment concentration in 39426 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 39426 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Carriere:
Property Strategy for 39426
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $247,702 | $1,460 | 4.2% | +7.7% | $82,567 |
| 4BR | $328,784 | $1,470 | 3.2% | +7.2% | $82,196 |
Market Trends
Home Value History (with trend line)
📊 How Does 39426 Compare?
| Metric | 39426 | Carriere | Picayune, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $255,085 | $255,085 | N/A | $186,446 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 4.0% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 39426 (Carriere, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $255,085 |
| Monthly Rent | $954 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +2.5% ▲ |
🏠 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 (2.9%). 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 39426
Population: 17,555
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 39426
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,073 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Carriere, MS landlord-friendly?
Rental owners in Carriere, MS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How does Carriere, MS rate as a rental market?
Carriere, MS registers an investability rating of 3.0/5, with median home values near $255K and average rents around $954/mo. That combination puts it in the resilient tier for investor interest.
How expensive is real estate in Carriere, MS?
Typical homes in Carriere, MS go for around $255K. The 5-year CAGR of 0.0% consistent price movement.
Can I live-in-and-rent in Carriere, MS?
House hacking works a challenging in Carriere, MS. Rents of $954/mo against $255K acquisition make the strategy solid for owner-occupants.
Which investment style suits Carriere, MS?
Carriere, MS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($255K prices, $954/mo rents) make it a reasonable choice.
You know 39426 now. You don’t know where it ranks.
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