Real Estate Investing in Bassfield, Mississippi (39427)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39427 (Bassfield, 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: 19.8% of homes vacant — above national norms.
- Elevated poverty: 20.4% poverty rate — can affect rent collection.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bassfield, MS (39427)?
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Market Analysis: 39427 Bassfield
The 39427 ZIP covers a section of Bassfield that demands careful diligence. Prices near $107K look accessible, but the work to make a deal cash flow is real.
The investment case in 39427 is significant only for operators who understand what they are buying. A $107K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 39427 sits on the difficult end of the MS spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Turning to rents, 853 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 39427 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 Bassfield:
Market Trends
Home Value History (with trend line)
📊 How Does 39427 Compare?
| Metric | 39427 | Bassfield | Mississippi |
|---|---|---|---|
| Home Value | $106,527 | $109,800 | $186,446 |
| 5-Year CAGR | N/A | N/A | 4.0% |
| Avg Rent | $756 | $810 | - |
| Cap Rate | 5.5% | 5.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 39427 (Bassfield, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $106,527 |
| Monthly Rent | $756 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (5.5%). 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 39427
Population: 853
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 39427
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
Can I live-in-and-rent in Bassfield, MS?
House hacking works a challenging in Bassfield, MS. Rents of $756/mo against $107K acquisition make the strategy solid for owner-occupants.
Where do rents currently stand in Bassfield, MS?
Rents in Bassfield, MS run near $756/mo. Compared with median home prices of $107K that produces solid gross yields for typical rentals.
Are tenants stable in Bassfield, MS?
The renter base in Bassfield, MS is reasonable for the $756/mo price point. Screening well and pricing to market typically yields steady tenants.
What is it like being a landlord in Bassfield, MS?
Rental owners in Bassfield, MS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What price range are homes in Bassfield, MS?
Typical homes in Bassfield, MS go for around $107K. The 5-year CAGR of 0.0% steady price movement.
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