Real Estate Investing in Collins, Mississippi (39428)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39428 (Collins, 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.
- High vacancy: 17.4% of homes vacant — above national norms.
- Elevated poverty: 24.2% poverty rate — can affect rent collection.
- Lower household income: $38,267 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Collins, MS (39428)?
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Market Analysis: 39428 Collins
ZIP 39428 inside Covington County looks affordable on the surface — median value of $172K — but the discount exists for reasons that a careful buyer should understand before committing.
The 39428 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 39428 sits on the difficult end of the MS spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 39428 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
appears 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 Collins:
Market Trends
Home Value History (with trend line)
📊 How Does 39428 Compare?
| Metric | 39428 | Collins | Hattiesburg, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $171,737 | $171,737 | N/A | $186,446 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 4.0% |
| Avg Rent | $855 | $855 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 39428 (Collins, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $171,737 |
| Monthly Rent | $855 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +17.0% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (3.9%). 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 39428
Population: 8,626
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 39428
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
Is real estate in Collins, MS a good investment right now?
Collins, MS scores 3.0/5 for investability. Home values sit at $172K and rents near $855/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Which real estate strategy fits Collins, MS?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Collins, MS. The numbers - $172K homes against $855/mo rents - support that play.
How do home values compare in Collins, MS?
Homes in Collins, MS typically sell near $172K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Are landlord laws favorable in Collins, MS?
Rental owners in Collins, MS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How quickly do rentals get leased in Collins, MS?
Collins, MS carries elevated vacancy risk. Expect measured absorption at market rents of $855/mo.
You know 39428 now. You don’t know where it ranks.
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How 39428 ranks in Hattiesburg, MS
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