Real Estate Investing in Ovett, Mississippi (39464)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39464 (Ovett, MS)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.1% 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 Ovett, MS (39464)?
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Market Analysis: 39464 Ovett
The 39464 ZIP in Ovett, MS is a local-operator market. Outside capital chasing a $174K entry has to pair deep knowledge with the discount.
The 39464 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within MS, ZIP 39464 trails on several market indicators that neighboring Jones County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Who lives in 39464 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 39464 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Ovett:
Market Trends
Home Value History (with trend line)
📊 How Does 39464 Compare?
| Metric | 39464 | Ovett | Laurel, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $173,824 | $173,824 | N/A | $186,446 |
| 5-Year CAGR | 2.1% | 2.1% | N/A | 4.0% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 39464 (Ovett, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $173,824 |
| Monthly Rent | $927 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +2.6% ▲ |
🏠 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 (4.2%). 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 39464
Population: 3,240
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,153 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Ovett, MS a good market for buy-and-hold investors?
Our data puts Ovett, MS at 3.0/5 for investability. Home prices of $174K and rents around $927/mo create a solid backdrop for investor activity.
How expensive is real estate in Ovett, MS?
Median home price in Ovett, MS is near $174K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What is the typical rental rate in Ovett, MS?
Investors in Ovett, MS typically see rents near $927/mo per month against $174K home values - a solid setup for rental cash flow.
How quickly do rentals get leased in Ovett, MS?
Ovett, MS carries elevated vacancy risk. Expect measured absorption at market rents of $927/mo.
Is the tenant base reliable in Ovett, MS?
The renter base in Ovett, MS is reasonable for the $927/mo price point. Screening well and pricing to market typically yields consistent tenants.
You know 39464 now. You don’t know where it ranks.
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How 39464 ranks in Laurel, MS
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