Real Estate Investing in Kokomo, Mississippi (39483)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39483 (Kokomo, 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: 17.6% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.3% CAGR).
- Higher unemployment: 10.5% unemployment — tenant risk signal.
- Lower household income: $36,296 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 Kokomo, MS (39483)?
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Market Analysis: 39483 Kokomo
Investors eyeing 39483 need to respect the fundamentals at play. Home values of $143K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $143K asset, 39483 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 39483 and stronger Kokomo ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 39483 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Kokomo's stable or hybrid ZIPs before stepping into 39483. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Kokomo:
Market Trends
Home Value History (with trend line)
📊 How Does 39483 Compare?
| Metric | 39483 | Kokomo | Mississippi |
|---|---|---|---|
| Home Value | $143,258 | $154,461 | $186,446 |
| 5-Year CAGR | 1.3% | 1.5% | 4.0% |
| Avg Rent | $945 | $932 | - |
| Cap Rate | 5.2% | 4.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 39483 (Kokomo, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $143,258 |
| Monthly Rent | $945 |
| Price-to-Rent | 12.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.2% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +1.3% ▲ |
| 10-Year CAGR | +2.4% ▲ |
🏠 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 (5.2%). 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 39483
Population: 5,003
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 39483
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 Kokomo, MS a good market for buy-and-hold investors?
The 3.0/5 investability rating in Kokomo, MS reflects its $143K prices and $945/mo rents. Investors generally consider it a solid option within MS.
What kind of vacancy should I budget for in Kokomo, MS?
Kokomo, MS carries elevated vacancy risk. Expect reliable absorption at market rents of $945/mo.
What investment strategy works best in Kokomo, MS?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Kokomo, MS. The numbers - $143K homes against $945/mo rents - support that play.
What does house hacking look like in Kokomo, MS?
Kokomo, MS is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $143K price point reasonable to enter.
How much is rent in Kokomo, MS?
Investors in Kokomo, MS typically see rents near $945/mo per month against $143K home values - a solid setup for rental cash flow.
You know 39483 now. You don’t know where it ranks.
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