Real Estate Investing in Ocean Springs, Mississippi (39564)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39564 (Ocean Springs, 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.
No major risk flags on the data we track.
What’s happening in Ocean Springs, MS (39564)?
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Market Analysis: 39564 Ocean Springs
The 39564 ZIP in Ocean Springs, MS is a local-operator market. Outside capital chasing a $268K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 39564 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
On balance, 39564 offers a low basis, the region around Ocean Springs has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 39564 ZIP's population of 42,295 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategy in 39564 is an operator game, not a passive one. On balance, entry prices of $268K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Ocean Springs:
Property Strategy for 39564
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $231,739 | $1,270 | 3.9% | +9.6% | $115,869 |
| 3BR | $240,833 | $1,720 | 5.1% | +7.7% | $80,278 |
| 4BR | $325,362 | $2,100 | 4.6% | +6.6% | $81,341 |
| 5BR | $455,261 | — | — | +7.6% | $91,052 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 39564 Compare?
| Metric | 39564 | Ocean Springs | Gulfport-Biloxi, MS | Mississippi |
|---|---|---|---|---|
| Home Value | $268,492 | $268,492 | N/A | $186,446 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 4.0% |
| Avg Rent | $1,619 | $1,619 | N/A | - |
| Cap Rate | 4.7% | 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 39564 (Ocean Springs, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $268,492 |
| Monthly Rent | $1,619 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | -3.2% ▼ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 39564
Population: 42,295
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 39564
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 Ocean Springs, MS a smart market for rental property?
Investors tracking Ocean Springs, MS will find a 3.0/5 rating supported by $268K median home values and $1,619/mo rents. That profile suits long-term holders targeting even-keeled returns.
What is it like being a landlord in Ocean Springs, MS?
Rental owners in Ocean Springs, MS deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the typical rental rate in Ocean Springs, MS?
Ocean Springs, MS rentals go for roughly $1,619/mo a month. That puts gross yield in solid territory relative to $268K acquisition costs.
Does a duplex house hack pencil in Ocean Springs, MS?
Ocean Springs, MS offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,619/mo rent level.
Do landlords face vacancy issues in Ocean Springs, MS?
Ocean Springs, MS sees elevated vacancy, which is reasonable relative to the broader MS rental market.
You know 39564 now. You don’t know where it ranks.
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How 39564 ranks in Gulfport-Biloxi, MS
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