Real Estate Investing in Kokomo, Mississippi (39643)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 39643 (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: 24.4% of homes vacant — above national norms.
- Elevated poverty: 31.0% poverty rate — can affect rent collection.
- Lower household income: $36,200 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 (39643)?
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Market Analysis: 39643 Kokomo
Meanwhile, ZIP 39643 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $166K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 39643 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 39643's metrics run below Marion County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
From a cash-flow lens, 1,283 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.
Experienced landlords with local relationships tend to find 39643 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Kokomo:
Market Trends
Home Value History (with trend line)
📊 How Does 39643 Compare?
| Metric | 39643 | Kokomo | Mississippi |
|---|---|---|---|
| Home Value | $165,664 | $154,461 | $186,446 |
| 5-Year CAGR | 1.7% | 1.5% | 4.0% |
| Avg Rent | $918 | $932 | - |
| Cap Rate | 4.3% | 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 39643 (Kokomo, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $165,664 |
| Monthly Rent | $918 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +1.7% ▲ |
| 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 (4.3%). 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 39643
Population: 1,283
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
Frequently Asked Questions
What is the best play in Kokomo, MS?
Kokomo, MS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($166K prices, $918/mo rents) make it a reasonable choice.
How deep is the rental pool in Kokomo, MS?
Expect a solid tenant pool in Kokomo, MS. The rental market absorbs $918/mo rents without meaningful friction.
How much does a house cost in Kokomo, MS?
In Kokomo, MS the median home value sits at $166K. Against the broader MS market, that reads as reasonable for most investors.
Should investors consider Kokomo, MS?
The 3.0/5 investability rating in Kokomo, MS reflects its $166K prices and $918/mo rents. Investors generally consider it a solid option within MS.
Is MS a landlord-friendly state?
The landlord environment in Kokomo, MS is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
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