Mantachie is home to the best residential real estate investment market in Mississippi.
The 38855 zip code in Mantachie presents the greatest opportunity for the best real estate investments among the 2,124 individual real estate markets in Mississippi we evaluated. We looked at property values, population trends, and six other metrics for each market. We used that data to calculate each market's InvestScore.
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Data sources
Most of the data in this article comes from the Zillow Home Value Index and the U.S. Census American Community Survey.
We update our data when the original sources update their data, usually monthly. Sometimes we'll update data more frequently.
Clever also performs regular quality checks to identify outdated data, broken data connections, and other data issues that may arise.
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5 best places to invest in Mississippi
| Rank | City | InvestScore | Affordability | Property value appreciation |
|---|---|---|---|---|
| 1 | Mantachie | 100 | 2.3 | 30% |
| 2 | Leakesville | 92.3 | 2.1 | 38% |
| 3 | Amory | 83.3 | 2.7 | 33% |
| 4 | Hazlehurst | 82.2 | 2.6 | 22% |
| 5 | Pascagoula | 80.6 | 2.4 | 26% |
🚨 This article is for informational purposes only. It isn't intended to convey financial or legal advice. We recommend you talk to a real estate agent or real estate attorney when buying a home in Mississippi.
1. Mantachie
We've identified the 38855 zip code in Mantachie as Mississippi's best real estate investment market. Here's why.
🔎 Key data about Mantachie (38855)
| Data point | Value | Rank in state (of 2,124 markets) |
|---|---|---|
| InvestScore | 100 | Highest |
| Typical property value | $154,061[1] | 65th lowest |
| Five-year appreciation | 30%[2] | 34th highest |
| Household income | $68,307[3] | 33rd highest |
| Affordability ratio | 2.3 | 16th most affordable |
| Five-year population growth | 8.5%[4] | 5th highest |
| Unemployment rate | 1.7%[5] | lowest |
| Property taxes | $711[6] | 14th lowest |
| Educational attainment | 11%[7] | 112th highest |
Mantachie (zip code 38855) is the best residential real estate investment market in Mississippi. It has the 34th highest property value appreciation among markets we evaluated, with a 30% appreciation of the typical property over the last five years.
Mantachie is the 16th most affordable market among the 2,124 Mississippi markets we evaluated, with an affordability ratio of 2.3.
2. Leakesville
The 39451 zip code in Leakesville is the runner-up spot for the best real estate investments in Mississippi.
🔎 Key data about Leakesville (39451)
| Data point | Value | Rank in state (of 2,124 markets) |
|---|---|---|
| InvestScore | 92.3 | 2nd highest |
| Typical property value | $142,135[1] | 50th lowest |
| Five-year appreciation | 38%[2] | 7th highest |
| Household income | $67,576[3] | 36th highest |
| Affordability ratio | 2.1 | 13th most affordable |
| Five-year population growth | -8%[4] | 141st highest |
| Unemployment rate | 1.7%[5] | lowest |
| Property taxes | $758[6] | 20th lowest |
| Educational attainment | 12%[7] | 108th highest |
The 39451 zip code in Leakesville features a typical property value of $142,135, the 50th lowest in the state.
Property values have appreciated 38% over the past five years, the 7th highest increase among evaluated markets in the state. Leakesville homes have an affordability ratio of 2.1, the 13th most affordable in the state.
3. Amory
The 38821 zip code in Amory comes in at No. 3 in our ranking of the best residential real estate investment markets in Mississippi.
🔎 Key data about Amory (38821)
| Data point | Value | Rank in state (of 2,124 markets) |
|---|---|---|
| InvestScore | 83.3 | 3rd highest |
| Typical property value | $161,785[1] | 71st lowest |
| Five-year appreciation | 33%[2] | 18th highest |
| Household income | $58,834[3] | 60th highest |
| Affordability ratio | 2.7 | 46th most affordable |
| Five-year population growth | 1%[4] | 57th highest |
| Unemployment rate | 1.7%[5] | lowest |
| Property taxes | $963[6] | 50th lowest |
| Educational attainment | 20%[7] | 68th highest |
With a typical property value of $161,785, Amory's 38821 zip code features the 71st lowest property values in the state.
Amory homes have an affordability ratio of 2.7, the 46th most affordable among the markets we evaluated.
4. Hazlehurst
The 39083 zip code in Hazlehurst ranks No. 4 among Mississippi's residential real estate investment markets.
🔎 Key data about Hazlehurst (39083)
| Data point | Value | Rank in state (of 2,124 markets) |
|---|---|---|
| InvestScore | 82.2 | 4th highest |
| Typical property value | $116,893[1] | 27th lowest |
| Five-year appreciation | 22%[2] | 70th highest |
| Household income | $44,930[3] | 70th highest |
| Affordability ratio | 2.6 | 35th most affordable |
| Five-year population growth | 1.1%[4] | 52nd highest |
| Unemployment rate | 2.8%[5] | 2nd lowest |
| Property taxes | $800[6] | 24th lowest |
| Educational attainment | 24%[7] | 45th highest |
Property values in Hazlehurst's 39083 zip code have seen the 70th highest increase among evaluated markets in the state, with an appreciation of 22% over the past five years.
Hazlehurst's affordability ratio of 2.6 makes it the 35th most affordable among the 2,124 markets we evaluated.
5. Pascagoula
The 39567 zip code in Pascagoula rounds out our top five residential real estate investment markets in Mississippi.
🔎 Key data about Pascagoula (39567)
| Data point | Value | Rank in state (of 2,124 markets) |
|---|---|---|
| InvestScore | 80.6 | 5th highest |
| Typical property value | $148,682[1] | 59th lowest |
| Five-year appreciation | 26%[2] | 53rd highest |
| Household income | $62,254[3] | 53rd highest |
| Affordability ratio | 2.4 | 25th most affordable |
| Five-year population growth | 0.4%[4] | 63rd highest |
| Unemployment rate | 3%[5] | 3rd lowest |
| Property taxes | $1,001[6] | 56th lowest |
| Educational attainment | 21%[7] | 66th highest |
Property values in Pascagoula's 39567 zip code rose 26% over the last five years, ranking the city 53rd highest among evaluated markets in Mississippi.
Pascagoula homes have an affordability ratio of 2.4, the 25th most affordable among the markets we evaluated.
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Frequently asked questions
See our article Steps to Buying Your First Rental Property to learn the basics of real estate investing for beginners.
You'll learn the importance of setting goals, picking the right market, and more.
Cash investors often use what's called the 70% rule, which suggests they should pay around 70% of a house's after-repair value minus the cost of renovations.
By buying for about 70% of the after-repair value, they're positioning themselves to pay for repairs and other costs, and to lock in a profit.
The 70% rule isn’t a hard-and-fast formula, but a quick guideline investors use to evaluate potential deals.
Investing in residential real estate can be one of the best passive real estate investments in Mississippi.
Residential real estate offers accessible passive income and the potential to compound your original investment.
Renting out residential units is the top way to invest in real estate. House hacking also offers a great opportunity for passive real estate investment income.
How we rank residential real estate markets in Mississippi
To determine the best real estate investments in Mississippi we evaluated 2,124 markets on eight metrics, and then assigned an InvestScore based on a proprietary weighting framework. Each market corresponds to a specific zip code in Mississippi.
What is InvestScore?
InvestScore is a score on a scale of 0 (worst in state) to 100 (best in state) that estimates the residential real estate investment potential of a given market. It takes into account a suite of key data points for each city.
- Typical property value: This measures the typical home value in this zip code, according to the Zillow Home Value Index. It reflects the typical value for homes in the 35th to 65th percentile range, including all homes, with the numbers smoothed and seasonally adjusted. We prefer lower property values, which indicate both more room for growth and a greater ease of purchase.
- Property value appreciation: This measures how much property values have increased in the area over the past five years, according to the Zillow Home Value Index. We prefer a higher appreciation, as it indicates better returns on housing. However, past performance isn't indicative of future results.
- Median household income: This is the inflation-adjusted median household income in the zip code, according to U.S. Census American Community Survey data. We prefer a higher household income, as it indicates local residents have more income to spend on housing.
- Affordability ratio: This is the ratio of the typical home value to the median household income in the area. A lower ratio is better because it means more households can afford a home, which indicates higher demand.
- Population growth: This is how much the area's population has grown over the past five years, according to U.S. Census estimates. Higher is better, as it indicates residents are moving into the area at a rapid clip.
- Unemployment rate: This is the unemployment rate in the area, according to U.S. Census data. We prefer a lower rate, as it indicates the availability of steady employment in the area, meaning residents will find it much easier to afford homes.
- Property tax: This is the median real estate property tax paid in the area, according to U.S. Census estimates.
- Educational attainment: This is the percentage of residents in the area that have obtained a bachelor's degree or better, according to U.S. Census estimates. We prefer a higher rate because it indicates local residents who have higher earning potential and thus should be able to afford homes.
