Crystal Springs is home to the best residential real estate investment market in Mississippi.
The 39059 zip code in Crystal Springs presents the greatest opportunity for investors among the 580 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.
Top 5 Mississippi residential real estate markets
| Rank | City | InvestScore | Affordability | Property value appreciation |
|---|---|---|---|---|
| 1 | Crystal Springs | 100 | 2.2 | 27.09% |
| 2 | Mount Olive | 98.2 | 2.0 | 24.34% |
| 3 | Batesville | 94.7 | 3.0 | 55.22% |
| 4 | Caledonia | 94.6 | 2.9 | 33.40% |
| 5 | Byram | 93.6 | 2.8 | 41.15% |
Looking to buy or sell in Mississippi?
Considering investing in Crystal Springs, the hottest investment market in Mississippi (or another top market)? Own a property in Mount Olive, Batesville, or another part of Mississippi and are looking to sell? Let us match you with a top real estate agent in your city!
1. Crystal Springs
We've identified the 39059 zip code in Crystal Springs as Mississippi's best real estate investment market. Here's why.
🔎 Key data about Crystal Springs
| Data point | Value | Rank in state (of 580 markets) |
|---|---|---|
| Zip code | 39059 | N/A |
| InvestScore | 100 | Highest |
| Typical property value | $117,511[1] | 32nd lowest |
| Five-year appreciation | 27.09%[2] | 79th highest |
| Household income | $52,583[3] | 71st highest |
| Affordability ratio | 2.2 | 15th most affordable |
| Five-year population growth | 1.0%[4] | 63rd highest |
| Unemployment rate | 2.9%[5] | 15th lowest |
| Property taxes | $799[6] | 30th lowest |
| Educational attainment | 22.6%[7] | 52nd highest |
Crystal Springs (zip code 39059) is the best residential real estate investment market in Mississippi. It has the 79th highest property value appreciation among markets we evaluated, with a 27.09% appreciation of the typical property over the last five years.
Crystal Springs is the 15th most affordable market among the 580 Mississippi markets we evaluated, with an affordability ratio of 2.2.
2. Mount Olive
The 39119 zip code in Mount Olive is Mississippi's second-best residential real estate investment market.
🔎 Key data about Mount Olive
| Data point | Value | Rank in state (of 580 markets) |
|---|---|---|
| Zip code | 39119 | N/A |
| InvestScore | 98.2 | 2nd highest |
| Typical property value | $126,407[8] | 37th lowest |
| Five-year appreciation | 24.34%[9] | 92nd highest |
| Household income | $63,179[10] | 37th highest |
| Affordability ratio | 2.0 | 9th most affordable |
| Five-year population growth | 10.7%[11] | 22nd highest |
| Unemployment rate | 6.9%[12] | 90th lowest |
| Property taxes | $526[13] | 3rd lowest |
| Educational attainment | 18.5%[14] | 88th highest |
The 39119 zip code in Mount Olive features a typical property value of $126,407, the 37th lowest in the state.
Property values have appreciated 24.34% over the past five years, the 92nd highest increase among evaluated markets in the state. Mount Olive homes have an affordability ratio of 2.0, the 9th most affordable in the state.
3. Batesville
The 38606 zip code in Batesville comes in at No. 3 in our ranking of residential real estate investment markets in Mississippi.
🔎 Key data about Batesville
| Data point | Value | Rank in state (of 580 markets) |
|---|---|---|
| Zip code | 38606 | N/A |
| InvestScore | 94.7 | 3rd highest |
| Typical property value | $179,912[15] | 81st lowest |
| Five-year appreciation | 55.22%[16] | 3rd highest |
| Household income | $59,444[17] | 49th highest |
| Affordability ratio | 3.0 | 58th most affordable |
| Five-year population growth | 2.6%[18] | 56th highest |
| Unemployment rate | 6.2%[19] | 78th lowest |
| Property taxes | $830[20] | 37th lowest |
| Educational attainment | 22.2%[21] | 56th highest |
With a typical property value of $179,912, Batesville's 38606 zip code features the 81st lowest property values in the state.
Batesville homes have an affordability ratio of 3.0, the 58th most affordable among the markets we evaluated.
4. Caledonia
The 39740 zip code in Caledonia ranks No. 4 among Mississippi's residential real estate investment markets.
🔎 Key data about Caledonia
| Data point | Value | Rank in state (of 580 markets) |
|---|---|---|
| Zip code | 39740 | N/A |
| InvestScore | 94.6 | 4th highest |
| Typical property value | $238,980[22] | 122nd lowest |
| Five-year appreciation | 33.40%[23] | 61st highest |
| Household income | $83,419[24] | 61st highest |
| Affordability ratio | 2.9 | 42nd most affordable |
| Five-year population growth | 10.9%[25] | 20th highest |
| Unemployment rate | 2.4%[26] | 8th lowest |
| Property taxes | $730[27] | 22nd lowest |
| Educational attainment | 28.1%[28] | 33rd highest |
Property values in Caledonia's 39740 zip code have seen the 61st highest increase among evaluated markets in the state, with an appreciation of 33.40% over the past five years.
Caledonia's affordability ratio of 2.9 makes it the 42nd most affordable among the 580 markets we evaluated.
5. Byram
The 39272 zip code in Byram rounds out our top five residential real estate investment markets in Mississippi.
🔎 Key data about Byram
| Data point | Value | Rank in state (of 580 markets) |
|---|---|---|
| Zip code | 39272 | N/A |
| InvestScore | 93.6 | 5th highest |
| Typical property value | $202,242[29] | 98th lowest |
| Five-year appreciation | 41.15%[30] | 31st highest |
| Household income | $72,209[31] | 31st highest |
| Affordability ratio | 2.8 | 38th most affordable |
| Five-year population growth | 7.4%[32] | 31st highest |
| Unemployment rate | 4%[33] | 34th lowest |
| Property taxes | $1,343[34] | 108th lowest |
| Educational attainment | 34.9%[35] | 18th highest |
Property values in Byram's 39272 zip code rose 41.15% over the last five years, ranking the city 31st highest among evaluated markets in Mississippi.
Byram homes have an affordability ratio of 2.8, the 38th most affordable among the markets we evaluated.
How we rank residential real estate markets in Mississippi
We evaluated 580 markets on eight metrics, and then assigned an InvestScore based on their weighted and combined rankings. 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. We assign a weight of 20% to typical property values.
- 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. We assign a weight of 20% to property value appreciation.
- 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. We assign a weight of 10% to median household income. We assign a weight of 10% to median household income.
- 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. We assign a weight of 15% to the affordability ratio.
- 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. We assign a weight of 10% to population growth.
- 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. We assign a weight of 15% to unemployment rate.
- Property tax: This is the median real estate property tax paid in the area, according to U.S. Census estimates. We assign a weight of 10% to property tax.
- 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. We assign a weight of 15% to educational attainment.
Disclaimer: The information contained in this article isn't intended as, and shall not be understood or constituted as, financial advice. The information in this article isn't a substitute for financial advice from an investment professional or real estate agent who is aware of the facts and circumstances of your financial situation or the specifics of any individual property.
