Mississippi

Lee County

ZIP 38801

83,138 residents117 permits TTM$67,144 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$187,800

ACS 5-Year

Cap rate proxy

5.9%

FMR × 0.65 ÷ Home Value

Rent-to-income

16.6%

HUD FMR ÷ ACS HHI

Net migration

+1.49%

IRS SOI

Permits (TTM)

117

Census BPS

Climate risk

81.3

FEMA NRI (0–100)

ZIP 38801

Median home value

Gross yield

Cap rate

7.6%

Rent gap

Affordability

P/I: 2.9R/I: 22.1%

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown8 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
388687.2%
388627.2%
388795.9%
388045.8%
388017.6%

Ranked by composite score

ZIP comparison table. Showing 5 of 8 ZIPs. Sign up to see all.

Demographics

Owner-occupied

70.2%

Census ACS

Vacancy rate

15.2%

Census ACS

Bachelor's degree +

28.7%

Census ACS

Rent burdened

43.4%

Census ACS (>30% income)

Median age

37.7

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026