Mississippi
Monroe County
ZIP 38844
33,928 residents21 permits TTM$51,231 median HHI6 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$115,200
ACS 5-Year
Cap rate proxy
7.5%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.9%
HUD FMR ÷ ACS HHI
Net migration
+1.16%
IRS SOI
Permits (TTM)
21
Census BPS
Climate risk
68.5
FEMA NRI (0–100)
ZIP 38844
Median home value
$115,200
Gross yield
8.8%
Cap rate
7.5%
Rent gap
14.4%
Affordability
P/I: 2.2R/I: —
Section 8 detail
SAFMR: $842Rent: $721Gap: 16.8%
ZIP code breakdown6 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 38821 | $161,785 | $842 | 6.2% | 5.3% | 14.4% |
| 38844 | $115,200county est. | $842 | 8.8% | 7.5% | 14.4% |
| 38848 | $115,200county est. | $842 | 8.8% | 7.5% | 14.4% |
| 38870 | $179,211 | $842 | 5.6% | 4.8% | 14.4% |
| 39730 | $147,758 | $842 | 6.8% | 5.9% | 14.4% |
Ranked by composite score
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Demographics
Owner-occupied
76.7%
Census ACS
Vacancy rate
18.6%
Census ACS
Bachelor's degree +
16.4%
Census ACS
Rent burdened
40.8%
Census ACS (>30% income)
Median age
41.6
Census ACS
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