Mississippi
Panola County
ZIP 38622
32,965 residents7 permits TTM$43,990 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$121,500
ACS 5-Year
Cap rate proxy
8.5%
FMR × 0.65 ÷ Home Value
Rent-to-income
23.4%
HUD FMR ÷ ACS HHI
Net migration
+1.13%
IRS SOI
Permits (TTM)
7
Census BPS
Climate risk
69.2
FEMA NRI (0–100)
ZIP 38622
Median home value
$121,500
Gross yield
8.7%
Cap rate
8.5%
Rent gap
2.2%
Affordability
P/I: 2.8R/I: —
Section 8 detail
SAFMR: $878Rent: $859Gap: 2.2%
ZIP code breakdown7 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 38606 | $196,694 | $878 | 5.4% | 5.2% | 2.2% |
| 38619 | $176,619 | $878 | 6.0% | 5.8% | 2.2% |
| 38620 | $191,323 | $878 | 5.5% | 5.4% | 2.2% |
| 38621 | $121,500county est. | $878 | 8.7% | 8.5% | 2.2% |
| 38622 | $121,500county est. | $878 | 8.7% | 8.5% | 2.2% |
Ranked by composite score
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Demographics
Owner-occupied
68.8%
Census ACS
Vacancy rate
15.7%
Census ACS
Bachelor's degree +
15.5%
Census ACS
Rent burdened
41.8%
Census ACS (>30% income)
Median age
39.7
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