Compare with
A cash-flow-lean market. Rents carry the return here rather than price growth.
What would change this read: price growth (median −6.8% YoY) outrunning rents would pull rent-to-price back under 0.8%/mo and weaken the cash-flow case. inventory, −10.7% YoY, is the number to watch.
The median listing price is down 6.8% YoY while the median home got up 3.7% bigger, so value per square foot is down 8.3%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
Not shown: 1 BR (no price per sq ft reported).
At the median, a $60K purchase rents for $1,000/mo: 1.68% of price per month against the 1% rule's 1.00%.
Not shown: 5 BR (sale only, no matching rent), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 16 days longer to go under contract than rentals (median across 2 property types).
Not shown: Apartment (rented here, not sold), Condo (rented here, not sold), Land (sold here, not rented).
Not shown: Condo (no rent per sq ft reported).
U.S. Census ACS characteristics for ZIP 39209 itself, not its parent county.
Renters hold 52.3% of this ZIP's 10,139 occupied households, on a median household income of $36K.
| Measure | ZIP 39209 | Hinds County | Difference |
|---|---|---|---|
| Median Household Income | $36K | $49K | -$13K |
| Below Poverty Level | 32.7% | 22.7% | +10.0% |
| Median Age | 36.80 | 36.90 | -0.10 |
| Total Population | 25,776 | 218,533 | -- |
| Avg Household Size | 2.50 | 2.34 | +0.16 |
| Owner-Occupied | 47.7% | 58.3% | -10.6% |
| Worked From Home | 8.4% | 8.6% | -0.2% |
| Mean Commute | 20.80 | 22.30 | -1.50 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 1.8% to 218,533: residents under 18 are down 2.6% and those 65 and over are up 2.1%.
County median household income is $49K, 22.7% of residents are below the poverty level, 8.6% work from home.