Mississippi
With affordable property values, strong rental yields and steady demand across various markets, Mississippi is quickly becoming a favorite spot for first-time and seasoned SFR investors to break in without overextending their capital. Whether you’re focusing on short- or long-term rentals, Mississippi offers different types of markets to align with your investment goals and maximize returns.
Markets like Hattiesburg, Southaven and Jackson have all experienced steady year-over-year growth in average SFR rents. Hattiesburg led the way with a 6.6% increase, pushing average rents to $1,542. Southaven followed with a 5.4% jump to $1,787, while Jackson saw a more modest 1.0% rise, bringing average rents to $1,1971.
While markets like Jackson have immense upside for both STRs and LTRs, Gulfport stands out as a market with the most potential. Gulfport scored 99 out of 100 on AirDNA’s investability metric. Their data shows investors earn an average annual revenue of $33,900, up 6% YoY2. For SFR investors looking to maximize returns in an affordable market, Gulfport is a solid option.
Visio Lending is Mississppi’s premier DSCR lender. SFR investors turn to us for fast, dependable and flexible financing solutions to help them scale their rental portfolios in this growing market.
Sources:
1: Rentometer
2: AirDNA
