Investing in Mississippi
If you're looking for a great place to invest in rental properties, Mississippi is a great option. The Magnolia State has a rich history in Civil Rights, music, and medical advancements.
The Nophin team crunched the numbers and found the five best places to invest in Mississippi rental properties.
Statewide vacancy rates
Jackson is the capital of Mississippi and the largest city in the state.
- Population: 153,701
- Median household income: $40,064
- Median 1-bedroom monthly rent: $763
- Median listing home price: $150,000
Gulfport is the second largest city in Mississippi. The city's top employer is the US Navy's Naval Construction Battalion Center.
- Population: 72,926
- Median household income: $40,554
- Median 1-bedroom monthly rent: $900
- Median listing home price: $224,900
Hattiesburg is known as "Hub City" for the important highways (I-59, US 49, US98, US 11) and railroad lines crossing through the city.
- Population: 48,730
- Median household income: $36,111
- Median 1-bedroom monthly rent: $734
- Median listing home price: $238,200
Southaven, nestled south of Memphis, is one of the best places to live in Mississippi given its stellar education system and low cost of living.
- Population: 54,648
- Median household income: $63,321
- Median 1-bedroom monthly rent: $1,141
- Median listing home price: $299,900
Madison, a city north of the state capital Jackson, is one of Mississippi's thirteen Certified Retirement Communities. It offers a high quality of living for residents.
- Population: 27,747
- Median household income: $119,855
- Median 1-bedroom monthly rent: $1,825
- Median listing home price: $385,000
Nophin is landlord banking and software for rental properties
With FDIC-insured bank accounts and cards that seamlessly integrate with easy-to-use software, Nophin helps landlords increase returns and automate rental property finances. Check out what we offer on the Nophin homepage!
To help us determine the five best cities in all states, the Nophin team used data from several sources including the 2020 United States Census, the Department of Housing & Urban Development, Federal Reserve Economic Data (FRED), the National Association of REALTORS®, Zumper, internal data, and other reputable sources. Image by CHUCK KELLY, CC BY-SA 2.0.