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Unlocking Investment Potential: A Guide to Rental Properties in Jackson County, MS
Written by:
Jeremy Werden
June 23, 2024
⚡️
Reveal your property’s rental profitability
Buy this property and list it on Airbnb.
Introduction
Investing in rental properties can be a lucrative endeavor, but the key to success lies in selecting the right property and, importantly, the right location. A good rental property typically boasts strong demand, offers a reasonable purchase price relative to potential rental income, and is situated in an area with growth potential. Location plays a pivotal role in the overall performance of a rental property, influencing factors like vacancy rates, rental prices, and appreciation.
Jackson County, Mississippi, offers a variety of attractive options for rental property investors. Known for its southern charm, coastal beauty, and vibrant communities, this region provides numerous opportunities for both seasoned and novice investors. This guide will delve into the best neighborhoods and areas in Jackson County, grading them on several critical factors to help you make an informed decision.
Best Neighborhoods and Areas in Jackson County, MS
1. Ocean Springs
Grades:
- Convenience: A
- Tourist Attractions: A
- Things to Do: A+
- Avg Home Prices: B
- Return on Investment: A
- Proximity to Work-Related Travel: B+
- X-Factor: A+
Convenience:
Ocean Springs is known for its excellent amenities, including top-rated schools, healthcare facilities, and shopping centers. The town’s layout makes it easy to get around, whether you’re commuting to work or running errands.
Tourist Attractions:
This area is a hotspot for tourists, thanks to its vibrant arts scene, historic downtown, and beautiful beaches. Attractions like the Walter Anderson Museum of Art and the nearby Gulf Islands National Seashore draw visitors year-round.
Things to Do:
From arts and culture to outdoor activities, Ocean Springs offers a diverse range of recreational options. The downtown area is bustling with shops, restaurants, and festivals, providing plenty of entertainment for residents and visitors alike.
Avg Home Prices:
While home prices in Ocean Springs are higher than some other areas in Jackson County, they are still relatively affordable compared to national averages. The median home price is around $250,000, making it accessible for many investors.
Return on Investment:
Due to its popularity and demand, Ocean Springs offers a strong return on investment for rental properties. The high occupancy rates and potential for property appreciation make it a smart choice.
Proximity to Work-Related Travel:
Ocean Springs is reasonably close to major employment centers, including hospitals, convention centers, and sports venues in nearby Biloxi and Pascagoula. This makes it a convenient location for professionals.
X-Factor:
What sets Ocean Springs apart is its unique blend of cultural richness, coastal beauty, and community spirit. The town’s dedication to preserving its artistic heritage and natural environment makes it a highly desirable place to live.
2. Gautier
Grades:
- Convenience: B+
- Tourist Attractions: B
- Things to Do: B
- Avg Home Prices: A
- Return on Investment: B+
- Proximity to Work-Related Travel: B+
- X-Factor: B
Convenience:
Gautier offers a range of amenities, including shopping centers, schools, and healthcare facilities. Its central location within Jackson County makes it a convenient choice for residents.
Tourist Attractions:
While not as tourist-heavy as Ocean Springs, Gautier has its share of attractions, such as the Shepard State Park and the Mississippi Sandhill Crane National Wildlife Refuge.
Things to Do:
Residents can enjoy outdoor activities like hiking, fishing, and boating. However, the entertainment and dining options are more limited compared to other areas in the county.
Avg Home Prices:
One of Gautier’s main advantages is its affordability. The median home price is around $150,000, making it an attractive option for investors looking for lower entry costs.
Return on Investment:
Gautier offers a solid return on investment, with steady rental demand and potential for property appreciation. The lower home prices allow for a better rental yield.
Proximity to Work-Related Travel:
The city is well-positioned for commuting to major job centers in Pascagoula and Biloxi, making it a convenient location for working professionals.
X-Factor:
Gautier’s charm lies in its natural beauty and laid-back atmosphere. The city’s focus on environmental preservation and outdoor recreation provides a unique living experience.
3. Pascagoula
Grades:
- Convenience: B
- Tourist Attractions: B-
- Things to Do: B
- Avg Home Prices: B+
- Return on Investment: B
- Proximity to Work-Related Travel: A
- X-Factor: B
Convenience:
Pascagoula offers essential amenities and services, including schools, healthcare, and shopping. Its compact layout makes it easy to navigate.
Tourist Attractions:
While not a major tourist destination, Pascagoula has points of interest such as the Round Island Lighthouse and various historical sites.
Things to Do:
The city offers recreational activities like boating and fishing, as well as a few cultural events and festivals throughout the year.
Avg Home Prices:
Home prices in Pascagoula are moderate, with a median price of around $180,000. This makes it a relatively affordable option for investors.
Return on Investment:
Pascagoula provides a decent return on investment, with stable rental demand driven by its industrial and shipbuilding sectors.
Proximity to Work-Related Travel:
The city’s proximity to major industrial employers like Ingalls Shipbuilding and Chevron refinery makes it ideal for workers in these sectors.
X-Factor:
Pascagoula’s unique appeal comes from its industrial heritage and waterfront location. The working waterfront and historic neighborhoods give it a distinctive character.
4. Moss Point
Grades:
- Convenience: B
- Tourist Attractions: C+
- Things to Do: B-
- Avg Home Prices: A
- Return on Investment: B
- Proximity to Work-Related Travel: B+
- X-Factor: B-
Convenience:
Moss Point has necessary amenities and services, although they may not be as extensive as in larger towns. The city is generally easy to navigate.
Tourist Attractions:
While not a primary tourist destination, Moss Point has attractions like the Pascagoula River Audubon Center, which draws nature enthusiasts.
Things to Do:
Outdoor activities are a highlight in Moss Point, with opportunities for kayaking, bird watching, and exploring nature trails.
Avg Home Prices:
Moss Point is one of the more affordable areas in Jackson County, with median home prices around $140,000. This low cost makes it attractive for budget-conscious investors.
Return on Investment:
The lower home prices in Moss Point allow for a higher rental yield, making it a good option for investors seeking strong cash flow.
Proximity to Work-Related Travel:
The city is close to major employment hubs in Pascagoula and has decent connectivity to other parts of the county.
X-Factor:
Moss Point’s appeal lies in its natural environment and tranquil lifestyle. The city’s commitment to preserving its wetlands and rivers offers a unique living experience.
Conclusion
Jackson County, MS, presents a variety of compelling options for rental property investors. Each area has its strengths and unique characteristics, making it essential to consider your investment goals and target tenant demographics when choosing a location. Whether you’re drawn to the cultural vibrancy of Ocean Springs, the affordability of Gautier, the industrial charm of Pascagoula, or the natural beauty of Moss Point, Jackson County has something to offer for every investor.
⚡️
Reveal your property’s rental profitability
Buy this property and list it on Airbnb.