Mississippi offers the lowest average home values in this entire 50-state report at $167,000 — creating some of the strongest gross yield potential of any state. Combined with landlord-friendly laws and 0.65% property taxes, GRM ratios in Jackson and Hattiesburg average 13–15×, Jackson itself runs under 11×, and the estimated cap rate in Jackson approaches 7% at a 45% expense ratio — compelling for yield-focused physician investors. Values are still rising ~3.8% YoY. Two caveats travel with the yield: lower median incomes statewide require more rigorous tenant screening than most comparable markets, and the Gulf Coast requires hurricane and flood insurance budgeted at $4,000–8,000+ per year. Treat that insurance quote like a second opinion — order it, along with the inspection, before the yield math has you falling for the pro forma.

Long-term rental markets

Jackson is the headline — homes near $128,000 renting around $975/mo (10.9× GRM, the best in the Mississippi report), anchored by the state capital and UMMC. Biloxi ($175,000, 13.9×) pairs casino employment with the Keesler AFB military LTR anchor. Tupelo ($158,000, 13.9×) runs on Toyota and North Mississippi Medical Center employment, and Hattiesburg ($168,000, 14.4×) is anchored by USM and Forrest General Hospital.

Short-term rental markets

Mississippi's STR niche is character-driven. Natchez ($185,000, ~$185/night) trades on historic antebellum tourism at the lowest STR entry in the state. Ocean Springs ($285,000, ~$195/night at 60% occupancy) is the artsy Gulf Coast gem, Bay St. Louis ($285,000, ~$175/night) is the rebuilt coastal arts colony, and Oxford ($355,000, ~$158/night) runs on Ole Miss game days and festival demand. All four carry moderate STR regulation — verify local rules, and add coastal insurance on the Gulf pair.

Up-and-coming markets

Starkville ($168,000) rides Mississippi State campus demand; Vicksburg ($148,000) pairs Civil War heritage with riverfront revitalization; and the Jackson-suburb pair of Flowood ($225,000) and Brandon ($248,000) offers suburban-quality tenants at accessible entries.

The bottom line for physician investors

Mississippi is a pure yield thesis: the lowest entry prices in the report, sub-11× GRM in Jackson, landlord-friendly law, and 0.65% property taxes. It works for physicians who pair that math with rigorous tenant screening — and who underwrite Gulf Coast insurance before the yield, not after. In a screening-intensive market, the local team you build will make or break the return. Dr Home Investor pairs you with vetted local team members, including a Realtor match with boots on the ground, instead of the blind Google search that squanders time better spent practicing.