Ultimate Clay County Real Estate Investing Guide for 2024
Overview
Clay County Real Estate Investing Market Overview
For the ten-year period, the annual growth of the population in Clay County has averaged . By comparison, the average rate during that same period was for the full state, and nationally.
Clay County has seen an overall population growth rate throughout that cycle of , when the state’s overall growth rate was , and the national growth rate over ten years was .
Property market values in Clay County are illustrated by the present median home value of . In contrast, the median value for the state is , while the national median home value is .
The appreciation rate for homes in Clay County during the most recent ten years was annually. Through this cycle, the annual average appreciation rate for home values for the state was . Across the nation, the average yearly home value increase rate was .
For renters in Clay County, median gross rents are , in comparison to throughout the state, and for the nation as a whole.
Clay County Real Estate Investing Highlights
Clay County Top Highlights
https://housecashin.com/investing-guides/investing-clay-county-ms/#top_highlights_3
Strategies
Strategy Selection
When you’re considering a possible investment market, your review should be directed by your investment strategy.
Below are concise instructions illustrating what factors to contemplate for each investor type. This will guide you to estimate the information furnished further on this web page, as required for your preferred program and the relevant set of factors.
There are location basics that are important to all sorts of investors. These combine crime statistics, highways and access, and regional airports among other features. When you look into the data of the market, you should zero in on the categories that are crucial to your specific real property investment.
Events and features that attract visitors are significant to short-term rental investors. Fix and flip investors will notice the Days On Market data for properties for sale. They need to understand if they can manage their costs by unloading their refurbished properties quickly.
Rental property investors will look carefully at the local job data. They need to observe a diversified jobs base for their possible tenants.
When you are undecided about a method that you would want to try, consider gaining guidance from property investment coaches in Clay County MS. It will also help to enlist in one of real estate investment groups in Clay County MS and appear at property investor networking events in Clay County MS to look for advice from several local professionals.
Let’s take a look at the different kinds of real property investors and stats they know to hunt for in their market investigation.
Active Real Estate Investment Strategies
Buy and Hold
This investment plan involves acquiring a building or land and holding it for a significant period of time. Their income calculation includes renting that investment property while it’s held to maximize their income.
At a later time, when the market value of the property has improved, the investor has the option of selling the investment property if that is to their benefit.
An outstanding professional who ranks high on the list of Clay County realtors serving real estate investors will guide you through the details of your desirable real estate investment area. The following instructions will outline the items that you should incorporate into your investment plan.
Factors to Consider
Property Appreciation Rate
This is an essential yardstick of how solid and blooming a real estate market is. You must find a reliable annual growth in investment property market values. Long-term property appreciation is the basis of your investment plan. Markets that don’t have growing housing values won’t meet a long-term investment profile.
Population Growth
If a location’s population is not growing, it evidently has less need for housing. Weak population increase contributes to decreasing property value and rental rates. A declining market can’t make the improvements that can bring moving companies and workers to the market. A site with poor or declining population growth should not be in your lineup. Hunt for cities with stable population growth. Both long-term and short-term investment metrics are helped by population growth.
Property Taxes
Real estate taxes greatly impact a Buy and Hold investor’s revenue. You are looking for a location where that expense is reasonable. Steadily expanding tax rates will typically keep growing. High real property taxes indicate a decreasing economy that will not retain its existing citizens or attract new ones.
Some parcels of property have their value erroneously overestimated by the area authorities. If this circumstance unfolds, a firm from our directory of Clay County property tax appeal companies will take the situation to the municipality for reconsideration and a conceivable tax value cutback. Nevertheless, in extraordinary circumstances that obligate you to go to court, you will want the help from property tax appeal attorneys in Clay County MS.
Price to rent ratio
Price to rent ratio (p/r) is computed by dividing the median property price by the annual median gross rent. A low p/r shows that higher rents can be set. You need a low p/r and larger rents that can repay your property faster. You do not want a p/r that is so low it makes buying a residence cheaper than renting one. You might give up renters to the home purchase market that will cause you to have unused properties. But typically, a smaller p/r is preferable to a higher one.
Median Gross Rent
Median gross rent can tell you if a location has a durable rental market. You want to find a steady gain in the median gross rent over time.
Median Population Age
Median population age is a portrait of the extent of a community’s workforce that corresponds to the extent of its lease market. If the median age equals the age of the community’s labor pool, you will have a good pool of renters. An older population will become a drain on community resources. An aging populace can culminate in larger real estate taxes.
Employment Industry Diversity
When you are a Buy and Hold investor, you search for a diverse job base. A variety of industries stretched across numerous businesses is a solid employment base. This prevents the stoppages of one business category or company from harming the entire rental housing business. You don’t want all your tenants to lose their jobs and your rental property to lose value because the single major employer in the community shut down.
Unemployment Rate
A steep unemployment rate suggests that not many people can manage to lease or purchase your investment property. Existing renters can go through a tough time paying rent and new renters might not be much more reliable. The unemployed lose their purchasing power which hurts other companies and their workers. Companies and people who are contemplating relocation will look in other places and the area’s economy will suffer.
Income Levels
Income levels will provide a good picture of the location’s capacity to support your investment program. Buy and Hold investors research the median household and per capita income for specific pieces of the market in addition to the community as a whole. Growth in income signals that tenants can make rent payments on time and not be intimidated by gradual rent escalation.
Number of New Jobs Created
The number of new jobs opened on a regular basis helps you to estimate an area’s forthcoming economic prospects. A strong source of tenants requires a growing job market. The addition of new jobs to the workplace will enable you to retain acceptable tenancy rates as you are adding new rental assets to your investment portfolio. Additional jobs make a community more attractive for settling down and buying a property there. Higher need for laborers makes your investment property value grow before you want to liquidate it.
School Ratings
School reputation will be an important factor to you. Moving businesses look carefully at the quality of local schools. The condition of schools is a serious motive for families to either remain in the region or relocate. An unreliable supply of tenants and homebuyers will make it difficult for you to obtain your investment goals.
Natural Disasters
When your plan is contingent on your ability to unload the investment once its worth has improved, the real property’s superficial and architectural status are important. So, attempt to bypass markets that are periodically impacted by natural catastrophes. Nonetheless, your P&C insurance needs to cover the property for destruction created by events such as an earth tremor.
To prevent real estate costs caused by tenants, look for assistance in the list of good Clay County landlord insurance agencies.
Long Term Rental (BRRRR)
A long-term wealth growing plan that involves Buying an asset, Refurbishing, Renting, Refinancing it, and Repeating the procedure by using the capital from the refinance is called BRRRR. When you intend to increase your investments, the BRRRR is an excellent strategy to use. A critical component of this strategy is to be able to do a “cash-out” mortgage refinance.
You add to the value of the asset beyond what you spent buying and renovating the asset. Then you remove the equity you generated out of the property in a “cash-out” refinance. You acquire your next investment property with the cash-out amount and do it all over again. You add improving investment assets to the portfolio and lease revenue to your cash flow.
If an investor owns a significant collection of real properties, it makes sense to hire a property manager and designate a passive income source. Locate Clay County property management firms when you go through our directory of experts.
Factors to Consider
Population Growth
The expansion or fall of the population can signal if that location is desirable to rental investors. When you see vibrant population increase, you can be certain that the region is attracting possible tenants to it. Businesses view this as an appealing region to move their company, and for employees to relocate their households. Rising populations maintain a reliable renter mix that can keep up with rent growth and home purchasers who help keep your investment property values up.
Property Taxes
Property taxes, upkeep, and insurance expenses are considered by long-term rental investors for calculating expenses to estimate if and how the investment strategy will be viable. Investment property situated in steep property tax areas will bring weaker returns. High real estate taxes may predict an unstable area where expenditures can continue to rise and must be considered a warning.
Price to Rent Ratio
The price to rent ratio (p/r) is an illustration of how much rent can be collected compared to the purchase price of the asset. If median property prices are strong and median rents are weak — a high p/r — it will take longer for an investment to pay for itself and attain profitability. You want to see a low p/r to be assured that you can set your rental rates high enough for acceptable profits.
Median Gross Rents
Median gross rents are a significant illustration of the strength of a rental market. Hunt for a continuous expansion in median rents year over year. Dropping rents are a red flag to long-term rental investors.
Median Population Age
Median population age will be nearly the age of a typical worker if a market has a consistent supply of renters. This could also illustrate that people are migrating into the market. If you see a high median age, your stream of tenants is going down. This isn’t promising for the future economy of that area.
Employment Base Diversity
A higher supply of employers in the market will increase your prospects for success. When the locality’s workpeople, who are your renters, are spread out across a diverse number of employers, you cannot lose all of your renters at once (together with your property’s market worth), if a significant company in the location goes bankrupt.
Unemployment Rate
It is not possible to maintain a steady rental market when there are many unemployed residents in it. Out-of-work residents cease being customers of yours and of related companies, which causes a domino effect throughout the community. This can generate a high amount of dismissals or shorter work hours in the location. Current tenants may become late with their rent in this situation.
Income Rates
Median household and per capita income will let you know if the tenants that you require are living in the community. Your investment planning will take into consideration rent and property appreciation, which will be dependent on salary raise in the region.
Number of New Jobs Created
The robust economy that you are hunting for will be generating a large amount of jobs on a consistent basis. An economy that creates jobs also boosts the number of stakeholders in the housing market. This guarantees that you will be able to keep a sufficient occupancy rate and purchase more assets.
School Ratings
The ranking of school districts has a significant effect on real estate values throughout the area. Well-endorsed schools are a requirement of companies that are looking to relocate. Relocating businesses bring and draw potential tenants. Homebuyers who relocate to the region have a beneficial impact on real estate values. For long-term investing, be on the lookout for highly endorsed schools in a considered investment location.
Property Appreciation Rates
Good property appreciation rates are a requirement for a profitable long-term investment. Investing in assets that you aim to hold without being certain that they will grow in value is a blueprint for failure. Weak or dropping property worth in a region under assessment is unacceptable.
Short Term Rentals
A short-term rental is a furnished apartment or house where a tenant lives for shorter than 30 days. The nightly rental prices are usually higher in short-term rentals than in long-term rental properties. Because of the high rotation of tenants, short-term rentals entail additional regular maintenance and sanitation.
Home sellers standing by to close on a new property, tourists, and individuals traveling on business who are stopping over in the community for about week prefer to rent a residential unit short term. Any homeowner can transform their property into a short-term rental with the services made available by online home-sharing portals like VRBO and AirBnB. This makes short-term rental strategy a convenient way to endeavor residential property investing.
The short-term property rental venture involves interaction with renters more often compared to annual rental units. This dictates that landlords face disputes more frequently. Consider controlling your liability with the assistance of one of the top real estate lawyers in Clay County MS.
Factors to Consider
Short-Term Rental Income
You must define the level of rental income you’re searching for according to your investment strategy. A quick look at an area’s current standard short-term rental rates will tell you if that is a good area for your plan.
Median Property Prices
Carefully assess the amount that you want to spend on new real estate. Look for communities where the budget you prefer is appropriate for the existing median property worth. You can calibrate your location search by analyzing the median price in particular neighborhoods.
Price Per Square Foot
Price per sq ft can be affected even by the look and floor plan of residential units. If you are looking at the same types of property, like condos or detached single-family homes, the price per square foot is more consistent. Price per sq ft can be a fast way to gauge different communities or buildings.
Short-Term Rental Occupancy Rate
The necessity for more rentals in a city may be determined by studying the short-term rental occupancy rate. A city that needs more rental properties will have a high occupancy rate. If the rental occupancy rates are low, there isn’t much demand in the market and you should search somewhere else.
Short-Term Rental Cash-on-Cash Return
Cash-on-cash return is a way to calculate the value of an investment plan. Divide the Net Operating Income (NOI) by the amount of cash put in. The percentage you get is your cash-on-cash return. If a project is lucrative enough to pay back the capital spent quickly, you will get a high percentage. When you get financing for part of the investment and spend less of your money, you will see a higher cash-on-cash return.
Average Short-Term Rental Capitalization (Cap) Rates
Average short-term rental capitalization (cap) rates are commonly employed by real property investors to calculate the value of investment opportunities. An investment property that has a high cap rate and charges average market rental prices has a strong value. If cap rates are low, you can assume to spend more money for rental units in that location. The cap rate is calculated by dividing the Net Operating Income (NOI) by the purchase price or market worth. This shows you a percentage that is the annual return, or cap rate.
Local Attractions
Short-term rental units are popular in areas where tourists are attracted by events and entertainment spots. When an area has sites that annually produce sought-after events, such as sports stadiums, universities or colleges, entertainment centers, and theme parks, it can invite people from other areas on a recurring basis. Must-see vacation sites are located in mountainous and beach points, along waterways, and national or state nature reserves.
Fix and Flip
When a property investor purchases a property cheaper than its market worth, rehabs it so that it becomes more valuable, and then liquidates it for a return, they are called a fix and flip investor. To keep the business profitable, the flipper has to pay below market worth for the property and calculate what it will take to repair the home.
Investigate the housing market so that you understand the accurate After Repair Value (ARV). Locate a city that has a low average Days On Market (DOM) metric. As a “house flipper”, you will want to liquidate the upgraded home without delay so you can avoid upkeep spendings that will lower your revenue.
To help distressed home sellers locate you, enter your business in our lists of home cash buyers in Clay County MS and real estate investing companies in Clay County MS.
Also, search for top bird dogs for real estate investors in Clay County MS. Experts on our list focus on securing desirable investment opportunities while they’re still off the market.
Factors to Consider
Median Home Price
When you hunt for a profitable market for property flipping, examine the median housing price in the community. You’re looking for median prices that are low enough to indicate investment possibilities in the city. This is an important element of a lucrative investment.
If your investigation indicates a sudden weakening in home market worth, it could be a sign that you will discover real estate that fits the short sale requirements. You will hear about potential opportunities when you partner up with Clay County short sale facilitators. Find out how this is done by reviewing our guide — How Does Buying a Short Sale Home Work?.
Property Appreciation Rate
Dynamics relates to the direction that median home market worth is going. Steady surge in median values demonstrates a strong investment environment. Accelerated property value surges can show a value bubble that is not reliable. You may end up purchasing high and selling low in an unstable market.
Average Renovation Costs
Look closely at the possible repair costs so you’ll find out if you can achieve your projections. Other spendings, like permits, may inflate your budget, and time which may also turn into an added overhead. You have to know if you will have to hire other professionals, such as architects or engineers, so you can get prepared for those costs.
Population Growth
Population increase is a strong indication of the potential or weakness of the location’s housing market. When the number of citizens isn’t going up, there isn’t going to be an ample source of purchasers for your houses.
Median Population Age
The median citizens’ age will also tell you if there are enough home purchasers in the region. It should not be less or higher than that of the typical worker. These are the people who are qualified homebuyers. The needs of retirees will most likely not fit into your investment project plans.
Unemployment Rate
If you find an area with a low unemployment rate, it’s a good indication of profitable investment possibilities. The unemployment rate in a future investment city should be less than the country’s average. When it is also lower than the state average, that’s even more desirable. Without a robust employment environment, a city won’t be able to supply you with qualified homebuyers.
Income Rates
Median household and per capita income are a great indicator of the stability of the real estate conditions in the city. Most families have to get a loan to purchase real estate. To obtain approval for a home loan, a person should not be using for monthly repayments greater than a particular percentage of their income. You can figure out based on the market’s median income if many people in the community can manage to purchase your houses. Scout for places where wages are improving. Construction costs and home prices increase over time, and you want to know that your prospective customers’ salaries will also improve.
Number of New Jobs Created
Finding out how many jobs are generated per annum in the region can add to your assurance in an area’s investing environment. Residential units are more effortlessly sold in an area that has a dynamic job environment. Additional jobs also lure employees migrating to the city from elsewhere, which also reinforces the real estate market.
Hard Money Loan Rates
Fix-and-flip property investors normally borrow hard money loans instead of traditional financing. Hard money funds allow these buyers to take advantage of current investment opportunities without delay. Find top-rated hard money lenders in Clay County MS so you can review their fees.
People who aren’t well-versed in regard to hard money loans can discover what they should learn with our detailed explanation for newbies — What Does Hard Money Mean?.
Wholesaling
Wholesaling is a real estate investment approach that requires scouting out properties that are desirable to real estate investors and putting them under a purchase contract. When an investor who approves of the property is spotted, the contract is assigned to them for a fee. The property is sold to the real estate investor, not the real estate wholesaler. The wholesaler doesn’t liquidate the residential property — they sell the contract to purchase it.
The wholesaling method of investing includes the engagement of a title insurance firm that comprehends wholesale purchases and is informed about and involved in double close purchases. Find title companies that work with investors in Clay County MS on our website.
Our complete guide to wholesaling can be viewed here: A-to-Z Guide to Property Wholesaling. As you go about your wholesaling venture, insert your company in HouseCashin’s directory of Clay County top investment property wholesalers. This will help your potential investor buyers find and contact you.
Factors to Consider
Median Home Prices
Median home values are key to locating cities where properties are selling in your real estate investors’ price range. A region that has a good source of the below-market-value investment properties that your customers require will have a below-than-average median home price.
A quick decrease in the price of property may cause the swift appearance of houses with more debt than value that are wanted by wholesalers. Wholesaling short sale houses repeatedly carries a list of uncommon perks. Nonetheless, there may be risks as well. Find out more regarding wholesaling short sale properties from our comprehensive guide. When you’ve determined to attempt wholesaling these properties, be sure to employ someone on the directory of the best short sale attorneys in Clay County MS and the best foreclosure lawyers in Clay County MS to assist you.
Property Appreciation Rate
Property appreciation rate enhances the median price data. Real estate investors who plan to keep real estate investment properties will need to see that housing purchase prices are steadily appreciating. Shrinking prices indicate an equally weak rental and housing market and will scare away real estate investors.
Population Growth
Population growth stats are a contributing factor that your potential real estate investors will be familiar with. If they realize the population is growing, they will decide that new residential units are required. There are more individuals who rent and additional customers who buy houses. A location that has a dropping population does not interest the investors you require to buy your contracts.
Median Population Age
Real estate investors need to work in a dynamic property market where there is a considerable source of tenants, first-time homebuyers, and upwardly mobile locals purchasing better properties. For this to be possible, there needs to be a solid workforce of potential renters and homeowners. When the median population age mirrors the age of employed residents, it signals a strong housing market.
Income Rates
The median household and per capita income should be improving in a promising residential market that real estate investors prefer to participate in. Increases in rent and asking prices will be supported by rising salaries in the region. That will be crucial to the property investors you want to work with.
Unemployment Rate
Real estate investors will take into consideration the region’s unemployment rate. High unemployment rate triggers a lot of renters to pay rent late or miss payments entirely. Long-term real estate investors who count on timely lease payments will lose money in these places. Renters can’t step up to ownership and current homeowners cannot liquidate their property and shift up to a bigger residence. This is a problem for short-term investors purchasing wholesalers’ contracts to renovate and resell a property.
Number of New Jobs Created
The frequency of jobs created on a yearly basis is a crucial component of the residential real estate framework. Job generation suggests more employees who need a place to live. Whether your buyer supply is comprised of long-term or short-term investors, they will be drawn to a location with stable job opening production.
Average Renovation Costs
Rehab costs will be crucial to many investors, as they usually acquire bargain rundown homes to fix. Short-term investors, like home flippers, won’t reach profitability if the price and the improvement expenses equal to more money than the After Repair Value (ARV) of the house. Give priority status to lower average renovation costs.
Mortgage Note Investing
Note investing means buying a loan (mortgage note) from a mortgage holder for less than the balance owed. The debtor makes subsequent mortgage payments to the mortgage note investor who has become their current mortgage lender.
Loans that are being paid on time are referred to as performing loans. Performing loans earn you stable passive income. Investors also invest in non-performing mortgage notes that the investors either restructure to help the debtor or foreclose on to obtain the collateral less than market worth.
One day, you might produce a selection of mortgage note investments and be unable to manage them alone. If this happens, you might pick from the best loan servicers in Clay County MS which will make you a passive investor.
Should you determine that this model is best for you, place your company in our list of Clay County top real estate note buying companies. Showing up on our list sets you in front of lenders who make profitable investment opportunities accessible to note investors such as you.
Factors to consider
Foreclosure Rates
Performing loan investors are on lookout for areas having low foreclosure rates. Non-performing note investors can cautiously make use of locations with high foreclosure rates too. The locale ought to be active enough so that note investors can complete foreclosure and resell properties if necessary.
Foreclosure Laws
Mortgage note investors want to know the state’s regulations concerning foreclosure before investing in mortgage notes. Many states require mortgage paperwork and some utilize Deeds of Trust. Lenders may need to get the court’s okay to foreclose on a house. Lenders do not need the judge’s agreement with a Deed of Trust.
Mortgage Interest Rates
Note investors take over the interest rate of the loan notes that they obtain. Your mortgage note investment return will be affected by the mortgage interest rate. Interest rates impact the strategy of both types of note investors.
Conventional lenders price different mortgage interest rates in various parts of the country. Private loan rates can be moderately more than traditional loan rates because of the higher risk taken on by private lenders.
A mortgage loan note investor should be aware of the private and traditional mortgage loan rates in their areas at any given time.
Demographics
A market’s demographics information help mortgage note investors to streamline their efforts and effectively distribute their assets. It’s essential to know if a suitable number of people in the market will continue to have good employment and wages in the future.
Mortgage note investors who specialize in performing notes seek places where a high percentage of younger people hold good-paying jobs.
Non-performing note investors are looking at related components for different reasons. A resilient local economy is prescribed if they are to reach homebuyers for properties they’ve foreclosed on.
Property Values
As a mortgage note investor, you must try to find deals with a cushion of equity. When the property value is not significantly higher than the loan balance, and the mortgage lender decides to start foreclosure, the house might not sell for enough to repay the lender. As loan payments lessen the balance owed, and the value of the property appreciates, the homeowner’s equity increases.
Property Taxes
Usually borrowers pay real estate taxes through lenders in monthly portions while sending their mortgage loan payments. By the time the property taxes are due, there should be enough funds being held to pay them. The mortgage lender will have to take over if the payments stop or they risk tax liens on the property. Property tax liens go ahead of any other liens.
If property taxes keep going up, the homebuyer’s house payments also keep going up. Overdue borrowers may not have the ability to keep paying rising loan payments and might cease paying altogether.
Real Estate Market Strength
A city with increasing property values offers strong opportunities for any mortgage note buyer. As foreclosure is an important component of note investment planning, increasing real estate values are important to discovering a strong investment market.
A growing market could also be a potential area for creating mortgage notes. This is a desirable stream of revenue for successful investors.
Passive Real Estate Investment Strategies
Syndications
When investors collaborate by investing money and organizing a company to own investment property, it’s called a syndication. The syndication is arranged by a person who enlists other individuals to participate in the venture.
The individual who pulls everything together is the Sponsor, often called the Syndicator. He or she is responsible for managing the purchase or development and generating revenue. This member also manages the business matters of the Syndication, including investors’ dividends.
The rest of the participants are passive investors. In exchange for their money, they get a first position when income is shared. These partners have nothing to do with overseeing the partnership or supervising the operation of the property.
Factors to consider
Real Estate Market
The investment strategy that you use will dictate the market you choose to enroll in a Syndication. For help with finding the crucial factors for the approach you prefer a syndication to adhere to, return to the earlier information for active investment approaches.
Sponsor/Syndicator
If you are thinking about becoming a passive investor in a Syndication, make sure you look into the transparency of the Syndicator. Look for someone who can show a record of successful ventures.
He or she may or may not place their funds in the deal. But you need them to have skin in the game. Sometimes, the Sponsor’s investment is their effort in discovering and developing the investment opportunity. In addition to their ownership percentage, the Syndicator may be paid a fee at the start for putting the deal together.
Ownership Interest
Every stakeholder holds a piece of the partnership. Everyone who invests capital into the company should expect to own more of the partnership than members who do not.
If you are putting funds into the venture, expect preferential treatment when income is shared — this increases your results. The portion of the capital invested (preferred return) is paid to the investors from the income, if any. All the shareholders are then issued the remaining profits calculated by their portion of ownership.
If partnership assets are liquidated for a profit, the money is distributed among the participants. In a strong real estate environment, this can provide a substantial increase to your investment results. The partnership’s operating agreement determines the ownership structure and how partners are dealt with financially.
REITs
A REIT, or Real Estate Investment Trust, means a firm that makes investments in income-generating assets. Before REITs appeared, investing in properties was considered too costly for many citizens. REIT shares are not too costly to most investors.
Shareholders’ involvement in a REIT classifies as passive investing. Investment risk is spread throughout a portfolio of properties. Shares in a REIT may be sold when it is agreeable for you. Members in a REIT aren’t able to recommend or choose real estate for investment. You are restricted to the REIT’s selection of assets for investment.
Real Estate Investment Funds
A Real Estate Investment Fund is a mutual fund that owns stocks of real estate firms. The investment real estate properties are not possessed by the fund — they’re held by the companies in which the fund invests. These funds make it possible for additional people to invest in real estate. Investment funds are not required to distribute dividends unlike a REIT. Like any stock, investment funds’ values go up and decrease with their share market value.
Investors may pick a fund that focuses on particular segments of the real estate industry but not particular locations for individual real estate property investment. As passive investors, fund members are satisfied to allow the administration of the fund make all investment choices.
Housing
Clay County Housing 2024
In Clay County, the median home market worth is , while the state median is , and the US median market worth is .
The yearly residential property value appreciation percentage has averaged over the last 10 years. In the whole state, the average yearly value growth percentage during that timeframe has been . The ten year average of yearly home appreciation across the country is .
As for the rental residential market, Clay County has a median gross rent of . The median gross rent level statewide is , while the US median gross rent is .
The homeownership rate is in Clay County. of the total state’s population are homeowners, as are of the population throughout the nation.
The leased residential real estate occupancy rate in Clay County is . The whole state’s supply of leased properties is occupied at a rate of . Throughout the United States, the rate of tenanted residential units is .
The occupied percentage for residential units of all sorts in Clay County is , with a comparable unoccupied rate of .
Real Estate Trends
Clay County Home Appreciation Rates
https://housecashin.com/investing-guides/investing-clay-county-ms/#home_appreciation_rates_10
Clay County Home Value
https://housecashin.com/investing-guides/investing-clay-county-ms/#home_value_10
Clay County Median Home Value
https://housecashin.com/investing-guides/investing-clay-county-ms/#median_home_value_10
Clay County Median Gross Rent
https://housecashin.com/investing-guides/investing-clay-county-ms/#median_gross_rent_10
Clay County Price To Rent Ratio Over Time
https://housecashin.com/investing-guides/investing-clay-county-ms/#price_to_rent_ratio_over_time_10
Clay County Home Ownership
Clay County Rent & Ownership
https://housecashin.com/investing-guides/investing-clay-county-ms/#rent_&_ownership_11
Clay County Rent Vs Owner Occupied By Household Type
https://housecashin.com/investing-guides/investing-clay-county-ms/#rent_vs_owner_occupied_by_household_type_11
Clay County Occupied & Vacant Number Of Homes And Apartments
https://housecashin.com/investing-guides/investing-clay-county-ms/#occupied_&_vacant_number_of_homes_and_apartments_11
Clay County Household Type
https://housecashin.com/investing-guides/investing-clay-county-ms/#household_type_11
Clay County Property Types
Clay County Age Of Homes
https://housecashin.com/investing-guides/investing-clay-county-ms/#age_of_homes_12
Clay County Types Of Homes
https://housecashin.com/investing-guides/investing-clay-county-ms/#types_of_homes_12
Clay County Homes Size
https://housecashin.com/investing-guides/investing-clay-county-ms/#homes_size_12
Marketplace
Clay County Investment Property Marketplace
If you are looking to invest in Clay County real estate, our Investment Property Marketplace can become your indispensable tool in your investing business. To help you easily find the best off-market deals in the Clay County area, we created a nationwide investor-friendly online platform. Use it to shop for lucrative off-market properties for sale according to your specific buying criteria.
Unlike other real estate listing websites, our marketplace’s interface is particularly designed for investors. Besides the purchase price, you can see other, essential to investors, key indicators such as: rehab costs and ARV, potential profit, FSBO, or realtor-assisted deal, and others. To get started, visit our marketplace and search for Clay County investment properties for sale.
Clay County Investment Properties for Sale
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Financing
Clay County Real Estate Investing Financing
If you are looking for a loan to finance investment property purchase, rehab or ground up construction in Clay County MS, easily get quotes from multiple lenders at once and compare rates.
Fill out our quick online real estate financing application form to receive multiple quotes for your preferred type of loan from our preferred Clay County private and hard money lenders.
Clay County Investment Property Loan Types
- Rehab Loans
- Fix and Flip Loans
- Bridge Loans
- Asset Based Loans
- Cash Out/Refinance Loans
- Transactional Funding
- Transactional Hard Money Loans
- Private Money Loans
- New Construction Loans
Population
Clay County Population Trends
Clay County has an overall population of .
During the previous decade, the population growth rate of Clay County has been . The 10-year growth rate at the state level is . The decade’s population growth rate for the United States overall was .
This amounts to a per-annum population growth rate of , against the state’s yearlong rate of . The nationwide average population growth rate within that same period was .
The median age in Clay County is .
Clay County Population Over Time
https://housecashin.com/investing-guides/investing-clay-county-ms/#population_over_time_24
Clay County Population By Year
https://housecashin.com/investing-guides/investing-clay-county-ms/#population_by_year_24
Clay County Population By Age And Sex
https://housecashin.com/investing-guides/investing-clay-county-ms/#population_by_age_and_sex_24
Economy
Clay County Economy 2024
In Clay County, the median household income is . The state’s citizenry has a median household income of , whereas the United States’ median is .
The community of Clay County has a per person level of income of , while the per person income all over the state is . is the per person income for the nation in general.
Currently, the average salary in Clay County is , with the entire state average of , and the country’s average rate of .
Clay County has an unemployment average of , whereas the state registers the rate of unemployment at and the US rate at .
The economic picture in Clay County incorporates an overall poverty rate of . The statewide poverty rate is , with the national poverty rate at .
Clay County Residents’ Income
Clay County Median Household Income
https://housecashin.com/investing-guides/investing-clay-county-ms/#median_household_income_27
Clay County Per Capita Income
https://housecashin.com/investing-guides/investing-clay-county-ms/#per_capita_income_27
Clay County Income Distribution
https://housecashin.com/investing-guides/investing-clay-county-ms/#income_distribution_27
Clay County Poverty Over Time
https://housecashin.com/investing-guides/investing-clay-county-ms/#poverty_over_time_27
Clay County Property Price To Income Ratio Over Time
https://housecashin.com/investing-guides/investing-clay-county-ms/#property_price_to_income_ratio_over_time_27
Clay County Job Market
Clay County Employment Industries (Top 10)
https://housecashin.com/investing-guides/investing-clay-county-ms/#employment_industries_(top_10)_28
Clay County Unemployment Rate
https://housecashin.com/investing-guides/investing-clay-county-ms/#unemployment_rate_28
Clay County Employment Distribution By Age
https://housecashin.com/investing-guides/investing-clay-county-ms/#employment_distribution_by_age_28
Clay County Average Salary Over Time
https://housecashin.com/investing-guides/investing-clay-county-ms/#average_salary_over_time_28
Clay County Employment Rate Over Time
https://housecashin.com/investing-guides/investing-clay-county-ms/#employment_rate_over_time_28
Clay County Employed Population Over Time
https://housecashin.com/investing-guides/investing-clay-county-ms/#employed_population_over_time_28
Schools
Clay County School Ratings
Clay County has a school system consisting of elementary schools, middle schools, and high schools.
The high school graduation rate in the Clay County schools is .
Clay County School Ratings
https://housecashin.com/investing-guides/investing-clay-county-ms/#school_ratings_31