Harrison County’s tension is positive but separately measured price indicators, a less urgent visible MLS market, and untested rental economics. Zillow’s county median home value is $271,991, up 4.02% year over year; FHFA’s repeat-transaction HPI, a price-change index rather than a home value, rose 4.03% on its annual observation. Their methods and vintages differ, so neither rate should be combined. Buyers able to source rental and parcel data should investigate; those relying on appreciation or HUD payment standards should be cautious.
No county median asking rent is published, so gross yield cannot be computed. The HUD two-bedroom FMR of $1,272 is a payment standard, not market asking rent, and cannot substitute in yield work. The effective property-tax rate is 0.53%; it should be applied only after confirming a target parcel’s assessment and exemptions. With price and rent not paired, the record does not establish whether income covers taxes, insurance, maintenance, vacancy, or financing.
Realtor.com’s supplied MLS observation points to more marketing friction, not closed-sale pricing or buyer demand by itself: median listing price was down 5% year over year, active listings rose 21.88%, median marketing time was 56 days, and 16.92% of listings had a price reduction. Net migration of 34 tax-return households came with an inbound-versus-outbound mover AGI gap of $3,572, a calculation from supplied averages; this is limited household-movement evidence. Investor participation was 5.67% of 476 purchases, indicating measured involvement but not bidding behavior or the full buyer mix.
Risk review should center on inland flood. Modeled expected annual building loss is 0.15% of value; it is not a dollar loss estimate and requires parcel flood-zone, elevation, prior-loss, and insurance-quote review. QCEW shows annual covered workplace employment of 10,115, down 1.34% on its annual observation. Leisure and hospitality is the largest disclosed private supersector, not the whole economy. QCEW neither measures resident employment nor forecasts demand. Missing market rent and lease comps prevent cash-flow and gross-yield conclusions; missing closed-sale comparables and property-specific operating costs prevent valuation and expense conclusions.