Harrison County presents a valuation-versus-income-underwriting tension: Zillow’s county median home value was $138,161 in 2026-06, up 2.13% year over year, while the FHFA annual 2025 repeat-transaction HPI rose 53.04%. The measures point in the same broad upward direction but are not interchangeable or from the same observation period: Zillow reports a home-value level, whereas FHFA tracks repeat transactions. Buyers relying on stable entry pricing should investigate recent comparable sales, renovation mix, and appraisal support; buyers needing current income should be cautious until rent is documented.
Income underwriting is incomplete. No county market rent is published, so gross yield cannot be computed. HUD’s two-bedroom FMR is $888 per month, but it is a payment standard rather than an asking-rent estimate and cannot fill that gap. Carrying costs include a 0.89% effective property-tax rate and $973 median annual tax; these are county measures, not parcel bills. The price, rent, and tax relationship therefore cannot establish post-tax cash-flow coverage or affordability for a target unit.
QCEW recorded 2,527 annual-average covered jobs located at county workplaces, a 2.10% increase; this is neither resident employment nor a forecast. Trade, transportation, and utilities is the largest disclosed private supersector, creating sector concentration to test against a property’s likely tenant base. Tax-return migration was net negative by 42 households, and incoming movers’ average AGI was $7,332 below that of outgoing movers. The reported investor share was 26.67% among 75 purchases, flagging a meaningful layer of buyer competition but not proof of resale demand or tenant depth.
Inland flood is the dominant hazard, and modeled annual climate loss equals 0.14% of building value. This is a modeled ratio rather than a parcel insurance quote, so flood-zone status, elevation, deductible, premium, and loss history require property-level review. Realtor.com listing price, active listings, days on market, and price-reduction data are not published, preventing a reading of current MLS asking-price pressure, visible supply, marketing time, or seller concessions. Obtain achieved rent, lease terms, insurance, and property condition before setting a cash-flow or exit-underwriting conclusion.