Harrison County presents a cash-flow-versus-resilience tension: the supplied county rent and price support a stated gross yield, while inland-flood exposure and thin transaction detail leave net durability untested. It warrants investigation by operators able to underwrite parcel-level flood insurance, condition, and expenses; buyers relying on broad appreciation, visible listing momentum, or county averages should be cautious. The record is broad but lacks the property-level evidence needed for a property decision.
At Zillow’s 2026-06 county vintage, median home value was $156,598 and median asking market rent $1,113 monthly, producing the supplied 8.53% gross yield before costs. This is measured market rent, not HUD’s two-bedroom FMR, which is a payment standard and cannot substitute for rent or yield. The effective property-tax rate was 0.55%, but insurance, vacancy, maintenance, financing and assessment detail are not published; net yield cannot be determined. Zillow value rose 1.23%; FHFA’s separate 2025 repeat-transaction HPI rose 1.67%. Both are positive but use different vintages and methods and are not a single appreciation rate.
Demand evidence is mixed. QCEW’s 2025 annual workplace covered employment was 37,377, up 0.75%, with a $1,264 average weekly wage; Trade, transportation, and utilities was the largest disclosed private supersector, not the whole economy. Net tax-return migration was 90 households, but average AGI of movers in was $7,921 below movers out, qualifying the inflow. Investors accounted for 5.20% of purchase mortgages to non-occupants: some buyer competition, not the full purchase or cash-buyer market. Realtor.com’s MLS listing price, active listings, days on market and price-reduced share are not published, preventing assessment of visible supply, marketing time and concessions.
The central loss-control issue is inland flood: the modeled climate-loss ratio is 0.18% of building value per year, a county model rather than a parcel loss estimate. Check flood zone, elevation, prior losses, insurance quotes, replacement cost and lease demand for the target address. Missing closed-sale comparables prevent acquisition-value verification; absent operating statements and insurance prevent net-income underwriting; and absent Realtor MLS measures limit marketing and concession assessment. County evidence therefore cannot establish a stabilized property outcome.