Morehouse Parish presents an unresolved underwriting tension: Zillow’s county median home value was $96,954 in 2026-06, up 2.37% year over year, while the FHFA repeat-transaction HPI declined 2.38% in annual 2025 data. These are distinct vintages and methods, not appraisals to average. Rent-dependent and resale-sensitive buyers should be cautious; operators who can verify asset-level rents, flood exposure, and repair scope have the clearest reason to investigate.
Measured market rent is not published, so gross yield cannot be computed. HUD’s $834 two-bedroom FMR is a payment standard, not asking rent, and cannot fill that gap. The effective property-tax rate is 0.45%, and median annual tax is $530; both are carrying-cost inputs, not a complete expense estimate. The conflicting Zillow and FHFA readings leave price direction source-specific rather than settled.
QCEW’s annual covered-workplace evidence is narrow. Education and health services, the largest disclosed private supersector, accounted for 36.62% of total private covered employment. This is workplace employment rather than resident employment or an unemployment measure. Net migration was negative 142 tax-return households; inbound movers averaged $32,153 AGI versus $35,860 for outbound movers. The migration and income pattern weakens the demand case, but it does not measure household formation or tenant demand.
Buyer competition is only partly visible: 13 of 129 purchase mortgages went to non-occupants, a 10.08% investor share. This identifies mortgage-financed purchase participation, not cash buyers or bidding pressure. Inland flood is the dominant hazard; modeled annual climate loss equals 0.11% of building value, a model ratio rather than a property-specific loss. Realtor.com listing price, active listings, days on market, and price-reduced share are not published in this record, so MLS supply, asking-price concessions, and marketing time cannot be assessed. Missing insurance quotes, flood-zone and elevation data, condition, vacancy, operating expenses, and sale comparables prevent stabilized cash-flow, hazard-cost, and exit-price conclusions.