INTRODUCING TISHOMINGO COUNTY IN MISSISSIPPI

 INTRODUCING TISHOMINGO COUNTY IN MISSISSIPPI

Tishomingo County in Mississippi is sure to catch your eye if you're a real estate investor.

Through the various information and anecdotes, you will understand the potential.

Firstly, it is located on the edge of Lake Pickwick, and secondly, it has a unique history.

Thanks to its various specific features, this area offers unparalleled potential. Let's take a look together!

Tishomingo County by the numbers

→ Population = in 2022 is 18619

→ Industry = the 3 largest employers:

1 – Industry, manufacturing

2 – Health

3 – Retail trade

→ Education = 78.9% high school graduate and 12.8% have a bachelor's degree or higher

→ Median household income in 2021: $40,394.00

→ Citizenship: None of the households in Tishomingo County, MS reported speaking a language other than English at home as their shared primary language. This does not account for the potential multilingual nature of households, only the self-reported primary language spoken by all household members.

98.5% of Tishomingo County, MS residents are U.S. citizens.

→ Poverty rate: 20.2% in 2020

→ The unemployment rate in Tishomingo County, MS was 2.90% in April 2023, according to the U.S. Federal Reserve. Historically, the unemployment rate in Tishomingo County, MS reached a record high of 21.00 in January 1991 and a record low of 2.90 in March 2023.

→ Health Coverage: 86.1% of the population has health coverage, including 39.5% on employee plans, 18.5% on Medicaid, 16% on Medicare, 10.3% on private plans, and 1.81% on military plans.

What you need to know

1 – More than Tishomingo County itself, it is Pickwick Lake that should be considered as a whole.

However, what you need to understand about Tishomingo County is that it has lagged behind in its development. This is why the opportunity to invest at the right time is more relevant than ever.

Why was it delayed? For a simple historical reason. Until a few years ago, it was a dry county. This meant that no alcohol could be sold. Obviously, this didn't make this part of the lake at all attractive to businesses or establishments wishing to set up shop in the area.

However, today, this is ancient history. The sale of alcohol is permitted, and the transformation of this part of the lake is underway.

2 – This region has seen the growth of some of America's greatest names, one of the most recognizable being, of course, Elvis Presley, the legend.

He was born in the Mississippi town of Tupelo and died in Memphis, Tennessee, the neighboring state. His entire life was spent in this region.

3 – Memphis International Airport (MEM) is the busiest cargo airport in North America and the second busiest in the world

4 – The city of Iuka, where we have set up our offices, is located in the northeast corner of Tishomingo County. It plays a major role in Pickwick Lake. Beyond being the county seat, it is the closest point to Tennessee and Pickwick Lake.

5- This lake is an extremely popular spot among the American fishing community. Professional competitions are held every year, and winners can receive up to $60,000 in prizes. As a reminder, there are approximately 43 million anglers (amateur or professional) in the United States (figures for 2020). It is therefore a very large and particularly active community throughout the United States. Typically, they do not hesitate to travel regularly to practice their passion.

6- Pick Lake is one of the only American lakes bordered by 3 different states: Alabama, Tennessee, Mississippi.

Tishomingo County Real Estate Figures

The median listed value for single-family homes in Tishomingo County, MS is $266,850.

In 2020, 73.1% of homes in Tishomingo County, MS were owner-occupied. This percentage decreased from 75.5% the previous year.

67.4% of them used a mortgage loan.

The latest information shows that a property is sold on average in 59 days.

In the town of Iuka, the percentage of renters is 39.8%, which is

higher than the national average. Adding to this is a growing need for housing for employees and families of the region's growing businesses.

As we have seen, local tourism has been attracting more and more people in recent years.

An important point to note is the property tax. As an investor, this is an important element to consider because it represents a burden. Tishomingo County happens to have one of the lowest property taxes in the country. This makes an investment even more profitable by reducing costs.

Finally, Tishomingo County is one of the 8,700 Opportunity Zones selected by the U.S. government. It's a real tax haven (subject to certain conditions) for generating cash flow: reduced taxation, tax-exempt gains or profits.