Individual investors represent the overwhelming majority of the landlord market in Greene County, MS, holding 86.3% of all 365 investor-owned SFR properties. This translates to 315 properties managed by individual landlords, far surpassing the 58 properties owned by companies (15.9%).
The concentration of individual landlords is even more pronounced when considering entities, with 400 individual landlords against just 57 company landlords, resulting in a nearly 7:1 ratio of individual to company entities in the market.
Greene County's investor-owned SFR properties exhibit a high rental focus, with 357 properties, or 97.8% of the total 365, being rented. This confirms a strong orientation towards generating rental income from these assets.
A striking 99.2% of landlord-owned properties (362 out of 365) were acquired entirely with cash, suggesting a preference for debt-free investment or limited access to financing for these specific properties. Only 3 properties (0.8%) are currently financed.
Overall, landlords collectively own 365 SFR properties in Greene County, MS, which constitutes a notable 14.7% of the total 2,479 SFR properties in the market, indicating a moderate level of investor penetration.
Despite the dominance in property counts, individual landlords appear to hold slightly less than one property on average (315 properties / 400 entities), suggesting that some individuals classified as landlords may own properties not strictly within this SFR count, or that the count represents distinct property holdings rather than all properties associated with each individual's broader landlord portfolio definition.
Conversely, company landlords in Greene County, MS, demonstrate a slightly more concentrated portfolio, with 58 properties across 57 entities, averaging just over one property per company, indicating a tighter operational focus on single SFR units or a small number of holdings.