Grenada, MS

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Grenada short-term rental market based on reliable data.

Listings

50 / 95

Reliable / Active

Cap Rate

15%

Middle-Earners Gross Yield

Revenue

$20,049

Middle-Earners Revenue

Occupancy

44%

Middle-Earners Occupancy

Home Value

$134,513

Median Home Sale Price

Top Earners

$36,184

Top-Earners Revenue

Grenada

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Grenada.

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B

Generally Investor friendly

Grenada Regulations

STRs appear allowed if zoning permits, with no city-specific caps or strict permitting; compliance relies on state tax registration, general business license, and basic safety/insurance best practices—manageable burden with predictable process.

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About Grenada

Grenada is a small city in north-central Mississippi and the seat of Grenada County, with a population of roughly 12,000 residents. Set in a landscape of rolling hills, piney woods, and the broad waters of the Yalobusha River, the city has a quiet, small-town character rooted in its nineteenth-century origins and the timber and railroad economies that shaped its early growth. It is best known today as the gateway to Grenada Lake, a large reservoir that draws anglers, boaters, and outdoor enthusiasts from across the region. Grenada sits about 100 miles south of Memphis, Tennessee, and roughly 90 miles north of Jackson, Mississippi, placing it within a comfortable drive of both larger metropolitan areas while retaining its unhurried Southern pace.

The centerpiece of the area is Grenada Lake, a U.S. Army Corps of Engineers reservoir on the Yalobusha River that spans more than 35,000 acres of water and surrounding shoreline. The lake is widely recognized for its crappie and bass fishing, and its wooded banks offer opportunities for camping, picnicking, and wildlife watching. It lies just a few miles east of the city, making it an easy day trip or a destination in its own right for visitors who book a rental in town.

Adjacent to the lake, Hugh White State Park provides a developed base for enjoying the reservoir, with cabins, campsites, a sandy beach, a marina, and walking trails. The park is roughly a fifteen-minute drive from downtown Grenada and is a natural anchor for travelers whose itineraries revolve around time on the water or in the surrounding forests.

Downtown Grenada retains a collection of late-nineteenth- and early-twentieth-century brick buildings along the historic square, giving the central business district a walkable, period feel that contrasts pleasantly with the big-box retail on the city's outer edges. A short drive north along the Natchez Trace Parkway, one of the country's most scenic byways, opens up additional opportunities for hiking, cycling, and visiting Native American mound sites without ever leaving the region.

For short-term-rental owners, Grenada offers a straightforward value proposition: a low-cost real-estate market, a calm residential setting, and reliable year-round appeal driven by lake recreation, park visitation, and travelers tracing the Natchez Trace. Its position roughly halfway between Memphis and Jackson makes it a convenient overnight stop, while the lake and surrounding state lands provide enough activity to encourage longer weekend stays.

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