Horn Lake, MS 38637 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Horn Lake, MS—38637

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$200,000

1.3% YoY Growth

Household Income

$56,800

20.1% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

1.0%

Median Rent

$1,440

4.4% YoY Growth

1-Bed Rent

$1,300

N/A

2-Bed Rent

$1,340

0.8% YoY Growth

3-Bed Rent

$1,500

1.3% YoY Growth

Home Price Trends — Horn Lake, MS

As of Dec '25, the median home price in Horn Lake, MS is $200,000, with a year-over-year change of -1.3%. This indicates that home prices in Horn Lake, MS are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$200,000	-1.3%
Single Family	$200,000	-1.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Horn Lake, MS

As of July '25, Rentcast reports the average rent in Horn Lake, MS is $1,510, with a year-over-year rent change of -4.4%. Per bedroom, the median rent as of July '25 in Horn Lake, MS is 1-bedrooms: $1,300, 2-bedrooms: $1,310, 3-bedrooms: $1,510, 4-bedrooms: $1,820. The most common rental property sizes in Horn Lake, MS are 3-bedroom and 2-bedroom, accounting for 51.9% and 23.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,440	$1,510
Studio Rent	N/A	N/A
1 Bed Rent	$1,300	$1,300
2 Bed Rent	$1,340	$1,310
3 Bed Rent	$1,500	$1,510
4 Bed Rent	$1,900	$1,820

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% of Rental Stock

Studio

1.8%

1 Bedroom

13.7%

2 Bedrooms

23.2%

3 Bedrooms

51.9%

4 Bedrooms

7.8%

5+ Bedrooms

1.7%

Property Listings — Horn Lake, MS

As of Dec '25, Realtor.com reports that the median days on market for a home in Horn Lake, MS is 68. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$228,000	-22.0%
Listing Count	69	-14.0%
Listings as % of Homes	0.6%	-14.0%
Days on Market	72	-1.0%

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Demographics — Horn Lake, MS

As of the latest ACS Survey released in 2023, Horn Lake, MS has a population of 26,600, which has decreased by -1.8% over the past 5 years. Horn Lake, MS is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 17.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	26,600	-1.8%
% Under 18	25.7%	-5.5%
% Seniors	11.0%	32.5%
% WFH	3.0%	172.7%
% w/ College Degree	17.3%	15.3%

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As of the latest ACS Survey released in 2023, Horn Lake, MS is a predominantly black area, with 45.3% of the population identifying as black. The black population has grown by 4.9% in the last 5 years. The second most common race or ethnicity in Horn Lake, MS is white, making up 42.0% of the population. Foreign-born residents account for 6.6% of the population in Horn Lake, MS, and this percentage has increased by 40.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	42.0%	-9.7%
% Black	45.3%	4.9%
% Hispanic	8.9%	18.7%
% Asian	1.3%	30.0%
% Foreign Born	6.6%	40.4%

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Mortgage and Risk — Horn Lake, MS

According to HUD data as of 2023, there were 153 mortgage originations in Horn Lake, MS, of which 45.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Horn Lake, MS. Investor activity is low, as 2.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	153
% Conventional Loans	45.0%
% Government Loans	55.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	20.0%

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Rentals and Section 8 — Horn Lake, MS

As of 2024, the percent of homes in Horn Lake, MS under the Section 8 program is 4.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Horn Lake, MS, because HUD payments exceed market rent, while 1-bedroom units do not.

Section 8 Market Size

Total Units under HUD	219
Total Units Section 8	178
% Rentals under Section 8	4.6%
% Occupied Section 8	97.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$30	$1,300	$1,270
2 Bedroom	$90	$1,340	$1,430
3 Bedroom	$380	$1,500	$1,880
4 Bedroom	$300	$1,900	$2,200

Horn Lake, MS—38637

Key Metrics at a Glance

Home Price Trends — Horn Lake, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Horn Lake, MS

% of Rental Stock

Property Listings — Horn Lake, MS

Demographics — Horn Lake, MS

Race and Ethnicity

Mortgage and Risk — Horn Lake, MS

Mortgages

Rentals and Section 8 — Horn Lake, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Horn Lake, MS

Home Price to Income Ratio

Horn Lake, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Southaven, MS

Nesbit, MS

Whitehaven, Memphis, TN

Walls, MS

Southaven, MS

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$200,000
Median Household Income	$56,800

Horn Lake, MS—38637

Key Metrics at a Glance

Home Price Trends — Horn Lake, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Horn Lake, MS

% of Rental Stock

Property Listings — Horn Lake, MS

Demographics — Horn Lake, MS

Race and Ethnicity

Mortgage and Risk — Horn Lake, MS

Mortgages

Rentals and Section 8 — Horn Lake, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Horn Lake, MS

Home Price to Income Ratio

Horn Lake, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Southaven, MS

Nesbit, MS

Whitehaven, Memphis, TN

Walls, MS

Southaven, MS

Frequently Asked Questions

What is the average home price in Horn Lake, MS 38637?

How have home prices in Horn Lake, MS 38637 changed over the past year?

What is the home price projection for Horn Lake, MS 38637?

What are the demographics of Horn Lake, MS 38637?

How long does it take homes to sell in Horn Lake, MS 38637?

What is the average rent price in Horn Lake, MS 38637?