Horn Lake, MS—38637
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Horn Lake, MS
As of Oct '25, the median home price in Horn Lake, MS is $199,000, with a year-over-year change of -1.5%. This indicates that home prices in Horn Lake, MS are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $199,000 | -1.5% |
| Single Family | $199,000 | -1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $148,000 | -0.7% |
3 Bed | $193,000 | -1.5% |
4 Bed | $276,000 | 0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Horn Lake, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Horn Lake, MS is 59. This is a decrease of 0.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $230,000 | -17.0% |
Listing Count | 89 | -7.0% |
| Listings as % of Homes | 0.6% | -7.0% |
Days on Market | 59 | 0.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Horn Lake, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $199,000 |
| Median Household Income | $56,800 |