Southaven, MS 38671 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Southaven, MS—38671

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$232,000

0.4% YoY Growth

Household Income

$61,700

20.8% YoY Growth

Days on Market

4.0% Longer YoY

Home Price Forecast

1.1%

Median Rent

$1,600

6.3% YoY Growth

1-Bed Rent

$1,280

N/A

2-Bed Rent

$1,350

2.8% YoY Growth

3-Bed Rent

$1,700

2.3% YoY Growth

Other Zip Codes in Southaven, MS

38672

Home Price Trends — Southaven, MS

As of Dec '25, the median home price in Southaven, MS is $232,000, with a year-over-year change of 0.4%. This indicates that home prices in Southaven, MS are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$232,000	0.4%
Single Family	$233,000	0.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Southaven, MS

As of July '25, Rentcast reports the average rent in Southaven, MS is $1,630, with a year-over-year rent change of -6.3%. Per bedroom, the median rent as of July '25 in Southaven, MS is 1-bedrooms: $1,320, 2-bedrooms: $1,390, 3-bedrooms: $1,670, 4-bedrooms: $1,940. The most common rental property sizes in Southaven, MS are 3-bedroom and 2-bedroom, accounting for 43.6% and 35.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,630
Studio Rent	N/A	N/A
1 Bed Rent	$1,280	$1,320
2 Bed Rent	$1,350	$1,390
3 Bed Rent	$1,700	$1,670
4 Bed Rent	$1,980	$1,940

Loading chart...

% of Rental Stock

Studio

0.4%

1 Bedroom

12.9%

2 Bedrooms

35.3%

3 Bedrooms

43.6%

4 Bedrooms

6.8%

5+ Bedrooms

0.9%

Property Listings — Southaven, MS

As of Dec '25, Realtor.com reports that the median days on market for a home in Southaven, MS is 55. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$260,000	-2.0%
Listing Count	123	-9.0%
Listings as % of Homes	0.6%	-9.0%
Days on Market	70	4.0%

Loading chart...

Demographics — Southaven, MS

As of the latest ACS Survey released in 2023, Southaven, MS has a population of 37,100, which has decreased by -1.3% over the past 5 years. Southaven, MS is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	37,100	-1.3%
% Under 18	26.3%	1.5%
% Seniors	13.1%	0.8%
% WFH	4.0%	166.7%
% w/ College Degree	21.2%	11.0%

Loading chart...

As of the latest ACS Survey released in 2023, Southaven, MS is a predominantly white area, with 49.0% of the population identifying as white. The white population has shrunk by 21.3% in the last 5 years. The second most common race or ethnicity in Southaven, MS is black, making up 42.1% of the population. Foreign-born residents account for 3.2% of the population in Southaven, MS, and this percentage has decreased by 31.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	49.0%	-21.3%
% Black	42.1%	55.4%
% Hispanic	5.7%	-9.5%
% Asian	0.5%	-66.7%
% Foreign Born	3.2%	-31.9%

Loading chart...

Mortgage and Risk — Southaven, MS

According to HUD data as of 2023, there were 188 mortgage originations in Southaven, MS, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Southaven, MS. Investor activity is low, as 6.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	188
% Conventional Loans	56.0%
% Government Loans	44.0%
% Investor Loans	6.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

Loading chart...

Rentals and Section 8 — Southaven, MS

As of 2024, the percent of homes in Southaven, MS under the Section 8 program is 8.2%. 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. In Southaven, MS, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	437
Total Units Section 8	437
% Rentals under Section 8	8.2%
% Occupied Section 8	94.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$30	$1,280	$1,310
2 Bedroom	$120	$1,350	$1,470
3 Bedroom	$230	$1,700	$1,930
4 Bedroom	$280	$1,980	$2,260

Southaven, MS—38671

Key Metrics at a Glance

Other Zip Codes in Southaven, MS

Home Price Trends — Southaven, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Southaven, MS

% of Rental Stock

Property Listings — Southaven, MS

Demographics — Southaven, MS

Race and Ethnicity

Mortgage and Risk — Southaven, MS

Mortgages

Rentals and Section 8 — Southaven, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Southaven, MS

Home Price to Income Ratio

Southaven, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Southaven, MS

Horn Lake, MS

Whitehaven, Memphis, TN

Nesbit, MS

Oakhaven, Memphis, TN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$232,000
Median Household Income	$61,700

Southaven, MS—38671

Key Metrics at a Glance

Other Zip Codes in Southaven, MS

Home Price Trends — Southaven, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Southaven, MS

% of Rental Stock

Property Listings — Southaven, MS

Demographics — Southaven, MS

Race and Ethnicity

Mortgage and Risk — Southaven, MS

Mortgages

Rentals and Section 8 — Southaven, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Southaven, MS

Home Price to Income Ratio

Southaven, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Southaven, MS

Horn Lake, MS

Whitehaven, Memphis, TN

Nesbit, MS

Oakhaven, Memphis, TN

Frequently Asked Questions

What is the average home price in Southaven, MS 38671?

How have home prices in Southaven, MS 38671 changed over the past year?

What is the home price projection for Southaven, MS 38671?

What are the demographics of Southaven, MS 38671?

How long does it take homes to sell in Southaven, MS 38671?

What is the average rent price in Southaven, MS 38671?