Southaven, MS—38672
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Southaven, MS
Home Price Trends — Southaven, MS
As of Oct '25, the median home price in Southaven, MS is $330,000, with a year-over-year change of -0.5%. This indicates that home prices in Southaven, MS are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $330,000 | -0.5% |
| Single Family | $330,000 | -0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $305,000 | 0.0% |
4 Bed | $345,000 | -0.3% |
| 5 Bed | $420,000 | -0.2% |
% of Housing Stock
Rental Trends — Southaven, MS
As of July '25, Rentcast reports the average rent in Southaven, MS is $2,280, with a year-over-year rent change of 1.8%. Per bedroom, the median rent as of July '25 in Southaven, MS is 3-bedrooms: $2,170, 4-bedrooms: $2,330. The most common rental property sizes in Southaven, MS are 3-bedroom and 4-bedroom, accounting for 49.9% and 39.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,240 | $2,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,180 | $2,170 |
| 4 Bed Rent | $2,320 | $2,330 |
% of Rental Stock
Property Listings — Southaven, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Southaven, MS is 55. This is a increase of 7.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $388,000 | 5.0% |
Listing Count | 118 | -9.0% |
| Listings as % of Homes | 1.8% | -9.0% |
Days on Market | 55 | 7.0% |
Demographics — Southaven, MS
As of the latest ACS Survey released in 2023, Southaven, MS has a population of 15,900, which has increased by 17.5% over the past 5 years. Southaven, MS is a moderately popular place for families, as children make up 24.9% of the population. The area has a moderately educated workforce, with 38.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,900 | 17.5% |
% Under 18 | 24.9% | -17.5% |
% Seniors | 12.1% | 1.7% |
% WFH | 15.6% | 477.8% |
% w/ College Degree | 38.5% | -1.0% |
As of the latest ACS Survey released in 2023, Southaven, MS is a predominantly white area, with 59.5% of the population identifying as white. The white population has shrunk by 16.9% in the last 5 years. The second most common race or ethnicity in Southaven, MS is black, making up 30.5% of the population. Foreign-born residents account for 4.6% of the population in Southaven, MS, and this percentage has increased by 27.8% 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 | 59.5% | -16.9% |
% Black | 30.5% | 41.9% |
% Hispanic | 5.4% | 134.8% |
% Asian | 2.7% | -18.2% |
% Foreign Born | 4.6% | 27.8% |
Mortgage and Risk — Southaven, MS
Southaven, MS lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Southaven, MS
Southaven, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,810 |
| 2 Bedroom | N/A | N/A | $2,030 |
| 3 Bedroom | $490 | $2,180 | $2,670 |
| 4 Bedroom | $810 | $2,320 | $3,130 |
Affordability — Southaven, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $330,000 |
| Median Household Income | $111,000 |