Horn Lake, MS Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Horn Lake, MS Housing Market Trends

With 26,736 people, 9,270 houses or apartments, and a median cost of homes of $188,147, house prices in Horn Lake are solidly below the national average.

Single-family detached homes are the single most common housing type in Horn Lake, accounting for 76.48% of the city's housing units. Other types of housing that are prevalent in Horn Lake include large apartment complexes or high rise apartments ( 14.07%), duplexes, homes converted to apartments or other small apartment buildings ( 4.06%), and a few mobile homes or trailers ( 3.63%).

The most prevalent building size and type in Horn Lake are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.14% owning and 42.86% renting.

There is a lot of housing in Horn Lake built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Horn Lake built between 2000 and later ( 24.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.53%). There's also some housing in Horn Lake built before 1939 ( 1.44%).

Horn Lake Home Appreciation Rates

Appreciation rates for homes in Horn Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 75.07%, which ranks in the top 30% nationwide. This equates to an annual average Horn Lake house appreciation rate of 5.76%.

NeighborhoodScout's data show that during the latest twelve months, Horn Lake's appreciation rate, at 19.69%, has been at or slightly above the national average. In the latest quarter, Horn Lake's appreciation rate has been 7.67%, which annualizes to a rate of 34.41%.

Relative to Mississippi, our data show that Horn Lake's latest annual appreciation rate is higher than 90% of the other cities and towns in Mississippi.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Horn Lake differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Horn Lake - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Horn Lake real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$188,147

Horn Lake, MS HOME PRICES

> $1,414,000
$1,061,001 - $1,414,000
$707,001 - $1,061,000
$566,001 - $707,000
$424,001 - $566,000
$283,001 - $424,000
$141,001 - $283,000
$71,001 - $141,000
$0 - $71,000
0.1%
0.1%
0.3%
0.3%
0.9%
0.9%
0.4%
0.4%
1.7%
1.7%
12.1%
12.1%
44.3%
44.3%
34.5%
34.5%
5.9%
5.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for MS

Value Relative To Nation

Number Of Homes And Apartments:
9,270

Horn Lake Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
75.51% 2.59%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,416 / per month

Homeownership Rate

Owners
Renters
Vacant
57.1%
57.1%
42.9%
42.9%
7.5%
7.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.0%
25.0%
64.0%
64.0%
9.5%
9.5%
1.4%
1.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
76.5%
76.5%
1.8%
1.8%
4.1%
4.1%
14.1%
14.1%
3.6%
3.6%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.3%
0.3%
3.9%
3.9%
14.1%
14.1%
68.2%
68.2%
12.1%
12.1%
1.4%
1.4%
0.0% 100.0%
% OF HOMES