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City · 26,647 residents · DeSoto County, Mississippi

Horn Lake , Mississippi

In Horn Lake, a typical home is worth $171,400 and typical rent is $1,435 a month. Compared with all of DeSoto County, typical household income is 37% lower, the typical home value is 36% lower, and the share of households that own their home is 20 points lower.

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  • Typical home value

    $171,400

    36% below the county

    About the same as Mississippi

    • Horn Lake
    • DeSoto
    • Mississippi

  • Typical rent

    $1,435a month

    About the same as the county

    50% above Mississippi

    • Horn Lake
    • DeSoto
    • Mississippi

  • Typical household income

    $53,311a year

    37% below the county

    6% below Mississippi

    • Horn Lake
    • DeSoto
    • Mississippi

  • Households that own their home

    58%

    20 points below the county

    12 points below Mississippi

    • Horn Lake
    • DeSoto
    • Mississippi

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$201,880
0.6% more than 12 months ago
Typical rent
$1,485 a month
about the same as 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Horn Lake is in DeSoto County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of DeSoto County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Horn Lake apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Holly Springs, the typical rent is $773: 46% less than in Horn Lake ($1,435).

  2. 58% of households in Horn Lake own their home, against 78% in DeSoto County.

  3. Nearby, in Holly Springs, the typical home value is $109,600: 36% less than in Horn Lake ($171,400).

  4. The typical household income in Horn Lake is $53,311, 37% less than in DeSoto County as a whole ($85,297).

  5. The typical home in Horn Lake is worth $171,400, 36% less than in DeSoto County as a whole ($269,600).

  6. Horn Lake has the 5th highest typical rent of the 66 cities in Mississippi with more than 5,000 people ($1,435).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Horn Lake

What homes there are in Horn Lake, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Horn Lake, but it weighs less than in DeSoto County: 74% against 83%.

Year built

In Horn Lake, half of the homes were built before 1991; in DeSoto County, before 1999.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for DeSoto County is high ($541,287): at least 98% of owner-occupied homes in Horn Lake are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,199 a month

DeSoto County: $1,638 a month

Without a mortgage

$394 a month

DeSoto County: $503 a month

Owners with a mortgage

67%

DeSoto County: 71%

In Horn Lake, 67% of owners have a mortgage, and their typical cost is $1,199 a month, against $1,638 in DeSoto County. Without one it drops to $394.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in DeSoto County, the typical home value in Horn Lake rose 61% since 2015–2019.

Much as in DeSoto County, the typical rent in Horn Lake rose 39% since 2015–2019.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureHorn LakeDeSoto CountyMississippiUnited States
Rental vacancy 11.1%12.8%8.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate1.9%2.2%3.4%
People per household 2.642.682.492.53
Drive alone 88%81%82%69%
Carpool 6%9%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimateUnreliable estimate1%3%
Work from home 4%8%6%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

The rental vacancy rate in Horn Lake is 11.1%, lower than in DeSoto County (12.8%).

Much as in DeSoto County, a household in Horn Lake has 2.64 people on average.

To get to work, 88% of workers in Horn Lake drive alone; in DeSoto County, 81%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Horn Lake?

A typical home is tight for the typical income

We start with a typical home in Horn Lake, worth $171,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Horn Lake, which is $53,311 a year. For that payment to be 28% of income, a household would need to earn about $59,578 a year.

The calculator's FHA and conventional loan limits are those of all of DeSoto County.

Your numbers

Local data
$

Starts at the typical home value in Horn Lake. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,999 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,390

at 7.18% · 30 years

Loan amount
$168,296
Total interest
$242,138
Paid off in
November 2056

Includes $2,895 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,244 a month

  • Tight

    $1,244 to $1,599 a month

    Your payment · 31%

  • Hard

    more than $1,599 a month

Compared with the typical household income in Horn Lake ($53,311 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,390
Principal & interest$1,140
Property tax$103
Home insurance$71
FHA mortgage insurance (MIP)$76

You need at least $5,999 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Horn Lake and DeSoto County

Horn Lake is in DeSoto County, Mississippi. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Horn Lake's own numbers

Typical home value
$171,400
Typical monthly rent
$1,435
Typical yearly household income
$53,311
Households that own their home
58%
Effective property tax rate
0.72%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of DeSoto County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,301
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
1.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of DeSoto County.

Everything about DeSoto County

Buying

Buying a home in Horn Lake

A typical home in Horn Lake is worth $171,400: 36% below the county and about the same as Mississippi. With the typical household income in Horn Lake ($53,311 a year), a typical home costs 3.2 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Horn Lake 3.2 years
  • DeSoto 3.2 years
  • Mississippi 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in DeSoto County

According to FHFA’s house price index, home prices in DeSoto County rose 87% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of DeSoto County.

Period County Mississippi U.S.
Last year (2025) +2.4% +3.5% +2.9%
5 years (2020–2025) +51% +42% +47%
10 years (2015–2025) +87% +62% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Horn Lake next to DeSoto County, Mississippi and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Horn Lake $171,400
  • DeSoto $269,600
  • Mississippi $169,800
  • United States $332,700
Typical monthly rent
  • Horn Lake $1,435
  • DeSoto $1,451
  • Mississippi $954
  • United States $1,413
Typical yearly household income
  • Horn Lake $53,311
  • DeSoto $85,297
  • Mississippi $56,447
  • United States $80,734
See the full table
Horn Lake next to DeSoto County and Mississippi
Measure Horn Lake DeSoto County Mississippi U.S.
Typical home value $171,400 $269,600 $169,800 $332,700
Typical monthly rent $1,435 $1,451 $954 $1,413
Typical yearly household income $53,311 $85,297 $56,447 $80,734
Households that own their home 58% 78% 70% 65%
Typical yearly property tax $1,242 $1,613 $1,215 $3,119
Effective property tax rate 0.72% 0.6% 0.72% 0.94%
Renters with high rent for their income 57% 52% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below DeSoto County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Horn Lake

For a typical $171,400 home in Horn Lake, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Horn Lake's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,390a month

    Least cash to close
    Down payment
    $5,999
    Cash to close
    $11,141
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $76

  • Conventional, 5% down $1,359a month

    Down payment
    $8,570
    Cash to close
    $13,712
    Rate
    7.18%
    Mortgage insurance
    PMI · $81

  • Conventional, 20% down, no PMI $1,103a month

    Down payment
    $34,280
    Cash to close
    $39,422
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,262a month

    Down payment
    $25,710
    Cash to close
    $30,852
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Horn Lake and for DeSoto County.

Property tax

Effective rate in Horn Lake

0.72%of the home’s value each year

$1,242 a year for the typical owner in Horn Lake.

  • Horn Lake 0.72%
  • DeSoto 0.6%
  • Mississippi 0.72%

What Mississippi publishes Regular homestead exemption (Tier 1) (Mississippi Department of Revenue)

Exemptions and deadlines in Mississippi

Flood risk in DeSoto County

FEMA does not publish these numbers by city: they are for all of DeSoto County.

Homes in the high-risk zone
1.4%
821
Of those, with NFIP insurance
34%
County Mississippi U.S.
Homes in the high-risk zone 1.4% 7.6% 3.5%
Of those, with NFIP insurance 34% 33% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Horn Lake

Typical rent in Horn Lake is $1,435 a month: about the same as the county. In Horn Lake, 57% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of DeSoto County, by unit size. To pay the 2-bedroom one ($1,301 a month) without spending more than 30% of your income, you would need to earn $25.02 an hour working full time.

HUD fair market rent for all of DeSoto County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,095 $21.06 $43,800
1 bedroom $1,191 $22.90 $47,640
2 bedrooms $1,301 $25.02 $52,040
3 bedrooms $1,717 $33.02 $68,680
4 bedrooms $1,981 $38.10 $79,240

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Horn Lake

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Horn Lake is in ZIP code 38637.

For 2 bedrooms it is $1,470: $169 more than the fair market rent for DeSoto County ($1,301).

  • 38637 $1,470$1,940

A ZIP code counts for Horn Lake when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Horn Lake

HUD lists 7 buildings with rents for lower incomes in Horn Lake. These are the largest.

  • Gateway Apts at Goodman Road 7101 Tulane Rd N, Horn Lake 38637 168 homes, 165 low-income · 1 bd: 24 · 2 bd: 104 · 3 bd: 40 · In service since 1995 · For families
  • Lake Villa Apts 3349 Country Side Cir, Horn Lake 38637 48 low-income homes · 1 bd: 16 · 2 bd: 32 · In service since 1987 · For families
  • Horn Lake Estates 1600 Southern Villas Dr, Horn Lake 38637 48 homes, 47 low-income · 1 bd: 11 · 2 bd: 37 · In service since 2004 · For people with disabilities, families
  • Parkway Horn Lake 3550 Shadow Oaks Pkwy, Horn Lake 38637 48 homes, 47 low-income · 1 bd: 8 · 2 bd: 32 · 3 bd: 8 · In service since 2008 · For families, people experiencing homelessness
  • Southern Pines 3400 Tulane Rd W, Horn Lake 38637 41 homes, 40 low-income · For older adults (662) 393-4564

See all 18 buildings in DeSoto County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Horn Lake

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in DeSoto County. The nearest ones are below; many serve by phone or online.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in Horn Lake

No down payment, repair or rent-help program on our list is for Horn Lake or DeSoto County. The ones below are statewide in Mississippi: they work in Horn Lake the same as in the rest of the state.

Which programs do I qualify for? All programs in Mississippi

  • Smart7 Mortgage Program

    Statewide in Mississippi

    Mississippi state corporation 30-year mortgage with $7,000 for the down payment or closing costs as a 0% second mortgage, repaid when you sell, refinance, stop living in the home or pay off the mortgage; no first-time buyer requirement. Offered by Mississippi Home Corporation (MHC).

    Deferred

    See the program Official page

  • Easy8

    Statewide in Mississippi

    Mississippi state corporation 30-year mortgage with $8,000 at 0% as a second mortgage for the down payment, closing costs or prepaid expenses, repaid when you sell, refinance, stop living in the home or pay off the mortgage; for first-time buyers, except in designated areas and for veterans. Offered by Mississippi Home Corporation (MHC).

    Deferred

    See the program Official page

  • Home4All

    Statewide in Mississippi

    Mississippi state corporation forgivable grant, with federal HOME funds, of up to $25,000 for the down payment, closing costs or to reduce the principal; for first-time buyers with incomes under 80% of the area median and a fixed-rate mortgage; if you sell before 5 or 10 years (depending on the amount), you may repay part of it. Offered by Mississippi Home Corporation (MHC).

    Grant

    See the program Official page

Housing counselors near Horn Lake

The HUD-approved agencies closest to the center of Horn Lake, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Tunica Co. Community Dev. Coalition

    1097 Antioch St, Tunica · 26 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (662) 357-5990

  • North Mississippi Rural Legal Services

    493 Ryland Way, Oxford · 50 miles away · Spanish

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 2 more
    (662) 234-8731

  • Southern Bancorp Community Partners

    875 S State St, Clarksdale · 61 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    662-624-5776-3112

All counseling agencies in Mississippi

Help in Spanish near Horn Lake

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Horn Lake

HUD lists no housing authority with an office in DeSoto County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Mississippi Source: HUD

Cities

Other cities in DeSoto County

These cities are also in DeSoto County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about DeSoto County Housing in Mississippi

Nearby cities

The cities closest to Horn Lake, with the typical home value.

Neighboring counties

If DeSoto County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Horn Lake.

All guides
A mother holds her laughing daughter on a grey sofa.

Questions

Housing questions about Horn Lake

Short answers with the numbers for Horn Lake and all of DeSoto County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Horn Lake?

The typical home value in Horn Lake is $171,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in DeSoto County it is $269,600.

How much does it cost to rent in Horn Lake?

Typical rent in Horn Lake is $1,435 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in DeSoto County is $1,301.

What is the FHA loan limit in Horn Lake?

Horn Lake uses the FHA limit for all of DeSoto County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Horn Lake?

The typical homeowner in Horn Lake pays $1,242 a year, according to the U.S. Census Bureau. That is 0.72% of the home’s value; in DeSoto County, the rate is 0.6%.

Where can I find free help to buy or rent in Horn Lake?

We found no HUD-approved counseling agencies with an office in DeSoto County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).