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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 26,550 people, 9,998 houses or apartments, and a median cost of homes of $211,874, 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 77.21% of the city's housing units. Other types of housing that are prevalent in Horn Lake include large apartment complexes or high rise apartments ( 13.07%), duplexes, homes converted to apartments or other small apartment buildings ( 5.45%), and a few mobile homes or trailers ( 2.67%).
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 58.68% owning and 41.32% 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 ( 24.30%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.14%). There's also some housing in Horn Lake built before 1939 ( 2.58%).
In the last 10 years, Horn Lake has experienced some of the highest home appreciation rates of any community in the nation. Horn Lake real estate appreciated 120.50% over the last ten years, which is an average annual home appreciation rate of 8.23%, putting Horn Lake in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Horn Lake definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Horn Lake's appreciation rate, at 5.64%, has been at or slightly above the national average. In the latest quarter, Horn Lake's appreciation rate has been 0.51%, which annualizes to a rate of 2.05%.
Notably, Horn Lake's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Mississippi, our data show that Horn Lake's latest annual appreciation rate is lower than 60% 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.
$211,874
for Mississippi
for nation
9,998
$2,053 / per month