Horn Lake appreciation rates and housing market information
Horn Lake housing market information
With a population of 26,576, 9,052 total housing units (homes and apartments), and a median house value of $102,854, 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 80.76% of the city's housing units. Other types of housing that are prevalent in Horn Lake include large apartment complexes or high rise apartments (11.09%), row houses and other attached homes (3.14%), and a few duplexes, homes converted to apartments or other small apartment buildings (3.03%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Horn Lake. Owner-occupied housing accounts for 70.89% of Horn Lake's homes, and 78.76% have either three or four bedrooms, which is average sized relative to America.
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 (24.27%). A lesser amount of the housing stock also hails from between 1940-1969 (7.89%).
Horn Lake home appreciation rates
Real estate appreciation rates in Horn Lake's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.60% during the period.
NeighborhoodScout's data show that during the latest twelve months, Horn Lake's appreciation rate, at 1.60%, has been at or slightly above the national average. In the latest quarter, Horn Lake's appreciation rate has been 0.09%, which annualizes to a rate of 0.35%.
Relative to Mississippi, our data show that Horn Lake's latest annual appreciation rate is higher than 50% 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 1990, to assist you in making the best Horn Lake real estate investment or home purchase decisions.