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 a population of 26,737, 9,449 total housing units (homes and apartments), and a median house value of $206,967, 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 75.18% of the city's housing units. Other types of housing that are prevalent in Horn Lake include large apartment complexes or high rise apartments ( 15.41%), duplexes, homes converted to apartments or other small apartment buildings ( 4.51%), and a few mobile homes or trailers ( 3.21%).
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 57.09% owning and 42.91% 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 ( 26.12%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.37%). There's also some housing in Horn Lake built before 1939 ( 2.14%).
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 111.04% over the last ten years, which is an average annual home appreciation rate of 7.75%, 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.
Appreciation rates are so strong in Horn Lake that despite a nationwide downturn in the housing market, Horn Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Horn Lake appreciation rates continue to be some of the highest in America, at 9.17%, which is higher than appreciation rates in 91.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Horn Lake. Horn Lake appreciation rates in the latest quarter were at 2.11%, which equates to an annual appreciation rate of 8.72%.
Relative to Mississippi, our data show that Horn Lake's latest annual appreciation rate is higher than 80% 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.
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