Horn Lake, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Horn Lake Neighborhoods Since 2000




Horn Lake, MS Real Estate Data


Horn Lake Housing Market Information

With 26,915 people, 9,429 houses or apartments, and a median cost of homes of $107,972, 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 78.28% of the city's housing units. Other types of housing that are prevalent in Horn Lake include large apartment complexes or high rise apartments ( 13.63%), row houses and other attached homes ( 3.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.10%).

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 59.89% owning and 40.11% 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 ( 24.13%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.94%).

Horn Lake Home Appreciation Rates

Horn Lake's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Horn Lake during the period has been just -0.84%, which is lower than 70% of US communities.

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 8.25%, which is higher than appreciation rates in 87.19% 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 1.57%, which equates to an annual appreciation rate of 6.42%.

Importantly, this makes Horn Lake one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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:
$107,972

Horn Lake, MS HOME PRICES

Value Range
> $1,099,000 0.4
$824,001 - $1,099,000 0.0
$550,001 - $824,000 0.3
$440,001 - $550,000 1.0
$329,001 - $440,000 0.8
$220,001 - $329,000 7.0
$110,001 - $220,000 35.1
$55,001 - $110,000 46.1
$0 - $55,000 9.3

High for MS
Low for Nation

Value Relative to Nation Value Relative to State
72.4481425055666 30.2040816326531

Number Of Homes And Apartments:
9,429

Rent & Ownership

 

Average Market Rent:
$1,150 / per month

Homeownership Rate

Homeownership
Owners 59.89
Renters 40.11
Vacant 7.09

Housing Market Details

 

Age of Homes

AGE OF Horn Lake HOMES
2000 or Newer 24.1
1970 - 1999 66.2
1940 - 1969 8.9
1939 or Older 0.8

Types of Homes

TYPE OF Horn Lake HOMES
Single-Family 78.3
Townhomes 4.0
Small Apt. Buildings 2.1
Apt. Complexes 13.6
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Horn Lake HOMES
No Bedroom 0.71
1 Bedroom 4.26
2 Bedrooms 15.86
3 Bedrooms 66.79
4 Bedrooms 11.58
5 or more bedrooms 0.80

Horn Lake Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
9.57% 0.53% 1 1
* 10 is highest