DeSoto County Area Home Supply Charts

This page looks at a variety of DeSoto County Mississippi housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. DeSoto County shows it has a Housing Units of 67,168 which is the second most of all the counties in the metro area.

Figure 2 illustrates the housing density in the DeSoto County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) DeSoto County depicts it has a Housing Density of 141.0 which is the second most housing densities of all the counties in the greater DeSoto County region. The county with the highest housing density in the area is Shelby County which depicts a density of 530.9 (approximately 3.8 times bigger). Comparing housing density to the United States average of 38.9, DeSoto County is approximately 3.6 times bigger. Also, measured against the state of Mississippi, housing density of 28.1, DeSoto County is substantially bigger.

In Figure 4, DeSoto County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. DeSoto County shows it has a Housing Unit Change of 9.0% which is the highest of all counties in the greater DeSoto County region. Comparing change in the housing units to the United States average of 5.7%, DeSoto County is 58.0% larger. Also, benchmarked against the state of Mississippi, change in the housing units of 3.8%, DeSoto County is approximately 2.4 times bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) DeSoto County indicates it has a Renter Percent of 26.0% which is less than most other counties in the area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 74.0% which is the third most owner percent of all other counties in the greater DeSoto County region.

DeSoto County Home Cost Charts

Looking at the housing data provided in Figure 7, the average DeSoto County home price is illustrated for this community and a useful analysis of affordable housing. DeSoto County depicts it has a Median Home Value of $168,500 which is the most of all counties in the metropolitan area. Figure 8 provides aggregate comparative data for the DeSoto County Mississippi metro area in terms of the median housing rental rate, apartment rent, etc. DeSoto County depicts it has a Median Gross Rent of $1,057 which is the largest of all counties in the greater DeSoto County region. Comparing rental rates to the United States average of $1,062, DeSoto County is about the same size. Also, measured against the state of Mississippi, rental rates of $780, DeSoto County is 35.5% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. DeSoto County has the smallest proportion of home price worth less than $50,000 at 15% of the total. Second, it has the largest proportion of home price worth between $50,000 to $100,000 at 44% of the total and is ranked #1. Third, it has the largest proportion of home price worth between $100,000 to $200,000 at 25% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. DeSoto County depicts it has a Median Owner Cost of $1,028 which is the second most median ownership cost of all the counties in the greater DeSoto County region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the DeSoto County metro area. it has a Owner Cost as % of HH Income of 16% which is less than most other counties in the area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. DeSoto County depicts it has a Median Home Value as Percent of Median Earnings of 363% which is the second most median home value as a percent of median worker earnings of all the counties in the greater DeSoto County region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) DeSoto County depicts it has a Median Owner Costs-With Mortgage of $1,287 which is the second most median housing cost of all the counties in the greater DeSoto County region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $410 which is the third most median housing cost of all other counties in the greater DeSoto County region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. DeSoto County has the percentage of owner cost less than $300 the second smallest in order of owner cost less than $300 of all the other counties in the area at 16% of the total. Second, it has the smallest proportion of owner cost between $300 and $500 at 10% of the total. Third, it has the smallest proportion of owner cost between $500 and $700 at 15% of the total. Also, it has the largest proportion of owner cost between $700 and $1,000 at 28% of the total and is ranked #1. In addition, it has the largest proportion of owner cost between $1,000 and $1,500 at 15% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) DeSoto County depicts it has a % of Income Owner Costs-With Mortgage of 19% which is the smallest when ranked by cost as a percent of household income of all the other counties in the metro area. The county with the highest cost as a percent of household income in the area is Tunica County which shows a cost as a percent of household income of 25% (33.2% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. DeSoto County shows it has a % of Income Owner Costs-No Mortgage of 9% which is the smallest in terms of cost as a percent of household income of all the other counties in the surrounding region. The county with the highest cost as a percent of household income in the area is Panola County which shows a cost as a percent of household income of 13% (40.0% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) DeSoto County has one of the largest proportions of rent as a percent of income is less than 10 pct at 25% of the total and is ranked #3. Only #2 Marshall County (29%), and #1 Tunica County (31%) are larger. Second, it has one of the largest proportions of rent as a percent of income is between 10pct to 20pct at 24% of the total and is ranked #2. The only larger county being Marshall County with 24%. Third, it has in the mid range of other counties in the greater region as measured by rent as a percent of income is between 40pct to 50pct at 19% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. DeSoto County has the smallest proportion of housing cost between $300 and $500 at 9% of the total. Second, it has the largest proportion of housing cost between $700 and $1,000 at 33% of the total and is ranked #1. Third, it has the largest proportion of housing cost between $1,000 and $1,500 at 13% of the total and is ranked #1. Also, it has the largest proportion of housing cost between $1,500 and $2,000 at 5% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,297 which is the second most median real estate taxes paid of all the counties in the greater DeSoto County region. The county with the highest median real estate taxes paid in the area is Shelby County which depicts a taxes paid of $2,064 (59.1% larger). Comparing median real estate taxes paid to the United States average of $2,471, DeSoto County is approximately half the size. Also, in comparison with the state of Mississippi, median real estate taxes paid of $958, DeSoto County is 35.4% larger.

Figure 23 shows the rental rate distribution for this area. DeSoto County Mississippi has the smallest proportion of rent less than 300 dollars at 3% of the total. Second, it has the smallest proportion of rent between 300 and 500 dollars at 9% of the total. Third, it has the largest proportion of rent between 750 and 1000 dollars at 45% of the total and is ranked #1. Also, it has the largest proportion of rent between 1000 and 1500 dollars at 10% of the total and is ranked #1.

DeSoto County Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. DeSoto County has the largest proportion of both 2nd mortgage and heloc at 61% of the total and is ranked #1. Second, it has the smallest proportion of no 2nd mortgage and no heloc at 32% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. DeSoto County has the smallest proportion of houses with mortgages at 32% of the total.

DeSoto County Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.4 which is the third most of all other counties in the local area. The county with the highest family members per housing unit in the area is Shelby County which shows a family members per housing unit of 3.5 ( only slightly larger). Comparing family members per housing unit to the United States average of 3.3, DeSoto County is only about 2.6% larger. Also, compared with the state of Mississippi, family members per housing unit of 3.3, DeSoto County is only slightly larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 6.0 which is the largest of all counties in the greater DeSoto County region. Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1995 which is at the top of all other counties in the greater DeSoto County region.

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built in 2014 or later at 4% of the total and is ranked #1. Second, it has the largest proportion of homes built between 2010 to 2013 at 31% of the total and is ranked #1. Third, it has the smallest proportion of homes built between 1980 to 1989 at 12% of the total. Also, it has the smallest proportion of homes built between 1970 to 1979 at 6% of the total. In addition, it has the smallest proportion of homes built between 1960 to 1969 at 2% of the total. Furthermore, it has the smallest proportion of homes built between 1940 to 1949 at 1% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 16,359 of the total and is ranked #2. The only larger county being Shelby County with 157,847.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the smallest proportion of one unit attached at 1% of the total. Second, it has the second smallest when sorted by one unit detached of all the other counties in the area when sorted by 50 or more units at 5% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2014 or later at $218,800 of the total and is ranked #2. The only larger county being Shelby County with $269,000. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $199,600 of the total and is ranked #2. The only larger county being Shelby County with $229,700. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $154,100 of the total and is ranked #2. The only larger county being Shelby County with $193,600. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $152,200 of the total and is ranked #2. The only larger county being Shelby County with $173,300. In addition, it has the largest proportion of value of homes built 1980 to 1989 at $128,700 of the total and is ranked #1. Furthermore, it has one of the largest proportions of value of homes built 1970 to 1979 at $96,800 of the total and is ranked #3. Only #2 Panola County ($102,900), and #1 Tate County ($109,800) are larger. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $94,700 of the total and is ranked #3. Only #2 Tate County ($122,000), and #1 Tunica County ($168,000) are larger. Additionally, it has one of the largest proportions of value of homes built 1950 to 1959 at $127,400 of the total and is ranked #2. The only larger county being Marshall County with $160,500. And then, it has the second smallest when ranked by value of homes built 2014 or later of all the other counties in the greater region in order of value of homes built 1940 to 1949 at $116,800 of the total.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. has the smallest proportion of occupied housing units at 6% of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for DeSoto County residents. it has a Owner-Household Size of 2.8 which is the largest of all counties in the area.

Figure 37 shows the household size for renters. DeSoto County shows it has a Renter-Household Size of 2.9 which is ranked #1 of all counties in the greater DeSoto County region. Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2017 or later at 10% of the total and is ranked #2. The only larger county being Panola County with 12%. Second, it has the largest proportion of owners moved in 2015 to 2016 at 23% of the total and is ranked #1. Third, it has the largest proportion of owners moved in 2010 to 2014 at 38% of the total and is ranked #1. Also, it has the smallest proportion of owners moved in 2000 to 2009 at 14% of the total. In addition, it has the smallest proportion of owners moved in 1990 to 1999 at 9% of the total. Figure 39 shows the year that people who rent moved into the area. DeSoto County has one of the largest proportions of renters moved in 2015 to 2016 at 39% of the total and is ranked #2. The only larger county being Panola County with 47%. Second, it has the smallest proportion of renters moved in 2010 to 2014 at 9% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2006 which is ranked #1 of all counties in the greater DeSoto County region. Figure 41 compares the median year that renters moved into their home. DeSoto County depicts it has a Renter Median Year Moved In of 2015 which is the largest of all counties in the greater DeSoto County region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of homes using natural gas less than most other counties in the greater region at 6% of the total. Second, it has the smallest proportion of home using bottled, tank, or lp gas at 38% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the DeSoto County housing department, Mississippi department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. DeSoto County depicts it has a Total In Group Quarters of 803 which is in the middle range of other counties in the local area.