DeSoto County Area Home Supply Charts

This page looks at a variety of DeSoto County Mississippi housing market data taken from the most recent 2019 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 66,159 which is the second most housing units of all the counties in the greater DeSoto County region.

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 138.9 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 529.7 (approximately 3.8 times bigger). Comparing housing density to the United States average of 38.6, DeSoto County is approximately 3.6 times bigger. Also, measured against the state of Mississippi, housing density of 27.9, DeSoto County is approximately 5.0 times 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 change in the housing units of 7.3% which is the largest of all counties in the greater DeSoto County region. Comparing change in the housing units to the United States average of 4.9%, DeSoto County is 50.4% larger. Also, in contrast to the state of Mississippi, change in the housing units of 3.2%, DeSoto County is approximately 2.3 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 shows it has a renter percent of 26.3% which is less than most other counties in the greater region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has an owner percent of 73.7% 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 indicates it has a median home price of $162,000 which is the most of all counties in the greater region. 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 rental rates of $1,029 which is the largest of all counties in the greater DeSoto County region. Comparing rental rates to the United States average of $1,023, DeSoto County is about the same size. Also, compared to the state of Mississippi, rental rates of $762, DeSoto County is 35.0% 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 5% of the total. Second, it has the smallest proportion of home price worth between $50,000 to $100,000 at 16% of the total. Third, it has the largest proportion of home price worth between $100,000 to $200,000 at 46% of the total and is ranked #1. Also, it has the largest proportion of home price worth between $200,000 to $300,000 at 23% 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 ownership cost of $1,023 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 cost as a percent of household income of 17% which is in the middle range of other counties in the surrounding region. 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 a percent of median worker earnings of 361% which is at the top of all other 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 shows it has a median housing cost of $1,265 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 housing cost of $395 which is the third most of all other counties in the area.

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 greater region at 8% of the total. Second, it has the second smallest when ranked by owner cost less than $300 of all the other counties in the local area when sorted by owner cost between $300 and $500 at 16% of the total. Third, it has the smallest proportion of owner cost between $500 and $700 at 10% of the total. Also, it has the smallest proportion of owner cost between $700 and $1,000 at 16% of the total. In addition, it has the largest proportion of owner cost between $1,000 and $1,500 at 28% of the total and is ranked #1. Furthermore, it has the largest proportion of owner cost between $1,500 and $2,000 at 16% 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 shows it has a cost as a percent of household income of 19% which is the smallest when sorted by cost as a percent of household income of all the other counties in the local 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 23% (21.2% 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 cost as a percent of household income of 9% which is the smallest when sorted by cost as a percent of household income of all the other counties in the local area. 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% (45.6% 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 the largest proportion of rent as a percent of income is between 20pct to 30pct at 24% of the total and is ranked #1. Second, it has in the mid range of other counties in the greater region in order of rent as a percent of income is over 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 $500 and $700 at 9% of the total. Second, it has the largest proportion of housing cost between $1,000 and $1,500 at 32% of the total and is ranked #1. Third, it has the largest proportion of housing cost between $1,500 and $2,000 at 13% 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 $1,253 which is the second most of all the counties in the surrounding region. The county with the highest median real estate taxes paid in the area is Shelby County which depicts a taxes paid of $2,026 (61.7% larger). Comparing median real estate taxes paid to the United States average of $2,375, DeSoto County is approximately half the size. Also, compared to the state of Mississippi, median real estate taxes paid of $924, DeSoto County is 35.6% larger.

Figure 23 shows the rental rate distribution for this area. DeSoto County Mississippi has the smallest proportion of rent between 300 and 500 dollars at 3% of the total. Second, it has the smallest proportion of rent between 500 and 750 dollars at 10% of the total. Third, it has the largest proportion of rent between 1000 and 1500 dollars at 42% of the total and is ranked #1. Also, it has the largest proportion of rent between $1,500 and $2,500 at 9% of the total and is ranked #1. In addition, it has the largest proportion of rent between $2,500 and $3,500 at 0% 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 with mortgage at 69% of the total and is ranked #1. Second, it has the largest proportion of no 2nd mortgage and no heloc at 62% of the total and is ranked #1. Third, it has the smallest proportion of no mortgage at 31% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. DeSoto County has the largest proportion of houses with mortgages at 69% of the total and is ranked #1. Second, it has the smallest proportion of houses without mortgages at 31% of the total.

DeSoto County Home Characteristics Charts

The next section of charts provide a wide range of metrics related to the housing market physical characteristics which can be useful for a real estate investor. Figure 27 looks at the number of people living in a typical house in the real estate market starting with the average household size (families and non families). DeSoto County has the largest proportion of housing density at 2.8 of the total and is ranked #1. Figure 28 shows the household size for families living in the area and it has a family members per housing unit of 3.4 which is the third most of all other counties in the greater region. The county with the highest family members per housing unit in the area is Panola County which depicts a family members per housing unit of 3.6 (only about 4.3% larger). Comparing family members per housing unit to the United States average of 3.3, DeSoto County is only slightly larger. Also, in comparison with the state of Mississippi, family members per housing unit of 3.3, DeSoto County is only about 2.7% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has an average number of rooms in a house 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 year built of 1995 which is the largest of all 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 3% of the total and is ranked #1. Second, it has the largest proportion of homes built between 2010 to 2013 at 4% of the total and is ranked #1. Third, it has the largest proportion of homes built between 2000 to 2009 at 32% of the total and is ranked #1. Also, it has the smallest proportion of homes built between 1970 to 1979 at 12% of the total. In addition, it has the second smallest when sorted by homes built in 2014 or later of all the other counties in the local area when sorted by homes built between 1960 to 1969 at 6% of the total. Furthermore, it has the smallest proportion of homes built between 1950 to 1959 at 2% of the total. Next it has the smallest proportion of homes built between 1940 to 1949 at 1% of the total. Additionally, it has the smallest proportion of homes built between 1939 or earlier 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 45,743 of the total and is ranked #2. The only larger county being Shelby County with 193,879. Second, it has one of the largest proportions of renter housing units at 16,335 of the total and is ranked #2. The only larger county being Shelby County with 156,381.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit detached at 82% of the total and is ranked #1. Second, it has the smallest proportion of 2 units at 1% of the total. Third, it has the second smallest as measured by one unit detached of all the other counties in the area in order of mobile home 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 $218,500 of the total and is ranked #2. The only larger county being Shelby County with $320,700. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $211,300 of the total and is ranked #3. Only #2 Tunica County ($225,600), and #1 Shelby County ($255,700) are larger. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $188,300 of the total and is ranked #2. The only larger county being Shelby County with $222,000. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $150,700 of the total and is ranked #2. The only larger county being Shelby County with $189,800. In addition, it has one of the largest proportions of value of homes built 1980 to 1989 at $150,600 of the total and is ranked #2. The only larger county being Shelby County with $166,100. Furthermore, it has the largest proportion of value of homes built 1970 to 1979 at $121,400 of the total and is ranked #1. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $97,200 of the total and is ranked #2. The only larger county being Panola County with $109,000. Additionally, it has one of the largest proportions of value of homes built 1950 to 1959 at $109,400 of the total and is ranked #3. Only #2 Tate County ($115,800), and #1 Tunica County ($170,300) are larger. And then, it has one of the largest proportions of value of homes built 1940 to 1949 at $120,200 of the total and is ranked #2. The only larger county being Marshall County with $156,700. Also, it has the second smallest when sorted by value of homes built 2014 or later of all the other counties in the metro area in terms of value of homes built 1939 or earlier at $111,800 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. it has the largest proportion of occupied housing units at 94% of the total and is ranked #1. Second, it has the smallest proportion of vacant 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 homeowner household size of 2.8 which is more than all other counties in the greater DeSoto County region.

Figure 37 shows the household size for renters. DeSoto County shows it has a renter household size of 2.9 which is the highest of all counties in the greater region. Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2017 or later at 3% of the total and is ranked #1. Second, it has the largest proportion of owners moved in 2015 to 2016 at 8% of the total and is ranked #1. Third, it has the largest proportion of owners moved in 2010 to 2014 at 24% of the total and is ranked #1. Also, it has the smallest proportion of owners moved in 1990 to 1999 at 15% of the total. In addition, it has the smallest proportion of owners moved in 1989 or earlier at 10% 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 2017 or later at 11% of the total and is ranked #2. The only larger county being Tate County with 18%. Second, it has the smallest proportion of renters moved in 2015 to 2016 at 22% of the total. Third, it has the largest proportion of renters moved in 2010 to 2014 at 53% of the total and is ranked #1. Also, it has the smallest proportion of renters moved in 2000 to 2009 at 11% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a median year that a home owner moved in of 2005 which is more than all other 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 median year that a renter moved in of 2013 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. it has the largest proportion of homes using natural gas at 56% of the total and is ranked #1. Second, it has less than most other counties in the greater region when sorted by home using bottled, tank, or lp gas at 6% of the total. Third, it has the smallest proportion of home using electricity at 37% of the total. Also, it has the second smallest in terms of homes using natural gas of all the other counties in the local area when sorted by homes using some other fuel at 0% 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 indicates it has a total people living in group quarters of 761 which is in the center range of other counties in the greater region.