Horn Lake Mississippi Area Home Supply Charts

This page looks at a variety of Horn Lake Mississippi housing market data taken from the most recent 2022 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. Horn Lake shows it has a Housing Units of 10,181 which is the third most housing units of all other places in the greater Horn Lake region.

Figure 2 illustrates the housing density in the Horn Lake housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Horn Lake shows it has a Housing Density of 634.4 which is the second most housing densities of all the places in the greater Horn Lake region. The city with the highest housing density in the area is Memphis which depicts a density of 914.3 (44.1% larger). Comparing housing density to the United States average of 39.5, Horn Lake is substantially bigger. Also, in comparison with the state of Mississippi, housing density of 28.0, Horn Lake is substantially bigger.

In Figure 4, Horn Lake area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Horn Lake shows it has a Housing Unit Change of 4.9% which is less than most other places in the metro area. The city with the highest change in the housing units in the area is Walls which shows a housing units of 38.6% ( substantially bigger). Comparing change in the housing units to the United States average of 7.4%, Horn Lake is approximately three-fourths the size. Also, in comparison with the state of Mississippi, change in the housing units of 3.3%, Horn Lake is 46.6% larger.

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.) Horn Lake depicts it has a Renter Percent of 42.8% which is the third most renter percent of all other places in the greater Horn Lake region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 57.2% which is less than most other places in the local area.

Horn Lake Mississippi Home Cost Charts

Looking at the housing data provided in Figure 7, the average Horn Lake home price is illustrated for this community and a useful analysis of affordable housing. Horn Lake shows it has a Median Home Value of $117,900 which is the second smallest when sorted by median home price of all the other places in the surrounding region. The city with the highest median home price in the area is Hernando which depicts a home price of $236,600 (about twice as large). Figure 8 provides aggregate comparative data for the Horn Lake Mississippi metro area in terms of the median housing rental rate, apartment rent, etc. Horn Lake depicts it has a Median Gross Rent of $1,121 which is the second most rental rates of all the places in the greater Horn Lake region. The city with the highest rental rates in the area is Lynchburg CDP which shows a rental rates of $1,593 (42.1% larger). Comparing rental rates to the United States average of $1,163, Horn Lake is only about 3.7% smaller. Also, versus the state of Mississippi, rental rates of $830, Horn Lake is 35.1% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Horn Lake has one of the largest proportions of home price worth less than $50,000 at 30% of the total and is ranked #2. The only larger city being Memphis with 33%. Second, it has one of the largest proportions of home price worth between $50,000 to $100,000 at 50% of the total and is ranked #3. Only #2 Walls (54%), and #1 Lynchburg CDP (78%) are larger. Third, it has less than most other places in the surrounding region when ranked by home price worth between $100,000 to $200,000 at 9% of the total. Also, it has the smallest proportion of home price worth between $200,000 to $300,000 at 1% of the total.

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. Horn Lake depicts it has a Median Owner Cost of $905 which is the smallest in terms of median ownership cost of all the other places in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Horn Lake metro area. it has a Owner Cost as % of HH Income of 18% which is the largest of all places in the greater Horn Lake 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. Horn Lake depicts it has a Median Home Value as Percent of Median Earnings of 312% which is the second smallest in order of median home value as a percent of median worker earnings of all the other places in the metropolitan area.

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.) Horn Lake depicts it has a Median Owner Costs-With Mortgage of $1,045 which is the smallest as measured by median housing cost of all the other places in the metropolitan area. 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 $351 which is less than most other places in the surrounding 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. Horn Lake has the largest proportion of owner cost less than $300 at 22% of the total and is ranked #1. Second, it has one of the largest proportions of owner cost between $300 and $500 at 12% of the total and is ranked #2. The only larger city being Memphis with 12%. Third, it has one of the largest proportions of owner cost between $500 and $700 at 25% of the total and is ranked #2. The only larger city being Walls with 33%. Also, it has the second smallest as measured by owner cost less than $300 of all the other places in the greater region in order of owner cost between $1,000 and $1,500 at 6% of the total. In addition, it has the smallest proportion of owner cost between $1,500 and $2,000 at 1% of the total.

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.) Horn Lake depicts it has a % of Income Owner Costs-With Mortgage of 21% which is the second most cost as a percent of household income of all the places in the greater Horn Lake region. The city with the highest cost as a percent of household income in the area is Memphis which depicts a cost as a percent of household income of 21% ( only slightly 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. Horn Lake shows it has a % of Income Owner Costs-No Mortgage of 9% which is the third most of all other places in the local area. The city with the highest cost as a percent of household income in the area is Hernando which depicts a cost as a percent of household income of 12% (35.6% 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.) Horn Lake has the largest proportion of rent as a percent of income is between 10pct to 20pct at 38% of the total and is ranked #1. Second, it has in the mid range of other places in the local area as measured by rent as a percent of income is between 40pct to 50pct at 18% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Horn Lake has the largest proportion of housing cost between $700 and $1,000 at 47% of the total and is ranked #1. Second, it has the smallest proportion of housing cost between $1,500 and $2,000 at 1% of the total.

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 $1,004 which is less than most other places in the area. The city with the highest median real estate taxes paid in the area is Memphis which depicts a taxes paid of $1,680 (67.3% larger). Comparing median real estate taxes paid to the United States average of $2,690, Horn Lake is approximately a third the size. Also, measured against the state of Mississippi, median real estate taxes paid of $1,052, Horn Lake is only about 4.8% smaller.

Figure 23 shows the rental rate distribution for this area. Horn Lake Mississippi has the percentage of rent between 500 and 750 dollars less than most other places in the local area at 16% of the total. Second, it has the largest proportion of rent between 750 and 1000 dollars at 68% of the total and is ranked #1. Third, it has the second smallest in order of rent less than 300 dollars of all the other places in the surrounding region when sorted by rent between 1000 and 1500 dollars at 6% of the total.

Horn Lake Mississippi Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Horn Lake has the largest proportion of Primary Mortgage and HELOC at 2% of the total and is ranked #1. Second, it has one of the largest proportions of With HELOC no Primary Mortgage at 29% of the total and is ranked #3. Only #2 Hernando (33%), and #1 Memphis (41%) are larger.

Horn Lake Mississippi Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.5 which is in the mid point range of other places in the area. The city with the highest family members per housing unit in the area is Walls 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, Horn Lake is only about 5.5% larger. Also, in comparison with the state of Mississippi, family members per housing unit of 3.3, Horn Lake is only about 5.1% 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 5.3 which is the second smallest as measured by average number of rooms in a house of all the other places in the local area. The city with the highest average number of rooms in a house in the area is Bridgetown CDP which depicts an average number of rooms in a house of 7.3 (37.7% larger). 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 1991 which is the second smallest in order of year built of all the other places in the greater region. The city with the highest year built in the area is Hernando which shows a year built of 2000 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built in 2020 or later the second smallest in terms of homes built in 2020 or later of all the other places in the local area at 5% of the total. Second, it has the second smallest in terms of homes built in 2020 or later of all the other places in the greater region as measured by homes built between 2010 to 2019 at 21% of the total. Third, it has one of the largest proportions of homes built between 2000 to 2009 at 27% of the total and is ranked #2. The only larger city being Lynchburg CDP with 36%. Also, it has the largest proportion of homes built between 1990 to 1999 at 21% of the total and is ranked #1.

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 4,045 of the total and is ranked #3. Only #2 Southaven (5,885), and #1 Memphis (132,817) are larger.

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 10 to 19 units at 3% of the total and is ranked #1. Second, it has the largest proportion of mobile home at 0% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2014 or later less than most other places in the local area at $151,600 of the total. Second, it has the second smallest when ranked by value of homes built 2014 or later of all the other places in the area when sorted by value of homes built 2010 to 2013 at $137,500 of the total. Third, it has less than most other places in the metro area as measured by value of homes built 2000 to 2009 at $116,800 of the total. Also, it has the second smallest when sorted by value of homes built 2014 or later of all the other places in the metro area in terms of value of homes built 1990 to 1999 at $111,100 of the total. In addition, it has less than most other places in the metropolitan area when sorted by value of homes built 1980 to 1989 at $85,900 of the total. Furthermore, it has one of the largest proportions of value of homes built 1970 to 1979 at $93,600 of the total and is ranked #2. The only larger city being Hernando with $236,800. Next it has the largest proportion of value of homes built 1960 to 1969 at $112,400 of the total and is ranked #1. Additionally, it has one of the largest proportions of value of homes built 1940 to 1949 at $114,300 of the total and is ranked #3. Only #2 Memphis ($181,400), and #1 Hernando ($217,400) are larger.

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 Horn Lake residents. it has a Owner-Household Size of 2.7 which is the second most of all the places in the greater region. The city with the highest homeowner household size in the area is Bridgetown CDP which depicts a homeowner household size of 3.4 (23.4% larger).

Figure 37 shows the household size for renters. Horn Lake shows it has a Renter-Household Size of 2.9 which is the second most renter household sizes of all the places in the greater Horn Lake region. The city with the highest renter household size in the area is Lynchburg CDP which shows a renter household sizes of 3.4 (15.1% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later less than most other places in the surrounding region at 17% of the total. Figure 39 shows the year that people who rent moved into the area. Horn Lake has one of the largest proportions of renters moved in 2019 or later at 60% of the total and is ranked #2. The only larger city being Lynchburg CDP with 95%.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2007 which is less than most other places in the local area. Figure 41 compares the median year that renters moved into their home. Horn Lake depicts it has a Renter Median Year Moved In of 2017 which is the third most median year that a renter moved in of all other places in the greater Horn Lake region.

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 Horn Lake housing department, Mississippi department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Horn Lake depicts it has a Total In Group Quarters of 48 which is in the mid point range of other places in the metro area.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Horn Lake residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Horn Lake has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.