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Hernando city, MS

ZIP 38632 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38632

Median Home Value
$287,100
Median Rent
$1,076
Affordability Snapshot
$79,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,844/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

22.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 38632 in Hernando city, MS, a household would need roughly $79,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,844. That sits below the local median household income ($90,277), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
88.3%+35% vs US avg
x
Vacancy Rate
6.5%-37% vs US avg
x
Broadband Access
89.4%+3% vs US avg
x
4+ Bedrooms
10.7%-28% vs US avg
x
Built Pre-1939
2.3%-82% vs US avg
x
Built Post-2014
2.7%-61% vs US avg
x
Rent Burden >30%
6.6%-87% vs US avg
x
Mortgage-Free
35.5%-7% vs US avg
x
$287,100
Home Value
$1,076
Rent
1999
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached86.2%
  • 1-unit attached1.5%
  • 2-9 units4.4%
  • 10+ units3.0%
  • Mobile home & other5.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$287,100
Median rent$1,076
Owner-occupied88.3%
Vacant6.5%
Price-to-income3.2x
Est. income to buy$79,000