US5.com
  1. Home
  2. States
  3. Mississippi
  4. ZIP 38637
  5. Housing & Real Estate
Horn Lake city, MS

ZIP 38637 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38637

Median Home Value
$158,900
Median Rent
$1,065
Affordability Snapshot
$44,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,021/mo PITI).

22%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.4 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 38637 in Horn Lake city, MS, a household would need roughly $44,000 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 $1,021. That sits below the local median household income ($56,847), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
59.3%-9% vs US avg
x
Vacancy Rate
8.5%-18% vs US avg
x
Broadband Access
90.4%+4% vs US avg
x
4+ Bedrooms
2.7%-82% vs US avg
x
Built Pre-1939
0.7%-95% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
19.4%-61% vs US avg
x
Mortgage-Free
31.7%-17% vs US avg
x
$158,900
Home Value
$1,065
Rent
1990
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached76.7%
  • 1-unit attached1.3%
  • 2-9 units13.1%
  • 10+ units6.7%
  • Mobile home & other2.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$158,900
Median rent$1,065
Owner-occupied59.3%
Vacant8.5%
Price-to-income2.8x
Est. income to buy$44,000