Southaven, MS 38671 - Real Estate Investment Insights & Performance Data

Welcome to our 38671 real estate data hub, tailored for investors in Southaven, MS. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 38671 in Southaven, MS. Discover Section 8 housing opportunities and challenges to maximize your investment potential in DESOTO COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Southaven, MS real estate investing. Uncover the wealth of information available, and position yourself for success in the Southaven property market.

• Location Overview

  • Zip Code: 38671
  • City: Southaven
  • State: MS
  • Metro Area: Memphis, TN-MS-AR
  • County Name: DESOTO COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $215,890
  • Average Home Price (Single Family Homes): $216,068
  • Average Monthly Rental Price (All Types): $1,620
  • Price-to-Rent Ratio: 11
  • Zillow Projected % appreciation from 4/2023-4/2024: 2.2%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,210
  • Average 3 Bedroom Section 8 Rental Rates: $1,600
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 14.87
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 11.24
  • Number of Units Offered in Section 8 in the County: 477
  • Number of Occupied Units in Section 8 in the County: 458
  • Percentage of Section 8 Units Occupied in the County: 96%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 152.96
  • Total % Appreciation since 2000 (Government Data): 92.31
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.53%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 7.33%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 36.27%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 57.32%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 94.44%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.24%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.55%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 42.46%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 52.02%