Real Estate Investing in Horn Lake, Mississippi (38637)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38637 (Horn Lake, MS)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Horn Lake, MS (38637)?
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Market Analysis: 38637 Horn Lake
ZIP 38637 inside DeSoto County looks affordable on the surface — median value of $203K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 38637 can be a worth a close look for hunting ground — but the discount at $203K reflects genuine risk that outside investors often underestimate.
ZIP 38637's metrics run below DeSoto County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 38637 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 38637 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Horn Lake:
Property Strategy for 38637
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $147,937 | $1,400 | 6.8% | +9.0% | $73,968 |
| 3BR | $193,147 | $1,850 | 6.9% | +6.5% | $64,382 |
| 4BR | $275,608 | $2,150 | 5.6% | +6.6% | $68,902 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 38637 Compare?
| Metric | 38637 | Horn Lake | Memphis, TN-MS-AR | Mississippi |
|---|---|---|---|---|
| Home Value | $203,485 | $203,485 | N/A | $186,446 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 4.0% |
| Avg Rent | $1,512 | $1,512 | N/A | - |
| Cap Rate | 5.8% | 5.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 38637 (Horn Lake, MS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,485 |
| Monthly Rent | $1,512 |
| Price-to-Rent | 11.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | -0.6% ▼ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +4.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 38637
Population: 26,622
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 38637
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Horn Lake in MS worth investing in?
Horn Lake, MS rates 3.0/5 for investability. With median values at $203K and rents near $1,512/mo, the market offers reasonable fundamentals for rental investors.
How high is vacancy risk in Horn Lake, MS?
Vacancy in Horn Lake, MS is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,512/mo.
How much is rent in Horn Lake, MS?
Average rent in Horn Lake, MS is approximately $1,512/mo per month. Against $203K home values that yields a reasonable rent-to-price ratio.
How much does a house cost in Horn Lake, MS?
Median home price in Horn Lake, MS is near $203K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Can I live-in-and-rent in Horn Lake, MS?
Horn Lake, MS offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,512/mo rent level.
You know 38637 now. You don’t know where it ranks.
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How 38637 ranks in Memphis, TN-MS-AR
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