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City Report · MS

Hernando

Pop. 17,949·2nd most expensive in Mississippi·Hernando rents are up 5.5% over the past year
Median rent (all units)
$2,261/mo
Year-over-Year
+5.5%
Month-over-Month
+2.8%
vs US Median
+$296
Rising (Monthly)
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Most AffordableMost Expensive
Hernando · $2,261
More expensive than 71% of US cities · National median $1,965/mo
Affordability
35% of income
MODERATE
0%30% benchmark60%+

At $2,261/mo, rent takes about 35% of the local median household income, slightly above the 30% benchmark.

Income to afford
$90,000/yr
Local median income
$76,950/yr
Based on the 30%-of-income rule using Hernando's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,130
1 BR
$1,240
2 BR
$1,390
3 BR
$1,830
4 BR+
$2,140
Research median
$1,390/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$27,132/yr
At $2,261/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.5% YoY, +2.8% MoM), not inventory.
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Demographics

Who lives here

Hernando, MS is majority owner-occupied, has a large share of families with children, 34.5% of residents hold a bachelor's degree or higher.

Population
17,949
Median income
$76,950
Median age
38.6
Renters
18.8%
Age distribution
25.7%
20.2%
26.6%
17.2%
Under 1825.7%
18–3420.2%
35–5426.6%
55–6410.4%
65+17.2%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
76.9%
14.5%
White76.9%
Black14.5%
Hispanic7%
Asian1.2%
Education (25+)
25.6%
29%
34.5%
No HS diploma10.9%
HS diploma25.6%
Some college29%
Bachelor's+34.5%
Housing tenure
81.2%
18.8%
Owner81.2%
Renter18.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Hernando, MS has changed in 5 years

Income
$64,240 → $76,950
up 19.8%
Population
16,730 → 17,949
up 7.3%
Renter share
20.3% → 18.8%
-1.5 pts
Bachelor's+
36.2% → 34.5%
-1.7 pts
Median age
36.8 → 38.6
+1.8 yrs

Census figures show median household income at $76,950 today, compared with $64,240 five years earlier. The population has grown by 7.3% since 2021, moving from about 16,730 residents to roughly 17,949. Renters now make up 18.8% of households, compared with 20.3% five years ago.

Community

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View Hernando rent history (2015–2026) →
Salary vs rent

Can you afford rent in Hernando on your salary?

At $2,261/mo, how Hernando rent compares to typical pay (30% rule).

By apartment size

Hernando rent by bedroom count

Median rent for each apartment size in Hernando. Click any size for full breakdown.

Local insights

Tips for renters in Hernando

About renting in Hernando, MS

Last updated: July 20, 2026

The median rent in Hernando is $2,261/mo as of July 2026. A studio apartment averages $1,130/mo while a 2-bedroom runs $1,390/mo. One-bedroom apartments average $1,240/mo and 3-bedroom units go for $1,830/mo.

At 35% of local median household income ($76,950/yr), Hernando ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.5% over the past year.

FAQ

Frequently asked questions

Is Hernando an affordable city for renters?

Hernando is considered moderate for renters. At $2,261/mo, rent takes approximately 35% of the local median household income ($76,950/yr). The standard benchmark is 30%. Hernando slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Hernando?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (~$43/hour full-time) to afford the median rent of $2,261/mo in Hernando. The local median household income is $76,950/yr, meaning the typical Hernando household falls short of that threshold.

Is rent going up or down in Hernando?

Rent in Hernando has increased 5.5% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Hernando rent compare to other cities in Mississippi?

Hernando is one of the pricier cities in Mississippi for rent, ranking #2 out of 28 tracked cities at $2,261/mo.

Which nearby cities are cheaper to rent in than Hernando?

Several nearby cities have lower median rents than Hernando ($2,261/mo): Memphis ($1,280/mo), Southaven ($1,540/mo), Horn Lake ($1,571/mo).

What percentage of Hernando residents rent vs. own?

According to Census data, approximately 18.8% of Hernando households are renters, while 81.2% are owner-occupied. Hernando leans toward homeownership, which can mean a smaller rental inventory.

How does Hernando rent compare to the national average?

Hernando's median rent of $2,261/mo is $296 (15%) above the US national median of $1,965/mo. Within Mississippi, it ranks #2 out of 28 tracked cities.
Income Affordability
35%
MODERATE

At $2,261/mo, rent takes ~35% of Hernando's median household income ($76,950/yr). The standard benchmark is 30%.

Hernando 35%Benchmark 30%
State income tax4.7%
Run the Hernando affordability calculator →
Lowest-rent ZIP codes in Hernando
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Hernando, MS

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