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City Report · MS

Horn Lake

Pop. 26,647·8th most expensive in Mississippi·Rental market data updated monthly for Horn Lake, MS
Median rent (all units)
$1,571/mo
Year-over-Year
+2.5%
Month-over-Month
+3.1%
vs US Median
-$394
Rising (Monthly)
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Most AffordableMost Expensive
Horn Lake · $1,571
More affordable than 71% of US cities · National median $1,965/mo
Rent Reality Score
56/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Horn Lake's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,571/mo
Expected by trend
$1,621/mo
The Rent Reality Score compares today's median rent to where Horn Lake's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,170
1 BR
$1,270
2 BR
$1,430
3 BR
$1,880
4 BR+
$2,200
Research median
$1,430/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
$18,852/yr
At $1,571/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 2.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+2.5% YoY, +3.1% MoM), not inventory.
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Demographics

Who lives here

Horn Lake, MS is majority owner-occupied, has a large share of families with children, has a median income below the national average, 16.5% of residents hold a bachelor's degree or higher.

Population
26,647
Median income
$53,311
Median age
33.5
Renters
41.9%
Age distribution
26.5%
26.1%
25.5%
Under 1826.5%
18–3426.1%
35–5425.5%
55–6410.9%
65+11%
Gender
45.9%
54.1%
Male45.9%
Female54.1%
Race & ethnicity
36.2%
50.1%
White36.2%
Black50.1%
Hispanic9.2%
Asian0.8%
Other3.7%
Education (25+)
13.4%
38.9%
31.2%
16.5%
No HS diploma13.4%
HS diploma38.9%
Some college31.2%
Bachelor's+16.5%
Housing tenure
58.1%
41.9%
Owner58.1%
Renter41.9%

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

2021 vs 2026

How Horn Lake, MS has changed in 5 years

Rent
$1,196 → $1,571
up 31.4%
Income
$54,783 → $53,311
down 2.7%
Population
26,623 → 26,647
up 0.1%
Renter share
42.8% → 41.9%
-0.9 pts
Bachelor's+
17.4% → 16.5%
-0.9 pts

Compared with 2021, rent in Horn Lake, MS has climbed by $375 per month, settling near $1,571 after starting the period at $1,196. Census figures show median household income at $53,311 today, compared with $54,783 five years earlier. Rent outpaced income growth by roughly 34.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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View Horn Lake rent history (2015–2026) →
Salary vs rent

Can you afford rent in Horn Lake on your salary?

At $1,571/mo, how Horn Lake rent compares to typical pay (30% rule).

By apartment size

Horn Lake rent by bedroom count

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

Local insights

Tips for renters in Horn Lake

About renting in Horn Lake, MS

Last updated: July 20, 2026

The median rent in Horn Lake is $1,571/mo as of July 2026. A studio apartment averages $1,170/mo while a 2-bedroom runs $1,430/mo. One-bedroom apartments average $1,270/mo and 3-bedroom units go for $1,880/mo.

At 35% of local median household income ($53,311/yr), Horn Lake ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.

FAQ

Frequently asked questions

Is Horn Lake an affordable city for renters?

Horn Lake is considered moderate for renters. At $1,571/mo, rent takes approximately 35% of the local median household income ($53,311/yr). The standard benchmark is 30%. Horn Lake slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Horn Lake?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,571/mo in Horn Lake. The local median household income is $53,311/yr, meaning the typical Horn Lake household falls short of that threshold.

Is rent going up or down in Horn Lake?

Rent in Horn Lake has increased 2.5% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Horn Lake rent compare to other cities in Mississippi?

Horn Lake is one of the pricier cities in Mississippi for rent, ranking #8 out of 28 tracked cities at $1,571/mo.

Which nearby cities are cheaper to rent in than Horn Lake?

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

What percentage of Horn Lake residents rent vs. own?

According to Census data, approximately 41.9% of Horn Lake households are renters, while 58.1% are owner-occupied. Horn Lake leans toward homeownership, which can mean a smaller rental inventory.

How does Horn Lake rent compare to the national average?

Horn Lake's median rent of $1,571/mo is $394 (20%) below the US national median of $1,965/mo. Within Mississippi, it ranks #8 out of 28 tracked cities.
Income Affordability
35%
MODERATE

At $1,571/mo, rent takes ~35% of Horn Lake's median household income ($53,311/yr). The standard benchmark is 30%.

Horn Lake 35%Benchmark 30%
State income tax4.7%
Run the Horn Lake affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Horn Lake, MS

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