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ZIP Code · MS

ZIP 38632

Part of Hernando, MS
Pop. 31,374·DeSoto County·3rd most expensive ZIP in Mississippi
Median rent (all units)
$2,261/mo
Year-over-Year
+4.0%
Month-over-Month
+2.8%
vs US Median
+$296
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 38632 · $2,261
More expensive than 72% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,070
1 BR
$1,170
2 BR
$1,290
3 BR
$1,700
4 BR+
$1,980
Research median
$1,290/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
Location
StateMS
CountyDeSoto County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.0% YoY, +2.8% MoM), not inventory.
Demographics

Who lives here

ZIP 38632 (Hernando, MS) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 36.2% of residents hold a bachelor's degree or higher.

Population
31,374
Median income
$93,583
Median age
40
Renters
11.8%
Age distribution
25.2%
18.1%
27.7%
12.4%
16.5%
Under 1825.2%
18–3418.1%
35–5427.7%
55–6412.4%
65+16.5%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
81.8%
White81.8%
Black10.3%
Hispanic2.3%
Asian1%
Other4.6%
Education (25+)
24.8%
31%
36.2%
No HS diploma7.9%
HS diploma24.8%
Some college31%
Bachelor's+36.2%
Housing tenure
88.2%
Owner88.2%
Renter11.8%

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

2021 vs 2026

How ZIP 38632 in Hernando, MS has changed in 5 years

Income
$74,866 → $93,583
up 25.0%
Population
28,361 → 31,374
up 10.6%
Renter share
13.4% → 11.8%
-1.6 pts
Bachelor's+
29.2% → 36.2%
+7.0 pts
Median age
40.6 → 40
-0.6 yrs

Median household income rose from $74,866 to $93,583 between 2021 and 2024, a 25.0% shift. The population has grown by 10.6% since 2021, moving from about 28,361 residents to roughly 31,374. Renters now make up 11.8% of households, compared with 13.4% five years ago. College-educated residents now make up 36.2% of adults here, versus 29.2% in 2021.

Community

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Local insights

Tips for renters in ZIP 38632

About renting in ZIP 38632

Last updated: July 20, 2026

ZIP code 38632 covers Hernando, MS. The median rent here is $2,261/mo as of July 2026. A 1-bedroom rents for a median of $1,170/mo. A 2-bedroom rents for a median of $1,290/mo.

At 29% of local median household income ($93,583/yr), ZIP 38632 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 38632?

As of July 20, 2026, the median monthly rent in ZIP 38632 (Hernando, MS) is $2,261. This is based on aggregated data from public sources and community submissions.

How does ZIP 38632 rent compare to the US average?

ZIP 38632's median rent of $2,261/mo is $296 (15%) above the US national median of $1,965/mo.

How does ZIP 38632 compare to other ZIPs in Mississippi?

ZIP 38632 is one of the pricier ZIP codes in Mississippi, ranking #3 out of 38 ZIPs tracked at $2,261/mo.

How much income do you need to rent in ZIP 38632?

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 ZIP 38632. The local median household income is $93,583/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 38632?

Rent in ZIP 38632 has increased 4.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 38632 an affordable place to rent?

ZIP 38632 is considered affordable for renters. At $2,261/mo, rent takes approximately 29% of the local median household income ($93,583/yr). The standard benchmark is 30%. ZIP 38632 falls comfortably within that range.

What percentage of ZIP 38632 residents rent vs. own?

According to Census data, approximately 11.8% of ZIP 38632 households are renters, while 88.2% are owner-occupied. ZIP 38632 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 38632 compare to the rest of Hernando?

ZIP 38632 sits right at the Hernando citywide median of $2,261/mo.

When was rent data for ZIP 38632 last updated?

Rent data for ZIP 38632 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $2,261/mo, rent takes ~29% of ZIP 38632's median household income ($93,583/yr). The standard benchmark is 30%.

ZIP 38632 29%Benchmark 30%
State income tax4.7%
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Schools nearby

Public schools near ZIP 38632 (Hernando, MS)

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