ZIP Code · MS

ZIP 38671

Pop. 37,319·DeSoto County·15th most expensive ZIP in Mississippi
Median rent (all units)
$1,505/mo
Year-over-Year
Stable
Month-over-Month
-0.4%
vs US Median
-$427
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 38671 · $1,505
More affordable than 73% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,170
1 BR
$1,270
2 BR
$1,400
3 BR
$1,850
4 BR+
$2,150
Research median
$1,400/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 38671 usually run 0.8% below trend in February and 0.8% above it in September, about $24 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 38671 is 1.6% below its high of $1,529 in December 2025, at $1,505 as of September 2026.

Past year vs. the rest of Mississippi

Rent in ZIP 38671 changed +0.1% over the year to September 2026. Across the 30 Mississippi ZIP codes Zillow tracks, the typical change was +4.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 38671 rose 41.1% while median household income rose 20.8% ($51,214 to $61,843). Rent outpaced income.

Since before the pandemic

Rent in ZIP 38671 is 42% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 2 months in a row, and rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($61,843) is $1,546 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,400); a 3-bedroom is $1,850.

Cheaper nearby

ZIP 38116, 5 miles away, rents for 38% less ($928/mo), about $6,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 38671. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$18,060/yr
At $1,505/mo median
Location
StateMS
CountyDeSoto County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.1% YoY, -0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 38671 (Southaven, MS) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 22.4% of residents hold a bachelor's degree or higher.

Population
37,319
Median income
$61,843
Median age
33.5
Renters
35.5%
Age distribution
27%
25.1%
23.8%
13.3%
Under 1827%
18–3425.1%
35–5423.8%
55–6410.9%
65+13.3%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
48.8%
42.1%
White48.8%
Black42.1%
Hispanic5.4%
Asian0.6%
Other3.2%
Education (25+)
33.6%
35.5%
22.4%
No HS diploma8.6%
HS diploma33.6%
Some college35.5%
Bachelor's+22.4%
Housing tenure
64.5%
35.5%
Owner64.5%
Renter35.5%

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

2021 vs 2026

How ZIP 38671 in Southaven, MS has changed in 5 years

Rent
$1,210 → $1,505
up 24.4%
Income
$54,183 → $61,843
up 14.1%
Population
36,166 → 37,319
up 3.2%
Renter share
38.5% → 35.5%
-3.0 pts
Bachelor's+
19.5% → 22.4%
+2.9 pts

Since 2021, the typical rent in ZIP 38671 in Southaven, MS has increased from $1,210 to $1,505, a 24.4% change over five years. Median household income rose from $54,183 to $61,843 between 2021 and 2024, a 14.1% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.2% since 2021, moving from about 36,166 residents to roughly 37,319. Renters now make up 35.5% of households, compared with 38.5% five years ago. College-educated residents now make up 22.4% of adults here, versus 19.5% in 2021. Taken together, the five-year picture in ZIP 38671 in Southaven, MS reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 38671

Last updated: October 17, 2026

ZIP code 38671 covers Southaven, MS. The median rent here is $1,505/mo as of October 2026. A 1-bedroom rents for a median of $1,270/mo. A 2-bedroom rents for a median of $1,400/mo.

At 29% of local median household income ($61,843/yr), ZIP 38671 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 38671?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (about $29/hour full-time) to afford the median rent of $1,505/mo in ZIP 38671. The local median household income is $61,843/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 38671?

Rent in ZIP 38671 has been roughly flat over the past year as of September 2026, a +0.1% change. It sits 1.6% below its high of $1,529 in December 2025.

When is the cheapest time to rent in ZIP 38671?

Asking rents in ZIP 38671 are usually lowest in February, about 0.8% below their yearly trend, and highest in September, about 0.8% above it. At today's median that is a gap of roughly $24 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 38671?

Yes. From 2019 to 2024, rent in ZIP 38671 rose 41.1% while median household income rose 20.8%, from $51,214 to $61,843. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 38671 compare to other ZIPs in Mississippi?

ZIP 38671 is in the middle among Mississippi ZIP codes for rent, ranking #15 of 42 at $1,505/mo. Over the year to September 2026, rent in ZIP 38671 changed +0.1%, against a typical +4.6% across the 30 Mississippi ZIP codes Zillow tracks.

How does ZIP 38671 compare to the rest of Southaven?

At $1,505/mo, ZIP 38671 is $70 below the Southaven citywide median of $1,575/mo.
Income Affordability
29%
AFFORDABLE

At $1,505/mo, rent takes ~29% of ZIP 38671's median household income ($61,843/yr). The standard benchmark is 30%.

ZIP 38671 29%Benchmark 30%
State income tax4.7%
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Schools nearby

Public schools near ZIP 38671 (Southaven, MS)

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