Market Overview
Home Prices in Horn Lake, MS
The median home value in Horn Lake, MS is $205,360 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and down 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Horn Lake are priced50% below average. Horn Lake is part of the Memphis, TN-MS-AR metro area.
Over the past five years, Horn Lake home values have risen by approximately25.4%, reflecting strong long-term appreciation in this market.
Price History
Horn Lake Home Price Trend
City Comparison
Horn Lake vs. National Median
At $205,360, homes in Horn Lake cost 50% below the national median of $410,000. This makes Horn Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Horn Lake?
20% Down Payment
$41,072
on $205,360
Monthly P&I
$1,071/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,360/mo
incl. taxes & insurance
Income Needed
$54,400
gross annual (30% rule)
10% Down Option
$20,536
+ PMI applies
Loan Amount (20% dn)
$164,288
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Horn Lake, MS?
The median home value in Horn Lake is $205,360 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Horn Lake?
Over the past year, home values in Horn Lake have increased by 0.6%. Over five years, prices have risen approximately 25.4%.
How much do I need to earn to buy a home in Horn Lake?
To comfortably afford the median home price of $205,360 with a 20% down payment ($41,072) at today's rates (6.8%), you'd need a gross annual income of approximately $54,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Horn Lake compare to the national average home price?
The national median home value is approximately $410,000. At $205,360, homes in Horn Lake are 50% below the national average.
What metro area is Horn Lake part of?
Horn Lake is part of the Memphis, TN-MS-AR metropolitan area. Home prices and market conditions can vary across the broader metro region.