The median home in Hernando, Mississippi is valued at $338,967, up 1.7% year over year. Typical monthly rent is $2,142, producing a price-to-rent ratio of 13.2x — below the national average of 18x. Hernando is part of the Memphis, TN-MS-AR metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Memphis, TN-MS-AR stress score, crash risk, and 12-month forecast →

Home Value$338,967

+1.7%

Rent$2,142/mo

AFFORDABILITY

Enter your income for Hernando.

Income (annual)

Down Payment

$67,793 on $338,967

Stretch — 34.8% of income

Above 28% but manageable with cuts.

PITI$2,176

P/I34.8%

Afford$273K

Gap-$66K

P&I $1,714Tax $229Ins $233

Renting $34/mo cheaper ($2,142 rent)6.50% 30yr, 20% down, county tax + MS ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Mississippi

Compare Hernando with other housing markets across Mississippi.

Oxford$407K Madison$404K Taylor$372K Nesbit$351K Olive Branch$327K Flowood$323K Pass Christian$294K Flora$286K

Full Memphis, TN-MS-AR analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Memphis, TN-MS-AR metro.

View Memphis, TN-MS-AR metro →

HERNANDO, MS