Median home value: $198K (-0.5% YoY). Rent: $1,504/mo. Price-to-rent: 11.0x. Part of Memphis, TN-MS-AR.
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Basic Zillow data only. For stress scores, AI analysis, and trends, Memphis, TN-MS-AR metro page.
Home Value$197,777
-0.5%
Rent$1,504/mo
AFFORDABILITYBuying $189/mo cheaper ($1,504 rent)6.00% 30yr, 20% down, county tax + MS ins. 28% per HUD.
Enter your income for Horn Lake.
$39,555 on $197,777
Affordable — 21% of income
Under the 28% guideline.
PITI$1,315
P/I21%
Afford$263K
Room+$65K
P&I $949Tax $133Ins $233
Home Buying Kit For Dummies (2025)Financing, negotiation, closing