Hernando, MS housing market
The typical Hernando home is worth about $345,000, up 2.2% in a year, 74% above the Mississippi typical home. Homes typically sell in 61 days, close to asking.
Home values, sales, trends and how Hernando compares with the towns next door — updated as new data is published.
Hernando at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Hernando | Mississippi |
|---|---|---|
| 2017 | $217,000 | $138,000 |
| 2018 | $225,000 | $140,000 |
| 2019 | $239,000 | $144,000 |
| 2020 | $250,000 | $150,000 |
| 2021 | $272,000 | $162,000 |
| 2022 | $312,000 | $185,000 |
| 2023 | $331,000 | $188,000 |
| 2024 | $336,000 | $188,000 |
| 2025 | $336,000 | $195,000 |
| 2026 | $342,000 | $195,000 |
| August 2026 | $345,000 | $198,000 |
109 new homes permitted in 2025
Builders were permitted 109 new homes in Hernando in 2025, all single-family houses, worth about $17.4 million to build. That's 6.1 per 1,000 residents, faster than across Mississippi (4). Over the past 10 years, Hernando has permitted 1,453 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Hernando gained 3,048 residents while 1,058 new homes were permitted: about 2.9 new residents per new home. Building and growth moved roughly in step.
How Hernando ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 83 | 83 | 0 | $16.6 million |
| 2025 | 109 | 109 | 0 | $17.4 million |
| 2024 | 142 | 142 | 0 | $22.1 million |
| 2023 | 102 | 102 | 0 | $20.1 million |
| 2022 | 134 | 126 | 8 | $27.4 million |
| 2021 | 273 | 273 | 0 | $44.5 million |
| 2020 | 164 | 164 | 0 | $28 million |
| 2019 | 214 | 214 | 0 | $37.3 million |
| 2018 | 96 | 96 | 0 | $13.2 million |
| 2017 | 135 | 135 | 0 | $18.6 million |
| 2016 | 84 | 84 | 0 | $11.4 million |
| 2015 | 64 | 64 | 0 | $8.5 million |
| 2014 | 92 | 92 | 0 | $12.2 million |
| 2013 | 99 | 99 | 0 | $13.3 million |
| 2012 | 102 | 102 | 0 | $16.5 million |
| 2011 | 85 | 85 | 0 | $13.8 million |
| 2010 | 87 | 87 | 0 | $14.1 million |
| 2009 | 85 | 85 | 0 | $13.8 million |
| 2008 | 108 | 108 | 0 | $17.4 million |
| 2007 | 187 | 187 | 0 | $31.1 million |
| 2006 | 309 | 309 | 0 | $43.8 million |
| 2005 | 275 | 275 | 0 | $30.3 million |
| 2004 | 209 | 209 | 0 | $24.9 million |
| 2003 | 279 | 279 | 0 | $28.8 million |
| 2002 | 239 | 239 | 0 | $24 million |
| 2001 | 221 | 221 | 0 | $20.2 million |
| 2000 | 192 | 152 | 40 | $11.2 million |
How Hernando ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Hernando and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Hernando | $345K | +2.2% | $1,330 | 109 | $76,950 |
| Southaven | $273K | +1.5% | $1,570 | 157 | $78,483 |
4.5 years of income
The typical Hernando home costs about 4.5 years of the town's median household income, more than across Mississippi (3.5 years).
How Hernando ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,330
HUD's Fair Market Rent for a two-bedroom in Hernando is $1,330 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Hernando pay a median of $1,302. A two-bedroom takes about 21% of the town's median household income.
Studio $1,100 · 4 bedrooms $2,040
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (38632, 38651; Memphis, TN-MS-AR HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.