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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Horn Lake, MS Housing Affordability Index

Horn Lake, Mississippi has an MBR Housing Affordability Index score of 118.7 (More Affordable Than Average) as of October 30, 2026, ranking 232nd most affordable of 285 scored Mississippi cities, compared with 131.1 statewide and 97.4 nationally. On a median-priced $171,400 home with 20% down, the Mississippi average 30-year fixed rate of 7.20% means a monthly principal and interest payment of about $930, or 21% of the city’s $53,311 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Horn Lake is updated every night from live Mississippi mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Horn Lake MBR-HAI 118.7 More Affordable Than Average
Rank in Mississippi 232 of 285 1 = most affordable
Mississippi 131.1 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.20% Mississippi lenders
Median home value $171,400 U.S. Census Bureau

Horn Lake is 12.5 points below the Mississippi score. Scores as of October 30, 2026. See the Mississippi index

View Horn Lake Mortgage Rates

What It Takes to Buy in Horn Lake

$930/mo
Principal & Interest
Median home, 20% down, 7.20%
$39,900
Income Needed
To keep the payment at 28% of income
$53,311
Median Household Income
Mississippi: $56,447
3.2x
Price-to-Income Ratio
Mississippi: 3.0x
$978/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,344/yr
Median Property Tax
0.78% of median value
37.3%
Owner Cost Burden
Owners spending 30%+ of income on housing
54.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Horn Lake, Mississippi. The rate is the Mississippi average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Horn Lake Ranks in Mississippi

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Cite the Horn Lake Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Horn Lake, Mississippi score: 118.7 (More Affordable Than Average), ranked 232 of 285 Mississippi cities. monitorbankrates.com/housing-affordability-index/mississippi/horn-lake”