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Affordable
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These days, finding an affordable place to live in the Hernando area can be challenging. Home prices in Hernando are now at a median cost of $314,902, higher than the Mississippi average of $183,008.
The average cost of rent is $1,227/mo in Hernando, primarily driven by the current value of real estate in the Hernando area. In Hernando, 14.02% of households rent, and 36.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hernando is $8,007 per month. Households that rent pay about 15.33% of their income on rent here. Hernando’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Love, MS: equally priced homes
- Nesbit, MS: equally priced homes
- Lewisburg, MS: higher priced homes
- West Days, MS: less expensive homes
- Eudora, MS: less expensive homes
- Southaven, MS: less expensive homes
- Horn Lake, MS: less expensive homes
- Cockrum, MS: higher priced homes
- Lake Cormorant, MS: less expensive homes
- Ingrams Mill, MS: equally priced homes
Cities with Similar Populations
- Palomas, PR: less expensive homes
- Marion, NC: less expensive homes
- Martinsville, VA: less expensive homes
- Maumelle, AR: equally priced homes
- Maywood, CA: higher priced homes
- McKeesport, PA: less expensive homes
- Meadville, PA: less expensive homes
- Mercer Island, WA: higher priced homes
- Milford Mill, MD: less expensive homes
- Mount Holly, NC: equally priced homes
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