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These days, finding an affordable place to live in the Southaven area can be challenging. Home prices in Southaven are now at a median cost of $244,913, higher than the Mississippi average of $183,008.
The average cost of rent is $1,721/mo in Southaven, primarily driven by the current value of real estate in the Southaven area. In Southaven, 28.58% of households rent, and 25.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Southaven is $7,225 per month. Households that rent pay about 23.82% of their income on rent here. Southaven’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Horn Lake, MS: less expensive homes
- Nesbit, MS: higher priced homes
- Walls, MS: less expensive homes
- Olive Branch, MS: higher priced homes
- West Days, MS: equally priced homes
- Hernando, MS: higher priced homes
- Lake Cormorant, MS: equally priced homes
- Lewisburg, MS: higher priced homes
- Eudora, MS: equally priced homes
- Ingrams Mill, MS: higher priced homes
Cities with Similar Populations
- Ballwin, MO: higher priced homes
- Bedford, TX: higher priced homes
- Bluffton, SC: higher priced homes
- Campbell, CA: higher priced homes
- Cathedral City, CA: higher priced homes
- Crystal Lake, IL: higher priced homes
- Davis, CA: higher priced homes
- Dunwoody, GA: higher priced homes
- Spanaway, WA: higher priced homes
- Valley Stream, NY: higher priced homes
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