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Hernando, MS Home Values and Rents
The typical home value in Hernando is $347,460, 6th highest of 189 cities and towns in Mississippi. Median rent is $2,167 a month.
- Typical home value
- $347,460
- 6th of 189 in MS
- Median rent
- $2,167/mo
- Zillow observed rent
- Price change, 1 year
- +2.1%
- Sep 2026
- Homeownership
- 81.2%
- MS: 70.0%
Home sale prices in the Memphis, TN-MS-AR area
Zillow median sale price, Sep 2026
$238,232+5.7% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Typical home value in Hernando
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Hernando |
|---|---|
| Sep 2026 | $347,460 |
| Dec 2025 | $343,267 |
| Dec 2024 | $337,953 |
| Dec 2023 | $337,792 |
| Dec 2022 | $333,585 |
| Dec 2021 | $310,746 |
| Dec 2020 | $272,938 |
| Dec 2019 | $250,467 |
| Dec 2018 | $239,117 |
| Dec 2017 | $225,528 |
| Dec 2016 | $218,739 |
| Dec 2015 | $212,368 |
| Dec 2014 | $205,773 |
| Dec 2013 | $198,666 |
| Dec 2012 | $193,943 |
Over five years, Hernando prices changed +16.6%.
Source: Zillow Research · Last updated 09/01/2026
Housing at a glance
American Community Survey 2020-2024 5-year estimates, compared with Mississippi
- Median home value
- $315,900 · MS $169,800
- Median gross rent
- $1,302/mo · MS $954
- Home value to income
- 4.1 times the median household income ($76,950)
- Rent to income
- A year of median rent equals 20% of median household income
- Owner-occupied
- 81.2% of 6,943 households
- Housing units
- 7,081
- Vacancy rate
- 1.9%
- Median year built
- 2002
Fair Market Rents, FY2027
HUD rent standard for Memphis, TN-MS-AR HUD Metro FMR Area
| Unit size | Monthly rent |
|---|---|
| Studio | $1,095 |
| 1 bedroom | $1,191 |
| 2 bedrooms | $1,301 |
| 3 bedrooms | $1,717 |
| 4 bedrooms | $1,981 |
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 38651 | $328,000 | $796 | +6.0% | +50.0% |
Frequently asked questions
- What is the typical home value in Hernando, MS?
- The typical home value in Hernando is $347,460 (Zillow Home Value Index, Sep 2026). The Mississippi median is $169,800.
- How much is rent in Hernando?
- The median rent in Hernando is $2,167 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,301.
- Are home prices going up in Hernando?
- The typical home value in Hernando changed +2.1% over one year and +16.6% over five years, as of Sep 2026.
- How does Hernando compare with the rest of Mississippi?
- Hernando has the 6th highest median home value of 189 cities and towns with 1,000+ residents in Mississippi.
- Which ZIP code in Hernando has the highest home values?
- ZIP code 38651 has the highest median home value at $328,000.