Southaven, Mississippi.
Typical home $273,449 (+1.3% in a year), asking rent $1,575 (+0.1%). Memphis, TN-MS-AR metro.
to buy the typical home at today's mortgage rate — +$752 (+110%) since Jan 2020.
- 1 year
- Up $3,539 +1%
- $269,910$273,449 since Sep 2025
- 5 years
- Up $42,551 +18%
- $230,898$273,449 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Southaven$1,435
- Mississippi$1,021
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 20 years.
Typical home values in Southaven, MS rose 1.3% over the past year — in step with the nation.
Asking rents in Southaven, MS rose 0.1% over the past year — slower than the nation's +2.7%.
Owning the typical home in Southaven runs $289/mo more than renting one. The gap peaked at $384 in Nov 2023.
That is $1,864 a month against $1,575 rent: a $1,435 mortgage payment, plus $136 property tax and $293 insurance & upkeep.
Owning vs renting — Southaven
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,864
- Renting$1,575
- Mortgage only$1,435
Property tax · $136/mo 0.60% of value a year — the ACS 2020-2024 median bill over the median home value for DeSoto County, MS
Insurance & upkeep · $293/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Southaven, DeSoto County, Mississippi
Southaven is a city of 54,648 people in DeSoto County. Half its households earn more than $78,483 a year and half less, against $85,297 across DeSoto County; 13% of its people live below the poverty line. 72% of its homes are lived in by their owners and 28% are rented. Unemployment in Southaven was 3.4% in August 2026, and DeSoto County had 0.8% more jobs in 2025 than the year before. The most residents work in schools and health care, then transport and warehouses.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Southaven is a city in DeSoto County, just south of the Tennessee line, and most of its homes are lived in by their owners. Residents are a little younger than in many American towns, and household incomes run somewhat below the county's. Winters are cool and short, summers are hot, and snow is rare, though rain falls through the year.
Work. Many residents work in schools, hospitals and social care, in transport, warehouses and utilities, and in shops. The largest workplaces in Southaven include Baptist Memorial Hospital-DeSoto, the logistics firm GXO and the medical supplier Medline Industries. The typical commute is a fairly short drive, and unemployment is low and slightly lower than a year ago.
Things to do. The closest big attractions are in Memphis, a longer drive away. The best known is FedExForum, a stadium for basketball and concerts. The Blues Hall of Fame is a museum of the music's history, and the Memphis Zoo is a zoo for a family day out.
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- 21,251households
- 29%of adults have a degree
- 13%below the poverty line
- 24 mintypical commute
- 10%work from home
What residents work in
Employed residents by industry, from the Census survey. DeSoto County had 73,213 jobs in 2025, 0.8% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 51° and lows near 33°; warmest in July, with highs near 92° and lows near 74°. About 3 inches of snow and 55 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Memphis International Airport weather station, 7 miles away (NOAA).
Largest workplaces in Southaven
- Baptist Memorial Hospital- DesotoHospitals, general medical and surgical1,748
- GXO Logistics Supply ChainGeneral warehousing and storage511
- Medline IndustriesWholesale distribution of medical, dental, and hospital equipment and supplies480
- WalmartWarehouse clubs and supercenters386
- Kuehne Nagel Inc. SVQGeneral warehousing and storage301
- GXO Logistics Supply ChainGeneral warehousing and storage276
- Sam's ClubWarehouse clubs and supercenters196
- Kroger Delta KMASupermarkets and other grocery except convenience stores195
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 52 workplaces with 20 or more staff, 7,649 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesVery high
- Heat wavesRelatively high
- Cold wavesRelatively high
- LightningRelatively high
- EarthquakesRelatively moderate
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Southaven’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on DeSoto County and the Memphis, TN-MS-AR metro.
Southaven home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Southaven$273,449
- Mississippi$194,531
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Southaven listings, and the typical home goes pending in 27 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Southaven27.25%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Southaven27
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Southaven234
New listings per month
Sellers arriving at the market.
- Southaven73
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Southaven$265,580
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Southaven98.49%
Zip codes with a Southaven address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Southaven — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Southaven
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 38671 | Southaven | 37,319 | $1,505 | $233,503 |
| 38672 | Southaven | 16,436 | $2,304 | $334,790 |