38637, Horn Lake, MS

The 38637 zip code of Horn Lake, MS has a median home value of $128,000 and a median home equity value of $60,000. These values are significantly lower than the national median home value of $217,500 and median home equity value of $100,000. The main reasons for this discrepancy are likely the lower incomes in this zip code and the high levels of unemployment in Horn Lake.

Despite these low values, there is still a significant demand for homes in the 38637 zip code. In 2016, there were 1,827 active listings in the zip code and an average list price of $129,900. This indicates that despite the lower prices homeownership remains a desirable option for many people in this area. Additionally, there were 1,569 closed transactions in 2016 which indicates that buyers are able to find homes at reasonable prices.

Overall, it is evident that homeownership remains a viable option for people living in the 38637 zip code even though prices are relatively low. This suggests that there is still room for growth in this market and that potential buyers should continue to look for properties that fit their needs.