Rent to own Homes in Horn Lake, MS
Considered a suburb of Memphis, Tennessee, Horn Lake is located in DeSoto County, Mississippi and is called home by just over 26,000 residents. Just over 16 square miles in size, Horn Lake offers residents the proximity to a major city while allowing them to live in a small-town environment. Despite the small-town feel, Horn Lake is loaded with attractions and entertainment, which not only keeps citizens happy but is also appreciated by tourists.
Horn Lake, MS is a great place for affordable rent-to-own homes! With a median household income of over $52,181 and a median rent of $1,067, the Horn Lake, MS rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Horn Lake, MS. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Horn Lake, MS Property Resources
Rent to own Homes in Cities Near Horn Lake, MS
- Anthonyville
- Arkabutla
- Bartlett
- Brickeys
- Bridgetown
- Clarkedale
- Coldwater
- Cordova
- Crawfordsville
- Edmondson
- Eudora
- Germantown
- Hernando
- Heth
- Horn Lake
- Horseshoe Lake
- Hughes
- Jennette
- Jericho
- Lake Cormorant
- Lakeview
- Lynchburg
- Marion
- Memphis
- Millington
- Nesbit
- Olive Branch
- Pleasant Hill
- Proctor
- Robinsonville
- Sarah
- Southaven
- Sunset
- Tunica Resorts
- Walls
- West Memphis
Neighborhoods in Horn Lake, MS
Horn Lake rent to own homesPopular Zip Codes in Horn Lake, MS
38637 rent to own homesBuying a Home in Horn Lake, MS
Horn Lake, MS is seeing rapid growth and Horn Lake, MS's' housing market remains optimal with an average home price that is -47% below the 2024 national average. Horn Lake, MS is part of DeSoto county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county DeSoto is 0.7% which is below the national average, which is 0.99%.
Median Home Price in Horn Lake, MS
Median Rent in Horn Lake, MS
Top 6 Reasons to Live in Horn Lake, MS
Plenty of job opportunities! Offering job security to the area, the Chicago-based food giant Newly Weds Foods has a plant within Horn Lake. There are plenty of other opportunities as well, such as Northwest Mississippi Community College, which is demonstrated by the extremely low 4% unemployment rate.
Lots of outdoor destinations! Mississippi is naturally a beautiful place to live, and Horn Lake has its own contributions to offer to this reputation. Among the local outdoor attractions, visitors will find that Arkabutla Lake has a lot to offer as far as scenery. Another popular destination is Tunica River Park, where residents and visitors can enjoy outdoor exhibits and hike along some of the beautiful trails.
Learn about the history at local museums! If you want to check out indoor activities, going to some of the local museums can be another great way to pass time in Horn Lake. Two notable museums are the Pink Palace and the Historic DeSoto Museum.
Real estate costs that won't break the bank! Buying a home is never cheap, but finding homes for sale at a reasonable price is not very difficult if you know where to look in Horn Lake. With below average real estate costs, new home owners can definitely find a great place in Horn Lake. Some of the best neighborhoods in the city are Aldens and Lynchburg.
Plenty of apartments to choose from! If you are not looking at a house for sale, you can also check out one of the many apartments located in Horn Lake. Though the average rent is closer to the national average, these apartments are still affordable and offer a variety of options. Another option is to look for rent to own homes. The Hamilton at Turman Farms is a great option for affordable apartments whereas someplace like Sutton Place has more of a wide variety to choose from.
The entertainment never ends! If nothing else appeals to you, there are actually multiple casinos within 20 miles of Horn Lake. These include destinations such as Gold Strike, Roadhouse, and Sam's Town, all offering their own unique entertainment.