Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$299,861+1.4% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$65,004About 0.8× the local median income ($85,117): affordable for a typical household
Days on market64 daysFaster than a year ago: sellers have the edge
Next 12 months−0.1%Zillow expects prices to stay about flat
The typical home in DeSoto County, MS is worth $299,861, up 1.4% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $283,476, so the area is 5.8% overvalued. It is a balanced market, leaning toward buyers: homes take about 64 days to sell, listings are up 3% from a year ago, 21% of listings have had a price cut. Zillow expects prices to fall about 0.1% over the next year. A household needs about $65,004 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $85,117. Typical rent is $1,671 a month, or $1,918 for a house. In the latest IRS figures, 1,316 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$299,861
Change in 1 year
+1.4%
Overvalued %
+5.8%
Show 7 more
Fair home value
$283,476
Change in 5 years
+16.9%
Zillow forecast, next 12 months
−0.1%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$1,625
Income needed to afford it
$65,004
Property tax rate
0.60%
Rent and investing
Typical rent
$1,671
Typical rent for houses
$1,918
Price-to-rent ratio
15.0×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,301
Gross rental yield
6.69%
Cap rate (estimate)
4.35%
Market activity
Listings vs a year ago
+3.2%
Days on market
64
Listings with a price cut
21.1%
Show 3 more
Homes for sale
812
Pending sales per 100 listings
33
Asking price per sq ft
$166
People and jobs
Median household income
$85,117
Population change (1 year)
+0.5%
Unemployment rate
3.2%
Show 4 more
Population
197,918
Income adjusted for cost of living
$92,318
Net moves in (IRS)
+1,316
Cost of living (US = 100)
92.2
Schools, risk and environment
School rating (1 to 10)
8.0
FEMA hazard risk score (0 to 100)
89.0
Unhealthy air days a year
1
Show 4 more
Flood risk score
80.1
Wildfire risk score
67.9
Walkability (1 to 20)
6.4
Road, rail and air noise
52 dB
Questions people ask
Is DeSoto County, MS overvalued?
Home prices in DeSoto County, MS are slightly above what local incomes have historically supported: fair value is about $283,476, so the area is 5.8% overvalued.
Is DeSoto County, MS a buyer's or seller's market?
DeSoto County, MS is a balanced market, leaning toward buyers: homes take about 64 days to sell, listings are up 3% from a year ago, 21% of listings have had a price cut.
Are home prices going down in DeSoto County, MS?
Home values in DeSoto County, MS are up 1.4% over the last year. Zillow's forecast for the next 12 months is −0.1%.
How much do you need to earn to buy a home in DeSoto County, MS?
A household needs about $65,004 a year to afford the typical home in DeSoto County, MS at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $85,117.