Rental numbers for DeSoto County, MS
The typical home here runs -$749 a month at 7.78% with 25% down, breaking even at about 2.3%. 0 of 6 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.7%.
- Gross yield
- 6.7%
- typical home, Zillow
- Median ZIP yield
- 7.7%
- 6 ZIPs with full data
- Cash flow
- -$749/mo
- at 7.78%, 25% down
- Typical price
- $299,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,674/mo
- Zillow ZORI, Aug 2026
ZIP codes in DeSoto County
8 with published figures
| 38637Horn Lake | $202,000 | $1,501 | 8.9% | 4.9% | -$272 | -1.6% |
| 38672Southaven | $332,000 | $2,298 | 8.3% | 5.0% | -$418 | n/a |
| 38671Southaven | $234,000 | $1,499 | 7.7% | 4.0% | -$483 | +1.4% |
| 38632Hernando | $345,000 | $2,202 | 7.7% | 4.5% | -$578 | +2.0% |
| 38680Walls | $259,000 | $1,654 | 7.6% | 4.2% | -$486 | n/a |
| 38654Olive Branch | $332,000 | $1,853 | 6.7% | 3.5% | -$817 | +0.9% |
| 38651Nesbit | $357,000 | $1,410* | 4.7% | 1.9% | -$1,352 | n/a |
| 38641Walls | $327,000 | $1,150* | 4.2% | 1.5% | -$1,363 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.6%
- Rent, 12 months
- +0.4%
- Rent minus price growth
- -1.2 pts
- Property tax
- 0.60%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $252,927 | $1,398 |
| Aug 2022 | $292,673 | $1,530 |
| Aug 2023 | $291,495 | $1,603 |
| Aug 2024 | $294,125 | $1,632 |
| Aug 2025 | $294,372 | $1,668 |
| Aug 2026 | $298,922 | $1,674 |
HUD Fair Market Rent
FY2027, Memphis, TN-MS-AR HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,095 | $1,191 | $1,301 | $1,717 | $1,981 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 12.8
- 910 units, last 12 months
- National percentile
- 79th
- among US counties
Tools
Test a listing in DeSoto County against today's rate.
Open the calculatorPart of the Memphis, TN metro.
Questions
- Is DeSoto County good for rental property?
- The typical home here runs -$749 a month at 7.78% with 25% down, breaking even at about 2.3%. 0 of 6 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.7%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in DeSoto County?
- About 0.60% of value, from Census ACS median taxes paid over median home value. On a $299,000 home that is about $1,788 a year.
- What is Fair Market Rent in DeSoto County?
- HUD's FY2027 Fair Market Rent here is $1,191 for a 1-bedroom, $1,301 for a 2-bedroom and $1,717 for a 3-bedroom. Typical cash flow at today's rate is -$749 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.