Home prices
The median home in Hernando costs $197,100. It is about $56,540 (40%) higher in comparison to its surrounding areas.Compared to the US as a whole it is roughly $20,400 (9%) lower, and in comparison to the city of Memphis is about $95,300 (93%) higher.
Rents
In Hernando the median rent is $1,039 a month. It is roughly $37 (3%) higher in comparison to its surrounding areas.In comparison to the entire nation it is approximately $23 (2%) lower, and is approximately $138 (15%) higher compared to the city of Memphis.
Nearby places
Southaven
Southaven is Hernando's neighbor to the north. Its housing prices are a bit less expensive. Southaven's median home value is $153,200, which comes out to $43,900 (28%) lower than Hernando. Rent there is fairly similar. In Southaven the median monthly rent is $1,056, which works out to $17 (1%) higher than Hernando.
Horn Lake
Horn Lake is approximately 7 miles north of Hernando. Housing prices there are a lot less expensive. The median home in Horn Lake is valued at $106,400, which is $90,700 (85%) lower than Hernando. The rent there is similar. Horn Lake's median rent is $1,033 a month, which is very similar to Hernando.
Lynchburg
Lynchburg is roughly 9 miles northwest from Hernando. The housing prices there are a lot less expensive. The median home in Lynchburg is valued at $141,500, which works out to $55,600 (39%) lower than Hernando. Rents there are somewhat less expensive. In Lynchburg the median monthly rent is $876, which is $163 (18%) lower than Hernando.
Walls
Walls is roughly 10 miles northwest of Hernando. The housing prices there are a lot less expensive. The value of the median home in Walls is $126,100, which is $71,000 (56%) lower than Hernando. The rent there is somewhat less expensive. Walls's median rent is $883 per month, which comes out to $156 (17%) lower than Hernando.
Olive Branch
Olive Branch is about 10 miles northeast of Hernando. Real estate prices there are a bit less expensive. Olive Branch's median home value is $175,600, which is $21,500 (12%) lower than Hernando. Rents there are a bit more expensive. Olive Branch's median monthly rent is $1,164, which comes out to $125 (10%) higher than Hernando.
