Similar to its nearby areas, it's a little less expensive compared to the rest of the country. Compared to the city of Memphis however, it's a lot more expensive.
Home prices
The median home cost in Southaven is $153,200. Compared to the surrounding areas it is roughly $3,860 (2%) higher.It is roughly $64,300 (29%) lower in comparison to the country as a whole, and compared to the city of Memphis is about $51,400 (50%) higher.
Rents
In Southaven the median rent is $1,056 per month. It is about $57 (5%) higher in comparison to other places in this area.It is is very similar in comparison to the rest of the country, and compared to the city of Memphis is approximately $155 (17%) higher.
Nearby places
Horn Lake
Horn Lake is Southaven's neighbor to the west. Real estate prices there are substantially less expensive. Horn Lake's median home price is $106,400, which comes out to $46,800 (43%) lower than Southaven. Rent there is fairly similar. Horn Lake's median monthly rent is $1,033, which works out to $23 (2%) lower than Southaven.
Olive Branch
Olive Branch is Southaven's neighbor to the east. The housing prices there are a little more expensive. The cost of the median home in Olive Branch is $175,600, which is $22,400 (12%) higher than Southaven. The rent there is a bit more expensive. Olive Branch's median monthly rent is $1,164, which is $108 (9%) higher than Southaven.
Hernando
Hernando is Southaven's neighbor to the south. The housing prices there are a little more expensive. Hernando's median home price is $197,100, which comes out to $43,900 (22%) higher than Southaven. The rent there is fairly similar. In Hernando the median rent is $1,039 a month, which comes out to $17 (1%) lower than Southaven.
Lynchburg
Lynchburg is about 6 miles west from Southaven. Real estate prices there are somewhat less expensive. Lynchburg's median home value is $141,500, which works out to $11,700 (8%) lower than Southaven. Its rents are a little less expensive. The median rent in Lynchburg is $876 per month, which works out to $180 (20%) lower than Southaven.
Walls
Walls is roughly 9 miles west from Southaven. The housing prices there are a little less expensive. The median home in Walls is valued at $126,100, which is $27,100 (21%) lower than Southaven. The rent there is a little less expensive. In Walls the median monthly rent is $883, which works out to $173 (19%) lower than Southaven.
