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Foreclosure Homes in Hernando, MS

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Hernando, MS Foreclosures

Current Market Conditions in in Hernando, MS As of February 2026?
In the past month, the real estate market in Hernando has shown signs of continued strength. Home prices have remained stable but with hints of increases as several listings attracted multiple offers. Inventory levels have not significantly improved, contributing to buyers facing tough competition for available properties. As the summer buying season continues, the activity has picked up, prompting some price adjustments to attract buyers. This trend highlights the city's ongoing appeal in the real estate market.
How much do homes sell for in Hernando, MS?
The average home price is currently $345,316.
In Hernando, MS, how many homes are available?
There are currently 82 active home listings available in Hernando.
What’s the average rental cost in Hernando, MS?
The average rental price in Hernando is $1,498.
What is the most expensive home in Hernando?
The most expensive home sold in Hernando had a price of $5,705,500.
What is currently the cheapest priced home in Hernando, MS?
The cheapest home for sale in Hernando is priced at $14,869.

Living in Hernando, MS

Hernando, MS is a picturesque city known for its friendly community and excellent local amenities. Located just south of Memphis, it offers residents a blend of suburban peace and urban convenience. With great schools, ample parks, and family activities, Hernando is an attractive place to call home.

Buyer vs Seller Market in Hernando, MS

The real estate market in Hernando is experiencing steady growth, with a healthy increase in home values over the past year. The demand for homes has been bolstered by the city's appealing lifestyle and its proximity to Memphis, making it a desirable location for new residents.

Currently, the market displays a balanced mix of single-family homes and townhouses, catering to diverse buyers, from first-time homeowners to retirees. The average home price has seen a rise due to low inventory and high demand, indicating a competitive market.

Home Value Estimator For Hernando, MS

There are currently 12,378 real estate properties in Hernando, MS, with a median automated valuation model (AVM) price of $326,306.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hernando, MS, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hernando, MS, is $345,316.00, with the most expensive house in Hernando, MS, topping out at $5,705,500.00 and the cheapest home in Hernando, MS, clocking in at $14,869.00. In other words, there’s something for every potential homebuyer or savvy investor in Hernando, MS!

Rent Prices In Hernando, MS

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hernando, MS, is on a rollercoaster ride. The average rent price in Hernando, MS, is $1,498.00. Indeed, when looking to rent in Hernando, MS, you can expect to pay as little as $520.00 or as much as $3,260.00, with the average rent median estimated to be $1,460.00. The good news is that finding an affordable and desirable property to rent in Hernando, MS -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Hernando, MS Foreclosures

Market Trend for Hernando, MS

Total Listings Available: 82

Market Values:

Home Prices from $14,869 to $5,705,500

Average Sales Price: $345,316

Rental Values:

Rental from $520 to $3,260

Average Rent Value: $1,498 / month

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