Rent in Hernando, MS
A 2-bedroom in Hernando, MS (ZIP 38632) typically rents for about $1,060 a month, with a range of $789–$1,330. Owner-occupied homes in DeSoto County pay about 0.60% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,243 | $1,120–$1,365 | 1 |
| 1 bed | $1,220 | $1,191–$1,220 | 1 |
| 2 beds | $1,060 | $789–$1,330 | 1 |
| 3 beds | $1,699 | $1,638–$1,760 | 1 |
| 4 beds | $2,020 | $1,981–$2,020 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Hernando ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Hernando, MS?
- About $1,060 a month: the median of the typical rents in 1 ZIP code, which range from $789–$1,330. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Hernando, MS?
- About $1,220 a month: the median of the typical rents in 1 ZIP code, which range from $1,191–$1,220. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Hernando, MS?
- About $1,699 a month: the median of the typical rents in 1 ZIP code, which range from $1,638–$1,760. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Hernando, MS?
- About $1,243 a month: the median of the typical rents in 1 ZIP code, which range from $1,120–$1,365. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Hernando, MS?
- About $2,020 a month: the median of the typical rents in 1 ZIP code, which range from $1,981–$2,020. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Hernando, MS?
- Owner-occupied homes in DeSoto County pay a typical 0.60% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Hernando rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).