Rent in Lake Cormorant, MS
A 2-bedroom in Lake Cormorant, MS (ZIP 38641) typically rents for about $1,190 a month, with a range of $1,190–$1,301. 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 | $990 | $990–$1,095 | 1 |
| 1 bed | $1,070 | $1,070–$1,191 | 1 |
| 2 beds | $1,190 | $1,190–$1,301 | 1 |
| 3 beds | $1,540 | $1,540–$1,717 | 1 |
| 4 beds | $1,770 | $1,770–$1,981 | 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) and HUD county Fair Market Rents (Oct 1, 2026).
Lake Cormorant ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Lake Cormorant, MS?
- About $1,190 a month: the median of the typical rents in 1 ZIP code, which range from $1,190–$1,301. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Lake Cormorant, MS?
- About $1,070 a month: the median of the typical rents in 1 ZIP code, which range from $1,070–$1,191. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Lake Cormorant, MS?
- About $1,540 a month: the median of the typical rents in 1 ZIP code, which range from $1,540–$1,717. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Lake Cormorant, MS?
- About $990 a month: the median of the typical rents in 1 ZIP code, which range from $990–$1,095. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Lake Cormorant, MS?
- About $1,770 a month: the median of the typical rents in 1 ZIP code, which range from $1,770–$1,981. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Lake Cormorant, 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 Lake Cormorant rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026) and HUD county Fair Market Rents (Oct 1, 2026).