Southaven MS · DeSoto County · ZIP 38671

Buying a home in Southaven?
Mississippi's fastest-growing city.

Southaven is Mississippi's third-largest city and one of the 40 fastest-growing counties in the United States — anchored by Memphis access, lower property taxes than Shelby County, and new construction at price points that still work for FHA buyers.

580+
Min. credit score
$175K
Typical entry price
$0–5%
Potential down pmt
Payment Snapshot · Southaven MS
Sample Southaven MS Listing
4 BD · 2 BA · Listed ~$175,000
Estimated All-In Monthly Payment
$1,290
FHA @ ~7.75% · P&I + MIP + Taxes + Insurance
Principal & Interest$1,180
Mortgage Insurance$99
Est. Property Taxes$135
Est. Home Insurance$127
Estimated DTI38.2%
✓ FHA + DPA available for eligible buyers — potential $0 down path for qualifying Southaven purchases
For illustration only. Not a commitment to lend. Subject to MS/TN state eligibility may vary. Subject to credit, income, AUS, property, and DPA program approval.
About this market

Southaven delivers Memphis access with Mississippi tax advantages.

DeSoto County, Mississippi is one of the 40 fastest-growing counties in the United States, driven by its position as the obvious suburban alternative for Memphis families who want more space, lower property taxes, and new construction — while staying within easy commute range of Memphis employment. Southaven anchors the county as its largest city, with established neighborhoods, commercial development, and a direct interstate connection to Memphis via I-55.

The trade-off buyers need to understand going in: Mississippi has a state income tax, where Tennessee does not. For buyers working in Memphis proper, cross-state commuting means you'll live under Mississippi's tax structure while earning income in Tennessee. Run the specific numbers before committing — for some households the lower property tax saves more than the income tax costs; for others, the math goes the other way.

Home prices in Southaven typically run $150,000 to $320,000 — meaningfully higher than Frayser or Whitehaven, but considerably lower than Cordova or Germantown. FHA financing is available and commonly used here, especially for first-time buyers and households that moved out of Memphis in search of more space without leaving the broader metro. DPA programs are available for eligible buyers, though Mississippi-specific program rules differ from Tennessee's.

For investors, DeSoto County's rental demand is supported by the same employment base that drives owner-occupant demand — logistics workers, healthcare employees, and retail/commercial workers who commute into Memphis but prefer the suburban Mississippi character. New construction continues to add inventory, which moderates price appreciation but also attracts a reliable stream of move-up and relocating buyers.

Southaven's parks, employers, and what daily life looks like.

Snowden Grove Park is one of DeSoto County's signature recreational assets — a major sports and entertainment complex that hosts youth baseball tournaments, soccer leagues, and outdoor concerts. Greenbrook Lake Park and its associated Greenbrook Baseball Complex provide additional community sports infrastructure. Jim Saucier Memorial Park and Brookhaven Park round out a park system that meaningfully exceeds what most Mississippi cities of comparable size offer. For families evaluating where to buy, Southaven's parks infrastructure signals a municipality that actively invests in quality of life.

The employment picture in Southaven is anchored by the same logistics and healthcare corridor that runs through the broader DeSoto County region. Baptist Memorial Hospital-DeSoto operates within the county, providing healthcare employment for nurses, technicians, and support staff who want a short commute from home. The commercial corridor along Goodman Road — Southaven's main commercial spine — provides retail, dining, and service employment. And as Mississippi's third-largest city with ongoing population growth, Southaven's municipal government, school district, and service sector collectively represent a significant local employment base.

The city's Old Towne Southaven district gives the community something that most DeSoto County municipalities lack — a genuine historic downtown with locally-owned shops and character that distinguishes it from the generic suburban commercial sprawl that defines much of the county. For buyers who care about where they're planting roots, Old Towne provides that anchor of community identity that makes a place feel like a real town rather than just a residential grid near a highway interchange.

At a glance
ZIP code38671
Typical price range$150K – $320K
Best-fit loan typeFHA · Conventional
Min. credit score580+
Distance to Downtown~25 min
Distance to airport~20 min
Local highlights
DeSoto County growthTop 40 fastest-growing US counties
Mississippi state income taxYes — factor into net cost vs TN
Property taxesGenerally lower than Shelby County
Distance to Memphis~20–25 min via I-55
New constructionActive — ongoing inventory additions
Who this fits

Buyers Trevor sees most here.

If your situation matches one of these, there's a strong chance you can move forward in this market.

🏡
Space-Seeking Families
More house for the dollar than Memphis proper, with suburban Mississippi character and Memphis employment access.
💰
Tax-Conscious Buyers
Lower MS property taxes may offset costs vs TN — run the full analysis before deciding.
🏢
FHA Buyers Priced Out of Cordova
Southaven offers similar suburban character at $50K–$75K lower price points, with FHA and DPA options available.
Local FAQ

Common questions about this area.

Does Southaven have FHA and DPA?
Yes — FHA loans are available and commonly used. DPA programs exist in Mississippi, though specific eligibility rules differ from Tennessee programs. Trevor can walk through what applies.
What's the income tax situation?
Tennessee has no state income tax. Mississippi does. For buyers working in Memphis, living in Southaven means you'll pay MS income tax on your earnings. For some households the lower property tax more than compensates — run your specific numbers.
How far is Southaven from Memphis employers?
Most Southaven addresses are 20–25 minutes from Downtown Memphis via I-55 in normal traffic. Airport proximity is also good — roughly 20 minutes to MEM.
What credit score is needed?
FHA starts at 580. Conventional opens at 620. Southaven's price range works well for both, depending on the specific property and buyer profile.
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