Biloxi, Mississippi Housing Market Prices
Biloxi Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 19% above the Mississippi median$154,133
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Median rent 15% above the Mississippi median$1,093
Housing Market Overview
| Metric | Biloxi | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,133 | $130,069 | $248,835 |
| Price Trend (Annual %) | 14.1% | 5.6% | 7.5% |
| Median Gross Rent | $1,093 | $954 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Biloxi is about 19% higher than in Mississippi. Rent is about 15% higher than the Mississippi average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Biloxi, up about 14.1% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Biloxi rose about 37.5% between 2015 and 2024, from $795 to $1,093. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Biloxi.
Buying the median-priced home in Biloxi costs roughly 11.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Biloxi. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Biloxi | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,133 | $130,069 | $248,835 |
| Median Household Income | $58,616 | $56,669 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Biloxi rose about 132.4%, while median household income rose about 25.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Biloxi | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.4% | 59.8% | 58.5% |
| Rental Rate | 42.1% | 25.6% | 31.2% |
| Vacancy Rate | 13.5% | 14.6% | 10.2% |
| Median Tenure (years) | 10.0 | 16.0 | 15.0 |
| Median Year Moved In | 2016 | 2010 | 2011 |
Biloxi has a homeownership rate of 44.4%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 13.5%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Biloxi | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1988 | 1986 | 1978 |
| Median Number of Rooms | 5.2 | 5.7 | 5.5 |
The typical housing unit in Biloxi was built around 1988. On average, 2.3 people live in a home with about 5.2 rooms, staying for about 10.0 years on average.
Biloxi, MS Housing Compared With Nearby Cities
How Biloxi, MS compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Biloxi, MS | 47,912 | $154,133 #2/2 | $1,093 #1/2 | 51.3% #2/2 |
| Gulfport, MS | 70,533 | $291,176 | $1,089 | 54.4% |
Frequently Asked Questions
Common questions about the housing market in Biloxi, Mississippi.
What is the median home price in Biloxi, Mississippi?
The median home price in Biloxi, Mississippi is $154,133, higher than the Mississippi average of $130,069.
What is the average home price in Biloxi, Mississippi?
The typical home price in Biloxi, Mississippi, reported as the median sale price, is $154,133. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Biloxi, Mississippi?
The median gross rent in Biloxi, Mississippi is $1,093 per month, higher than the Mississippi average of $954.
What was the median gross rent in Biloxi in 2020?
In 2020, the median gross rent in Biloxi, Mississippi was $864 per month.
What is the price-to-rent ratio in Biloxi, Mississippi?
The price-to-rent ratio in Biloxi, Mississippi is about 11.7, meaning it would take roughly 11.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Biloxi.
Are home prices or rent rising faster in Biloxi, Mississippi?
Both home prices and rent are rising in Biloxi, up about 14.1% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Biloxi, Mississippi?
44.4% of households in Biloxi, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Biloxi, Mississippi?
The housing vacancy rate in Biloxi, Mississippi is 13.5%, lower than the Mississippi average of 14.6%.
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