Gulfport, Mississippi Housing Market Prices
Gulfport 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 124% above the Mississippi median$291,176
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Median rent 14% above the Mississippi median$1,089
Housing Market Overview
| Metric | Gulfport | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,176 | $130,069 | $248,835 |
| Price Trend (Annual %) | 16.1% | 5.6% | 7.5% |
| Median Gross Rent | $1,089 | $954 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gulfport is about 124% higher than in Mississippi. Rent is about 14% 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 Gulfport, up about 16.1% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Gulfport rose about 30.6% between 2015 and 2024, from $834 to $1,089. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 5.8 yearly household incomes in Gulfport.
Buying the median-priced home in Gulfport costs roughly 22.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Gulfport. The price-to-rent ratio in Mississippi is about 11.4.
| Metric | Gulfport | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $291,176 | $130,069 | $248,835 |
| Median Household Income | $50,345 | $56,669 | $80,455 |
| Price-to-Income Ratio | 5.8 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gulfport rose about 184.3%, while median household income rose about 22.6% 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 | Gulfport | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.1% | 59.8% | 58.5% |
| Rental Rate | 39.5% | 25.6% | 31.2% |
| Vacancy Rate | 13.4% | 14.6% | 10.2% |
| Median Tenure (years) | 11.0 | 16.0 | 15.0 |
| Median Year Moved In | 2015 | 2010 | 2011 |
Gulfport has a homeownership rate of 47.1%, lower than the Mississippi average of 59.8%. Its housing vacancy rate is 13.4%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Gulfport | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1986 | 1986 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in Gulfport was built around 1986. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Gulfport, Mississippi.
What is the median home price in Gulfport, Mississippi?
The median home price in Gulfport, Mississippi is $291,176, higher than the Mississippi average of $130,069.
What is the average home price in Gulfport, Mississippi?
The typical home price in Gulfport, Mississippi, reported as the median sale price, is $291,176. 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 Gulfport, Mississippi?
The median gross rent in Gulfport, Mississippi is $1,089 per month, higher than the Mississippi average of $954.
What was the median gross rent in Gulfport in 2020?
In 2020, the median gross rent in Gulfport, Mississippi was $889 per month.
What is the price-to-rent ratio in Gulfport, Mississippi?
The price-to-rent ratio in Gulfport, Mississippi is about 22.3, meaning it would take roughly 22.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Gulfport.
Are home prices or rent rising faster in Gulfport, Mississippi?
Both home prices and rent are rising in Gulfport, up about 16.1% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gulfport, Mississippi?
47.1% of households in Gulfport, Mississippi own their home, lower than the Mississippi average of 59.8%.
What is the vacancy rate in Gulfport, Mississippi?
The housing vacancy rate in Gulfport, Mississippi is 13.4%, lower than the Mississippi average of 14.6%.
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