Gulfport, MS—39501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gulfport, MS
As of Oct '25, the median home price in Gulfport, MS is $108,000, with a year-over-year change of -7.9%. This indicates that home prices in Gulfport, MS are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $108,000 | -7.9% |
| Single Family | $107,000 | -7.8% |
| Condos | $168,000 | -9.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $91,000 | -6.2% |
3 Bed | $108,000 | -8.5% |
4 Bed | $134,000 | -8.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gulfport, MS
As of July '25, Rentcast reports the average rent in Gulfport, MS is $1,300, with a year-over-year rent change of 13.0%. Per bedroom, the median rent as of July '25 in Gulfport, MS is studios: $1,020, 1-bedrooms: $961, 2-bedrooms: $1,280, 3-bedrooms: $1,350, 4-bedrooms: $1,590. The most common rental property sizes in Gulfport, MS are 2-bedroom and 3-bedroom, accounting for 43.4% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,300 |
| Studio Rent | $1,020 | $1,020 |
| 1 Bed Rent | $875 | $961 |
| 2 Bed Rent | $1,000 | $1,280 |
| 3 Bed Rent | $1,350 | $1,350 |
| 4 Bed Rent | $1,650 | $1,590 |
% of Rental Stock
Property Listings — Gulfport, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Gulfport, MS is 86. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $173,000 | -6.0% |
Listing Count | 107 | -8.0% |
| Listings as % of Homes | 0.7% | -8.0% |
Days on Market | 86 | 6.0% |
Demographics — Gulfport, MS
As of the latest ACS Survey released in 2023, Gulfport, MS has a population of 23,200, which has remained stable by -0.1% over the past 5 years. Gulfport, MS is a moderately popular place for families, as children make up 24.6% of the population. The area has a poorly educated workforce, with 13.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,200 | -0.1% |
% Under 18 | 24.6% | 2.5% |
% Seniors | 14.9% | 13.7% |
% WFH | 4.7% | 370.0% |
% w/ College Degree | 13.1% | -0.8% |
As of the latest ACS Survey released in 2023, Gulfport, MS is a predominantly black area, with 59.6% of the population identifying as black. The black population has grown by 10.6% in the last 5 years. The second most common race or ethnicity in Gulfport, MS is white, making up 28.5% of the population. Foreign-born residents account for 2.2% of the population in Gulfport, MS, and this percentage has decreased by 52.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 28.5% | -20.4% |
% Black | 59.6% | 10.6% |
% Hispanic | 5.5% | -5.2% |
% Asian | 0.6% | -68.4% |
% Foreign Born | 2.2% | -52.2% |
Mortgage and Risk — Gulfport, MS
According to HUD data as of 2023, there were 191 mortgage originations in Gulfport, MS, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Gulfport, MS. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 191 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 5.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Gulfport, MS
As of 2024, the percent of homes in Gulfport, MS under the Section 8 program is 24.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Gulfport, MS, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,340 |
Total Units Section 8 | 1,257 |
% Rentals under Section 8 | 24.2% |
% Occupied Section 8 | 84.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$35 | $875 | $840 |
| 2 Bedroom | $40 | $1,000 | $1,040 |
| 3 Bedroom | $30 | $1,350 | $1,380 |
| 4 Bedroom | -$180 | $1,650 | $1,470 |
Affordability — Gulfport, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $108,000 |
| Median Household Income | $33,500 |