Gulfport, MS—39503
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 $222,000, with a year-over-year change of 1.0%. This indicates that home prices in Gulfport, MS are increasing. 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 | $222,000 | 1.0% |
| Single Family | $222,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $136,000 | -0.7% |
3 Bed | $195,000 | 1.0% |
4 Bed | $281,000 | 1.1% |
| 5 Bed | $417,000 | 0.2% |
% of Housing Stock
Rental Trends — Gulfport, MS
As of July '25, Rentcast reports the average rent in Gulfport, MS is $1,580, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Gulfport, MS is studios: $922, 1-bedrooms: $1,020, 2-bedrooms: $1,200, 3-bedrooms: $1,640, 4-bedrooms: $2,110. The most common rental property sizes in Gulfport, MS are 3-bedroom and 2-bedroom, accounting for 39.4% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,580 |
| Studio Rent | $795 | $922 |
| 1 Bed Rent | $1,070 | $1,020 |
| 2 Bed Rent | $1,220 | $1,200 |
| 3 Bed Rent | $1,650 | $1,640 |
| 4 Bed Rent | $2,150 | $2,110 |
% 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 54. This is a increase of 13.0% 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 | $257,000 | 0.0% |
Listing Count | 340 | -8.0% |
| Listings as % of Homes | 1.1% | -8.0% |
Days on Market | 54 | 13.0% |
Demographics — Gulfport, MS
As of the latest ACS Survey released in 2023, Gulfport, MS has a population of 54,200, which has decreased by -1.4% over the past 5 years. Gulfport, MS is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 24.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,200 | -1.4% |
% Under 18 | 24.7% | -11.8% |
% Seniors | 15.0% | 42.9% |
% WFH | 5.6% | 107.4% |
% w/ College Degree | 24.0% | 3.9% |
As of the latest ACS Survey released in 2023, Gulfport, MS is a predominantly white area, with 58.1% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Gulfport, MS is black, making up 27.1% of the population. Foreign-born residents account for 3.4% of the population in Gulfport, MS, and this percentage has decreased by 10.5% 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 | 58.1% | -5.7% |
% Black | 27.1% | -5.6% |
% Hispanic | 6.4% | 6.7% |
% Asian | 1.8% | 38.5% |
% Foreign Born | 3.4% | -10.5% |
Mortgage and Risk — Gulfport, MS
According to HUD data as of 2023, there were 1144 mortgage originations in Gulfport, MS, of which 47.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Gulfport, MS. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,144 |
% Conventional Loans | 47.0% |
% Government Loans | 53.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Gulfport, MS
As of 2024, the percent of homes in Gulfport, MS under the Section 8 program is 15.0%. 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. In Gulfport, MS, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,118 |
Total Units Section 8 | 1,055 |
% Rentals under Section 8 | 15.0% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,070 | $930 |
| 2 Bedroom | -$60 | $1,220 | $1,160 |
| 3 Bedroom | -$150 | $1,650 | $1,500 |
| 4 Bedroom | -$550 | $2,150 | $1,600 |
Affordability — Gulfport, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $222,000 |
| Median Household Income | $61,300 |