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  4. /Ocean Springs, MS - 39564

Ocean Springs, MS—39564

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$268,000
0.7% YoY Growth
Household Income
$77,300
29.2% YoY Growth
Days on Market
62
2.0% Longer YoY
Home Price Forecast
0.3%
Median Rent
$1,800
0.5% YoY Growth
1-Bed Rent
$1,190
22.2% YoY Growth
2-Bed Rent
$1,410
1.3% YoY Growth
3-Bed Rent
$1,900
5.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Ocean Springs, MS

As of May '26, the median home price in Ocean Springs, MS is $268,000, with a year-over-year change of 0.7%. This indicates that home prices in Ocean Springs, MS are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$268,0000.7%
Single Family $270,0000.4%
Condos $233,0000.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$232,0000.0%
    3 Bed
    		$245,0000.8%
    4 Bed
    		$330,0000.9%
    5 Bed $457,6380.4%
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    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    4.2%
    2 Bedrooms
    15.2%
    3 Bedrooms
    50.7%
    4 Bedrooms
    24.5%
    5+ Bedrooms
    3.8%

    Rental Trends — Ocean Springs, MS

    As of July '25, Rentcast reports the average rent in Ocean Springs, MS is $1,820, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in Ocean Springs, MS is 1-bedrooms: $1,230, 2-bedrooms: $1,540, 3-bedrooms: $1,940, 4-bedrooms: $2,240. The most common rental property sizes in Ocean Springs, MS are 3-bedroom and 2-bedroom, accounting for 43.5% and 31.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,800$1,820
    Studio Rent N/AN/A
    1 Bed Rent $1,190$1,230
    2 Bed Rent $1,410$1,540
    3 Bed Rent $1,900$1,940
    4 Bed Rent $2,220$2,240
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    % of Rental Stock

    Studio
    3.9%
    1 Bedroom
    13.5%
    2 Bedrooms
    31.6%
    3 Bedrooms
    43.5%
    4 Bedrooms
    6.1%
    5+ Bedrooms
    1.3%

    Property Listings — Ocean Springs, MS

    As of May '26, Realtor.com reports that the median days on market for a home in Ocean Springs, MS is 62. This is a increase of 2.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$335,00010.0%
    Listing Count
    		373-4.0%
    Listings as % of Homes1.0%-4.0%
    Days on Market
    		622.0%
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    Demographics — Ocean Springs, MS

    As of the latest ACS Survey released in 2023, Ocean Springs, MS has a population of 42,300, which has increased by 6.0% over the past 5 years. Ocean Springs, MS is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 40.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		42,3006.0%
    % Under 18
    		21.2%-15.2%
    % Seniors
    		17.6%18.1%
    % WFH
    		8.8%388.9%
    % w/ College Degree
    		40.1%24.5%
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    As of the latest ACS Survey released in 2023, Ocean Springs, MS is a predominantly white area, with 74.3% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Ocean Springs, MS is black, making up 10.0% of the population. Foreign-born residents account for 4.5% of the population in Ocean Springs, MS, and this percentage has increased by 2.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		74.3%-3.3%
    % Black
    		10.0%2.0%
    % Hispanic
    		8.2%26.2%
    % Asian
    		3.9%8.3%
    % Foreign Born
    		4.5%2.3%
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    Mortgage and Risk — Ocean Springs, MS

    According to HUD data as of 2023, there were 1149 mortgage originations in Ocean Springs, MS, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Ocean Springs, MS. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,149
    % Conventional Loans
    		60.0%
    % Government Loans
    		40.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		4.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Ocean Springs, MS

    As of 2024, the percent of homes in Ocean Springs, MS under the Section 8 program is 9.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Ocean Springs, 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
    		495
    Total Units Section 8
    		494
    % Rentals under Section 8
    		9.4%
    % Occupied Section 8
    		82.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$50$1,190$1,140
    2 Bedroom-$130$1,410$1,280
    3 Bedroom-$190$1,900$1,710
    4 Bedroom-$90$2,220$2,130

    Affordability — Ocean Springs, MS

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$268,000
    Median Household Income$77,300

    Ocean Springs, MS — ZIP Code Boundary Map

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    Frequently Asked Questions