Gulfport appreciation rates and housing market information

Gulfport housing market information

With 70,986 people, 29,593 houses or apartments, and a median cost of homes of $147,108, Gulfport real estate is some of the most expensive in Mississippi, although Gulfport home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Gulfport, accounting for 65.38% of the city's housing units. Other types of housing that are prevalent in Gulfport include large apartment complexes or high rise apartments (17.10%), duplexes, homes converted to apartments, or other small apartment buildings (7.73%), mobile homes or trailers (7.57%), and a few row houses and other attached homes (2.11%).

The most prevalent building size and type in Gulfport are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 53.42% owning, and 37.64% renting.

There is a lot of housing in Gulfport built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Gulfport built from 1940-1969 (38.05%). A lesser amount of the housing stock also hails from 1995 and later (9.81%), and some were built from 1939 and earlier (9.81%).

Gulfport home appreciation rates

Real estate appreciation rates in Gulfport have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.38% during the period.

Over the last year, Gulfport appreciation rates have trailed the rest of the nation. In the last twelve months, Gulfport's appreciation rate has been -4.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gulfport were at 1.47%, which equates to an annual appreciation rate of 5.88%.

Relative to Mississippi, our data show that Gulfport's latest annual appreciation rate is higher than 2% of the other cities and towns in Mississippi.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Gulfport differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gulfport - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Gulfport real estate investment or home purchase decisions.