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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Gulfport, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Gulfport, FL Housing Market Trends

With 11,726 people, 6,207 houses or apartments, and a median cost of homes of $421,258, Gulfport real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Gulfport, accounting for 59.59% of the city's housing units. Other types of housing that are prevalent in Gulfport include large apartment complexes or high rise apartments ( 26.93%), duplexes, homes converted to apartments or other small apartment buildings ( 7.38%), and a few row houses and other attached homes ( 3.59%).

Dwellings in Gulfport tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 65.81% of the homes in Gulfport have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Gulfport's housing was primarily built during this period, from the '40s through the '60s. A full 48.10% of the city's housing hails from this era. Other housing ages represented in Gulfport include homes built between 1970-1999 ( 38.81%) and housing constructed before 1939 ( 7.61%). There's also some housing in Gulfport built between 2000 and later ( 5.48%).

Vacant housing appears to be an issue in Gulfport. Fully 24.27% of the housing stock is classified as vacant. Left unchecked, vacant Gulfport homes and apartments can be a drag on the real estate market, holding Gulfport real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Gulfport Home Appreciation Rates

In the last 10 years, Gulfport has experienced some of the highest home appreciation rates of any community in the nation. Gulfport real estate appreciated 197.11% over the last ten years, which is an average annual home appreciation rate of 11.50%, putting Gulfport in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Gulfport definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Gulfport's appreciation rate, at 4.81%, has been at or slightly above the national average. In the latest quarter, Gulfport's appreciation rate has been 1.92%, which annualizes to a rate of 7.91%.

Relative to Florida, our data show that Gulfport's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

Average Home Values

Median Home Value

$421,258

Gulfport, FL Home Prices
> $1,491,000
$1,118,001 - $1,491,000
$745,001 - $1,118,000
$596,001 - $745,000
$447,001 - $596,000
$298,001 - $447,000
$149,001 - $298,000
$74,001 - $149,000
$0 - $74,000
4.0%
4.0%
3.2%
3.2%
5.8%
5.8%
10.9%
10.9%
20.7%
20.7%
27.2%
27.2%
18.5%
18.5%
3.6%
3.6%
6.0%
6.0%
0% 100.0%
% of Homes
Average

for Florida

High

for nation

Number of Homes And Apartments:

6,207

Gulfport Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,648 / per month

Homeownership Rate

Owners
Renters
72.3%
72.3%
27.7%
27.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
24.3%
24.3%
75.7%
75.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.5%
5.5%
38.8%
38.8%
48.1%
48.1%
7.6%
7.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
59.6%
59.6%
3.6%
3.6%
7.4%
7.4%
26.9%
26.9%
2.5%
2.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.8%
2.8%
16.7%
16.7%
46.3%
46.3%
27.0%
27.0%
5.7%
5.7%
1.5%
1.5%
0% 100.0%
% of Homes