Gulfport, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Gulfport Neighborhoods Since 2000




Gulfport, FL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Gulfport Housing Market Information

With 12,322 people, 5,925 houses or apartments, and a median cost of homes of $184,100, 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 57.57% of the city's housing units. Other types of housing that are prevalent in Gulfport include large apartment complexes or high rise apartments ( 25.72%), duplexes, homes converted to apartments or other small apartment buildings ( 8.61%), and a few row houses and other attached homes ( 4.80%).

Dwellings in Gulfport tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 70.14% 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 51.22% of the city's housing hails from this era. Other housing ages represented in Gulfport include homes built between 1970-1999 ( 37.18%) and housing constructed before 1939 ( 6.11%). There's also some housing in Gulfport built between 2000 and later ( 5.48%).

Vacant housing appears to be an issue in Gulfport. Fully 20.95% 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

Gulfport's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gulfport during the period has been just -1.09%, which is lower than 70% of US communities.

Appreciation rates are so strong in Gulfport that despite a nationwide downturn in the housing market, Gulfport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gulfport appreciation rates continue to be some of the highest in America, at 10.46%, which is higher than appreciation rates in 95.04% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gulfport. Gulfport appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.24%.

Relative to Florida, our data show that Gulfport's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.

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 2000, to assist you in making the best Gulfport real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$184,100

Gulfport, FL HOME PRICES

Value Range
> $1,400,000 1.0
$1,050,001 - $1,400,000 1.0
$700,001 - $1,050,000 2.7
$560,001 - $700,000 3.0
$420,001 - $560,000 4.6
$280,001 - $420,000 11.8
$140,001 - $280,000 43.5
$70,001 - $140,000 25.1
$0 - $70,000 7.1

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
36.6811203562639 52.5641025641026

Number Of Homes And Apartments:
5,925

Gulfport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
104.74% 4.24% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,124 / per month

Homeownership Rate

Homeownership
Owners 65.06
Renters 34.94
Vacant 20.95

Housing Market Details

 

Age of Homes

AGE OF Gulfport HOMES
2000 or Newer 5.5
1970 - 1999 37.2
1940 - 1969 51.2
1939 or Older 6.1

Types of Homes

TYPE OF Gulfport HOMES
Single-Family 57.6
Townhomes 4.8
Small Apt. Buildings 8.6
Apt. Complexes 25.7
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Gulfport HOMES
No Bedroom 2.11
1 Bedroom 18.39
2 Bedrooms 49.65
3 Bedrooms 25.11
4 Bedrooms 4.30
5 or more bedrooms 0.45