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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 45,637 people, 17,736 houses or apartments, and a median cost of homes of $163,986, Biloxi real estate is some of the most expensive in Mississippi, although Biloxi home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Biloxi, accounting for 51.29% of the city's housing units. Other types of housing that are prevalent in Biloxi include large apartment complexes or high rise apartments ( 29.79%), duplexes, homes converted to apartments or other small apartment buildings ( 7.89%), and a few mobile homes or trailers ( 6.82%).
The most prevalent building size and type in Biloxi are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.72% owning and 58.28% renting.
There is a lot of housing in Biloxi built from 1970 to 1999 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 Biloxi built between 2000 and later ( 28.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.93%). There's also some housing in Biloxi built before 1939 ( 3.19%).
Vacant housing appears to be an issue in Biloxi. Fully 17.53% of the housing stock is classified as vacant. Left unchecked, vacant Biloxi homes and apartments can be a drag on the real estate market, holding Biloxi 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.
Biloxi's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Biloxi during the period has been just -2.09%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Biloxi's appreciation rate, at 4.55%, has been at or slightly above the national average. In the latest quarter, Biloxi's appreciation rate has been -1.05%, which annualizes to a rate of -4.15%.
Notably, Biloxi's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Mississippi, our data show that Biloxi's latest annual appreciation rate is higher than 80% 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 Biloxi differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Biloxi - 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 Biloxi real estate investment or home purchase decisions.
|$767,001 - $1,022,000||0.0|
|$510,001 - $767,000||2.1|
|$409,001 - $510,000||1.4|
|$307,001 - $409,000||6.3|
|$205,001 - $307,000||19.3|
|$102,001 - $205,000||46.6|
|$51,001 - $102,000||18.0|
|$0 - $51,000||5.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Biloxi HOMES|
|2000 or Newer||28.6|
|1970 - 1999||43.3|
|1940 - 1969||24.9|
|1939 or Older||3.2|
|TYPE OF Biloxi HOMES|
|Small Apt. Buildings||7.9|
|SIZE OF Biloxi HOMES|
|5 or more bedrooms||1.00|