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 71,870 people, 28,377 houses or apartments, and a median cost of homes of $139,903, house prices in Gulfport are solidly below the national average.
Single-family detached homes are the single most common housing type in Gulfport, accounting for 62.92% of the city's housing units. Other types of housing that are prevalent in Gulfport include large apartment complexes or high rise apartments ( 22.02%), duplexes, homes converted to apartments or other small apartment buildings ( 8.84%), and a few mobile homes or trailers ( 3.25%).
The most prevalent building size and type in Gulfport are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.23% owning and 51.77% renting.
There is a lot of housing in Gulfport 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 Gulfport built between 2000 and later ( 29.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.25%). There's also some housing in Gulfport built before 1939 ( 3.92%).
Vacant housing appears to be an issue in Gulfport. Fully 16.39% 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'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 0.44%, which is lower than 80% 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 8.75%, which is higher than appreciation rates in 96.22% 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 1.47%, which equates to an annual appreciation rate of 6.03%.
Relative to Mississippi, our data show that Gulfport's latest annual appreciation rate is higher than 90% 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 2000, to assist you in making the best Gulfport real estate investment or home purchase decisions.
|$885,001 - $1,179,000||0.2|
|$590,001 - $885,000||1.3|
|$472,001 - $590,000||1.6|
|$354,001 - $472,000||3.0|
|$236,001 - $354,000||9.3|
|$118,001 - $236,000||42.3|
|$59,001 - $118,000||32.9|
|$0 - $59,000||9.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Gulfport HOMES|
|2000 or Newer||29.8|
|1970 - 1999||41.1|
|1940 - 1969||25.3|
|1939 or Older||3.9|
|TYPE OF Gulfport HOMES|
|Small Apt. Buildings||8.8|
|SIZE OF Gulfport HOMES|
|5 or more bedrooms||1.24|