Gulfport, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Gulfport, MS 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Gulfport Housing Market Information

With 71,822 people, 28,377 houses or apartments, and a median cost of homes of $138,182, 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 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 0.10%, 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 12.29%, which is higher than appreciation rates in 96.19% 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 3.12%, which equates to an annual appreciation rate of 13.07%.

Importantly, NeighborhoodScout’s exclusive research found that Gulfport's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

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.

Average Home Values

 

Median Home Value:
$138,182

Gulfport, MS HOME PRICES

Value Range
> $1,165,000 0.5
$874,001 - $1,165,000 0.3
$583,001 - $874,000 1.5
$466,001 - $583,000 1.6
$350,001 - $466,000 3.1
$233,001 - $350,000 10.0
$117,001 - $233,000 44.8
$58,001 - $117,000 30.6
$0 - $58,000 7.6

High for MS
Low for Nation

Value Relative to Nation Value Relative to State
62.1255474452555 21.6326530612245

Number Of Homes And Apartments:
28,377

Gulfport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
49.08% 2.10%
6
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,033 / per month

Homeownership Rate

Homeownership
Owners 48.23
Renters 51.77
Vacant 16.39

Housing Market Details

 

Age of Homes

AGE OF Gulfport HOMES
2000 or Newer 29.8
1970 - 1999 41.1
1940 - 1969 25.3
1939 or Older 3.9

Types of Homes

TYPE OF Gulfport HOMES
Single-Family 62.9
Townhomes 2.6
Small Apt. Buildings 8.8
Apt. Complexes 22.0
Mobile Homes 3.2
Other 0.3

Home Size

SIZE OF Gulfport HOMES
No Bedroom 1.49
1 Bedroom 7.48
2 Bedrooms 27.96
3 Bedrooms 50.44
4 Bedrooms 11.39
5 or more bedrooms 1.24