Mortgage payment estimates, closing cost breakdowns, and homebuying data for Gulfport, Mississippi.
Pre-filled with Gulfport median home price and Mississippi tax/insurance rates. Adjust for your property.
Estimated closing costs based on Mississippi rates and fees applied to Gulfport prices.
The median home price in Gulfport is $185,000, 6% above the Mississippi state median of $175,000. With a population of 72,926, Gulfport is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Mississippi average 0.8% annually. This moderate property tax rate means a $185,000 home in Gulfport would carry roughly $123/month in property taxes. Homeowners insurance in Mississippi runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Gulfport is $1,050/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Gulfport over the long term.
Gulfport offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Mississippi's MHC Smart Solution program.