Mortgage payment estimates, closing cost breakdowns, and homebuying data for Gulfport, Mississippi.
Median Home Price
$185K
Population
73K
Avg Monthly Rent
$1,050
Property Tax Rate
0.8% *
* Property tax shown is the Mississippi state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Gulfport.
Gulfport vs Mississippi Median
The median home price in Gulfport is $185,000, which is 6% above the Mississippi state median of $175,000.
Mortgage Calculator — Gulfport, MS
Pre-filled with Gulfport median home price and Mississippi tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $185K home using Mississippi's 0.8% tax rate and $2,400/yr insurance.
5% Down
$1,537/mo
Down: $9,250
Loan: $176K
P&I: $1,111
Tax: $123
Insurance: $200
PMI: $103
10% Down
$1,473/mo
Down: $18,500
Loan: $167K
P&I: $1,052
Tax: $123
Insurance: $200
PMI: $97
20% Down (No PMI)
$1,259/mo
Down: $37,000
Loan: $148K
P&I: $935
Tax: $123
Insurance: $200
Income needed (28% rule): $54K/year with 20% down, $63K/year with 10% down.
Rent vs Buy in Gulfport
Rent
$1,050/mo
vs
Buy (10% down)
$1,473/mo
Price-to-rent ratio: 14.7 — With a ratio under 15, buying in Gulfport is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $423 more than renting, but you build equity with every payment.
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.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Gulfport.