The typical owner-occupied home in Gulfport is worth about $174,600, 3% above the Mississippi median of $169,800 and 48% below the national median of $332,700. Owners pay a median $1,253 a year in property taxes, about 0.72% of their home's value, close to the Mississippi rate of 0.72%. The median household earns $49,919 a year, so the median home costs 3.5 times the median income (3.0 times for Mississippi). 55% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Gulfport at a glance
| Gulfport | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $174,600 | $169,800 | $332,700 |
| Median property tax paid per year | $1,253 | $1,215 | $3,119 |
| Property tax as a share of value | 0.72% | 0.72% | 0.94% |
| Median household income | $49,919 | $56,447 | $80,734 |
| Homes lived in by their owners | 55% | 70% | 65% |
| Owner homes with a mortgage | 60% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,339 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 22.6% | 19.8% | 21.0% |
| Median rent | $1,086 | $954 | $1,413 |
| Rent as a share of renters' income | 33.6% | 30.7% | 30.6% |
| Median year homes were built | 1986 | 1986 | 1980 |
| Vacant homes | 13.4% | 14.6% | 10.1% |
| Population | 73,003 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Gulfport
At this week's average 30-year rate of 7.11%, buying the median Gulfport home of $174,600 with 20% down costs about $1,117 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,408, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $47,878 for the 20%-down payment. That payment is 27% of the median Gulfport household income of $49,919; at that income and 20% down, the 28% guideline points to a home of about $182,000.
The median rent here is $1,086 a month, so owning the median home costs about $31 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $34,920 |
|---|---|
| Loan amount | $139,680 |
| Principal and interest | $940 |
| Property taxes (0.72% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| PMI | $0 |
| Total per month | $1,117 |
Change the numbers in the calculator
| Down payment | $6,111 |
|---|---|
| Loan amount | $171,438 |
| Principal and interest | $1,153 |
| Property taxes (0.72% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| FHA mortgage insurance | $77 |
| Total per month | $1,408 |
Change the numbers in the calculator
Questions about home buying in Gulfport
What is the median home value in Gulfport?
About $174,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gulfport?
Homeowners pay a median $1,253 a year, which is about 0.72% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Gulfport?
For the median home with 20% down at 7.11%, the payment is about $1,117 a month. Keeping that under 28% of gross income takes about $47,878 a year.
More about Gulfport
- Mortgage Refinance in Gulfport
- Debt Relief in Gulfport
- Home Equity Loans in Gulfport
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data