Biloxi Home Prices: $208K, Up 0.6% — 3 ZIPs Analyzed (2026)

$208,020. That’s the typical home value in Biloxi, MS as of February 2026. Prices are up 0.6% year over year — barely a wiggle compared to most Gulf Coast markets.

Quick answer: The average home price in Biloxi, MS is $208,020 as of February 2026, up 0.6% year over year according to Zillow.

Current Home Prices in Biloxi

The Biloxi market is flat. After a year of small monthly changes, the median home value sits at $208,020 — about $1,300 higher than it was a year ago.

That puts Biloxi well below the U.S. median. The city’s housing stock is older and concentrated along the Gulf, with three ZIP codes splitting the market between waterfront downtown, the central peninsula, and inland D’Iberville-area neighborhoods.

The spread between the cheapest and most expensive ZIP is about $115,000. For a small city, that’s a wide gap. You can buy a home in Biloxi for under $160K or pay closer to $270K — depending entirely on which side of the city you pick.

The 0.6% annual gain is below the rate of inflation. In real terms, Biloxi homeowners are essentially holding steady, not building equity through appreciation. For buyers, that’s good news: no one is bidding wars, and prices aren’t running away from you.

Biloxi Home Prices by Neighborhood

Three ZIPs cover Biloxi. Each tells a different story.

Most Expensive

• 39532 — $267,556. The priciest ZIP, covering the inland north side near D’Iberville. Newer construction and larger lots push values about 29% above the city median.
• 39531 — $203,824. The mid-Biloxi peninsula, slightly below the city average and offering the cheapest rents in town at $1,225.
• 39530 — $152,679. Even the most affordable ZIP technically ranks third here because there are only three.

Most Affordable

• 39530 — $152,679. Downtown Biloxi and the historic waterfront. Prices sit 27% below the city median, but rents are the highest at $1,541, suggesting tight supply or short-term rental pressure near the casinos.
• 39531 — $203,824. Central Biloxi. Close to the city median with the lowest rent in the table.
• 39532 — $267,556. The expensive end. Worth noting only because Biloxi’s full range fits in one short list.

Rent vs Buy in Biloxi

Rents in Biloxi average roughly $1,390 a month across the three ZIPs, ranging from $1,225 in 39531 to $1,541 in 39530.

Compare that to buying. A $208,020 home with 10% down and a 7% mortgage rate works out to roughly $1,250 in principal and interest. Add property taxes, homeowner’s insurance — which is steep on the Gulf Coast due to wind and flood coverage — and HOA where applicable, and the monthly carrying cost lands closer to $1,800 to $2,000.

Renting wins on monthly cash flow. Buying wins long-term only if you stay put long enough to absorb closing costs and ride out the flat appreciation. With prices growing under 1%, the case for buying as a wealth-building move is weak right now. The case for buying as a lifestyle choice — owning instead of renting — still works.

The cheapest ZIP for renters is 39531 at $1,225. The most expensive is 39530 at $1,541. That inverts the home-price ranking, which is unusual.

Population Growth and Migration

Biloxi is losing people. The Census estimates put the population at 48,144 in 2024, down from 49,428 in 2020. That’s a 2.6% decline over four years.

The drop has been steady, not sudden. About 1,300 fewer people live in Biloxi today than at the start of the decade.

Compare that to neighbors:

Gulfport, just across the bay, is growing. Southaven, near Memphis, is growing faster. Jackson is losing residents three times faster than Biloxi. So Biloxi sits in the middle — not collapsing like the state capital, not expanding like the suburbs.

For housing, shrinking population means soft demand. That’s part of why prices are flat. You don’t get bidding wars in cities people are leaving.

Biloxi Housing Market Trends

The 12-month trend shows almost no movement. The median wandered between $205,664 and $208,020 — a range of less than $2,400.

Prices dipped slightly through the summer and fall of 2025, bottomed in November, then ticked up the last three months. That’s a $2,356 climb from November to February — small in dollar terms but the most concentrated move in the dataset.

The cheapest ZIP, 39530, has been falling the whole way. It dropped from $157,590 in March 2025 to $152,679 in February 2026 — a $4,911 decline. That’s the only Biloxi ZIP showing a clear downtrend.

Is Biloxi a Good Place to Buy in 2026?

The data points to a balanced or slightly buyer-favoring market. Prices grew 0.6% — less than savings account interest. Population is shrinking. The downtown ZIP is dropping in value.

For buyers, that means room to negotiate. Sellers aren’t getting multiple offers in this kind of market. You can push back on price, ask for repairs, and take your time.

For sellers, the news is mixed. You’re not losing money in nominal terms, but you’re not gaining much either. If you bought in 2022 or 2023, you’ve made very little.

The market also splits clearly by ZIP. 39532 is gaining value faster than the city average. 39530 is losing value. That kind of intra-city divergence matters more than the headline number when you’re picking a neighborhood.

Biloxi Housing Market Outlook for 2026-2027

The 3-month trend points up. Prices climbed from $205,664 in November to $208,020 in February — about $785 per month. If the current pace continues, the median would push past $210K by mid-2026.

But the longer-term signal is flatter. The 12-month change is just 0.6%. The recent uptick may be seasonal — late-winter buyers, limited inventory — rather than a sustained shift.

Population decline argues against strong appreciation. Without inflows, demand growth is limited to existing residents trading up or down. The most likely 2026 path: continued slow growth in 39531 and 39532, continued softness in 39530, and a citywide median that ends the year between $208K and $212K.

Similar Markets in MS

• Gulfport — Biloxi’s bigger neighbor across the bay, growing where Biloxi is shrinking.
• Brandon — A Jackson suburb worth comparing if you want a non-coastal Mississippi market.
• Jackson — The state capital, with a much steeper population decline.
• Meridian — An inland alternative for buyers prioritizing affordability.
• Columbus — Northeast Mississippi market for cross-state comparisons.

Frequently Asked Questions

What is the average home price in Biloxi?

The average home price in Biloxi, MS is $208,020 as of February 2026. That figure is the median across the city’s three ZIP codes. Individual ZIPs range from $152,679 to $267,556.

Are home prices going up or down in Biloxi?

Prices are up 0.6% year over year — essentially flat. The 12-month range moved between $205,664 and $208,020, a span of under $2,400. The most recent three months show modest upward momentum.

Is it cheaper to rent or buy in Biloxi?

Renting is cheaper month to month at roughly $1,390 versus a $1,800-$2,000 total ownership cost. Buying makes sense if you plan to stay long enough to recover closing costs, but Biloxi’s flat appreciation weakens the wealth-building argument.

What is the most affordable neighborhood in Biloxi?

ZIP 39530, covering downtown and the historic waterfront, is the most affordable at $152,679. That’s 27% below the city median. Rents in that ZIP, however, are the highest in Biloxi at $1,541 — likely tied to casino-area demand.

Methodology

Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.