Gulfport Home Prices: $181K, Down 0.1% — 3 ZIPs Analyzed (2026)

$181,065. That’s what a typical home costs in Gulfport, Mississippi — barely changed from a year ago. While markets across the Sun Belt swing up or down, Gulfport sits nearly frozen, posting a -0.1% year-over-year decline as of February 2026.

Quick answer: The average home price in Gulfport, MS is $181,065 as of February 2026, down 0.1% year over year according to Zillow.

Current Home Prices in Gulfport

A 0.1% drop barely registers. In dollar terms, that’s roughly $180 less than the same home cost a year ago. Gulfport’s market has been remarkably stable — not sliding, not surging.

The price range tells a bigger story. The gap between the cheapest and most expensive ZIP is $114,480. That’s a 2x difference within the same city limits. Where you buy matters more than when.

For context, the median sits well below the national average. Gulfport remains one of the more affordable Gulf Coast markets, and the flat pricing suggests neither panic selling nor a bidding frenzy.

Gulfport Home Prices by Neighborhood

Most Expensive

39503 tops the list at $225,440 — about 25% above the city median. Rents here also run highest at $1,678 per month, suggesting stronger demand and newer housing stock.

39507 follows at $206,794, roughly 14% above median. Rent sits at $1,372, a middle ground that reflects a solid but less premium market compared to 39503.

Most Affordable

39501 is the clear value play at $110,960 — a full 39% below the city average. Rents are the lowest too, at $1,115 per month. If you’re buying on a budget in Gulfport, this is the ZIP to watch.

The spread between 39503 and 39501 is striking. You could nearly buy two homes in 39501 for the price of one in 39503.

Rent vs Buy in Gulfport

Here’s what renting costs across Gulfport’s three tracked ZIP codes:

A price-to-rent ratio below 15 generally favors buying. All three Gulfport ZIPs fall well under that threshold.

Take the city median of $181,065. With 20% down ($36,213) and a 30-year mortgage at 7%, your monthly principal and interest payment would be about $963. Add property taxes and insurance — call it $1,200 total — and you’re in the range of what rent costs in the cheapest ZIP.

In 39501, the math is even more lopsided. A mortgage on a $111K home with 20% down runs about $590 per month in principal and interest. Rent there is $1,115. You’d save over $500 monthly by buying, before even accounting for equity.

Renting makes sense if you’re not staying long. But if you plan to be in Gulfport for three or more years, the numbers favor ownership across all three ZIPs.

Population Growth and Migration

Gulfport’s population reached 74,621 in 2024, up 2.4% from 72,880 in 2020. The city is growing — slowly, but consistently.

The dip in 2021 was short-lived. Since then, Gulfport has added residents every year, with the biggest single-year jump between 2023 and 2024 — an increase of 1,526 people.

How does Gulfport compare to other Mississippi cities?

Jackson is losing people fast — down 7.6% in four years. Southaven is growing at double Gulfport’s rate. Gulfport sits in the middle: steady growth without a boom.

For housing, this moderate growth supports stable demand. You’re not seeing the population surges that cause bidding wars, but you’re also not in a shrinking market where values erode.

Gulfport Housing Market Trends

This 12-month chart reveals a U-shaped pattern. Prices dipped from March 2025 ($181,190) through November 2025 ($179,191) — a mild $2,000 decline over eight months. Then they reversed, climbing back to $181,065 by February 2026.

The cheapest ZIP (39501) tells a different story. It dropped more sharply — from $115,049 in March to $109,216 in November, a 5.1% slide. It has only partially recovered to $110,960.

The most expensive ZIP (39503) held steadier, ranging from $222,709 to $225,440. Pricier homes appear more insulated from the dip.

Overall, the market is essentially back where it started a year ago. No crash. No rally. Sideways.

Is Gulfport a Good Place to Buy in 2026?

The data points to a balanced market. Prices aren’t falling in a way that signals distress, and they aren’t rising fast enough to create urgency.

Buyers have time. The flat year-over-year trend means you’re not losing ground by taking a few months to shop. There’s no bidding-war pressure visible in this data.

The rent-vs-buy math strongly favors ownership. With price-to-rent ratios between 8 and 13 across all ZIPs, your monthly housing cost drops when you buy — especially in 39501.

Steady population growth of 2.4% supports long-term demand without creating the supply crunches that drive prices up sharply. Gulfport won’t make you rich on appreciation, but it’s unlikely to leave you underwater either.

If you’re looking for affordable Gulf Coast living with stable values, the data supports buying. If you’re looking for rapid appreciation, you’ll need to look elsewhere.

Gulfport Housing Market Outlook for 2026-2027

The three-month trend from December 2025 through February 2026 shows gentle upward momentum — prices rose about $1,770 over that stretch, or roughly $590 per month.

If the current pace continues through mid-2026, the city median could drift toward $183,000 to $185,000 by summer. That would represent modest 1-2% annual appreciation.

The recent reversal from the late-2025 dip suggests a floor around $179,000. Prices tested that level for several months and bounced. Barring a local economic shock or a sharp move in mortgage rates, a return below that floor seems unlikely in the near term.

The cheapest areas may see slightly stronger percentage gains as they recover from their steeper 2025 decline. But don’t expect dramatic moves in either direction. Gulfport’s market is defined by stability.

Similar Markets in MS

If you’re considering Gulfport, these nearby Mississippi markets are worth comparing:

• Biloxi — Gulfport’s immediate neighbor on the Gulf Coast, sharing the same metro area and similar price dynamics.
• Jackson — The state capital offers a much larger housing stock but is losing population at -7.6%, which could pressure values.
• Brandon — A suburb of Jackson that may offer a different price profile from the capital itself.
• Meridian — An east Mississippi option for buyers looking at smaller markets.
• Columbus — Another smaller Mississippi city worth checking if affordability is your top priority.

Frequently Asked Questions

What is the average home price in Gulfport?

The average home price in Gulfport is $181,065 as of February 2026. Prices vary widely by ZIP code — from $110,960 in 39501 to $225,440 in 39503. The city median sits well below the national average, making Gulfport one of the more affordable coastal markets in the South.

Are home prices going up or down in Gulfport?

Prices are essentially flat, down just 0.1% year over year. They dipped slightly through mid-to-late 2025, falling about $2,000 from their March 2025 level, then recovered through early 2026. The overall picture is stability rather than any strong directional move.

Is it cheaper to rent or buy in Gulfport?

Buying is cheaper in most scenarios. A mortgage on the city median ($181,065) with 20% down at 7% interest costs about $963 per month in principal and interest. Rents range from $1,115 to $1,678 depending on the ZIP. In the most affordable ZIP (39501), a mortgage runs roughly half the cost of renting the same area.

What is the most affordable neighborhood in Gulfport?

ZIP code 39501 is the most affordable, with a typical home value of $110,960 — 39% below the city average. Rent there runs $1,115 per month. This is the strongest buy-vs-rent value in Gulfport, with a price-to-rent ratio of just 8.3.

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.