Gulfport, MS home values, income, and owner costs

In Gulfport, MS, the 2024 ACS reports a median owner-occupied home value of $174,600, median household income of $49,919, and median selected monthly owner costs of $1,339 for owners with a mortgage. For the decision at hand, together, those three reference points can help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,339 measure combines recurring ownership expenses instead of real estate taxes alone. In practical terms, a useful affordability review starts with $174,600, $49,919, and $1,339, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Gulfport, MS's $174,600 median home-value estimate is above the statewide $169,800 estimate, with a reported city-to-state gap of 2.8%. For the decision at hand, that 2.8% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Gulfport, MS. It does not mean every local property is 2.8% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. In practical terms, borrowers can apply $174,600 and $169,800 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.