Gulfport, MS
⚖️ Balanced Market📊 Fundamental Scores
🎯 The Bottom Line
Gulfport offers neutral investment with stable prices and modest rent growth potential, but oversupply and slow sales demand patience for cash-flow focused buyers.
📈 Price History
📊 Market Activity
📈 Market Analysis
Market Cycle
The Gulfport market is in a stabilization phase with a NEUTRAL verdict and a -0.4% YoY price change indicating flat appreciation. The Price-to-Rent ratio of 15.8x sits in a moderate range, suggesting neither extreme overvaluation nor deep undervaluation. With a Risk rating of A, the market is considered low volatility, but the lack of momentum means investors should not expect rapid equity gains in the short term.
Supply & Demand
Supply conditions are currently loose, with 6.9 months of inventory favoring buyers. The Redfin data shows inventory at 398 units with 118 new listings versus only 58 sold properties, creating a significant imbalance. This is reflected in the 26.9% price drop rate, a clear signal that sellers must adjust expectations to attract buyers. The 15.3% off-market rate in two weeks indicates some urgency, but the overall market depth remains shallow.
Pricing Power
Buyers hold the leverage in negotiations, evidenced by the 95.9% sale-to-list ratio, which is below the 100% threshold. Properties are lingering with a 42 day DOM (Days on Market), giving buyers time to shop. While the median price of $196,725 remains accessible, the combination of high inventory and price drops suggests pricing power is weak for sellers. Appreciation will likely remain capped until absorption rates improve.
Gulfport, MS Housing Market Forecast 2026–2028
🔮 Gulfport Price Forecast 2026–2028
Gulfport, MS Housing Market Forecast 2026–2028
For those asking will Gulfport home prices drop, the current data suggests a period of stabilization rather than a significant correction. The local market is exhibiting a slight cooling phase, with a median home price of $196,725 and a minimal year-over-year price change of -0.4%. This minor dip, however, should be viewed in the context of a resilient five-year performance, which saw a cumulative price increase of 29.2%. The market's temperature, currently at 62/100, indicates a balanced environment where buyers and sellers have more equal footing. This is further supported by a price-to-rent ratio of 15.8x, which remains below the national average, suggesting that purchasing a home in Gulfport still presents a relatively attractive value proposition compared to renting.
Looking ahead to the 2026-2028 period, the Gulfport housing market forecast points toward modest, sustainable growth. The city's economy, heavily anchored in tourism and the Port of Gulfport, provides a stable foundation, but future performance will be closely tied to regional factors like coastal resilience investments and the broader health of the Mississippi economy. With a risk grade of A and a neutral buy/rent verdict, the market is not poised for the rapid appreciation seen in previous years but is unlikely to experience a sharp downturn. Inventory levels, reflected in a moderate 42 days on market, suggest that well-priced properties will continue to attract attention. For those considering Gulfport real estate Gulfport 2027, the outlook is for a steady, mature market where affordability and local economic stability will be the primary drivers of value.
Disclaimer: This forecast is a statistical projection based on historical price trends and should not be considered financial advice. Actual market outcomes may vary due to economic conditions, interest rates, local regulations, and other factors.
🏠 Rent vs Buy Analysis
Monthly Costs
At a median price of $196,725 and a rent estimate of $923/mo, the monthly carrying costs of ownership (mortgage, taxes, insurance) will likely exceed the rental cost in the current interest rate environment. The 15.8x P/R ratio indicates that renting is financially competitive with buying, especially when factoring in maintenance and vacancy risks. Cash flow for a leveraged purchase is tight unless a significant down payment is made.
5-Year View
Over a 5-year horizon, appreciation is projected to be modest given the -0.4% YoY trend. However, Gulfport's economy provides stability. If interest rates decline, the cost of borrowing will decrease, potentially boosting demand and absorbing the current 6.9 months of supply. This could lead to a slight uptick in property values, though rapid growth is unlikely given the current inventory levels.
When to Rent
- If you prioritize liquidity and flexibility over building equity.
- If monthly rent of $923 is significantly lower than total mortgage payments.
- If you want to avoid the risks associated with high inventory and price stagnation.
When to Buy
- If you plan to hold long-term (10+ years) to ride out the flat cycle.
- If you can negotiate below the 95.9% sale-to-list ratio.
- If you find a property with renovation potential to force appreciation.
🧮 Can You Afford Gulfport? Interactive Calculator
Income Reality Check
Can you actually afford Gulfport?
Great! At 17.9%, this mortgage falls within healthy financial limits. You have strong purchasing power in Gulfport.
💰 Investment Thesis
Cash Flow
Cash flow is the primary driver in Gulfport due to the neutral appreciation environment. With a rent of $923 and a purchase price of $196,725, investors must secure favorable financing to achieve positive cash flow. The 15.8x P/R ratio requires careful underwriting; however, the low Risk rating of A suggests stable tenancy and lower volatility in operating expenses. Investors should focus on minimizing acquisition costs to improve the cap rate.
House Hacking
House hacking is a viable strategy in Gulfport. The affordability score of 50 indicates that entry-level properties are accessible. By purchasing a multi-family or a single-family with a spare room, an owner-occupant can offset the mortgage with the $923 market rent. This strategy mitigates the risk of the 6.9 months of supply by reducing holding costs and providing an exit strategy if the market softens further.
Target Investor
The ideal investor for Gulfport is a Buy-and-Hold player focused on cash flow rather than speculative appreciation. With an Investor score of 50, the market is neutral for pure investment, but the low entry price point of $196,725 allows for portfolio diversification without heavy capital deployment. This market suits patient investors who can weather the current 42 day DOM and negotiate aggressively to secure deals below asking price.
🏘️ House Hacking Calculator Interactive Calculator
House Hacking CalculatorOwner-Occupied Multi-Fam
🗺️ Neighborhood Breakdown
Entry-Level
Entry-level neighborhoods in Gulfport are defined by the median price point of $196,725. These areas are seeing the most activity from first-time homebuyers and cash-flow investors. However, with 26.9% of listings experiencing price drops, sellers in this tier are under pressure. Inventory is high, giving buyers the upper hand to inspect and negotiate. These areas offer the best potential for cash flow due to lower acquisition costs.
Mid-Range
The mid-range segment is experiencing slower movement, aligning with the overall 42 day DOM. Properties in this bracket are likely to be more updated or in established subdivisions. The 95.9% sale-to-list ratio suggests that mid-range sellers are holding firm on price but are eventually forced to concede. This segment is less volatile but offers lower cash-on-cash returns compared to entry-level due to higher absolute prices.
Premium
Premium properties in Gulfport face the toughest headwinds due to the loose supply conditions. With 6.9 months of supply, luxury inventory sits longer, leading to higher price reduction probabilities. Buyers in this segment have significant leverage and can demand concessions. Appreciation potential is lowest here in the short term, making it more suitable for lifestyle buyers rather than investors seeking immediate returns.