Gulfport, MS Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Why is real estate so cheap in Mississippi? ›

Lower Cost Of Living

The median sale price of housing in Mississippi is about 32% lower than the national average. Because everything in Mississippi is generally cheaper, it costs less money to build houses. This is another main reason why the housing market is so affordable in the state.

Living in Gulfport, MS offers a diverse range of benefits and limitations. The city's sub-tropical climate with picturesque views and affordable housing are definite advantages. The vibrant arts scene, diverse cuisine, and strong sense of community add to Gulfport's charm.

Clarksdale is the most affordable city in Mississippi. It is the birthplace of blues and rock 'n' roll which means you won't have to go far to enjoy the diverse sounds of music. In fact, Clarksdale features live music seven nights a week. Red's Lounge and Ground Zero Blues Club are two popular spots that locals love.

Mississippi Housing Market Overview

In June 2024, home prices in Mississippi were up 1.4% compared to last year, selling for a median price. On average, the number of homes sold was down 10.0% year over year and there were 1,817 homes sold in June this year, down 2,015 homes sold in June last year.

Mississippi is a favorite market for real estate investors because of its diverse options. Jackson is the capital city of the states and features a strong healthcare industry and growing technology sector.

USA Today recently calculated the cost of living across all 50 states. It found that Mississippi's overall cost was $37,949 on average. Though that is the lowest cost in the U.S., the state also has the lowest median household income nationally at $52,719.

Con: Scorching heat and humidity in the summer. During the summer months, Mississippi ranks as one of the hottest and most humid places in the U.S. Temperatures range from mid to high 90s degrees Fahrenheit along with high humidity levels in May through September.

FAQs. What state has the cheapest houses in 2024? With an average house price of $152,373, West Virginia has the cheapest houses in the country, making it a great place for homeowners looking for affordable options. What is the best month to buy a house?