Watcharu Finance

Gulfport, MS mortgage & affordability calculator

The typical home in Gulfport, MS is worth about $235,000. With 20% down that's a loan near $188,000 — the calculator is pre-filled with that figure. The Mississippi Gulf Coast's casino industry, rebuilt after Hurricane Katrina, anchors Gulfport's economy alongside a growing shipbuilding sector at nearby Pascagoula. Coastal wind and flood exposure make homeowners insurance here run far above Mississippi's statewide average, even though the state's property tax rate is comparatively low.

$1,220.61 / month

Total interest
$251,425
Total paid
$439,425
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$47k$94k$141k$188k0612182430Year

How much you need to earn

Gulfport, MS's median household income is about $58,000 a year. Under standard 28/36 lending rules that supports a home price around $180,421 with 20% down — below the $235,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$180,419 max home price

Max loan amount
$133,419
Housing payment budget
$1,353
P&I budget
$866
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Gulfport, MS is about $1,400 a month, so owning the median home costs roughly $308 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Gulfport, MS?
On the metro's roughly $235,000 typical home with 20% down, the loan is about $188,000. Principal and interest run near $1,221 a month at today's rate, and Gulfport, MS's property tax plus insurance add about $487, for a full payment near $1,708.
Can I afford a home in Gulfport, MS on the median income?
The median household income is about $58,000 a year. Under standard 28/36 lending rules that supports a home price around $180,421 with 20% down — below the $235,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Gulfport, MS?
Typical asking rent is about $1,400 a month. The full owner payment on a median home is near $1,708, so owning costs roughly $308 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Gulfport, MS?
The effective property tax rate in the core county is about 0.70% of market value — roughly $1,645 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Gulfport, MS rising or falling?
Home values are up about 3% over the past year. The Mississippi Gulf Coast's casino industry, rebuilt after Hurricane Katrina, anchors Gulfport's economy alongside a growing shipbuilding sector at nearby Pascagoula. Coastal wind and flood exposure make homeowners insurance here run far above Mississippi's statewide average, even though the state's property tax rate is comparatively low.

Nearby metros

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