Total monthly cost of ownership
Cost to Own a Home in Gulfport, Mississippi
A $167,000 home here costs
$1,461per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $859. The real number is $602 higher every month — 70% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Gulfport against Harrison County and Mississippi
| Measure | Gulfport | Harrison County |
|---|---|---|
| Median home value | $167,100 | $199,300 |
| Median property tax | $1,184 | $1,289 |
| Effective tax rate | 0.709% | 0.647% |
| Median gross rent | $1,030 | $1,074 |
| Population | 72,533 | 209,443 |
The weather behind that power bill
Gulfport sits in Harrison County, which averages a high of 90.7°F in its hottest month and a low of 42.4°F in its coldest, with 62.82" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,749 cooling and 1,507 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Harrison County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Harrison County
Full Harrison County cost breakdown · Every county in Mississippi
Common questions
How much does it cost to own a home in Gulfport?
A $167,000 home in Gulfport, Mississippi costs approximately $1,461 per month with 20% down at 6.66%. That is $859 principal and interest, $99 property tax, $151 homeowners insurance, $213 utilities and $139 set aside for maintenance.
What is the property tax rate in Gulfport?
Gulfport has an effective property tax rate of 0.709%, based on a median home value of $167,100 and median real estate taxes of $1,184. That is higher than the Harrison County average of 0.647%.
What is the average home price in Gulfport?
The median owner-occupied home value in Gulfport, Mississippi is $167,100, against $199,300 across Harrison County.
Is it cheaper to rent or buy in Gulfport?
Median gross rent in Gulfport is $1,030 a month, against $1,461 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Gulfport — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Mississippi.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.