Gulf Port, MS

Population: 67,793
Average annual home appreciation rate: -1.96%
Total of homes for sale in this market: 751
Median home price: $109,104
Median Rent: $662
Home price range: 46.11% of homes are between $86,001 – $172,000
Median sales price: Still calculating data
Number of homes: Still calculating data
Median foreclosure sales price: Still calculating data
Foreclosure discount: Still calculating data
Most common home type: 64.05% of homes are Single Family Detached
Number of vacant homes: 17.31%
Number of renters: 38.81%
Number of owner occupied: 61.19%
Number people living below poverty level: 21.93%
Unemployment rate: 8.50%
Is this area perfect for real estate deals going on right now? Gulfport has had a pretty good run of home appreciation for the past decade. Just recently has the market started to take a dip down, and drop into the negative. This is some instances, could be a good thing for the savvy investor knowing that this will have an impact on the overall prices of the homes in the area. The prices are already lower, and the rents are higher than the national average which is great for the buy and hold investor. The large number of vacant properties also has a negative impact on the overall appreciation that the market is experiencing now, but could have a great impact on the availability of discount properties for real estate investors willing to ride the storm out and wait for the market to make its promised return.

Jackson, MS

Population: 172,637
Average annual home appreciation rate: -1.01%
Total of homes for sale in this market: 450
Median home price: $87,123
Median Rent: $573 per room
Home price range: 37.10% of homes are between $47,001 – $95,000
Median sales price: NO DATA
Number of homes: 91
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 68.82% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 16.94%
Number of renters: 45.61%
Number of owner occupied: 54.39%
Number people living below poverty level: 28.31%
Unemployment rate: 5.90%
Is this area perfect for real estate deals going on right now? Notably, Jackson’s appreciation rate in the latest quarter is one of the lowest in America. Relative to Mississippi, our data show that Jackson’s latest annual appreciation rate is lower than 70% of the other cities and towns in Mississippi. There is always opportunity for savvy real estate investors in a market that has been ‘down’ for some time and benefits from the recovery when it begins to move up.

Tupelo, MS

Population: 35,827
Average annual home appreciation rate: 10.86%
Total of homes for sale in this market: 297
Median home price: $116,778
Median Rent: $492 per room
Home price range: 37.11% of homes are between $99,001 – $198,000
Median sales price: NO DATA
Number of homes: 3
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 73.29% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 11.80%
Number of renters: 38.55%
Number of owner occupied: 61.45%
Number people living below poverty level: 22.54%
Unemployment rate: 6.90%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation rates in the Tupelo area, the great prices of homes, and rental rates this combination could be a profitable investment for the savvy buy and hold investor.

Hattiesburg, MS

Population: 47,556
Average annual home appreciation rate: -0.77%
Total of homes for sale in this market: 336
Median home price: $110,068
Median Rent: $692 per room
Home price range: 36.55% of homes are between $98,001 – $197,000
Median sales price: Still gathering data
Number of homes: 18
Median foreclosure sales price: Still gathering data
Foreclosure discount: Still gathering data
Most common home type: 51.88% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 15.12%
Number of renters: 65.89%
Number of owner occupied: 34.11%
Number people living below poverty level: 36.62%
Unemployment rate: 8.20%
Is this area perfect for real estate deals going on right now? Statistically speaking, one can see that Hattiesburg has been hit by a down trend in both the economy and the housing market overall. When one looks at the success of real estate investors, you will find that many of them have found their success when investing in properties in areas such as Hattiesburg when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back. With higher rental rates, lower overall cost on homes, and multiple vacant properties on the market, this could be a great opportunity for the savvy buy and hold investor.

Biloxi, MS

Population: 44,820
Average annual home appreciation rate: 13.38%
Total of homes for sale in this market: 346
Median home price: $144,317
Median Rent: $838 per room
Home price range: 47.04% of homes are between $97,001 – $194,000
Median sales price: Still gathering data
Number of homes: 13
Median foreclosure sales price: Still gathering data
Foreclosure discount: Still gathering data
Most common home type: 53.68% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 18.89%
Number of renters: 55.06%
Number of owner occupied: 44.94%
Number people living below poverty level: 22.44%
Unemployment rate: 6.50%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Biloxi area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.