CALCMONEY // HOME AFFORDABILITY // MS // GULFPORT
How much house can you afford in Gulfport? Based on local median home prices, current MS mortgage rates, and Gulfport property tax data.
$195,000
$1,208/mo
$51,777/yr
$187,169
Monthly housing costs of $1,208 represent 29.0% of Gulfport's median gross monthly income ($4,167/mo). At 29.0%, this slightly exceeds the 28% rule. Buyers need above-median income or a 25%+ down payment to qualify comfortably.
| Median Home Price | $195,000 |
| Down Payment (20%) | $39,000 |
| Loan Amount | $156,000 |
| Monthly PI Payment | $1,033 |
| Monthly Property Tax | $94 |
| Monthly Insurance Est. | $81 |
| Total Monthly PITI | $1,208 |
| Housing Cost % of Income | 29.0% |
| Required Income (28% rule) | $51,777/yr |
| Max Affordable Home | $187,169 |
$6,825
$1,554/mo
Gulfport Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $195,000 | Gulfport city median |
| Down Payment (20%) | $39,000 | Conventional loan |
| Monthly PITI | $1,208 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $51,777 | Annual gross |
| Max Affordable Home | $187,169 | Based on median income |
| FHA Down (3.5%) | $6,825 | Minimum FHA |
| Housing Cost % of Income | 29.0% | Median income: $50,000/yr |
| Property Tax Rate | 0.58% | $1,131/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Gulfport is $195,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $156,000, generating a monthly P&I payment of $1,033. Adding property taxes ($94/mo) and homeowners insurance ($81/mo) brings total monthly PITI to $1,208.
Gulfport's property tax rate of 0.58% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Gulfport median home, that is $94/month, or $1,131 per year.
Mississippi levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Gulfport should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Gulfport's median income of $50,000/year can afford up to $1,167/month in total housing costs. Based on Gulfport's mortgage rate of 6.95% and property tax rate of 0.58%, that translates to a maximum affordable home price of approximately $187,169 with 20% down on a 30-year loan.
To afford the median Gulfport home priced at $195,000, you need an annual gross income of approximately $51,777. Total monthly housing costs (principal and interest of $1,033, property taxes of $94, and insurance of $81) come to $1,208/month, which equals 28% of the required income.
At the median home price of $195,000 and median household income of $50,000, the total monthly housing cost of $1,208 represents 29.0% of gross monthly income. This slightly exceeds the standard 28% rule. Buyers will need above-median income or a larger down payment to stay within guidelines.
A conventional 20% down payment on the median Gulfport home of $195,000 is $39,000. An FHA loan requires just 3.5% down — $6,825 — but adds mortgage insurance of roughly $133/month, bringing total FHA payments to $1,554/month.
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