The housing market in Biloxi, MS has seen great appreciation over the past year. The median value of a home in Biloxi is $210,400, which is significantly lower than the US median value at $338,100. The US house appreciation rate is 8.27%, whereas the 1 year appreciation rate for houses in Biloxi is 14.52%. This indicates that the housing prices are increasing rapidly and provides an opportunity for potential homeowners to invest in this area while prices are still relatively affordable.
The median home cost in Biloxi is $210,400. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Biloxi is up 15.8%.
Average Age of Homes
- The median age of Biloxi real estate is 30 years old
The Rental Market in Biloxi
- Renters make up 43.5% of the Biloxi population
- 4.1% of houses and apartments in Biloxi, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.