Home Values in Biloxi, Mississippi — 2026 Market Report
Updated March 2026 | Balanced Market | +3.2% YoY
The median home value in Biloxi, Mississippi is $195,000 as of March 2026, which is below the national median of $400,000. Home values in Biloxi have increased by 3.2% over the past year and 17.1% over the last five years. With a population of 46,212 and a median household income of $42,250, the price-to-income ratio stands at 4.6x, making Biloxi affordable for the average household.
Biloxi Housing Market Conditions
| Metric | Biloxi | National Avg |
|---|---|---|
| Median Home Value | $195,000 | $400,000 |
| YoY Appreciation | +3.2% | +3.8% |
| 5-Year Appreciation | +17.1% | +22.4% |
| Price per Sq Ft | $44 | $222 |
| Days on Market | 63 days | 45 days |
| Months of Supply | 4.2 | 3.5 |
| List-to-Sale Ratio | 99.8% | 98.5% |
| Monthly Homes Sold | 19 | — |
| Foreclosure Rate | 0.57% | 0.3% |
Home Value Trends in Biloxi
A homeowner who purchased at the median price of $166,524 five years ago in Biloxi would have gained approximately $28,476 in equity, representing a 17.1% return on investment. Over the past year alone, the typical homeowner gained $6,047 in home equity.
Affordability in Biloxi, MS
With a median household income of $42,250 and a median home price of $195,000, the price-to-income ratio in Biloxi is 4.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,408 compared to estimated monthly ownership costs of $1,056 gives a rent-vs-buy ratio of 0.75. In Biloxi, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Biloxi
The effective property tax rate in Mississippi is 0.8%. On a home valued at $195,000, the estimated annual property tax bill is $1,560, or approximately $130/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Biloxi is 85.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Biloxi, MS?
The median home value in Biloxi, Mississippi is $195,000 as of March 2026. Home values have changed +3.2% over the past year, with a 5-year appreciation of 17.1%.
Is Biloxi a buyer's or seller's market?
Biloxi is currently a balanced market with 4.2 months of housing supply. Homes spend an average of 63 days on market, and the list-to-sale price ratio is 99.8%. Supply and demand are relatively balanced.
Are home values going up in Biloxi?
Yes, home values in Biloxi have increased by 3.2% over the past year. The 5-year appreciation rate is 17.1%, meaning a home worth $166,524 five years ago is now worth $195,000.
Is it better to rent or buy in Biloxi?
The average monthly rent in Biloxi is $1,408, while estimated monthly homeownership costs are approximately $1,056. The price-to-rent ratio is 11.5. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Biloxi, Mississippi is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.