Gulfport, one of the most beautiful and affordable cities to live in Mississippi

Although now at a much slower pace, the chaos left by the pandemic in the U.S. real estate sector still continues, not only due to inflation and high interest rates causing a large number of foreclosures across the nation, but also due to a limited supply of housing in many places, resulting in high prices and unaffordable homes, despite a slight decrease in prices this year 2024.

In terms of figures, the median home value in the United States was $344,000 at the beginning of 2024, which is 3.6% less than the previous year, but in line with trends seen in each season.

With rising mortgage rates that do not allow for faster growth in the real estate sector, and with some areas still experiencing price increases compared to the previous year, we can highlight some cities and counties where prices have decreased to a greater or lesser extent.

Mississippi, a beautiful state located in the heart of the southern country, is one of these places where home prices continue to be attractive to investors, as it is not only known for its hospitality, warm climate, and beautiful coasts, but also for its great quality and lifestyle, with home prices averaging $261,800.

Among the beautiful cities of Mississippi is Gulfport, a coastal city located along the Gulf of Mexico, which today has about 72,800 inhabitants. In Gulfport, you will not only find exotic beaches and a calm and peaceful lifestyle but also very beautiful places for the family, such as the Mississippi Aquarium and the iconic Fishbone Alley. As for home prices in Gulfport, they average approximately $45,000 less than the state’s median value, that is, around $216,000.

Available Foreclosures: 

Gulfport: 150 homes available.

By Elías DaSilva | 07 de Noviembre de 2024.