Foreclosures in Biloxi, MS 39532

Current Market Conditions in Biloxi, MS

As of late 2023, the Biloxi real estate market has experienced significant growth, reflecting a broader trend in coastal properties across the United States. The demand for homes has risen due to low mortgage rates and an influx of remote workers seeking a lower cost of living combined with the charm of beach life. This surge in demand has led to an increase in home prices, although the market remains accessible for first-time buyers.

Investors are revitalizing many areas of Biloxi as well, converting older homes into vacation rentals, thanks to the city's popularity as a tourist destination. This trend has not only improved the aesthetic appeal of neighborhoods but has also contributed significantly to the local economy. The overall sentiment in the market indicates a healthy appreciation for property values, especially in desirable neighborhoods close to the beach.

Rent Prices In Biloxi, MS

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Biloxi, MS, is on a rollercoaster ride. The average rent price in Biloxi, MS, is $1,271.00. Indeed, when looking to rent in Biloxi, MS, you can expect to pay as little as $630.00 or as much as $3,020.00, with the average rent median estimated to be $1,200.00. The good news is that finding an affordable and desirable property to rent in Biloxi, MS -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.