According to statistics, the population in Biloxi, MS amounts to 45,328, which shows decline 0% compared to the previous year. The median age of the city’s residents is 35. The average household income is $43,632, shifting growth 11% from the past year, and the average property value in Biloxi, MS growth 4% to $154,800 throughout the year.
|Number Of Employees||18,158|
|Median Property Value||$154,800|
The average household income in Biloxi, MS grew from $39,447 to $43,632 in the past year. This data is an estimate based upon 17,641 households in Biloxi, MS . The chart below presents how household income is distributed in Biloxi, MS in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Biloxi, MS shifted from $149,100 to $154,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Biloxi, MS in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Biloxi, MS properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Biloxi, MS compared to median property taxes around the country. The prevalent amount of property taxes in Biloxi, MS equals $800, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Biloxi, MS increased by 23.9% to $348,655.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 85.8% to $278,750. Asking price for 2-bed apartment also increased by 7.6% and a place of this size will now cost you $232,404. A 3-bed apartment goes for $269,480, it decreased by 1.8% lately. We discerned the rise of 4- and more bed apartment price. It increased by 7.4% and made it up to $468,653.
While assessing the property pricing Biloxi, MS, you can note that it remains flat with a price tag of $59,900. Price reports demonstrate that house price increased by 3% this month making it up to $343,334. Condos are really in demand in this season. The median price for a condo increased by 3.7%, it’s now available for $304,478.