39530, Biloxi, MS

The 39530 zip code of Biloxi, MS is located in the Gulf Coast region of Mississippi. The area has a population of approximately 120,000 people and is known for its beaches, casinos, and seafood. Home prices in the 39530 zip code have increased significantly over the past few years due to an influx of new residents and an increase in home equity.

According to Zillow, the median home value in the 39530 zip code was $128,500 as of September 2017. This represents an increase of more than 50% from the $68,500 median home value recorded in September 2016. The average price per square foot for homes in this zip code was $92 as of September 2017. This represents a significant increase from the $69 per square foot average recorded during the same period last year.

One reason for this uptick in home values is that there is a large demand for housing stock within this area. According to Trulia, there has been a 41% increase in housing inventory within this zip code since 2016. This indicates that there are many potential buyers who are interested in purchasing homes within this area. Additionally, many new residents are moving into Biloxi because it offers a high quality of life with its beautiful beaches and casinos. These newcomers are contributing to rising home values by increasing demand and competition for available properties.

Despite these positive trends, there are some risks associated with buying a home within the 39530 zip code. For example, Hurricane Katrina caused extensive damage to many homes and neighborhoods within this area during 2005-2006 which may lead some buyers to shy away from these properties due to fears about future repairs or reconstruction costs.. Additionally, interest rates have remained relatively low over recent years which could make it difficult for buyers to obtain financing for their purchase.. In spite of these risks however, overall demand appears to be strong enough that prices continue to rise rapidly throughout much of Mississippi's Gulf Coast region