39534, Biloxi, MS

The 39534 zip code of Biloxi, MS has a median home value of $132,000 and a median home equity of $101,000. This is lower than the state median home value of $177,500 and the national median home equity of $146,200. The 39534 zip code also has a lower than average homeownership rate at 54%. This is likely due to the high unemployment rate in this area and the lack of available housing.

The 39534 zip code has seen an increase in home prices over the past five years. In 2012, the median home value was $109,000. Over the next five years, prices increased by an average of 5%. In 2016, the median home value was $132,000. This represents an increase of 12% over 2015 values. The trend appears to be continuing as prices have increased by an average of 5% over 2017 values thus far.

There are several factors that may be contributing to these increases in home prices in Biloxi:

-The low homeownership rate in this area may be driving up demand for homes

-Low interest rates are making it more affordable to borrow money for homes

-The population growth in this area is likely contributing to increased demand for housing

-Local job opportunities may be increasing incomes which can then be used to purchase homes