Ocean Springs, MS housing market
Typical home value
$273K
▲ 0.5% 1 yr
Typical rent
$1,846/mo
▲ 3.4% 1 yr
Gross rent yield
8.1%
U.S. 6.3%
5-year home value change
+22%
U.S. +20%
Key takeaways
- 1The typical home in Ocean Springs is worth $273,211, up 0.5% over the past year and up 22% over five years.
- 2Typical rent is $1,846 a month (+3.4% YoY), a gross rent yield of 8.1% (above the Gulfport, MS metro's 7.6%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,501/mo, $345 less than typical rent.
- 4Zillow forecasts the Gulfport, MS metro's home values to change +1.4% over the next 12 months.
Market temperature (Gulfport, MS metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 29/100, #451 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Ocean Springs compares
| Measure | Ocean Springs | Gulfport, MS metro | United States |
|---|---|---|---|
| Typical home value | $273,211 | $224,165 | $366,157 |
| Home value, 1-yr change | +0.5% | +1.9% | +1.2% |
| Typical rent | $1,846 | $1,422 | $1,932 |
| Rent, 1-yr change | +3.4% | +0.7% | +2.7% |
| Gross rent yield | 8.1% | 7.6% | 6.3% |
| Price-to-rent ratio | 12.3 | 13.1 | 15.8 |
| Mortgage P&I, typical home | $1,501 | $1,232 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Ocean Springs rental, pre-filled.
Rent vs buy in Ocean Springs
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $273K home.
Other cities in the Gulfport, MS metro
Gulfport, MS
$206K home$1,467 rent
▲ 2.2% 1 yr
Biloxi, MS
$241K home$1,341 rent
▲ 3.2% 1 yr
Gulf Hills, MS
$252K home$1,459 rent
▲ 0.7% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.