Median Home PriceBETTER
$220,811.09
Median RentBETTER
$1,389.67/mo
Price-to-Rent RatioBETTER
13.2
Property Tax RateTIE
0.81%
Price Change (1Y)
+0.0%
Price Change (5Y)
+0.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$89,637
Median Home Price
$295,634.25
Median Rent
$1,734.52/mo
Price-to-Rent Ratio
14.2
Property Tax RateTIE
0.81%
Price Change (1Y)BETTER
+0.5%
Price Change (5Y)BETTER
+2.7%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$120,479
Key Differences
Home Prices
Biloxi's median home price of $220,811.09 is lower than Southaven's $295,634.25 by 25%.
Monthly Rent
Renting in Biloxi costs $1,389.67/mo compared to $1,734.52/mo in Southaven—a difference of $344.85/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.