Side-by-side comparison of home prices, mortgage payments, and housing costs between Biloxi and Southaven, Mississippi. Using Mississippi's 0.8% property tax rate and $2,400/year insurance. Updated for 2026.
Biloxi edges out Southaven in affordability, saving you roughly $270/month on total housing costs. Both cities are in Mississippi, so property tax rates and insurance costs are the same — the difference comes down to home prices and what you get for your money in each market.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI. Uses Mississippi's 0.8% property tax rate.
Buying in Biloxi saves you approximately $270/month ($3,240/year) compared to Southaven, based on median home prices with identical loan terms.
Biloxi is the better choice for first-time buyers, with a median price of $195K versus $235K in Southaven. That's $40K less to save for a down payment. You'd need roughly $7K for an FHA 3.5% down payment in Biloxi, compared to $8K in Southaven. Mississippi offers the MHC Smart Solution program (Up to $10,000 DPA) which applies in both cities.
Biloxi has the better price-to-rent ratio at 15.0x versus 16.6x in Southaven. A lower ratio generally signals better rental income relative to purchase price. Average rent in Biloxi is $1,080/month on a $195K median home, making it a stronger candidate for buy-and-rent investors.
Southaven (pop. 54,368) offers more amenities, schools, and services typical of a larger city, while Biloxi (pop. 46,212) may offer a quieter, more community-oriented lifestyle. Families on a budget may prefer Biloxi, where lower housing costs free up more income for childcare, education, and savings.