Harrison County, Mississippi
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1 Platform, 6 Refinance Alerts
01
Alert for Lower Rates
02
Alert for Cash Out
03
Alert for Shorter Term
04
Alert for Eliminating PMI
05
Alert for Product Changes
06
Alert for Changes in Home Value
Harrison Real Estate Market Update
The real estate market in Harrison County, Mississippi, is experiencing a stable trend with a median home list price of $250,023 as of October 2024. This price has remained unchanged from the previous year, indicating a steady market. Homes in the area are listed at a median price of $143 per square foot, and the county has seen an increase in housing inventory, with 1,494 homes for sale, a 7.1% increase from the previous month.
Harrison County is home to several prominent cities, including Gulfport, Biloxi, and Pass Christian. Gulfport, the largest city, has a population of approximately 71,000 and is known for its affordable housing market, with a median listing price of $248,500. Biloxi, with a population of around 46,000, offers a slightly higher median listing price of $298,000, reflecting its vibrant cultural scene and proximity to the Gulf Coast. Pass Christian, a smaller city with a population of about 5,500, features a more upscale market with a median listing price of $464,500.
Living in Harrison County offers a mix of suburban and rural experiences, with areas dedicated to agriculture and suburban life. The county's economy is supported by industries such as tourism, gaming, and seafood processing, which attract people looking for job opportunities and a coastal lifestyle. The region's appeal is further enhanced by its scenic beauty and recreational activities, drawing new residents seeking a balance between work and leisure. Migration patterns suggest that people are moving to Harrison County for its affordable housing, economic opportunities, and quality of life.
2025 Mortgage Loan Limits:
Harrison County, Mississippi
1 Unit
$806,500
Conforming Loans
$524,225
FHA Loans
2 Unit
$1,032,650
Conforming Loans
$671,200
FHA Loans
3 Unit
$1,248,150
Conforming Loans
$811,275
FHA Loans
4 Unit
$1,551,250
Conforming Loans
$1,008,300
FHA Loans
Questions About Refinancing in
Harrison County
What is mortgage refinancing?
Refinancing is the process of replacing your current mortgage with a new one, often to secure a lower interest rate or change the loan terms.When should I consider refinancing?
Consider refinancing when interest rates drop, your credit score improves, or you want to switch from an adjustable-rate to a fixed-rate mortgage.How much does it cost to refinance?
Refinancing costs typically range from 2% to 5% of the loan amount, including closing fees, appraisal, and title fees.How long does the refinancing process take?
The refinancing process usually takes between 30 to 45 days, but this can vary based on lender efficiency and document preparation.What are the benefits of refinancing?
Refinancing can lower your monthly payments, reduce interest rates, shorten loan terms, or allow you to tap into home equity.What is cash-out refinancing?
Cash-out refinancing allows you to take out a new loan for more than your current mortgage balance and receive the difference in cash.Will refinancing hurt my credit?
Refinancing may cause a temporary dip in your credit score due to the hard inquiry, but the impact is usually minor and short-term.Can I refinance with bad credit?
It may be harder to qualify, but some lenders offer refinancing options for people with lower credit scores, though they often come with higher interest rates.How much equity do I need to refinance?
Most lenders require you to have at least 20% equity in your home to qualify for refinancing, though some programs may allow for lower equity percentages.Is it possible to refinance a rental property?
Yes, you can refinance an investment or rental property, though the terms and interest rates may be different compared to refinancing a primary residence.
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