Looking to buy a beachfront home? You may already be in the most affordable place
Buying a home on the beach sounds like a dream for most, but it could become your reality.
According to SmartAssest’s Most Affordable Beach Towns — 2022 Edition, Mississippi Coast towns dominate the top 10 list.
Over 211 beach cities were studied and ranked in the list. The data used to determine the rankings consisted of average home sale price, average number of rooms per house, median monthly property taxes paid and monthly housing costs.
So, who ranked first?
For the second year in a row, Biloxi takes the No. 1 spot as the most affordable beach town in the country.
An average home in the city is about $229,800 and with approximately 6.4 rooms, this is a price to beat for the location and spaciousness. For a home like this, residents can expect to pay around $800 in monthly housing costs and about $1,200 in property taxes.
Coming in at No. 2 on the list is Gulfport.
With around 6.1 rooms, beach homes in Gulfport cost $166,583 on average. While monthly housing costs are a smidgen higher than Biloxi at $822, the property taxes come in slightly lower at $1,100.
At No. 5 (tied with Pensacola, Florida) is Ocean Springs.
An average home in Ocean Springs costs about $221,917 and typically has around 6.7 rooms. While it is roomy, it will cost you a whopping $1,144 on average in monthly housing costs. The property taxes are higher as well, settling in around $1,442.
Last but not least is Bay St. Louis, which is ranked at No. 7 on SmartAssest’s list.
Bay St. Louis has homes for $278,833 on average and taxes are approximately $1,394. Houses in the Bay St. Louis area usually have around 6.3 rooms and monthly housing costs are slightly pricey at around $962.
Other beach towns in the top 10 include Port Arthur, Texas (third), Myrtle Beach, South Carolina (fourth), Freeport, Texas (eighth), Daytona Beach, Florida (ninth) and Fort Walton Beach, Florida (tenth).
Ready to buy your dream beach house? Check out sites like Realtor, Zillow and Trulia.
This story was originally published May 10, 2022 at 12:38 PM.
