The short-term rental market in Biloxi, Mississippi, remains a lucrative investment opportunity, with a median occupancy rate of 49%, an average daily rate of $129, and annual host revenues of around $23,000, despite some national trends of softening demand.
Thriving Short-Term Rental Market in Biloxi, Mississippi
Biloxi, Mississippi, continues to showcase a robust and profitable short-term rental market. With a median occupancy rate of 49%, indicating a strong demand for vacation rentals, Biloxi remains an attractive destination for investors and travelers alike. The average daily rate for short-term rentals stands at $129, contributing to an annual host income of approximately $23,000. The city's lenient regulations and the presence of major tourist attractions such as the Beau Rivage Resort & Casino and Hard Rock Hotel & Casino further bolster the market's stability and profitability. This combination of high demand, favorable regulations, and lucrative returns makes Biloxi an excellent choice for those looking to invest in the short-term rental sector.
Short-Term Rental Regulations in Biloxi, Mississippi for 2024
Key Requirements and Compliance
- Certificate of Occupancy:
Applicants must submit a Short-Term Rental Certificate of Occupancy Application, which includes an application fee of $250.00 and an inspection fee of $50.00.
Annual Fire Inspections:
Short-term rentals are subject to annual fire inspections by the Biloxi Fire Department.
Compliance with Local Zoning Regulations:
The short-term rental must operate in full compliance with all local zoning regulations.
Health and Safety Standards:
The rental must adhere to all local health and safety standards.
Conditional-Use Permit:
In some cases, hosts may need to obtain a conditional-use permit for operating a short-term rental, as determined by the City of Biloxi.
Inspection and Approval:
Properties must undergo inspections to ensure they meet the required standards before being approved for short-term rental use.
Fees and Charges:
- Hosts must remit all relevant fees and charges associated with the short-term rental operations, including any taxes and other local charges.
Top Neighborhoods Generating Airbnb Revenue in Biloxi, Mississippi
1. Beachfront Properties along Beach Blvd
- These properties are highly appealing due to their direct access to Biloxi Beach, offering stunning ocean views and the convenience of being within walking distance to various beaches, restaurants, and shopping areas.
- Guests can enjoy amenities like pools, fitness centers, and private balconies with ocean views, making these rentals ideal for a relaxing and enjoyable vacation.
2. Casino Row and Surrounding Areas
- This area is popular due to its proximity to 5-star casinos such as the Beau Rivage and Hard Rock, providing endless entertainment and dining options. Guests can easily access these attractions on foot or via short drives/rides.
- The presence of public transportation and shuttle services adds to the convenience, making it a favorite among couples and solo adventurers.
3. Oak Shores Complex
- Located directly across from Biloxi Beach, the Oak Shores complex is a guest favorite due to its beautifully updated condominiums, luxurious amenities, and central location near several casinos and dining options.
- The complex features updated pools, fully stocked kitchens, and other luxury amenities that enhance the guest experience.
4. Downtown Biloxi and Nearby Residential Areas
- These areas are appealing because they offer a mix of local shops, restaurants, and cultural attractions while still being close to the beach and casino activities.
- Guests appreciate the convenience of being near amenities like the Ohr-O’Keefe Museum of Art and the Grand Bear Golf Course.
5. Long Beach and Bay St. Louis
- These neighboring areas are popular for their family-friendly and pet-friendly rentals, offering a more relaxed and secluded experience while still being within a short drive to Biloxi’s main attractions.
- Properties here often feature waterfront access, pools, and spacious living areas, making them ideal for larger families and groups.
These neighborhoods are highly sought after due to their combination of prime locations, luxurious amenities, and the variety of activities and attractions they offer, making them highly appealing to Airbnb guests.
Furnishing and Design Tips for an Inviting Airbnb in Biloxi, Mississippi
Understanding Your Budget and Space
- Determine your budget and calculate the cost per square foot, which can range from $10 to $15 per square foot for a well-furnished unit.
- Assess the size and layout of your space to plan furniture and decor accordingly.
Choosing Quality Over Quantity
- Avoid buying most furniture from budget stores like IKEA and Target, as they can make your space look less unique and less appealing to guests.
- Invest in statement pieces such as couches, coffee tables, and dining room tables that define the space.
Reflecting Biloxi's Unique Style
- Incorporate elements that reflect Biloxi's coastal and historic charm, such as bespoke antiques, modern coastal decor, and eclectic artwork.
- Use materials and colors that evoke a beachy or Southern feel, such as light woods, pastel colors, and natural textiles.
Essential Amenities
- Ensure the space is fully equipped with necessary amenities like a fully stocked kitchen, comfortable bedding, high-speed internet, and modern entertainment options (e.g., smart TVs with streaming services).
- Add amenities that enhance the guest experience, such as golf carts, bicycles, BBQ grills, and outdoor furniture for beach houses.
Attention to Detail
- Pay attention to small details that can make a big difference, such as adding plants to liven up the space and using decorative items like mirrors, jars, and containers to add a personal touch.
- Consider the lighting and ensure it is both functional and aesthetically pleasing.
Prioritizing Key Areas
- Decide which areas of the home to splurge on, such as the living room or kitchen, as these are often the focal points for guests.
- Balance your budget by making sacrifices in less critical areas to ensure the key spaces are well-appointed.
Maintaining Consistency
- Ensure that the design and furnishings are consistent throughout the space to create a cohesive and inviting atmosphere.
- Use rugs and other decor items to tie together different areas of the home and add warmth and texture.
Guest Comfort and Convenience
- Focus on guest comfort by providing amenities like washer and dryer, dishwasher, and comfortable bedding with pillow tops.
- Ensure that the space is clean, well-maintained, and has clear instructions for using the various amenities and appliances.
Discover Biloxi, Mississippi: Local Attractions and Insider Tips
Beaches and Outdoor Activities
- Biloxi Beach: Enjoy one of the most gorgeous stretches of the US Gulf Coast beaches, particularly the sections between the Biloxi Lighthouse and the convention center.
- Biloxi Bay Bridge: Take a 1.6-mile walk from Point Cadet to Ocean Springs and enjoy the sunrise views and the incredible mosaic mural.
- Gulf Islands Waterpark: A fun destination for families with various water attractions.
- Zip'n Fun Adventure Park: Offers ziplining and other adventure activities.
- Canoe and Trail Adventure Guided Tours and Rentals: Explore the natural beauty of Biloxi through guided canoe tours and trail adventures.
Historic Sites and Museums
- Biloxi Lighthouse: Climb this unique cast-iron lighthouse, but be sure to register for the climb at the Biloxi Visitors Center and go between 9 and 9:30 AM.
- Maritime and Seafood Industry Museum: Learn about the local seafood history, including exhibits on shrimp peeling machines and hurricane history.
- Beauvoir - The Jefferson Davis Home and Presidential Library: Explore the historic home of the Confederate President.
- Biloxi Wade-In: Visit the historic marker and permanent exhibit honoring the Civil Rights protests near the Biloxi Lighthouse.
Cultural and Artistic Experiences
- Ohr-O'Keefe Museum of Art: Admire the collections of George Ohr pottery and other Coastal Mississippi art exhibits. Don’t miss the Annual Spirit of Ohr event.
- Ground Zero Blues Club Biloxi: Enjoy live music, particularly blues acts, and delicious food at this satellite location of the Clarksdale Ground Zero.
- Gulf Coast Art Galleries: Visit various art galleries such as Gallery 782, Dusti Bonge Art Foundation, and Makana Art Studio.
Boat Trips and Water Activities
- Biloxi Shrimping Trip: Learn about the shrimping process and enjoy a fun sailing experience from Biloxi Small Craft Harbor.
- Betsy Ann Riverboat: Relax on a sunset dinner cruise on the only operating paddlewheel boat in Mississippi.
- Ship Island Excursions: Take a boat trip to Ship Island for more beach time and historic exploration.
Dining and Nightlife
- Local Restaurants: Recommend popular spots like One Thirty One Lameuse, Mary Mahoney’s Old French House, Field’s Steak and Oyster House, and Half Shell Oyster House.
- Casino Buffets and Entertainment: Suggest dining at casino buffets and enjoying entertainment events at Beau Rivage, Hard Rock Hotel & Casino, and IP Casino.
Insider Tips
- Sunset Views: Stroll the West Biloxi Beach Boardwalk for spectacular Gulf Coast sunsets.
- Mural Hunting: Explore the various murals around Biloxi, including the Biloxi Tricentennial Mosaic project and the MLK Jr mural.
- Special Events: Check local event calendars for events like Wednesdays at the Depot, WooHoo Wednesday at Margaritaville Resort, and the Annual Jeep-A-Gras.
By providing these recommendations, your guests will have a well-rounded and enjoyable experience in Biloxi, Mississippi.
Practical Tips to Run a Successful Short-Term Rental Business in Biloxi, Mississippi
To operate a successful short-term rental business in Biloxi, Mississippi, several key practices can enhance the guest experience and ensure compliance with local regulations.
Noise Regulations and Guest Awareness
Inform your guests about the local noise regulations and quiet hours to maintain neighborhood integrity. Include this information in both digital and physical house manuals to ensure clarity. This step helps in preventing potential issues with neighbors and avoids any violations of Biloxi's noise ordinances.
Comprehensive House Manual
Create a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline the property's rules and any specific regulations or restrictions imposed by the city or homeowners’ association.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to access the property, and include photos of the smart lock and any other relevant entry points.
Parking Instructions
Ensure that guests know where to park by providing detailed parking instructions accompanied by photos. This helps in avoiding any confusion or potential parking violations, especially if there are specific parking restrictions in the area.
By following these tips, you can enhance guest satisfaction, reduce potential issues, and comply with Biloxi's short-term rental regulations, which include obtaining necessary permits, such as a Certificate of Occupancy and a Privilege Tax License, and adhering to zoning and safety standards.
Here is a brief list of house cleaning providers in Biloxi, Mississippi:
House Cleaning Providers in Biloxi, MS
Care.com Housekeepers
- Lists 60 housekeepers in Biloxi, MS, with an average posted rate of $15/hr and an average experience of 4 years.
Homeaglow
- Offers professional, background-checked house cleaners with a starting rate for a 3-hour clean from $19.
Angi House Cleaners
- Features top-rated house cleaners with costs ranging between $30 and $50 per hour, depending on house size and other factors.
Sparkling and Beyond
- A professional cleaning company using state-of-the-art equipment and having years of experience in the industry.
HomeAdvisor Maid Services
- Lists highly-rated maid services in Biloxi, with an overall rating of 4.9 out of 5 based on 10 reviews.
Note that the list does not include repair or maintenance providers, as the sources primarily focus on house cleaning services.
Short-Term Rental Management Fees in Biloxi, Mississippi
In Biloxi, Mississippi, the fees for managing short-term rentals can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often ranging between 20% to 30% of the revenue.
Basic services, which may include only the essential management tasks, can be less expensive. Additionally, property owners may incur extra fees for services like cleaning, repairs, and design or furnishing of the property. For instance, companies like Christies Gulf Beach Rentals charge a percentage of the gross rental income after deducting cleaning fees and may include additional costs for maintenance and other services. This variability allows property owners to choose a management package that best fits their needs and budget.