Gulfport, Mississippi, boasts a robust short-term rental market with a median occupancy rate of 50%, an average daily rate of $176, and an annual host income of $31,000, making it a profitable and stable investment opportunity despite some seasonal fluctuations.
Thriving Short-Term Rental Market in Gulfport, Mississippi
Gulfport, Mississippi, continues to excel as a lucrative destination for short-term rental investments. The city boasts a robust market driven by its appealing coastal attractions, rich history, and vibrant cultural scene. As of the latest data, short-term rental listings in Gulfport achieve a median occupancy rate of 50%, indicating a strong and consistent demand for vacation rentals throughout the year.
The average daily rate for these rentals stands at $176, contributing to an average annual revenue of $31,000 per listing. This performance is further enhanced by the city's lenient short-term rental regulations and the diverse range of properties available, from luxury waterfront homes to cozy downtown lofts and affordable suburban houses. With peak seasons during the summer months and events like the "Cruisin' the Coast" festival, Gulfport remains an attractive and profitable location for short-term rental investors.
Short-Term Rental Regulations in Gulfport, Mississippi for 2024
Licensing and Permits
- Short-Term Rental Permit: Hosts must obtain a permit issued by the City of Gulfport's Urban Development department.
- Registration: Properties must be registered, and hosts must comply with all registration requirements.
Insurance and Liability
- Liability Insurance: Hosts must secure liability insurance with a minimum coverage of $500,000 per occurrence.
Zoning and Location
- Zoning Restrictions: Short-term rentals are permitted only in specific zoning districts designated for transient accommodations, either as a permitted or conditional use. Properties outside these areas must adhere to a minimum rental duration of one month and are limited to three rentals per year.
Safety Standards
- Safety Features: Properties must be equipped with essential safety features such as smoke detectors, fire extinguishers, and emergency exit plans.
- Inspections: Properties must pass safety and compliance inspections as part of the permit process.
Taxes and Fees
- Tax Collection and Remittance: Hosts must collect and remit state and local sales taxes, as well as a 7% sales tax and a 5% tourism tax on all bookings.
- Registration with Mississippi Department of Revenue: Marketplaces with sales exceeding $250,000 per year must register with the Mississippi Department of Revenue.
Neighborhood Integrity
- Neighbor Notification: Hosts must notify neighbors about their rental operations and allow for notification ahead of permit hearings.
- Community Standards: Hosts must maintain neighborhood integrity and comply with local rules and HOA covenants.
Enforcement
- Code Enforcement: The city has intensified enforcement efforts, including hiring additional code enforcement officers and using software to identify properties operating outside permitted zoning districts.
Compliance and Penalties
- Compliance Requirements: Hosts must comply with all regulations to avoid fines, license revocation, and potential legal action.
- Penalties for Non-Compliance: Failure to comply with regulations can result in significant fines and legal consequences.
Top Neighborhoods for Airbnb Revenue in Gulfport, Mississippi
1. Downtown Gulfport
- Appeal: Downtown Gulfport is a hub of activity, with guests drawn to its proximity to the Mississippi State Aquarium, Jones Park, and the Island View Casino. The area is also known for its fine and casual dining options, as well as its vibrant nightlife and shopping scene.
2. Beachfront Areas (e.g., Gulfport Beach, Long Beach)
- Appeal: These areas offer direct access to the beach, making them ideal for families and beach lovers. Properties here often feature private porches, outdoor kitchens, and stunning coastal vistas. The convenience of being just steps from the beach and other coastal attractions is a significant draw.
3. Historic Downtown and Nearby Neighborhoods
- Appeal: Neighborhoods close to Historic Downtown Gulfport, such as those near the Mississippi Sound, are popular due to their charming antique and vintage furnishings, historic homes, and short walks to local parks and casinos. The nostalgic feel and central location make these areas highly appealing.
4. Gulfport Waterfront and Marina Areas
- Appeal: These areas offer waterfront properties with amenities like private piers, boat docks, and outdoor spaces. Guests enjoy the serene waterfront views, easy access to water activities, and the tranquility of being near the water while still being close to casinos, restaurants, and shopping.
5. Neighborhoods Around Jones Park and the Aquarium
- Appeal: These neighborhoods are attractive due to their walking distance to Jones Park, the Mississippi State Aquarium, and various restaurants. The combination of family-friendly activities, educational attractions, and convenient amenities makes these areas highly sought after.
These neighborhoods are particularly appealing due to their unique blend of beach access, cultural attractions, dining options, and the overall coastal lifestyle that Gulfport offers.
Furnishing and Design Tips for an Inviting Airbnb in Gulfport, Mississippi
Understand the Local Charm
- Incorporate nautical themes and coastal elements, such as shades of blue and white, to reflect Gulfport's seaside spirit.
- Blend contemporary comforts with regional charm, including rustic elements reminiscent of Southern hospitality like reclaimed wood and vintage accessories.
Choose High-Quality Furnishings
- Invest in statement pieces like couches, coffee tables, and dining room tables that define the space. These can be more expensive but are crucial for creating a memorable experience.
- Opt for high-quality bedding and stylish furniture to improve aesthetics and comfort, leading to better guest reviews.
Utilize Local and Unique Decor
- Incorporate unique, local design elements that reflect Gulfport's coastal heritage to create a distinctive and memorable experience for guests.
- Consider using antique and repurposed vintage furnishings to add an elegant and comfortable touch.
Prioritize Guest Amenities
- Provide modern kitchens for home-cooked meals, as well as communal areas like game rooms and pools for relaxation and socialization.
- Include amenities such as beach gear rentals, outdoor grills, and spacious patios or balconies with ocean views to cater to outdoor enthusiasts and beach lovers.
Enhance Outdoor Spaces
- Ensure properties have outdoor spaces such as balconies, patios, or wrap-around decks that take advantage of the coastal weather and views.
- Add plants and greenery to liven up both indoor and outdoor spaces.
Consider Family-Friendly and Pet-Friendly Options
- Offer child-friendly amenities like cribs, high chairs, and games to attract families. Also, consider pet-friendly options with appropriate fees and policies.
Maintain and Protect Your Property
- Regular maintenance is crucial due to Gulfport's humid climate, which can accelerate wear and tear. Invest in robust property protection measures, especially against tropical storms.
- Use durable and easy-to-clean items, such as rugs from ruggable.com, to simplify maintenance.
Reflect the Community and Culture
- Provide local guidebooks and recommendations for local attractions, restaurants, and events to enhance the guest experience and foster a connection with the community.
- Incorporate local cultural elements and historical references to make the space more authentic and engaging.
Discover Gulfport, Mississippi: Local Attractions and Insider Tips
Local Attractions
Beaches and Outdoor Activities
- Gulfport Beachfront: Enjoy pristine beaches with soft sands, gentle waves, and breathtaking sunsets. Take a leisurely stroll along the boardwalk, rent a beach umbrella and chair, or engage in beach volleyball.
- Jones Park: A picturesque green space adjacent to the beachfront, perfect for picnics, playing in the splash pad, or unwinding by the pond.
- Ship Island Excursions: Explore the barrier islands, including pristine beaches and historical Fort Massachusetts. Ideal for birdwatching, snorkeling, or simply soaking in the sun.
Water and Marine Attractions
- Gulf Islands Waterpark: A must-visit for families and water enthusiasts, featuring thrilling water slides, lazy rivers, and wave pools.
- Mississippi Aquarium: Discover over 1 million gallons of aquatic wonders and get up-close experiences with various marine life.
- Ocean Adventures Marine Park: Enjoy interactive shows and experiences with dolphins, sea lions, sharks, and rays.
- Institute for Marine Mammal Studies: An educational and interactive facility dedicated to marine species conservation, offering dolphin shows and touch pools for stingrays.
Cultural and Historical Sites
- Historic Downtown Gulfport: Explore charming boutiques, dine in historic buildings, and admire architectural landmarks such as the Gulfport Railroad Depot.
- Downtown Gulfport Art Walk: A monthly event showcasing local talent, with galleries, shops, and cafes displaying a wide range of artworks.
Family-Friendly Activities
- Lynn Meadows Discovery Center: A children's museum located in a 1915 schoolhouse, offering 15,000 square feet of hands-on exhibits for fun and learning.
- Banana’s Mini-Golf & Arcade: An exciting outdoor mini-golf course and state-of-the-art arcade, perfect for a family outing.
Entertainment and Shopping
- Island View Casino Resort: Offers a thrilling gaming experience with slot machines, table games, and entertainment options.
- Gulfport Premium Outlets: A shopping paradise with a variety of designer and brand-name stores offering discounts on a range of products.
Insider Tips
Dining
- Local Eateries: Don’t miss the authentic Gulf Coast cuisine available in the historic downtown area and along the beachfront.
Events
- Cultural Events: Gulfport hosts various cultural events such as the "World's Largest Fishing Rodeo," "Cruisin' the Coast," and "Smokin' the Sound" speedboat races. Check local calendars for upcoming events.
Activities
- Paddleboarding and Fishing: Explore the blueways on a rented paddleboard or book a fishing charter for a unique experience.
- Golfing: Enjoy a round of golf at one of the local courses, perfect for those looking to combine leisure and sport.
Practical Information
- Weather: Be prepared for potential hurricanes, especially during the hurricane season. Check local weather forecasts before planning outdoor activities.
- Transportation: Use local transportation services or rent a car to easily navigate between attractions.
By providing these recommendations, you can ensure your guests have a well-rounded and enjoyable experience in Gulfport, Mississippi.
Practical Tips to Run a Successful Short-Term Rental Business in Gulfport, Mississippi
To ensure a smooth and successful short-term rental business in Gulfport, Mississippi, several practical tips can be implemented:
Noise Regulations and Guest Communication
Inform guests about quiet hours and noise regulations to maintain neighborhood harmony. Include this information in both digital and physical house manuals to avoid any misunderstandings.
Comprehensive House Manual
Create a detailed house manual that includes essential instructions, Wi-Fi passwords, and other pertinent information. This manual should be both digital, accessible through a welcome message or app, and physical, placed in a conspicuous location within the property.
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 use these locks, along with a unique access code.
Parking Instructions
Include detailed parking instructions in the house manual, accompanied by photos to help guests identify designated parking areas. This can prevent confusion and potential issues with neighbors or local authorities.
By implementing these measures, hosts can enhance the guest experience, reduce potential conflicts, and ensure compliance with local regulations, thereby contributing to a successful and stress-free short-term rental business in Gulfport, Mississippi.
Here is a brief list of house cleaning services in Gulfport, Mississippi:
House Cleaning Services
Royals Cleaning Services
- Provides residential and commercial cleaning services in Gulfport, Biloxi, Long Beach, Pass Christian, and surrounding areas.
- Offers professional cleaners, environmentally friendly cleaning, and 100% satisfaction guaranteed.
Care.com House Cleaning
- Lists multiple affordable house cleaning options starting at $15.50/hr.
- Allows searching by rates, reviews, experience, and more.
Homeaglow
- Offers top-rated house cleaners near you in Gulfport, MS.
- Provides professional, affordable, and background-checked cleaners.
- Initial 3-hour clean starts at $19.
Angi House Cleaners
- Lists the top 10 best house cleaners in Gulfport, MS.
- Average cost to hire a house cleaner is between $30 and $50 per hour, depending on house size and other factors.
Note
For repair or maintenance services, the provided sources do not include specific providers. However, platforms like Angi often list a variety of home service professionals, including those for repairs and maintenance.
Short-Term Rental Management Fees in Gulfport, Mississippi: A Breakdown
In Gulfport, Mississippi, the fees for managing short-term rental properties, such as those listed on Airbnb and VRBO, can vary significantly based on the level of service provided. Full-service management companies, which handle comprehensive tasks including guest communication, marketing, and maintenance, typically charge fees ranging from 20% to 30% of the rental revenue.
On the other hand, more basic services or a la carte options may incur lower fees, often between 10% to 20% of the rental income. Additionally, hosts may need to account for extra fees for services like cleaning, repairs, and design, which can be charged separately by the management company. These fees are part of the overall cost of ensuring that the property is well-maintained, compliant with local regulations, and attractive to potential guests.