1031 Exchange Biloxi-Gulfport, Mississippi

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Biloxi-Gulfport due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Biloxi-Gulfport, Mississippi is a part of the Gulfport-Biloxi, MS metropolitan area, and contains 12 zip codes, including: 35901, 39531, 39533, 35905, 35907, and 39532.

Biloxi-Gulfport Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Biloxi-Gulfport, MS metropolitan area was $829, which is 8.51% lower than 2014 average rent. This represents a compounded annual growth rate of 1.65%. 2019 vacancy in Biloxi-Gulfport, MS was 3.90%.

The total population of the city of Biloxi-Gulfport, MS has grown 6.01% since 2010. As of 2018, the population was 71,870. The median household income of the Biloxi-Gulfport was $37,811, which is 37.29% lower than the national average.

  • metropolitan area Gulfport-Biloxi, MS
  • avg rent $829
  • rent growth 8.51%
  • vacancy 3.90%
  • median income $37,811
  • population (2018) 71,870
  • population growth 6.01%
  • vs. nat'l avg 37.29%
  • zip codes 39530 39531 39532 39533 39534 39535 35901 35902 35903 35905 35906 35907

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