Gulfport Mississippi Residential Rent and Rental Statistics
The median monthly gross residential rent in Gulfport, MS (the Gulfport-Biloxi metro area) was $907 in 2019 according to the Census ACS survey.1 Average gross rent in Gulfport was $833 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Gulfport median and average rent data will be released in September of 2021.
Data is also available below for Gulfport rental vacancy rates, Gulfport rent as a percent of median income and the fraction of renters in Gulfport.
Real Gross Rent in Gulfport Mississippi (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Mississippi Median Gross Rent | $777 | -1.77% | +1.97% |
| Gulfport, MS Median Gross Rent | $907 | +5.96% | +4.49% |
Gulfport, MS Real Gross Rent Trends
Median gross rent for Gulfport peaked in real terms in 2008 at $976 and is now $69 (7.07%) lower. Average gross rent for Gulfport peaked in real terms in 2008 at $892 and is now $59 (6.61%) lower.
Real Gross Rent in Gulfport: Gulfport MS Median, Gulfport MS Average, Mississippi Median, US Median
Real Gross Rent History for Gulfport
| Date | US Median |
Mississippi Median |
Gulfport, MS Median |
Gulfport, MS Average |
|---|---|---|---|---|
| 2019 | $1,097 | $777 | $907 | $833 |
| 2018 | $1,077 | $791 | $856 | $833 |
| 2017 | $1,043 | $765 | $874 | $829 |
| 2016 | $1,027 | $762 | $868 | $842 |
| 2015 | $1,017 | $768 | $869 | $848 |
| 2014 | $986 | $751 | $844 | $839 |
| 2013 | $953 | $746 | $856 | $820 |
| 2012 | $940 | $708 | $847 | $826 |
| 2011 | $941 | $744 | $853 | $824 |
| 2010 | $955 | $751 | $919 | $832 |
| 2009 | $960 | $734 | $964 | $867 |
| 2007 | $927 | $715 | $970 | $766 |
| 2005 | $910 | $673 | $793 | $710 |
Gulfport Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Gulfport Mississippi was 11.60% according to Census ACS data.
Rental Vacancy Rate in Gulfport Mississippi
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Mississippi | 10.67% | +0.19% | +2.04% |
| Gulfport, MS | 11.60% | +0.30% | +1.16% |
Trends in Gulfport, MS Rental Vacancy Rate
The rental vacancy rate in Gulfport peaked in 2009 at 20.92%. Since then it has fallen by 9.32% to 11.60%. Data records for this series originated in 2005.
Rental Vacancy Rate: Gulfport MS, Mississippi, US
Historical Rental Vacancy Rate data for Gulfport
| Date | US | Mississippi | Gulfport, MS |
|---|---|---|---|
| 2019 | 5.97% | 10.67% | 11.60% |
| 2018 | 6.15% | 10.48% | 11.30% |
| 2017 | 6.18% | 10.71% | 13.98% |
| 2016 | 5.89% | 8.63% | 10.44% |
| 2015 | 5.85% | 8.89% | 11.23% |
| 2014 | 6.32% | 9.10% | 11.73% |
| 2013 | 6.49% | 8.71% | 12.40% |
| 2012 | 6.77% | 10.91% | 15.81% |
| 2011 | 7.40% | 13.13% | 18.79% |
| 2010 | 8.17% | 12.60% | 18.86% |
| 2009 | 8.43% | 11.34% | 20.92% |
| 2007 | 7.87% | 10.16% | 8.29% |
| 2005 | 7.74% | 8.56% | 9.16% |
Rent as a Fraction of Income
Using median household income data for Gulfport, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Gulfport, median monthly gross rent as a fraction of median household income was 21.49% in 2019 according to the ACS.
Gulfport Mississippi Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Mississippi | 20.36% | -0.49% | -0.56% |
| Gulfport, MS | 21.49% | +0.22% | +0.07% |
Trends in Gulfport, MS Rent as a Fraction of Income
The fraction of median Gulfport household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 24.76%. Since then it has fallen by 3.27% to 21.49%.
Fraction of Income towards Rent: Gulfport MS, Mississippi, US
Historical Data for Annual Rent as a Fraction of Income in Gulfport Mississippi
| Date | US | Mississippi | Gulfport, MS |
|---|---|---|---|
| 2019 | 20.03% | 20.36% | 21.49% |
| 2018 | 20.50% | 20.85% | 21.27% |
| 2017 | 20.13% | 20.46% | 21.61% |
| 2016 | 20.43% | 20.92% | 21.42% |
| 2015 | 20.63% | 21.40% | 22.17% |
| 2014 | 20.89% | 21.50% | 21.84% |
| 2013 | 20.78% | 22.38% | 21.70% |
| 2012 | 20.65% | 21.54% | 23.15% |
| 2011 | 20.70% | 22.39% | 24.76% |
| 2010 | 20.50% | 21.88% | 23.56% |
| 2009 | 20.12% | 21.09% | 23.62% |
| 2007 | 18.66% | 20.11% | 23.86% |
| 2005 | 18.89% | 19.60% | 19.52% |
Renter Fraction in Gulfport Mississippi
You can calculate the renter fraction in Gulfport in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Gulfport as a fraction of total Gulfport households. In 2019 34.48% of households were renters according to Census ACS data.
Gulfport Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Mississippi | 32.68% | +0.89% | -0.05% |
| Gulfport, MS | 34.48% | -3.82% | -2.12% |
Trends in the Gulfport, MS Renter Fraction
The Gulfport household renter fraction peaked in in 2012 at 38.60% and is now 4.12% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Gulfport MS, Mississippi, US
History of Gulfport Renter Fraction
| Date | US | Mississippi | Gulfport, MS |
|---|---|---|---|
| 2019 | 35.89% | 32.68% | 34.48% |
| 2018 | 36.05% | 31.79% | 38.30% |
| 2017 | 36.13% | 31.50% | 37.02% |
| 2016 | 36.88% | 32.73% | 36.60% |
| 2015 | 36.97% | 32.61% | 38.23% |
| 2014 | 36.90% | 32.33% | 37.43% |
| 2013 | 36.50% | 32.80% | 38.38% |
| 2012 | 36.09% | 31.81% | 38.60% |
| 2011 | 35.42% | 30.19% | 35.29% |
| 2010 | 34.65% | 30.24% | 31.70% |
| 2009 | 34.13% | 30.51% | 31.73% |
| 2007 | 32.80% | 28.71% | 32.21% |
| 2005 | 33.10% | 30.13% | 33.68% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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