Buying In Gulfport–Biloxi, MS
Sell Your Commercial Property In Gulfport–Biloxi, MS
We are an active buyer of Gulfport–Biloxi commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Gulfport–Biloxi Submarkets: Gulfport · Biloxi · D’Iberville · Ocean Springs — Harrison County, MS
Market Snapshot
Renter Demand In Gulfport–Biloxi
Gulfport and Biloxi anchor the Mississippi Gulf Coast rental market. Gulfport had 73,003 residents and Biloxi had 48,861 in ACS 2020-2024 estimates, a combined 121,864. Renters occupy 44.9% of Gulfport's occupied homes and 49.9% of Biloxi's, per Census tenure data.
Biloxi carries the denser apartment stock. Some 31.1% of Biloxi's housing units sit in buildings of five or more units, against 18.6% in Gulfport. Median gross rent is $1,086 in Gulfport and $1,089 in Biloxi, below HUD's FY2027 two-bedroom fair market rent of $1,185.
This page covers renters, rents, apartment stock, Harrison County property taxes and Mississippi landlord law for owners who want to sell commercial property in Gulfport–Biloxi, MS. Every figure is labeled by place, because the two cities differ in useful ways. Harrison County figures appear where they help compare the two cities.
If you plan to sell your apartment building in Gulfport–Biloxi, we buy 5+ unit properties in Gulfport, Biloxi, D'Iberville and Ocean Springs.
Keesler and the Seabee base
Military OneSource lists about 5,100 active duty military at Keesler Air Force Base in Biloxi and 4,000 active duty personnel at Naval Construction Battalion Center Gulfport.Port of Gulfport
The Mississippi State Port Authority runs a 300-acre deep-water port and a 116-acre inland port at Gulfport, and won an $11.25 million federal port infrastructure grant in 2026.Coastal casino gaming
Mississippi Gaming Commission reports show Coastal region casinos took in $1.46 billion in adjusted gross gaming revenue from January through November 2025, with figures subject to amendment.Our Buy Box
What We Buy In Gulfport–Biloxi
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Gulfport–Biloxi Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Gulfport and Biloxi
Renters occupy 44.9% of Gulfport's 29,287 occupied homes and 49.9% of Biloxi's 19,914, per Census ACS 2020-2024 tenure estimates. Harrison County as a whole sits lower, at 37.8% renters. Together the two cities hold 23,084 renter households, or 73.2% of the county's 31,532.
Gulfport had 73,003 residents and Biloxi had 48,861 in the ACS 2020-2024 population estimate. Median household income was $49,919 in Gulfport and $57,204 in Biloxi, per ACS table B19013. Harrison County's median household income was $59,479 over the same period.
Two federal installations add steady renter demand on both sides of the line. Keesler Air Force Base in Biloxi has about 5,100 active duty military, per its Military OneSource overview. Naval Construction Battalion Center Gulfport lists 4,000 active duty personnel, per its Military OneSource page.
Rents and affordability against HUD fair market rents
Median gross rent was $1,086 in Gulfport and $1,089 in Biloxi in ACS 2020-2024, per table B25064. Harrison County's median gross rent was $1,115, and Mississippi's was $954. Gulfport's median sits $99 below HUD's FY2027 two-bedroom fair market rent, and Biloxi's sits $96 below.
HUD publishes one schedule for the Gulfport-Biloxi, MS HUD Metro FMR Area, effective October 1, 2026. The figures below come from the HUD fair market rent program.
| Unit size | HUD FY2027 FMR (monthly) |
|---|---|
| Efficiency | $844 |
| One-bedroom | $982 |
| Two-bedroom | $1,185 |
| Three-bedroom | $1,525 |
| Four-bedroom | $1,723 |
Rent burden runs high in Gulfport. Some 50.8% of Gulfport renter households paid 30% or more of income on rent, per ACS table B25070. Biloxi's share was 44.5%, against 46.4% across Harrison County. Severe burden, at 50% or more of income, reached 28.6% in Gulfport and 20.8% in Biloxi.
Rental vacancy was 6.9% in Gulfport and 7.7% in Biloxi, per ACS profile table DP04. Harrison County's rental vacancy rate was 6.8%, and Mississippi's was 8.2%. For owners who sell commercial real estate in Gulfport–Biloxi, MS, those rates leave some room to fill units, but little to push rents well past the HUD benchmarks.
Apartment stock in Gulfport and Biloxi
Biloxi has more apartment-scale housing than Gulfport despite its smaller population. Some 7,161 of Biloxi's 23,033 housing units, or 31.1%, sit in buildings of five or more units, per ACS table B25024. Gulfport counts 6,291 such units, or 18.6% of its 33,837.
The two cities hold 13,452 of Harrison County's 16,512 units in 5+ unit buildings, or 81.5%. Biloxi has 2,413 units in buildings of 50 or more units, against 1,000 in Gulfport. That puts most large complexes in the Biloxi market, while Gulfport's apartment stock leans toward smaller buildings.
Gulfport's housing is older. Some 43.5% of Gulfport's housing units were built before 1980, against 38.8% in Biloxi, per ACS table B25034. Median year built is 1986 in Gulfport and 1990 in Biloxi, per ACS table B25035. Buyers of pre-1980 buildings usually underwrite roofs, plumbing and electrical systems before they settle on a price.
Property taxes in Harrison County, with a $2 million example
Apartment buildings in Harrison County are assessed at 15% of true value. The Mississippi Department of Revenue places all real property other than owner-occupied single-family homes in Class II at that ratio. Owner-occupied homes in Class I are assessed at 10%.
Each taxing body sets its own levy. The Mississippi Department of Revenue property tax FAQ says the county, the municipality and the school districts where a property sits each levy tax. One mill equals $1 for every $1,000 of assessed value. Current Harrison County, Biloxi and Gulfport millage rates are not listed here because no official levy schedule could be confirmed.
Here is how the math works for a $2,000,000 apartment building in Harrison County:
- True value: $2,000,000
- Assessed value at the 15% Class II ratio: $300,000
- Tax for each mill levied: $300 a year
- Tax for every 10 mills levied: $3,000 a year
The full bill equals $300 times the combined millage of every county, city and school district levy on the parcel. Anyone planning to sell commercial property in Gulfport–Biloxi, MS should hand buyers the actual tax bill, since underwriting starts there.
Assessment appeals go to the Harrison County Board of Supervisors. The Mississippi Department of Revenue says an appeal must normally be filed by the first Monday in August before taxes come due. Assessors must revalue real property at least once every four years.
Landlord rules in Mississippi
Mississippi sets no cap on security deposits. Miss. Code § 89-8-21 requires landlords to return the remaining deposit within 45 days after the tenancy ends. Deductions are limited to amounts reasonably necessary to cover the tenant's defaults.
Nonpayment notices are short. Under Miss. Code § 89-8-13, a lease terminates if rent stays unpaid three days after written notice. Other material breaches need at least 14 days' written notice, with a chance to cure within 14 days.
Month-to-month tenancies end on 30 days' written notice and week-to-week tenancies on seven, per Miss. Code § 89-8-19. Gulfport and Biloxi cannot cap rents on their own. Miss. Code § 21-17-5(2)(h) bars municipalities from regulating rent on private residential property without prior legislative approval.
What it means for an owner
Gulfport and Biloxi together hold 73.2% of Harrison County's renter households, so apartment demand here is concentrated. That demand rests on Keesler, the Seabee base, the Port of Gulfport and its 300-acre deep-water port and coastal casinos. The Mississippi Gaming Commission reported $1.46 billion in Coastal region casino revenue from January through November 2025.
When you sell commercial real estate in Gulfport–Biloxi, MS, pricing pressure comes from the cost side. Median rents in both cities sit below HUD's FY2027 two-bedroom benchmark, and 50.8% of Gulfport renters are cost-burdened. That limits rent growth, while older stock and a rising Biloxi tax levy weigh on net income.
If you plan to sell commercial property in Gulfport–Biloxi, MS, start with your own numbers. Run your rent roll through our cap rate calculator, then compare your expenses with our review of Gulfport–Biloxi apartment operating costs.
When you are ready to sell your apartment building in Gulfport–Biloxi, Skyline Capital Investments buys 5+ unit buildings across both cities. You can see how our purchase process works and request an offer.
Before You Sell
Pricing Your Building In Gulfport–Biloxi
More about selling in Mississippi →Investing in Gulfport–Biloxi? See apartment syndications in Gulfport–Biloxi →
- Harrison County, Biloxi and Gulfport each set their own millage, so buyers will underwrite taxes from the actual bill at $300 per mill on a $2 million building.
- Gulfport and Biloxi hold 81.5% of Harrison County's units in 5+ unit buildings, so most of the county's apartment trades happen inside the two cities.
- Mississippi Code § 21-17-5 bars municipalities from regulating private residential rents without legislative approval, so Gulfport and Biloxi leases follow state law.
- Owners who sell multifamily property in Gulfport–Biloxi should expect buyers to underwrite Class II assessment at 15% of true value.
Seller Guides
Selling In Gulfport–Biloxi? Common Situations We Handle
Learn More
Taxes & Rules For Gulfport–Biloxi Property
The Mississippi rules that shape any deal in Gulfport–Biloxi: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Gulfport–Biloxi Seller FAQ
What is the average rent in Gulfport and Biloxi?
Census ACS 2020-2024 estimates put median gross rent at $1,086 in Gulfport and $1,089 in Biloxi, including utilities. Harrison County's median was $1,115. HUD's FY2027 fair market rents for the Gulfport-Biloxi metro area are $982 for a one-bedroom and $1,185 for a two-bedroom, so both city medians fall between those two levels.
How much are property taxes on an apartment building in Biloxi?
Apartments are Class II property, assessed at 15% of true value under Mississippi Department of Revenue rules. A $2,000,000 building has an assessed value of $300,000. One mill equals $1 per $1,000 of assessed value, so each mill levied adds $300 a year. Harrison County, the city and the school district each set a levy, and the bill reflects their combined millage, so check the actual tax bill before pricing.
Will rent control affect me if I sell commercial real estate in Gulfport–Biloxi, MS?
No. Neither city can cap rents on its own. Mississippi Code § 21-17-5(2)(h) bars municipal governing authorities from regulating, directly or indirectly, the amount of rent charged for private residential property without prior legislative approval. Rent increases in Gulfport and Biloxi are set by the lease, and periodic tenancies follow the state notice rules for ending or changing terms.
How much notice do I give a Gulfport tenant who has not paid rent?
Mississippi Code § 89-8-13 lets a landlord give written notice that the lease will end if rent is not paid within three days. Notice can go by email or text only if the tenant agreed to that in writing. Other material lease breaches need at least 14 days' written notice and a chance to cure. Month-to-month tenancies end on 30 days' notice.
What should I know before I sell commercial property in Gulfport–Biloxi, MS?
Buyers will look at rent against HUD's FY2027 two-bedroom fair market rent of $1,185, the age of the building, and the tax bill. Some 43.5% of Gulfport housing units predate 1980, so capital needs matter. When selling commercial property in Gulfport–Biloxi, bring a current rent roll, twelve months of expenses and the latest Harrison County tax bill.
Do I need to fix up my Gulfport–Biloxi building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
Can I sell my Gulfport–Biloxi apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Who buys occupied rental property in Gulfport–Biloxi?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
Do I need a broker to sell my apartment building in Gulfport–Biloxi?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Get An Offer Review In Gulfport–Biloxi
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
