Carrabelle, FL

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Carrabelle short-term rental market based on reliable data.

Listings

342 / 640

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$27,908

Middle-Earners Revenue

Occupancy

49%

Middle-Earners Occupancy

Home Value

$301,208

Median Home Sale Price

Top Earners

$64,500

Top-Earners Revenue

Carrabelle

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Carrabelle.

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B

Generally Investor friendly

Carrabelle Regulations

STRs are explicitly allowed under Franklin County zoning and Florida state law, but investors must meet state licensing, local tax registration, zoning verification, and safety/health standards; residential districts often need special approval and there are some land-use constraints (parking on permeable surfaces, height/impervious limits), which together create moderate permitting and operational requirements rather than a prohibitive burden.

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About Carrabelle

Carrabelle is a small coastal city in Franklin County, on Florida's Gulf Coast in the panhandle. With a population of roughly 2,700 residents, it has the laid-back, salt-weathered feel that defines the so-called Forgotten Coast, a stretch of the Gulf that has remained quieter than the busier beaches to the east and west. Carrabelle is best known as a gateway to St. George Island and the surrounding Apalachicola Bay region, and as a working waterfront with a long tradition of oystering, shrimping, and charter fishing. It sits about 55 miles southwest of Tallahassee, the state capital and nearest major city, a drive of roughly an hour along U.S. Highway 98.

One of the city's most photographed curiosities is the so-called World's Smallest Police Station, a one-person phone booth-style outpost from the 1960s that still stands in the downtown area and has become a beloved roadside photo stop. Just across the highway, the Carrabelle Beach and the adjoining public beach park offer calm Gulf waters, a long stretch of sugar-white sand, and views out toward Dog Island, the closest offshore barrier island. From the Carrabelle beach area, small-boat ferries run to Dog Island, an unincorporated, low-key strip known for shelling, surf fishing, and an absence of high-rise development.

To the west, a short drive over the Bryant Patton Bridge brings visitors to St. George Island, a 22-mile barrier island that is home to St. George Island State Park and the historic fishing community of Apalachicola just inland. To the east, Tate's Hell State Forest covers more than 200,000 acres of pine flatwoods, swamps, and blackwater creeks, offering paddling trails, wildlife viewing, and a sense of the wilder side of the Big Bend. Closer in, the Carrabelle History Museum and the small downtown along the City Marina give visitors a sense of the town's timber, naval, and fishing past.

For short-term rental owners, Carrabelle appeals to travelers who want a quieter, more nature-oriented alternative to the Panhandle's high-rise beach towns. Its combination of an authentic small-town waterfront, easy access to St. George Island and Tate's Hell, and proximity to Tallahassee and Apalachicola gives it year-round appeal, with summer beach traffic, spring and fall fishing visitors, and winter travelers drawn to the mild Gulf climate. The result is a market where rentals that lean into the area's outdoor and small-town character tend to stand out.

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