Detroit, Michigan
Airbnb Market Data & Overview
USA

Is it profitable to do Airbnb in Detroit, Michigan, USA?

What is the occupancy rate of Airbnb in Detroit, Michigan, USA?

What is the average daily rate of Airbnb in Detroit, Michigan, USA?

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Detroit, Michigan, USA Airbnb Data

Last updated on: 15th May, 2024

USA / Michigan / Detroit, Michigan
Investing in a short-term rental can be highly stable and profitable. It's stable because housing has been one of the most stable asset classes. Also, when you can't do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rentals typically is double the amount of traditional rentals.
The true profit from home investing comes from capital appreciation and cash flow from your rental. Between 1850 and 2015, globally, the average home value appreciated at 5.5% annually. If your short-term rental yields 3% of your total initial investment, your investment's annual return is 8.5% before taxes are considered.
Without further ado, let's see if Detroit, Michigan is good for Airbnb.
Occupancy Rate

53%

$115

Daily Rate

$21K+

Revenue (2023)

32.3%

Net Yield

1,585

Number of Listings
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Is Airbnb Profitable in Detroit, Michigan ?

Yes, it's profitable to Airbnb because the average net rental yield for a one-bedroom property is 32.3%.
The national median net short-term rental yield is 5.4% in the USA. For more context, a traditional rental can typically yield 2-4% if you don't have to pay a mortgage interest. A typical 1 bedroom listing in Detroit, Michigan is booked for 201 nights a year, with a median occupancy rate of 55% and an average daily rate of $107. In Detroit, Michigan, A typical host income (annual revenue) was $22,589 in 2023.

Best Areas in Detroit for Airbnb

Are you wondering where to invest in Detroit? Look no further! Here are 10 areas travelers often search for. You can find the short-term rental statistics of all of these neighborhoods from Airbtics! Check out which neighborhood has the highest rental demand. 🚀
  1. Downtown Detroit
  2. Greektown Historic District
  3. Corktown
  4. Midtown Detroit
  5. Eastern Market
  6. Belle Isle Park
  7. The Henry Ford Museum
  8. Detroit Institute of Arts
  9. Motown Museum
  10. Detroit Riverwalk
Okay, you might wonder about more specific data. For example, how much can an average listing with 2 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month?
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Explore Detroit, Michigan's Airbnb Data
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