Is it profitable to do Airbnb in Detroit, United States?

What is the occupancy rate of Airbnb in Detroit, United States?

What is the average daily rate of Airbnb in Detroit, United States?

Detroit, Airbnb Market Statistics & Data, United States

A typical short-term rental listing in Detroit is booked for 190 nights a year, with a median occupancy rate of 52% and an average daily rate of $119. In 2023, a typical host income (annual revenue) was $21K. As of 12th September, 2024, there are 1,616 active Airbnb listings.

Average Revenue: $21K/yr
Occupancy Rate
52%
Avg Daily Rate
$119
Mid Scale
No. of Listings
2,219
Medium
YoY Revenue Change
9.86%
Best Month
July
Regulation
Lenient
Learn More >
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,308
Average
$1,765
High
$2,213



Is Airbnb Profitable in Detroit?

Yes, there is good short-term rental demand. A 52% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Tip! 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 rental investment typically is double the amount of traditional rentals.

Starting an Airbnb in Detroit

Short-term rental regulation is lenient in Detroit. Very few Airbnb listing currently have put their license number on their Airbnb listing. This likely means the local government is not strictly enforcing the short-term rental-related regulations.
Average Airbnb Occupancy Rate in Detroit
A typical listing recorded a 52% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 10.43% of the guests are international guests, and visitors from United states is the largest group. Learn more about guest origin!.

You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 52%
1,616 Active Listings
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Explore Detroit's Airbnb Data
market map image
Best Areas in Detroit for Airbnb
Are you wondering where to invest in Detroit? Look no further!
  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
Top demand Airbnb in Detroit
Airbtics has been tracking all Airbnb listings since 2019. This allows us to understand interesting metrics, like which properties earn the most in the market. Here are our top picks. Go to the app to find detailed information about 1,616 listings.
listing_image
Entire home & 4 Bed
⭐5.0 (28)
4bd/2ba Family Oasis by Corktown
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$157
Daily Rate
View Listing
listing_image
Entire home & 1 Bed
⭐5.0 (374)
Sky Carriage House: Light, Bright, Corktown Escape
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$148
Daily Rate
View Listing
listing_image
Entire home & 3 Bed
⭐5.0 (3)
Apt @ Hostel Detroit Near Downtown *Sleep 16*
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$554
Daily Rate
View Listing
listing_image
Entire home & 1 Bed
⭐5.0 (131)
Historic+Eclectic House Ultreya - Corktown 1 bdrm
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$98
Daily Rate
View Listing
listing_image
Entire home & 3 Bed
⭐5.0 (400)
Charming Historic Corktown Home
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$193
Daily Rate
View Listing
listing_image
Entire home & 4 Bed
⭐5.0 (53)
Regal Red Oasis - 1 mile from downtown Detroit
$12,345
Revenue Potential
234
Days Available
$121,345
Revenue
74%
Occupancy Rate
$300
Daily Rate
View Listing
See 1,616 listing Statistics
Professional Short-term rental property managers in Detroit
We've compiled a list of host profiles that manage the most Airbnb properties in Detroit. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
NameListingsRatingRevenue
Hssh1174.8$1,23,234
The Inn On Ferry103.0$1,23,234
Monty284.8$1,23,234
Great164.9$1,23,234
Evolve114.0$1,23,234
Other short-term rental market data in Detroit
Here is a breakdown of short-let properties in Detroit. You might wonder about more specific data before buying an Airbnb property. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
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