Is it profitable to do Airbnb in Grand Rapids, The United States?
What is the occupancy rate of Airbnb in Grand Rapids, The United States?
What is the average daily rate of Airbnb in Grand Rapids, The United States?
The United States / Grand Rapids
Grand Rapids, Airbnb Market Statistics & Data, The United States
A typical short-term rental listing in Grand Rapids is booked for 237 nights a year, with a median occupancy rate of 65% and an average daily rate of $136. In 2023, a typical host income (annual revenue) was $31K. As of 12th September, 2024, there are 417 active Airbnb listings.
Average Revenue: $31K/yr
Occupancy Rate
65%
Avg Daily Rate
$136
Mid Scale
No. of Listings
559
Small
YoY Revenue Change
8.56%
Best Month
June
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,718
Average
$2,598
High
$3,298
Is Airbnb Profitable in Grand Rapids?
Yes, there is good short-term rental demand. A 65% 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 Grand Rapids
Short-term rental regulation is lenient in Grand Rapids. 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.
We made a guide on things you need to know before starting an Airbnb in The United States, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Grand Rapids
A typical listing recorded a 65% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 3.94% 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.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 65%
417 Active Listings
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Explore Grand Rapids's Airbnb Data ⟶
Best Areas in Grand Rapids for Airbnb
Are you wondering where to invest in Grand Rapids? Look no further!
- Downtown Grand Rapids
- Frederik Meijer Gardens & Sculpture Park
- Grand Rapids Art Museum
- Eastown
- Heritage Hill Historic District
- John Ball Zoo
- Gerald R. Ford Presidential Museum
- Millennium Park
- The B.O.B. (Big Old Building)
- Founders Brewing Co.
Top demand Airbnb in Grand Rapids
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 417 listings.
See 417 listing Statistics
Professional Short-term rental property managers in Grand Rapids
We've compiled a list of host profiles that manage the most Airbnb properties in Grand Rapids. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Grand Rapids
Here is a breakdown of short-let properties in Grand Rapids. 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.
Property Size
Amenities
Property Type
Cancelation Policy Type
By Channel Type