Is it profitable to do Airbnb in Traverse City, The United States?
What is the occupancy rate of Airbnb in Traverse City, The United States?
What is the average daily rate of Airbnb in Traverse City, The United States?
The United States / Traverse City
Traverse City, Airbnb Market Statistics & Data, The United States
A typical short-term rental listing in Traverse City is booked for 208 nights a year, with a median occupancy rate of 57% and an average daily rate of $220. In 2023, a typical host income (annual revenue) was $50K. As of 12th September, 2024, there are 710 active Airbnb listings.
Average Revenue: $50K/yr
Occupancy Rate
57%
Avg Daily Rate
$220
Upscale
No. of Listings
886
Small
YoY Revenue Change
11.7%
Best Month
August
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$2,109
Average
$3,622
High
$6,203
Is Airbnb Profitable in Traverse City?
Yes, there is good short-term rental demand. A 57% 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 Traverse City
Short-term rental regulation is lenient in Traverse City. 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 Traverse City
A typical listing recorded a 57% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 1.41% 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: 57%
710 Active Listings
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Explore Traverse City's Airbnb Data ⟶
Best Areas in Traverse City for Airbnb
Are you wondering where to invest in Traverse City? Look no further!
- Grand Traverse Bay
- Front Street
- Traverse City State Park
- Clinch Park Beach
- Old Mission Peninsula
- The Village at Grand Traverse Commons
- Mission Point Lighthouse
- Dennos Museum Center
- Brys Estate Vineyard & Winery
- City Opera House
Top demand Airbnb in Traverse City
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 710 listings.
See 710 listing Statistics
Professional Short-term rental property managers in Traverse City
We've compiled a list of host profiles that manage the most Airbnb properties in Traverse City. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Traverse City
Here is a breakdown of short-let properties in Traverse City. 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