Best Airbnb Cities in Michigan: You can search for the best places to Airbnb first before buying a rental property in Detroit, Michigan. Read this article for the leads!
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You can search for the best places to Airbnb first before buying a rental property in Detroit, Michigan. Read this article for the leads!
- Last updated on
- August 17, 2023
Key Takeaways
- Michigan is fueled by a stable economy that continues to grow in the coming years, making it a viable market for any business including short-term rentals.
- Investors can make a calculated risk by studying the figures first before buying a rental property in the best Airbnb cities in Michigan.
Introduction:
There is simply more to Michigan other than being home to Motor City. Granted, it’s hard to miss its automotive heritage that has driven the progress of America and the rest of the world.
But as a real estate investor, you might be asking yourself, “Does investing in Michigan drive me closer to financial independence?” Then, let this article guide you to the best Airbnb cities in Michigan with easy-to-use data analytics!
Why investing in Detroit real estate is a great idea
Michigan real estate investment opportunities become an enticing idea because of the following reasons:
MULTI-SECTORED ECONOMY
Michigan’s automotive industry is a global juggernaut, being home to companies such as Ford, General Motors, and Chrysler. The state also boasts a robust, multi-sectored economy that goes beyond its world-renowned automotive industry. Its strengths also lie in the manufacturing, technology, agriculture, and human capital sectors.
RESILIENT ECONOMY
Michigan has benefited from a long history of economic resilience. Because of the previous point, Michigan’s economy has managed to adapt its industries to changing global conditions. In fact, the state is poised to grow its employment sector due to its adaptability despite an economic slowdown in the rest of the US.
Best Airbnb Cities in Michigan
Finding the best Airbnb locations in Michigan has never been this easy! Simply type in “Michigan” or any other US location in Airbtics Discovery Tool. This will give you a general overview of your future Airbnb market.
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| Location | Number of Airbnb Listings | Best Number of Bedrooms | Median Property Price | Airbnb Annual Revenue | GRY |
| Ann Arbor | 286 | 5 Bedrooms | $1,299,900 | $393,919 | 30.30% |
| Traverse City | 149 | 1 Bedroom | $300,000 | $43,893 | 14.63% |
| Grand Rapids | 179 | 3 Bedrooms | $335,000 | $35,714 | 10.66% |
| Detroit | 801 | 4 Bedrooms | $100,000 | $26,273 | 26.27% |
| Lansing | 71 | 1 Bedroom | $49,950 | $16,781 | 33.60% |
Airbnb Location
Airbnb Dataset
- Total Number of Airbnb Listings: 286
- Best Number of Bedrooms: 5 bedrooms
- Median Property Price: $1,299,900
- Airbnb Annual revenue: $393,919
- Gross Rental Yield: 30.30%
- Total Number of Airbnb Listings: 149
- Best Number of Bedrooms: 1 bedroom
- Median Property Price: $300,000
- Airbnb Annual revenue: $43,893
- Gross Rental Yield: 14.63%
- Total Number of Airbnb Listings: 179
- Best Number of Bedrooms: 3 bedrooms
- Median Property Price: $335,000
- Airbnb Annual revenue: $35,714
- Gross Rental Yield: 10.66%
- Total Number of Airbnb Listings: 801
- Best Number of Bedrooms: 4 bedrooms
- Median Property Price: $100,000
- Airbnb Annual revenue: $26,273
- Gross Rental Yield: 26.27%
- Total Number of Airbnb Listings: 71
- Best Number of Bedrooms: 1 bedroom
- Median Property Price: $49,950
- Airbnb Annual revenue: $16,781
- Gross Rental Yield: 33.60%
Source: Airbtics Dashboard
While you can already see the aggregate data of an Airbnb city, the figures will also update when you use the advanced filters! The lead will not only be about location. You will know that you can maximize your revenue if you get the right property type and the best number of bedrooms in each of your target cities!
Airbnb Analytics for the Best Airbnb Cities in Michigan
Airbtics Dashboard has presented us with useful and accurate data to lead Michigan real estate investors on their next real estate investment journey. We discovered the profitability of the best Airbnb cities in Michigan with insights into the best property size and gross rental yield. All of these figures and more are accessible with just a click!
Have you always wanted to align your real estate investment decisions with solid Airbnb data, but don’t know where to start?
Then meet our Airbnb Income Calculator, used by beginners and pros in the short-term rental industry!
Short-Term Rental Data
Short-Term Rental Data
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