How is Detroit performing?
96
Great
100
Investability
62
Rental Demand
82
Revenue Growth
91
Seasonality
58
Regulation
Annual Revenue
$15.2K
+3%
past year
Occupancy Rate
46%
+4%
past year
Average Daily Rate
$170.4
+3%
past year
Revenue per Available Rental (RevPAR)
$72.2
+6%
past year
Detroit Performance Details
Total available listings
2,383
+3%
past year
Listings by rental channel
Airbnb (67%)
Vrbo (6%)
Both (27%)
Listings by rental size
1 Bedroom (48%)
2 Bedroom (22%)
3 Bedroom (18%)
4 Bedroom (7%)
5+ Bedroom (5%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (12%)
91-180 nights (14%)
181-270 nights (15%)
271-365 nights (59%)
Listings by rental type
Entire Home (80%)
Private Room (19%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (39.8%)
Moderate (34.4%)
Strict (23.6%)
Super Strict (2.3%)
Listings by Minimum Stay
1 Night (0.3%)
2 Nights (28.6%)
3 Nights (10.3%)
4-6 Nights (7.0%)
7-29 Nights (5.7%)
30+ Nights (48.1%)
What amenities do listings have?
Internet
98%
Wireless Internet
97%
Kitchen
94%
Aircon
87%
Heating
86%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
Evolve | 24 | 0.4% | 93 | 4.27 |
Destination Detroit Rentals | 20 | 0.1% | 2353 | 4.83 |
Monty | 20 | 0.1% | 481 | 4.50 |
Detroit Adventures | 16 | 0.3% | 875 | 4.63 |
Detroit Furnished Rentals | 12 | 11.0% | 10 | 4.90 |
Excellent
4.8(687 reviews)
“Gave me the visibility to make researched decisions on properties. The amount of data I was able to retrieve allowed me to make more educational decisions. Would recommend to anyone looking into STR.”
Detroit Occupancy Data
Occupancy Rate
46%
+5%
past year
Booking lead time
Register to see moreLength of stay
Register to see moreWhat percentage of the month was occupied?
Average monthly occupancy over the last 5 years
+3%
past year
2023
2022
2021
2020
2019
2018
Detroit STR Revenue Data
Average revenue
$1,520,260
+5%
past year
Entire place
Register to see moreHouse
Register to see moreApartment
Register to see moreHow much revenue did listings earn per month?
Average revenue over the last 5 years
+3%
past year
2023
2022
2021
2020
2019
2018
Rates
Revenue per available rental (RevPAR)
$46
+5%
past year
Revenue per available rental
Register to see moreRevenue per available rental (RevPAR) over the last 5 years
Register to see moreWhat was the average daily rate?
Average daily rate over the last 5 years
-3%
past year
2023
2022
2021
2020
2019
2018
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