How is Detroit performing?
97
Great
100
Investability
57
Rental Demand
75
Revenue Growth
89
Seasonality
65
Regulation
Annual Revenue
$12.4K
+3%
past year
Occupancy Rate
44%
+4%
past year
Average Daily Rate
$170.9
+3%
past year
Revenue per Available Rental (RevPAR)
$71.9
+6%
past year
Detroit Performance Details
Total available listings
2,606
+3%
past year
Listings by rental channel
Airbnb (73%)
Vrbo (9%)
Both (18%)
Listings by rental size
1 Bedroom (46%)
2 Bedroom (24%)
3 Bedroom (18%)
4 Bedroom (6%)
5+ Bedroom (5%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (40%)
91-180 nights (24%)
181-270 nights (16%)
271-365 nights (20%)
Listings by rental type
Entire Home (81%)
Private Room (19%)
Shared Room (1%)
Listings by Cancellation Policy
Flexible (29.3%)
Moderate (36.3%)
Strict (33.6%)
Super Strict (0.8%)
Listings by Minimum Stay
1 Night (1.2%)
2 Nights (28.5%)
3 Nights (9.7%)
4-6 Nights (7.8%)
7-29 Nights (5.6%)
30+ Nights (47.2%)
What amenities do listings have?
Internet
98%
Wireless Internet
98%
Kitchen
94%
Aircon
88%
Heating
86%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
Destination Detroit Rentals | 20 | 0.3% | 2110 | 4.85 |
Evolve | 15 | 0.1% | 81 | 4.47 |
Detroit Adventures | 14 | 0.3% | 841 | 4.61 |
Monty | 13 | -0.5% | 490 | 4.66 |
MGM Properties | 13 | -0.3% | 196 | 4.71 |
Occupancy
Occupancy Rate
44%
+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
Revenue
Average revenue
$1,243,458
+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)
$44
+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
Revenue per available rental (RevPAR)
Revenue per available rental
$44
-7%
past year
Weekend revenue per available rental (RevPAR)
Register to see moreBest Month
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
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