Elk Rapids, Michigan Airbnb & short-term rental market data

Name: Elk Rapids, Michigan short-term rental overview data
Creator: AirDNA
License: https://www.airdna.co/terms

Updated September 29, 2026By The AirDNA Data Team

Elk Rapids, Michigan has 550 active short-term rental listings that earn an average of $49.6K per year, with 52% average occupancy and a $391 average daily rate.

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AirDNA tracks daily performance across 10M+ Airbnb, Vrbo, and Booking.com listings in 120K+ global markets. How we collect this data →10M+ listings across Airbnb, Vrbo & Booking.com in 120K+ markets. How we collect →

Elk Rapids short-term rental market summary

The Elk Rapids, Michigan Airbnb market at a glance.

Elk Rapids's short-term rental market has 550 active listings as of August 2026. The average active listing earned $49.6K in revenue over the trailing twelve months. Listings were booked 52% of nights they were available at an average daily rate of $391. RevPAR (daily rate weighted by occupancy) was $204. From August 2025 to August 2026, revenue is up 103.2%, occupancy is up 3.0%, ADR is down 6.6%, RevPAR is down 2.7%, and active listings are up 231.3%.

AirDNA Market Score

Rental demand53
Seasonality47
Revenue growth59
Investability77
Regulation63

How Market Score is calculated

Analyst's take

Elk Rapids's AirDNA Market Score: 46 out of 100.

Elk Rapids, Michigan scores 46 out of 100 on AirDNA's Market Score, a 40-to-100 scale benchmarked against other short-term rental markets in the same country with at least 15 active listings.

The score combines 5 subscores, each computed from observed market data:

Rental demand (53): annual occupancy combined with year-over-year listing growth.
Seasonality (47): the percentage gap between the lowest and highest monthly average revenue over the past year (a smaller swing scores higher).
Revenue growth (59): the year-over-year change in RevPAR, counting only properties booked in both periods.
Investability (77): local home prices relative to what short-term rentals in the area earn.
Regulation (63): signals of short-term-rental rules inferred from host and property behavior.

The Market Score is a starting point, not an investment decision.

Market-level averages hide wide variation. Here's how to go deeper in the app:

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Key definitions

How AirDNA defines these metrics

Active listings: Active listings are the short-term rentals on Airbnb, Vrbo, and Booking.com that were available or booked in the trailing 12 months. AirDNA de-duplicates the same home across channels, and the count refreshes monthly.How AirDNA counts active listings →
Annual revenue: Annual revenue is the trailing-twelve-month earnings of a typical active listing before host expenses, including booked nightly rates plus cleaning and other guest fees.How AirDNA calculates revenue →
Occupancy: Occupancy is the share of available nights that get booked, averaged across active listings over the trailing 12 months. It measures real demand, not how many nights a host chooses to list.How AirDNA calculates occupancy →
Average daily rate (ADR): ADR is the average nightly price guests actually paid across booked nights in the trailing 12 months. Nights that didn't book are excluded.How AirDNA calculates ADR →
RevPAR: RevPAR (revenue per available rental) is occupancy multiplied by ADR. It captures both how often a listing books and what it charges, making it the truest measure of earning power per available night.What is RevPAR? →
Market Score: AirDNA's Market Score grades each market from 40 to 100 on short-term rental potential, weighing rental demand, revenue growth, seasonality, regulation, and investability. Markets are benchmarked against others in the same country.How Market Score is calculated →