How is Detroit Lakes performing?
53
Okay
90
Investability
57
Rental Demand
69
Revenue Growth
46
Seasonality
55
Regulation
Annual Revenue
$22.9K
+3%
past year
Occupancy Rate
48%
+4%
past year
Average Daily Rate
$386.3
+3%
past year
Revenue per Available Rental (RevPAR)
$175.5
+6%
past year
Detroit Lakes Performance Details
Total available listings
119
+3%
past year
Listings by rental channel
Airbnb (32%)
Vrbo (9%)
Both (59%)
Listings by rental size
1 Bedroom (10%)
2 Bedroom (26%)
3 Bedroom (30%)
4 Bedroom (18%)
5+ Bedroom (15%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (38%)
91-180 nights (37%)
181-270 nights (13%)
271-365 nights (13%)
Listings by rental type
Entire Home (97%)
Private Room (3%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (41.3%)
Moderate (29.3%)
Strict (21.3%)
Super Strict (8.0%)
Listings by Minimum Stay
1 Night (0.0%)
2 Nights (34.5%)
3 Nights (27.7%)
4-6 Nights (17.6%)
7-29 Nights (4.2%)
30+ Nights (16.0%)
What amenities do listings have?
Aircon
98%
Kitchen
97%
Wireless Internet
97%
Internet
97%
Parking
97%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
Sota Lake Home Rentals | 13 | 0.0% | 147 | 4.85 |
Evolve | 7 | 0.2% | 129 | 4.81 |
Everyday Luxury | 1 | 0.0% | 44 | 4.95 |
Occupancy
Occupancy Rate
48%
+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
$2,286,033
+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)
$48
+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
$48
-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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