Detroit Michigan Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Detroit, Updated May 2023
Rent Your Vacation Home or Condo in Detroit, Michigan
Detroit is a city that has seen massive growth in recent years. It is now one of the top destinations in the United States, and this has led to an increase in tourism. As a result, there are more vacation rentals available in Detroit than ever before. This means that you have plenty of options when it comes to finding a short-term rental property in Detroit. There are plenty of properties from which you can choose, and you can choose from a variety of different types of properties. There are houses, condos, and apartments for rent, so you can find something that fits your needs perfectly. You can also find properties that have experienced the most growth recently, so you know that they will be well-maintained and ready for your guests.
When partnering with RedAwning for your property management needs, we can make sure your Detroit rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Detroit
During the month of February, Detroit is projected to generate over $154/night for a 2 bedroom vacation rental, on average! There were 1,374 vacation active rental properties in Detroit. 1,094 are renting the entire place, and 280 are shared rooms. On average, during the month of February 2023, each vacation rental property in Detroit is booked 39% of the time, and most hosts are projected to generate $1,524 or more during the month of February! See how much you could earn with our free vacation rental income calculator.
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$154.00 Per Night*
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39% Occupied*
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$1,524.00 Per Month*
* Based on the median average of all vacation rentals in the Detroit area.
Get a free estimate for your home or condo.
Get a free estimate for your home or condo.
Featured Detroit Vacation Rental Generating Record Profits With RedAwning
Island View Gem is the perfect place to discover all that Detroit has to offer. PET FRIENDLY! Starting at $144 to $1,029 per night!
Tasteful renovated and only minutes from TCF Center/Hart place, Belle isle, Fox Theatre, Detroit institute of Arts, Wayne state, Ford field, Little Caesars Arena and lots more - this home is the perfect base for all your days exploring Detroit downtown and beyond.
No matter if you are bringing the family or having a friends getaway this 5 bed 2 and a half bath home, had all you could need. With 2 King size beds, 2 queens, plus 2 xl twin beds there is room for... Read More
This Detroit vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Detroit.
Successful short-term vacation rentals in Detroit, Michigan
Detroit has plenty of unique offerings for visitors. The city has a thriving music scene, and there are also plenty of art galleries to visit. There are also several sports teams in town, and the Detroit Tigers play at Comerica Park. Major corporations such as General Motors, Ford, and Chrysler are based in the city. There are also many historic buildings in the city that can be rented out as vacation rentals. Many of the more famous buildings include the Detroit Institute of Arts, the Packard Plant, and Cobo Hall. Many people enjoy staying in a vacation rental while they visit Detroit. It is a great way to see an old city without having to pay for expensive accommodation options like hotels or hostels.
If you're considering renting out your Detroit home as a short-term rental, there are a few things that you should keep in mind. First of all, make sure that your lease is up to date. It's also a good idea to do some research on the area before you rent out your property. You'll want to know the area's top attractions and its average temperature. One of the best ways to make your Detroit home stand out from others is with a beautiful exterior. This includes things like landscaping and lighting. When it comes to lighting, make sure to install reflectors or something similar so that people can see your house at night.
RedAwning takes the guess-work out of Detroit property management, and we work with you to ensure your Detroit short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Detroit vacation rental could earn:
Revenue Projections for Vacation Rentals in Detroit, Michigan during March, 2023
Based on a 2 bedroom, which is the most common Detroit vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in March. Higher bars below can command higher prices, if your Detroit vacation rental is available during these days.
$14273%1st
$15274%2nd
$18475%3rd
$18675%4th
$15673%5th
$14773%6th
$14673%7th
$14973%8th
$15573%9th
$19174%10th
$20175%11th
$16174%12th
$15073%13th
$14973%14th
$15373%15th
$16874%16th
$22876%17th
$23476%18th
$16873%19th
$15673%20th
$15273%21st
$15673%22nd
$16873%23rd
$20273%24th
$21374%25th
$16773%26th
$15673%27th
$15774%28th
$17775%29th
$17174%30th
$21173%31st
Average Daily Price & Percent Occupied Next Month In Detroit
Note: These averages are based on a 2 bedroom home in Detroit. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.
Interested in learning how you can maximize your vacation rental revenue in Detroit, Michigan?
If you are a speculative home buyer or have another home in Michigan, check out our other Michigan Vacation Rental Management reports in Ann Arbor, Bay City, Frankenmuth, Grand Haven, Grand Rapids, Holland, Kalamazoo, Lansing, Sault Ste. Marie, Traverse City, Addison, Saugatuck, Frankfort, Douglas, South Haven, St. Joseph, Carp Lake, Copper Harbor, Onaway, Thompsonville, West Bloomfield Township, Birmingham, East Tawas, Farwell, Southfield, Pontiac, and Fennville, Michigan or view all of our vacation rental market reports
