How is Detroit performing?
93
Great
100
Investability
24
Rental Demand
50
Revenue Growth
87
Seasonality
38
Regulation
Annual Revenue
$10.6K
+3%
past year
Occupancy Rate
43%
+4%
past year
Average Daily Rate
$170.3
+3%
past year
Revenue per Available Rental (RevPAR)
$68.9
+6%
past year
Detroit Performance Details
Total available listings
2,654
+3%
past year
Listings by rental channel
Airbnb (74%)
Vrbo (7%)
Both (19%)
Listings by rental size
1 Bedroom (47%)
2 Bedroom (26%)
3 Bedroom (16%)
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 (42%)
91-180 nights (24%)
181-270 nights (15%)
271-365 nights (19%)
Listings by rental type
Entire Home (82%)
Private Room (17%)
Shared Room (1%)
Listings by Cancellation Policy
Flexible (28.1%)
Moderate (42.4%)
Strict (28.8%)
Super Strict (0.7%)
Listings by Minimum Stay
1 Night (0.0%)
2 Nights (26.4%)
3 Nights (9.0%)
4-6 Nights (10.5%)
7-29 Nights (6.0%)
30+ Nights (48.0%)
What amenities do listings have?
Internet
98%
Wireless Internet
97%
Kitchen
94%
Aircon
86%
Heating
84%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
MGM Properties | 17 | 4.7% | 198 | 4.61 |
Destination Detroit Rentals | 17 | 0.1% | 1727 | 4.87 |
Evolve | 16 | 0.2% | 70 | 4.45 |
Detroit Adventures | 13 | 0.3% | 1006 | 4.60 |
Vacation Rentals by ENVITAE | 8 | 3.0% | 109 | 4.83 |
Occupancy
Occupancy Rate
43%
+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
$1,061,529
+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)
$43
+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
$43
-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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