How is Detroit performing?
92
Great
100
Investability
26
Rental Demand
36
Revenue Growth
93
Seasonality
41
Regulation
Annual Revenue
$11K
+3%
past year
Occupancy Rate
42%
+4%
past year
Average Daily Rate
$174.9
+3%
past year
Revenue per Available Rental (RevPAR)
$70.1
+6%
past year
Detroit Performance Details
Total available listings
2,699
+3%
past year
Listings by rental channel
Airbnb (74%)
Vrbo (8%)
Both (18%)
Listings by rental size
1 Bedroom (46%)
2 Bedroom (25%)
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 (26%)
181-270 nights (15%)
271-365 nights (18%)
Listings by rental type
Entire Home (81%)
Private Room (18%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (27.4%)
Moderate (44.5%)
Strict (27.3%)
Super Strict (0.8%)
Listings by Minimum Stay
1 Night (0.1%)
2 Nights (27.7%)
3 Nights (8.2%)
4-6 Nights (10.9%)
7-29 Nights (6.5%)
30+ Nights (46.7%)
What amenities do listings have?
Internet
98%
Wireless Internet
97%
Kitchen
93%
Aircon
87%
Heating
85%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
Landing, Inc. | 26 | 3.3% | 16 | 4.75 |
Evolve | 19 | 0.2% | 84 | 4.50 |
Destination Detroit Rentals | 19 | 0.2% | 1933 | 4.86 |
Monty | 16 | -0.4% | 505 | 4.74 |
MGM Properties | 14 | -0.1% | 226 | 4.67 |
Occupancy
Occupancy Rate
42%
+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
$1,104,213
+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)
$42
+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
$42
-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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