How is Detroit performing?
91
Great
100
Investability
26
Rental Demand
42
Revenue Growth
89
Seasonality
32
Regulation
Annual Revenue
$10.4K
+3%
past year
Occupancy Rate
42%
+4%
past year
Average Daily Rate
$165.6
+3%
past year
Revenue per Available Rental (RevPAR)
$68.4
+6%
past year
Detroit Performance Details
Total available listings
2,752
+3%
past year
Listings by rental channel
Airbnb (75%)
Vrbo (8%)
Both (18%)
Listings by rental size
1 Bedroom (47%)
2 Bedroom (26%)
3 Bedroom (17%)
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 (44%)
91-180 nights (22%)
181-270 nights (15%)
271-365 nights (18%)
Listings by rental type
Entire Home (82%)
Private Room (18%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (27.5%)
Moderate (43.5%)
Strict (28.2%)
Super Strict (0.8%)
Listings by Minimum Stay
1 Night (0.0%)
2 Nights (26.6%)
3 Nights (8.2%)
4-6 Nights (10.9%)
7-29 Nights (6.4%)
30+ Nights (47.9%)
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 |
|---|---|---|---|---|
Landing, Inc. | 28 | 3.7% | 4 | 4.75 |
Monty | 19 | -0.1% | 556 | 4.72 |
Destination Detroit Rentals | 18 | 0.2% | 1800 | 4.86 |
Evolve | 17 | 0.4% | 70 | 4.55 |
MGM Properties | 17 | 2.4% | 239 | 4.61 |
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
$1,042,885
+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
Smart Investments Happen Here
AirDNA’s powerful yet easy-to-use tools make hosting and investing a breeze.
This means having every insight you need, all in one place, always up-to-date.
Start exploring for free