How is Elk Rapids performing?
59
Okay
86
Investability
38
Rental Demand
54
Revenue Growth
6
Seasonality
50
Regulation
Annual Revenue
$28.6K
+3%
past year
Occupancy Rate
50%
+4%
past year
Average Daily Rate
$426.1
+3%
past year
Revenue per Available Rental (RevPAR)
$209.3
+6%
past year
Elk Rapids Performance Details
Total available listings
156
+3%
past year
Listings by rental channel
Airbnb (33%)
Vrbo (29%)
Both (38%)
Listings by rental size
1 Bedroom (20%)
2 Bedroom (28%)
3 Bedroom (29%)
4 Bedroom (15%)
5+ Bedroom (8%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (36%)
91-180 nights (35%)
181-270 nights (21%)
271-365 nights (8%)
Listings by rental type
Entire Home (99%)
Private Room (1%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (3.9%)
Moderate (63.2%)
Strict (22.6%)
Super Strict (10.3%)
Listings by Minimum Stay
1 Night (0.6%)
2 Nights (43.6%)
3 Nights (17.3%)
4-6 Nights (7.7%)
7-29 Nights (14.7%)
30+ Nights (16.0%)
What amenities do listings have?
Parking
96%
Heating
93%
Internet
91%
Wireless Internet
88%
Tv
88%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
White Birch Lodge | 9 | -0.5% | 39 | 4.85 |
Evolve | 3 | 0.0% | 65 | 4.51 |
Northland Vacation Rentals | 2 | 0.0% | 3 | 5.00 |
Agape Vacation Rentals | 1 | -0.7% | 7 | 4.85 |
True North Property Management | 1 | -0.5% | 11 | 4.45 |
Occupancy
Occupancy Rate
50%
+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
$2,862,557
+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)
$50
+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
$50
-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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