How is Elk Rapids performing?
49
Okay
84
Investability
43
Rental Demand
51
Revenue Growth
6
Seasonality
38
Regulation
Annual Revenue
$27.6K
+3%
past year
Occupancy Rate
50%
+4%
past year
Average Daily Rate
$418.5
+3%
past year
Revenue per Available Rental (RevPAR)
$208.1
+6%
past year
Elk Rapids Performance Details
Total available listings
162
+3%
past year
Listings by rental channel
Airbnb (35%)
Vrbo (28%)
Both (36%)
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 (40%)
91-180 nights (33%)
181-270 nights (18%)
271-365 nights (9%)
Listings by rental type
Entire Home (98%)
Private Room (2%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (4.3%)
Moderate (60.9%)
Strict (24.2%)
Super Strict (10.6%)
Listings by Minimum Stay
1 Night (0.6%)
2 Nights (47.5%)
3 Nights (14.8%)
4-6 Nights (7.4%)
7-29 Nights (14.2%)
30+ Nights (15.4%)
What amenities do listings have?
Parking
96%
Internet
91%
Heating
91%
Tv
89%
Wireless Internet
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 |
Golden Swan Management | 1 | 0.0% | 37 | 4.90 |
Vacasa | 1 | -0.5% | 16 | 4.95 |
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
$2,760,828
+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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