How is Detroit Lakes performing?
38
Bad
76
Investability
51
Rental Demand
37
Revenue Growth
17
Seasonality
26
Regulation
Annual Revenue
$24.7K
+3%
past year
Occupancy Rate
51%
+4%
past year
Average Daily Rate
$365.9
+3%
past year
Revenue per Available Rental (RevPAR)
$190.3
+6%
past year
Detroit Lakes Performance Details
Total available listings
139
+3%
past year
Listings by rental channel
Airbnb (39%)
Vrbo (20%)
Both (41%)
Listings by rental size
1 Bedroom (4%)
2 Bedroom (27%)
3 Bedroom (30%)
4 Bedroom (22%)
5+ Bedroom (18%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (38%)
91-180 nights (33%)
181-270 nights (18%)
271-365 nights (11%)
Listings by rental type
Entire Home (98%)
Private Room (2%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (16.1%)
Moderate (57.7%)
Strict (17.5%)
Super Strict (8.8%)
Listings by Minimum Stay
1 Night (0.7%)
2 Nights (41.0%)
3 Nights (25.9%)
4-6 Nights (17.3%)
7-29 Nights (5.0%)
30+ Nights (10.1%)
What amenities do listings have?
Aircon
98%
Internet
96%
Wireless Internet
95%
Kitchen
92%
Parking
91%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
Sota Lake Home Rentals | 13 | 0.3% | 153 | 4.73 |
Evolve | 7 | 0.2% | 108 | 4.83 |
Everyday Luxury | 1 | -0.5% | 34 | 4.95 |
Occupancy
Occupancy Rate
51%
+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
$2,467,265
+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)
$51
+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
$51
-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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