Airbnb Market Analytics & Investment Insights
Annual Revenue
$11,033
Based on 45 full time Airbnb rentals
Average Daily Rate
$94
Gross Yield
As of October of 2024, Homes in 48238 ZIP Code have appreciated by 16.89%, with the median home value standing at $55,296, according to Zillow.
There are currently 45 active short-term rentals in 48238 ZIP Code. The average daily rate for these rentals is $94. This translates to an annual revenue of $11,033 for short-term rentals as of October of 2024.
48238 ZIP Code is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.
Average Daily Rate Trend
$94
Occupancy Rate Trend
54%
Get matched with top Detroit, MI realtors who specialize in short-term rentals — they know which neighborhoods actually cash flow and which to avoid.
As of October of 2024, the average gross yield for short-term rentals in 48238 ZIP Code is 19.87%. However, potential investors should also consider the average property tax, which stands at 1.90% according to SmartAsset.
The median household income in 48238 is $58,231.
As of October of 2024, the occupancy rate for Airbnb rentals in 48238 is 54%, which is lower than the average occupancy rate for the United States.
Discover the leading hosts in Detroit ranked by guest ratings and active listings. These hosts combine scale with exceptional guest satisfaction, setting the benchmark for success.
RoomPicks leads the market with 32 active listings and maintains an exceptional 4.53 average guest rating.
StayArbor leads the market with 25 active listings and maintains an exceptional 4.82 average guest rating.
Stay leads the market with 25 active listings and maintains an exceptional 4.90 average guest rating.
These top performers serve as benchmarks for what drives success in Detroit's competitive short-term rental scene. Their strategies combine operational efficiency with outstanding guest experiences, making them the gold standard for aspiring hosts and property managers in the area.
10 hosts available
As of October of 2024 The unemployment rate in 48238 ZIP Code is 5.1%, which is higher than the national average of 4.1%.
The most impactful amenities for short-term rentals in 48238 include a Building staff, Pocket wifi, and Breakfast.
48238 ZIP Code is a popular destination for travelers, with Airbnb demand coming from cities like Chicago, IL (4.18% of all guests), Detroit, MI (4.10% of all guests), and New York, NY (2.57% of all guests).
The top short-term rental hosts in 48238 ZIP Code include RoomPicks, StayArbor and Stay. These hosts have an average rating of 4.53, 4.82 and 4.90 respectively.
The most popular property types in 48238 ZIP Code are 2-bedroom units, with an average daily rate of $94 and an annual revenue of $20,878.
The average booking lead time for short-term rentals in 48238 ZIP Code is 44 days.
Disclaimer
This page and the data presented are for informational purposes only. The information provided should not be construed as financial, legal, or investment advice. Market conditions can change rapidly, and past performance does not guarantee future results. Always consult with qualified professionals before making investment decisions.
19.87%
Occupancy Rate
54%