Annual Revenue
$21,383
Based on 23 full time Airbnb rentals
Average Daily Rate
$102
Gross Yield
34.22%
Occupancy Rate
78%
As of October of 2024, Homes in 48211 ZIP Code have appreciated by 27.24%, with the median home value standing at $62,204, according to Zillow.
There are currently 23 active short-term rentals in 48211 ZIP Code. The average daily rate for these rentals is $102. This translates to an annual revenue of $21,383 for short-term rentals as of October of 2024.
48211 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
$102
Occupancy Rate Trend
78%
As of October of 2024, the average gross yield for short-term rentals in 48211 ZIP Code is 34.22%. However, potential investors should also consider the average property tax, which stands at 1.90% according to SmartAsset.
The median household income in 48211 is $58,231.
As of October of 2024, the occupancy rate for Airbnb rentals in 48211 is 77.5%, which is higher than the average occupancy rate for the United States.
As of October of 2024 The unemployment rate in 48211 ZIP Code is 5.1%, which is higher than the national average of 4.1%.
The most impactful amenities for short-term rentals in 48211 include a Building staff, Pocket wifi, and Breakfast.
48211 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 48211 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 48211 ZIP Code are 2-bedroom units, with an average daily rate of $102 and an annual revenue of $28,939.
The average booking lead time for short-term rentals in 48211 ZIP Code is 44 days.
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