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Detroit

Wayne County, MI

CAUTIONSTR Rules →

STR Investment Grade

Transparent Scoring
C
54/100
⚠️ CAUTION
Score Breakdown
💰Cash-on-Cash
35/35
🏠Affordability
25/25
📅Year-Round Income
9/15
🤝Landlord Friendly
8/10
📈Room to Grow
3/15
Cash-on-Cash
116.3%
Elite (20%+)
Median Home
$75K
Highly Affordable
Room to Grow
3/15
Crowded Market
⚠️

STR Regulations Apply

Registration and permit required

Detroit requires STR registration and permits. Zoning compliance required.

Permit: Moderate
Grade Impact: Base score of 80/100 would be grade A, but capped at C (54/100) due to regulation risk.
Verified data as of February 2026 · Regulations change frequently
📞 How to Verify
Call the Detroit City Clerk or Planning & Zoning Department and ask:
1. Are short-term rentals (under 30 days) allowed at [your address]?
2. What permits or licenses are required?
3. Are there owner-occupancy requirements?
4. Any caps on rental nights per year or number of permits?
Many cities have active short-term rentals operating legally with permits — restrictions don't always mean it's impossible.
🔗 Search Municipal Code🚩 Report Inaccuracy

Why Detroit?

Lake Market

What drives short-term rental demand here

🌊
Lakefront Appeal

Waterfront properties command premium rates with strong summer demand and growing shoulder seasons.

🔥
High Demand Zone

Strong traveler demand supports a competitive market with proven revenue potential.

Will This Deal Work?

Investment Grade
C
Elite (20%+)
CoC: 116.3%
Can You Pay the Bills?
✓
YES
Income covers mortgage
THE BOTTOM LINE ⚠️

This market has STR regulations to be aware of. Many hosts operate successfully with proper permits. Research local ordinances before committing.

💵
$203
Avg ADR
📅
52%
Occupancy
💰
$3,167
Monthly Revenue
🏠
$75K
Median Price

Market estimates · Updated Feb 2026

📊 Income by Property Size

Monthly revenue estimates by bedroom count

1BR
$1,742
2BR
$2,375
3BR
$3,167
4BR
$4,275
5BR
$5,226
6BR+
$6,176
⭐ Best

🏠 Top Amenities for This Market

Add these to boost your revenue

MUST HAVEBoat Dock
+28%
MUST HAVELake Views
+18%
HIGH IMPACTKayaks/Canoes
+12%
HIGH IMPACTFire Pit
+10%
NICE TO HAVEHot Tub
+15%

🎯 Your Next Steps

1
Search for 6BR+ properties
Best income potential at $6,176/month
2
Add a Boat Dock
Boost revenue by +28%
3
Target $3,959/month
Top 25% performer income goal

📋 Regulation Status

RegulatedPermit: ModerateVerified Data

Regulations vary by city and county. Always verify local STR ordinances, permit requirements, and zoning laws before purchasing.

Permitting ResourcesSTR Insurance

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Detroit, Michigan is rated C for Airbnb investment with a score of 54/100 (CAUTION). The market has an average daily rate (ADR) of $203, 52% occupancy, and estimated monthly STR revenue of $3,167. Median home value is $74,571 with a cash-on-cash return of 116.3%. STR regulation status: Regulated. Data powered by Edge by Teeco using estimated market data.