Charlevoix, MI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Charlevoix short-term rental market based on reliable data.

Listings

242 / 472

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$41,964

Middle-Earners Revenue

Occupancy

55%

Middle-Earners Occupancy

Home Value

$420,579

Median Home Sale Price

Top Earners

$76,463

Top-Earners Revenue

Charlevoix

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Charlevoix.

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C

Challenging to Investors

Charlevoix Regulations

Charlevoix explicitly allows STRs citywide and offers a clear permitting path ($150–$300 plus inspection), but the 80-unit cap on business STRs in residential zones creates a waiting list and a potential bottleneck. Personal rentals are capped at 28 days per year, and ongoing compliance (insurance, inspections, safety equipment, local contact, taxes) adds cost and process overhead, making the environment challenging for investors who can’t secure a capped business license.

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STR specialist · Charlevoix, MI

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About Charlevoix

Charlevoix, MI, is a scenic small city located in Northern Michigan, boasting a population of approximately 2,500 residents. This picturesque city is situated about 240 miles northwest of Detroit, the closest major city, making it an appealing getaway destination. Charlevoix's unique charm lies in its stunning natural beauty and prominent landmarks, which make it an attractive spot for short-term rentals.

One of the city’s most notable features is its location on an isthmus between Lake Michigan and Lake Charlevoix, providing abundant opportunities for water-based recreation. The iconic Charlevoix South Pier Lighthouse, located at the entrance of the harbor (see more here), is a popular landmark that offers breathtaking views of Lake Michigan, particularly at sunset.

Another major attraction is the Earl Young Mushroom Houses, known for their distinctive architectural style that resembles something out of a fairytale. These unique stone homes are spread throughout the city and can be admired on a self-guided tour (more details here).

Charlevoix is also home to Castle Farms, a historic venue built in 1918 that now hosts events and tours. The castle features beautiful gardens, museum-quality collections, and architecturally grand buildings (more information here).

For outdoor enthusiasts, Fisherman's Island State Park offers miles of hiking trails, beaches, and camping sites along the Lake Michigan shoreline (further details here).

Overall, Charlevoix’s combination of natural beauty, unique architecture, and historic landmarks creates a strong appeal for short-term rental visitors seeking a serene and visually captivating environment.

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