Performance indicators for the Grand Rapids short-term rental market based on reliable data.
Listings
Reliable / Active
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Middle-Earners Gross Yield
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Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
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Top-Earners Revenue
The highest-performing listings in Grand Rapids.
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Challenging to Investors
STRs are permitted but require a two-step process—Special Land Use Permit from Planning plus a Home Occupation Class C license—plus a Fire inspection and a substantial fee ($598 new, $176 renewal). No clear caps or owner-occupancy mandates are stated by the city, but the layered permitting and costs create a moderate-to-high compliance burden, increasing investor risk.
Local STR Agent
STR specialist · Grand Rapids, MI
Grand Rapids, Michigan, located in the western part of the state, is the second-largest city in Michigan with a population of approximately 200,000. It is situated about 30 miles east of Lake Michigan and approximately 150 miles northwest of Detroit, the nearest major city.
Grand Rapids is known for its vibrant art scene, robust craft beer industry, and significant historical landmarks. One of the city's most prominent attractions is the Frederik Meijer Gardens & Sculpture Park, which offers an expansive botanical garden and an exquisite collection of sculptures. More information about the gardens is available at their official website: Frederik Meijer Gardens & Sculpture Park.
The downtown area is home to the Grand Rapids Art Museum, which features contemporary works alongside historical art pieces. Visitors can find more details at Grand Rapids Art Museum. The city also boasts a lively cultural atmosphere with venues such as the Van Andel Arena, known for hosting concerts and sporting events, and can be explored further at Van Andel Arena.
For those interested in the local craft beer scene, the city is affectionately dubbed "Beer City, USA" and hosts numerous breweries including the renowned Founders Brewing Co. Founders Brewing Co..
Grand Rapids also offers various outdoor activities with access to various parks, the Grand River, and proximity to the beautiful Lake Michigan shoreline, making it an attractive location for short-term rental seekers who prefer both urban amenities and natural beauty.