Grand Rapids, MI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

370 / 860

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$32,297

Middle-Earners Revenue

Occupancy

70%

Middle-Earners Occupancy

Home Value

$313,257

Median Home Sale Price

Top Earners

$62,608

Top-Earners Revenue

Grand Rapids

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Grand Rapids.

Loading top listings...

C

Challenging to Investors

Grand Rapids Regulations

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.

View Grand Rapids Regulations →

Local STR Agent

STR specialist · Grand Rapids, MI

Trusted Expert
Get Expert Help In Grand Rapids
Free consultation Response within 24h

About Grand Rapids

Grand Rapids is the second-largest city in Michigan and the seat of Kent County in the western Lower Peninsula, with a city population of roughly 200,000 residents and a metro area approaching one million. Once known as "Furniture City" for its dominant role in the American office-furniture industry, the city has reinvented itself over recent decades as a hub for craft beverages, medical research, and the arts, earning the informal nickname "Beer City, USA" for the density and quality of its breweries. Its character blends restored historic architecture in the downtown core with a network of revitalized districts along the Grand River, which winds through the center of town. Grand Rapids lies about 150 miles northwest of Detroit and roughly 175 miles northeast of Chicago, putting it within a half-day drive of two of the Midwest's largest metropolitan areas.

A short drive southeast of downtown, the Frederik Meijer Gardens & Sculpture Park combines a tropical conservatory, a five-story arid greenhouse, a Victorian-style fernery, and a sprawling outdoor sculpture collection set against walking trails and native plantings. It is one of the most visited cultural attractions in Michigan and is typically about a ten- to fifteen-minute drive from the city center, making it an easy anchor for a half-day excursion. The site hosts a major annual exhibition of botanical sculptures and is open year-round.

In downtown Grand Rapids, the Gerald R. Ford Presidential Museum sits along the Grand River and chronicles the life and presidency of the 38th U.S. president, who grew up in the city. Across the river, the Grand Rapids Art Museum anchors a walkable cultural district that also includes the Grand Rapids Public Museum, which features a working 1928 carousel and exhibits on regional history. Visitors who time their trip with the monthly ArtWalk can experience many of the downtown galleries on a single self-guided evening.

About thirty minutes to the west, the Lake Michigan shoreline offers sandy beaches and harbor towns such as Holland, where visitors can climb a Dutch-style wooden staircase up a dune for views over Lake Macatawa and the big lake beyond. Roughly two and a half hours to the north, Sleeping Bear Dunes National Lakeshore draws visitors for its towering bluffs overlooking Lake Michigan, scenic drives, and wooded campgrounds.

Grand Rapids works well as a short-term-rental base because it offers a compact, walkable urban core with nationally recognized cultural institutions while remaining a short drive from Lake Michigan beaches, dune country, and small harbor towns. The combination of year-round indoor attractions, a thriving food and brewery scene, and easy access to both lake and forest landscapes gives the city a broad seasonal appeal.

startup landing logo

Copyright © 2026 HomeRun Analytics, Inc

Explore

HomeCountry ExplorerProperty Analyzer

Resources

Market ComparatorRegulationsBlog

Trusted by STR investors in 50+ U.S. states

Built by investors, for investors

STRProfitMap® is a registered trademark of HomeRun Analytics, Inc