Hillman, MI
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Hillman short-term rental market based on reliable data.
Listings
17 / 48
Reliable / Active
Cap Rate
14%
Middle-Earners Gross Yield
Revenue
$25,508
Middle-Earners Revenue
Occupancy
57%
Middle-Earners Occupancy
Home Value
$178,379
Median Home Sale Price
Top Earners
$45,779
Top-Earners Revenue
Hillman
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Hillman.
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Challenging to Investors
Hillman Regulations
Hillman's STR regulations are technically legal but constrained by meaningful barriers including a strict 3-bedroom cap for Tourist Homes, potential Special Land Use Permit requirements, zoning district-specific restrictions, and ongoing compliance/inspection obligations. The multi-step permitting process with site plans and residential character maintenance requirements creates moderate operational complexity and compliance costs for investors.
Local STR Agent
STR specialist · Hillman, MI
About Hillman
Hillman is a village in Alpena and Montmorency counties in the U.S. state of Michigan. The population was 605 as of the 2020 census. Nearly all of the village is located within Hillman Township (Montmorency County), with only a small portion extending into Green Township (Alpena County).