Leroy, MI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

58 / 122

Reliable / Active

Revenue

$30,725

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Top Earners

$73,886

Top-Earners Revenue

Leroy

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Leroy.

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C

Challenging to Investors

Leroy Regulations

Leroy allows STRs only as Bed & Breakfast Inns in single‑family homes, tying legality to zoning, safety, and tax compliance—enough to be legal but restrictive enough to deter scale. The B&B‑only framework (meals, façade consistency, limited staffing) narrows the model, and while fees aren’t high, the lack of a general‑purpose STR pathway creates meaningful compliance risk for investors.

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About Leroy

Leroy is a small village in Osceola County in the northwestern Lower Peninsula of Michigan, with a population of roughly 300 residents. The community has a quiet, rural character, set among rolling farmland, wooded lots, and the small lakes that dot central Michigan. It functions primarily as a low-key base for visitors drawn to the region's trout streams, state game lands, and quiet backcountry roads, rather than a destination in its own right. Leroy sits approximately 20 miles south of Cadillac, the nearest larger city, and roughly an hour's drive southeast of Traverse City and the Grand Traverse Bay region.

The Au Sable River is the headline draw of the broader area, and several of its headwaters and feeder streams flow through Osceola County within a short drive of Leroy. The river is one of the most celebrated trout-fishing waters in the Midwest, and during warmer months the surrounding stretch supports paddling, fly-fishing outfitters, and scenic canoe trips. Sections accessible from nearby communities offer everything from gentle family floats to more remote wading opportunities for experienced anglers.

A few miles north of Leroy, the landscape opens up into the Huron-Manistee National Forests, one of the largest contiguous national forest units in the eastern United States. The forestlands around Osceola County offer marked hiking trails, designated off-road vehicle routes, campgrounds, and an extensive network of lakes and cold-water streams. Visitors typically come for the quiet, the fall color, and the chance to disconnect in a setting that feels far removed from Michigan's busier resort corridors.

The nearest full-service town is Cadillac, roughly 20 minutes north. Cadillac sits on Lake Cadillac and Lake Mitchell and serves as the regional hub for groceries, restaurants, and medical services, making it a practical stop for short-term rental guests who want amenities without staying in a busier tourist town. The surrounding Wexford and Osceola county area also supports seasonal activities such as snowmobiling and skiing in winter, including resorts in the hills west of Cadillac.

For a small village, Leroy occupies a genuinely useful position. It places visitors within easy reach of the Au Sable trout water, hundreds of square miles of national forest, and the year-round services of Cadillac, all while offering the calm, dark-sky feel of an inland Michigan community. That combination of access and quiet is exactly the kind of setting short-term rental guests look for when they want a base for hiking, fishing, and exploring the less-crowded parts of the Lower Peninsula.

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