Ludington, MI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

130 / 423

Reliable / Active

Cap Rate

12%

Middle-Earners Gross Yield

Revenue

$33,465

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Home Value

$288,787

Median Home Sale Price

Top Earners

$68,485

Top-Earners Revenue

Ludington

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Ludington.

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C

Challenging to Investors

Ludington Regulations

STRs are allowed with a licensing program, but strict caps (30 licenses now, 50 proposed), a 150‑foot spacing rule, and ownership limits constrain viable supply and competition for licenses; licensing, spacing, and a 3‑year inspection cycle add moderate compliance cost and make investment uncertain.

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About Ludington

Ludington ( LUH-ding-tən) is a city in the U.S. state of Michigan. It is the county seat and the largest city in Mason County. The population was 7,655 at the 2020 census.The city is located at the mouth of the Pere Marquette River at Lake Michigan. Nearby are Ludington State Park (which includes the Big Sable Point Light), Nordhouse Dunes Wilderness, and Manistee National Forest. Ludington is the home port of the SS Badger, a vehicle and passenger ferry with daily service in the summer across Lake Michigan to Manitowoc, Wisconsin.

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