Marquette, MI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

292 / 503

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$35,148

Middle-Earners Revenue

Occupancy

60%

Middle-Earners Occupancy

Home Value

$316,557

Median Home Sale Price

Top Earners

$65,251

Top-Earners Revenue

Marquette

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Marquette.

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C

Challenging to Investors

Marquette Regulations

Marquette’s STR market is legally permitted but gated by a hard cap of 250 permits that has already been filled, creating a multi‑year waiting list and making new entry difficult. The city also imposes moderate fees, detailed inspections, and safety standards, further tightening the investment landscape. Overall, the combination of a strict quota and substantial compliance hurdles places the regulations in the “Challenging” category.

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About Marquette

Marquette, Michigan, is a scenic city located on the shores of Lake Superior in the Upper Peninsula. As of the most recent census, Marquette boasts a population of approximately 20,000 residents. The city is situated roughly 160 miles north of Green Bay, Wisconsin, which is the closest major city.

Marquette is particularly appealing for short-term rentals due to its rich history, vibrant culture, and abundant natural beauty. Key landmarks include Presque Isle Park (https://www.mqtcty.org/),,) offering stunning lake views, recreational activities, and picturesque hiking trails. The Superior Dome (https://www.nmu.edu/superiordome)) at Northern Michigan University stands as the world's largest wooden dome and serves as a hub for various sporting events and concerts.

Downtown Marquette offers a bustling atmosphere with unique shops, local eateries, and art galleries. The Marquette Harbor Lighthouse (https://mqtcty.org/lighthouse.php)) is a historical site that provides insights into the city's maritime past, while the Marquette Maritime Museum (https://mqtmaritimemuseum.com/)) enriches visitors' understanding of the region's nautical heritage.

With its combination of natural landscapes, historical landmarks, and friendly community, Marquette is an attractive destination for visitors seeking a short-term rental experience.

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