Ontonagon, MI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

97 / 157

Reliable / Active

Cap Rate

22%

Middle-Earners Gross Yield

Revenue

$28,590

Middle-Earners Revenue

Occupancy

58%

Middle-Earners Occupancy

Home Value

$129,205

Median Home Sale Price

Top Earners

$42,333

Top-Earners Revenue

Ontonagon

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Ontonagon.

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Challenging to Investors

Ontonagon Regulations

Ontonagon permits short-term rentals but critical details of permits, fees, and caps are not publicly accessible, creating significant regulatory uncertainty and risk for investors.

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About Ontonagon

Ontonagon ( ON-tə-NAH-gən) is a village in the Upper Peninsula of the U.S. state of Michigan. The population was 1,285 at the 2020 census. It is the county seat of Ontonagon County, and is the only incorporated place within the county.The village is located within Ontonagon Township, at the mouth of the Ontonagon River on Lake Superior. Industry was centered on the Smurfit-Stone Container production facility at the river mouth until the plant closed in 2010.

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