Rapid City, MI
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Rapid City short-term rental market based on reliable data.
Listings
3 / 57
Reliable / Active
Cap Rate
9%
Middle-Earners Gross Yield
Revenue
$32,881
Middle-Earners Revenue
Occupancy
58%
Middle-Earners Occupancy
Home Value
$352,653
Median Home Sale Price
Top Earners
$34,593
Top-Earners Revenue
Rapid City
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Rapid City.
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Challenging to Investors
Rapid City Regulations
The 50-permit cap each for Tourist Homes and Vacation Homes (using a lottery if oversubscribed) and strict zoning limitations for Vacation Homes (Agricultural district or single-family in Commercial only) significantly constrain market access. While STRs are allowed, the mandatory Local Agent requirement, annual permit renewal, and aggressive enforcement with escalating fines create operational and compliance burdens that dampen investor enthusiasm.
Local STR Agent
STR specialist · Rapid City, MI
About Rapid City
Rapid City is an unincorporated community and census-designated place (CDP) in Kalkaska County in the U.S. state of Michigan. At the 2020 census, the CDP had a population of 1,357. Rapid City is located within Clearwater Township, and is about 8 miles (13 km) northwest of Kalkaska.