Redford, MI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

48 / 142

Reliable / Active

Cap Rate

14%

Middle-Earners Gross Yield

Revenue

$24,416

Middle-Earners Revenue

Occupancy

46%

Middle-Earners Occupancy

Home Value

$176,743

Median Home Sale Price

Top Earners

$40,343

Top-Earners Revenue

Redford

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Redford.

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B

Generally Investor friendly

Redford Regulations

Short-term rentals are allowed without caps, but require modest licensing ($50/year registration) and periodic inspections ($200 every three years), with standard state use tax and zoning verification—creating a clear, manageable compliance path with supportive tone.

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About Redford

Redford Township sits in Wayne County in southeastern Michigan, just northwest of Detroit, and forms part of the greater Detroit metropolitan area. With a population of roughly 46,000, it is primarily a residential suburb known for its quiet, tree-lined streets, modest post-war housing stock, and an unpretentious, working-class character. While Redford itself is more of a place to live than a destination, its appeal lies in its accessibility: downtown Detroit is only about 12 to 15 miles to the southeast, and major freeways run directly through the township, making it a convenient, affordable base for visitors who want to explore the city and the surrounding region without staying in the urban core.

Just a short drive to the south in Dearborn, the Henry Ford Museum of American Innovation offers an expansive look at American industry, transportation, and culture, with signature exhibits like the bus where Rosa Parks made her stand and the limousine that carried President Kennedy in Dallas. From Redford, the museum is about a 15-minute drive, making it an easy half-day excursion for guests interested in history and engineering.

In Midtown Detroit, roughly 20 minutes southeast, the Detroit Institute of Arts anchors the city's cultural corridor with one of the largest and most respected art collections in the country, including Diego Rivera's famous Detroit Industry murals. Nearby, the Motown Museum, housed in the original Hitsville U.S.A. recording studio on West Grand Boulevard, offers an intimate look at the label that launched Stevie Wonder, Marvin Gaye, the Supremes, and many others, and it draws visitors from around the world.

A bit further east, Belle Isle Park is a 982-acre island park in the Detroit River managed as a Michigan state park. About 25 minutes from Redford, it features the Belle Isle Aquarium, the Anna Scripps Whitcomb Conservatory, a large nature zoo, and miles of shoreline and trails, providing a green escape within the city.

For short-term rental owners, Redford offers a compelling mix of suburban comfort and urban proximity. Guests can return at the end of the day to a quieter, more residential setting with free parking and easy freeway access, while remaining within a short drive of Detroit's marquee museums, sports venues, and the riverfront. The township's central location within Wayne County also places it near Dearborn, Livonia, and Southfield, broadening the pool of business travelers, visiting families, and medical and university-related guests who might prefer a calmer neighborhood over a downtown hotel.

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