Richmond, MI
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Richmond short-term rental market based on reliable data.
Listings
11 / 20
Reliable / Active
Cap Rate
9%
Middle-Earners Gross Yield
Revenue
$24,826
Middle-Earners Revenue
Occupancy
48%
Middle-Earners Occupancy
Home Value
$292,628
Median Home Sale Price
Top Earners
$67,610
Top-Earners Revenue
Richmond
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Richmond.
Loading top listings...
Challenging to Investors
Richmond Regulations
Richmond embeds STRs under the Bed & Breakfast accessory use, making breakfast provision and likely owner presence mandatory; SUPs may be required depending on zoning, and the regime imposes occupancy, parking, and annual renewals.
Local STR Agent
STR specialist · Richmond, MI
About Richmond
Richmond is a city within Metro Detroit in the U.S. state of Michigan. The population was 5,878 at the 2020 census. Most of the city is located in Macomb County, though there is a small portion in neighboring St. Clair County.