Saint Ignace, MI
- Overview
- Performance
- Listings
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Key Performance Metrics
Market snapshotPerformance indicators for the Saint Ignace short-term rental market based on reliable data.
Listings
72 / 360
Reliable / Active
Cap Rate
16%
Middle-Earners Gross Yield
Revenue
$35,095
Middle-Earners Revenue
Occupancy
53%
Middle-Earners Occupancy
Home Value
$216,378
Median Home Sale Price
Top Earners
$65,107
Top-Earners Revenue
Saint Ignace
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Saint Ignace.
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Challenging to Investors
Saint Ignace Regulations
Legal but capped at 50 permits with owner cap of 3, creating scarcity; moderate fees ($250–$350) and a one-time $60 neighbor notice for Category 2; many categories need zoning variances, plus operating requirements (rent 4 months/year, inspections) and revocation risk for 3 incidents, which raises compliance risk and constrains investment.
Local STR Agent
STR specialist · Saint Ignace, MI
About Saint Ignace
St. Ignace ( IHG-nəss) is a city in the U.S. state of Michigan and the county seat of Mackinac County. The city had a population of 2,306 at the 2020 census. St. Ignace Township is located just to the north of the city, but the two are administered autonomously. St. Ignace is located along Lake Huron in the Upper Peninsula on the northern side of the Straits of Mackinac. The city serves as a gateway to the state's Upper Peninsula for travelers coming from the Lower Peninsula, as the city is at the north end of the Mackinac Bridge, opposite Mackinaw City. It has one of two ports which provide ferry service to nearby Mackinac Island. St. Ignace's history dates back to 1671 when French Jesuit priests founded the St. Ignace Mission, which makes it one of the oldest European settlements in the state after Sault Ste. Marie. The area was previously inhabited by the Wyandot people, as well as the Ojibwe and Ottawa tribes of Native Americans. St. Ignace soon became the center of fur trading with the French. It was incorporated as a village in 1882 and a city in 1883. The Mackinac Bands of Chippewa and Ottawa Indians is headquartered at St. Ignace, and the city continues to have a high population of Native Americans.