Saint Ignace, MI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

130 / 362

Reliable / Active

Cap Rate

14%

Middle-Earners Gross Yield

Revenue

$30,492

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Home Value

$217,972

Median Home Sale Price

Top Earners

$62,953

Top-Earners Revenue

Saint Ignace

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Saint Ignace.

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C

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.

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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.

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