Sault Sainte Marie, MI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Sault Sainte Marie short-term rental market based on reliable data.

Listings

213 / 560

Reliable / Active

Cap Rate

14%

Middle-Earners Gross Yield

Revenue

$25,892

Middle-Earners Revenue

Occupancy

62%

Middle-Earners Occupancy

Home Value

$188,022

Median Home Sale Price

Top Earners

$50,645

Top-Earners Revenue

Sault Sainte Marie

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Sault Sainte Marie.

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A

Very Investor friendly

Sault Sainte Marie Regulations

Municipal by-law clarifies legality of STRs in Ontario Sault Ste. Marie, defining permitted zones and licensing requirements. Investment-friendly tone with straightforward compliance process and no severe operational caps.

View Sault Sainte Marie Regulations →

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About Sault Sainte Marie

Sault Ste. Marie ( SOO-saynt-mə-REE) is a city in the Upper Peninsula of the U.S. state of Michigan. It is the county seat of Chippewa County and is the only city within the county. With a population of 13,337 at the 2020 census, it is the second-most populated city in the Upper Peninsula, behind Marquette. It is the primary city of the Sault Ste. Marie, MI Micropolitan Statistical Area, which encompasses all of Chippewa County and had a population of 36,785 at the 2020 census. Sault Ste. Marie was settled by mostly French colonists in 1668, making it the oldest city in Michigan.Sault Ste. Marie is located along the St. Marys River, which flows from Lake Superior to Lake Huron and forms part of the United States–Canada border. Across the river is the larger Sault Ste. Marie, Ontario, Canada; the two cities are connected by the Sault Ste. Marie International Bridge. Between the two cities are the Soo Locks, a set of locks allowing ship travel between Lake Superior and the Lower Great Lakes.
Sault Ste. Marie is home to Lake Superior State University.

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