Sault Sainte Marie, MI
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Sault Sainte Marie short-term rental market based on reliable data.
Listings
160 / 562
Reliable / Active
Cap Rate
15%
Middle-Earners Gross Yield
Revenue
$27,190
Middle-Earners Revenue
Occupancy
57%
Middle-Earners Occupancy
Home Value
$180,912
Median Home Sale Price
Top Earners
$51,537
Top-Earners Revenue
Sault Sainte Marie
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Sault Sainte Marie.
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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.
Local STR Agent
STR specialist · Sault Sainte Marie, MI
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.