Three Rivers, MI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Three Rivers short-term rental market based on reliable data.

Listings

46 / 94

Reliable / Active

Cap Rate

12%

Middle-Earners Gross Yield

Revenue

$27,974

Middle-Earners Revenue

Occupancy

49%

Middle-Earners Occupancy

Home Value

$226,407

Median Home Sale Price

Top Earners

$56,550

Top-Earners Revenue

Three Rivers

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Three Rivers.

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C

Challenging to Investors

Three Rivers Regulations

STRs are permitted (single-family) but governed by Fabius Township with an annual registration, required safety measures, inspections, and a $500 civil infraction penalty plus revocation risk. The cap of 40 STRs and 1,000‑ft separation rule constrains supply, and the unknown fee plus unclear applicability in the City of Three Rivers add risk.

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About Three Rivers

Three Rivers is a small city in St. Joseph County in southwestern Michigan, with a population of approximately 7,500 residents. The city takes its name from the confluence of three waterways—the St. Joseph, Rocky, and Portage rivers—which meet within or near the city limits and shape much of the local identity. With a quiet, small-town atmosphere, Three Rivers is best known as a launching point for exploring the rivers, lakes, and rural landscapes of southwestern Michigan and the adjacent northern Indiana region. It sits roughly 25 to 30 miles south of Kalamazoo, the nearest major city, and about 150 miles east of Chicago.

A short drive south of Three Rivers, the community of Centreville hosts the St. Joseph County Covered Bridge Festival, one of the largest fall festivals in the Midwest. The festival celebrates the county's surviving historic covered bridges and features crafts, food, parades, and small-town charm. Centreville is approximately 10 miles from Three Rivers, making it an easy day trip for visitors during the autumn season when the area draws significant crowds.

For outdoor recreation, the St. Joseph River and its tributaries offer fishing, kayaking, and canoeing opportunities right at the city's edge. The surrounding St. Joseph County countryside is dotted with small lakes and public lands, with several municipal parks and informal boat launches providing easy access to the water without leaving the immediate area. Visitors interested in a longer day on the water can paddle stretches of the St. Joseph, which winds northward toward larger reservoirs and ultimately to the Lake Michigan watershed.

To the south, Three Rivers serves as a convenient northern gateway to the Amish communities of northeastern Indiana. The town of Shipshewana, Indiana, known for its Amish heritage, large flea market, and traditional crafts, is roughly 35 miles south. The nearby Michigan-Indiana border crossings make day trips to LaGrange County straightforward for visitors interested in a different cultural landscape, home-cooked meals, and locally made goods.

Three Rivers' appeal for short-term rentals lies in its combination of affordability, natural setting, and strategic position. Visitors can enjoy river-based activities, attend the popular Covered Bridge Festival, or take day trips to larger Michigan destinations like Kalamazoo and the Lake Michigan shoreline to the west. The town's small footprint, walkable core, and proximity to multiple regional draws make it a practical base for travelers seeking a quieter, outdoors-oriented alternative to Michigan's more heavily trafficked tourist regions.

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