Williamsburg, MI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

283 / 720

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$34,195

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$469,017

Median Home Sale Price

Top Earners

$75,392

Top-Earners Revenue

Williamsburg

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Williamsburg.

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C

Challenging to Investors

Williamsburg Regulations

The 50-permit cap each for Tourist Homes and Vacation Homes (using a lottery if oversubscribed) and strict zoning limitations for Vacation Homes (Agricultural district or single-family in Commercial only) significantly constrain market access. While STRs are allowed, the mandatory Local Agent requirement, annual permit renewal, and aggressive enforcement with escalating fines create operational and compliance burdens that dampen investor enthusiasm.

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About Williamsburg

Williamsburg is a small unincorporated community in Grand Traverse County, in the northwestern Lower Peninsula of Michigan. It sits in the rolling countryside southeast of Traverse City, in a four-season vacation region celebrated for its inland lakes, vineyards, and proximity to Lake Michigan. Though the community itself is modest, it serves as a quiet gateway to the broader Traverse City area, one of the Midwest's most popular resort destinations. Traverse City, the nearest major city, lies roughly twelve miles to the northwest and functions as the commercial and cultural hub of the region, home to about fifteen thousand residents within the city and approximately one hundred fifty thousand across the surrounding area.

Just west of Traverse City, Sleeping Bear Dunes National Lakeshore is one of the most celebrated natural attractions in the Midwest, with towering sand dunes that rise hundreds of feet above the blue waters of Lake Michigan, scenic overlooks, and more than thirty miles of Lake Michigan shoreline. From Williamsburg, the park's southern approaches are roughly an hour's drive away, making it a comfortable day trip for vacationers based in the area. The park takes its name from a Native American legend about a mother bear and her cubs, and it consistently ranks among the most beautiful places in the United States.

To the north, Torch Lake has earned a reputation as one of the most strikingly clear inland lakes in the country, often compared to Caribbean waters for its vivid turquoise hue. The lake stretches roughly nineteen miles long and is a magnet for boating, swimming, and lakeside cottage culture. From Williamsburg, the southern end of Torch Lake is about a twenty- to twenty-five-minute drive north, passing through the small village of Alden and other quiet lakeside communities along the way.

The Traverse City area itself is a major draw, with a vibrant downtown waterfront along West Grand Traverse Bay, a thriving food and craft beverage scene, and the surrounding wine regions of the Old Mission and Leelanau peninsulas. About fifteen minutes northwest of Williamsburg, the city also serves as the gateway to numerous wineries, cherry orchards, and the annual National Cherry Festival, which celebrates the region's status as the cherry capital of the United States. Elk Lake, one of Michigan's largest and deepest inland lakes, lies just north of Williamsburg and offers quieter beaches and boating than its more famous neighbor.

Together, these varied offerings make Williamsburg a compelling base for short-term rental operators. The community provides a quieter, more affordable alternative to staying directly in Traverse City while still placing visitors within easy reach of the bay, the dunes, the inland lake chain, and the region's food and wine culture. Its central location along key highways, combined with year-round appeal that includes fall color tours, winter recreation at nearby ski areas, and summer lake activities, gives the area strong potential for consistent occupancy across all four seasons.

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