Ypsilanti, MI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

108 / 240

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$27,565

Middle-Earners Revenue

Occupancy

62%

Middle-Earners Occupancy

Home Value

$292,498

Median Home Sale Price

Top Earners

$57,009

Top-Earners Revenue

Ypsilanti

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Ypsilanti.

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B

Generally Investor friendly

Ypsilanti Regulations

Ypsilanti currently allows STRs citywide with a manageable, known path (rental registration, inspections, Certificate of Compliance), no evident hard caps, and standard state taxes. However, the city is actively drafting formal STR licensing/fees and may adopt stricter rules like principal‑residence limits, safety inspections, and voter‑approved STR taxes, creating moderate future‑compliance risk for investors.

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About Ypsilanti

Ypsilanti is a small city in southeastern Michigan, situated in Washtenaw County just east of Ann Arbor. With a population of roughly 20,000 residents, the city carries a distinct college-town energy shaped by the presence of Eastern Michigan University, which influences much of its cultural rhythm. Ypsilanti has a long industrial heritage tied to auto manufacturing and is recognized for its preserved Victorian architecture, a growing arts scene, and historic landmarks like the Ypsilanti Water Tower. The city lies about ten miles east of Ann Arbor and roughly thirty-five miles west of Detroit, placing it in a convenient corridor between two of the state's most dynamic regions.

A short drive from most parts of the city leads to the Ypsilanti Water Tower, a striking stone structure built in 1890 and affectionately known locally as the "Brick Dick" for its unusual proportions. It stands on a hill overlooking the city and remains one of Michigan's most photographed historic landmarks, offering visitors a quick glimpse into late-nineteenth-century civic architecture and views across the surrounding landscape.

Just a few minutes from downtown, Depot Town is Ypsilanti's historic district anchored by the former Michigan Central Railroad depot. The neighborhood is known for its brick-paved streets, restored nineteenth-century buildings, locally owned restaurants, and a year-round calendar of community events, including the annual Ypsilanti Heritage Festival. It functions as a walkable hub for visitors interested in the city's small-town character and architectural history.

The Eastern Michigan University campus brings additional activity to the area, with public events, performing arts performances, and athletic games that draw visitors from across the region. Outside the city, Ford Lake, also known as Ford Reservoir, provides a calm stretch of water for kayaking, fishing, and lakeside walks, while the parks and paths along the nearby Huron River offer opportunities for cycling, hiking, and connecting with the natural landscape that defines this part of southeast Michigan. Ypsilanti's central location also makes day trips to the University of Michigan campus in Ann Arbor and the cultural and entertainment offerings of metropolitan Detroit comfortably accessible.

For travelers considering a short-term rental here, Ypsilanti offers an appealing combination: walkable historic neighborhoods, a recognizable college-town atmosphere, genuine local character distinct from its larger neighbors, and a location that makes exploring southeast Michigan straightforward. It appeals to visitors who want an authentic small-city experience with the amenities of two major metropolitan areas within easy reach.

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