Performance indicators for the Hillman short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Hillman.
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Challenging to Investors
Hillman's STR regulations are technically legal but constrained by meaningful barriers including a strict 3-bedroom cap for Tourist Homes, potential Special Land Use Permit requirements, zoning district-specific restrictions, and ongoing compliance/inspection obligations. The multi-step permitting process with site plans and residential character maintenance requirements creates moderate operational complexity and compliance costs for investors.
Local STR Agent
STR specialist · Hillman, MI
Hillman is a village in Alpena and Montmorency counties in the U.S. state of Michigan. The population was 605 as of the 2020 census. Nearly all of the village is located within Hillman Township (Montmorency County), with only a small portion extending into Green Township (Alpena County).