Ishpeming, MI
- Overview
- Performance
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Key Performance Metrics
Market snapshotPerformance indicators for the Ishpeming short-term rental market based on reliable data.
Listings
43 / 114
Reliable / Active
Cap Rate
13%
Middle-Earners Gross Yield
Revenue
$22,564
Middle-Earners Revenue
Occupancy
56%
Middle-Earners Occupancy
Home Value
$175,427
Median Home Sale Price
Top Earners
$40,552
Top-Earners Revenue
Ishpeming
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Ishpeming.
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Generally Investor friendly
Ishpeming Regulations
STRs are explicitly permitted citywide with clear registration requirements, no current caps, and exemption from inspection fees that apply to long-term rentals. The moderate permitting process (simple registration form, manageable fees, voluntary compliance) and supportive city tone (providing detailed guidance and contact information) create a favorable but not fully hands-off environment for investors.
Local STR Agent
STR specialist · Ishpeming, MI
About Ishpeming
Ishpeming ( ISH-pə-ming) is a city in Marquette County, Michigan, United States. Located in the Upper Peninsula, the population was 6,140 at the 2020 census, less than it was in the 1950s and 1960s when the iron ore mines employed more workers. A statue of a Native American figure, erected in 1884 in the small town square, is referred to as "Old Ish". Ishpeming Township is located to the northwest of the city but is administratively autonomous. Ishpeming is considered the birthplace of organized skiing in the United States and is the home to the National Ski Hall of Fame. The city was also prominently featured in the 2010 documentary Catfish. The name "Ishpeming" comes from Ojibwa ishpiming 'above, in the air, on high'.