Muskegon, MI
- Overview
- Performance
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Key Performance Metrics
Market snapshotPerformance indicators for the Muskegon short-term rental market based on reliable data.
Listings
196 / 505
Reliable / Active
Cap Rate
20%
Middle-Earners Gross Yield
Revenue
$34,591
Middle-Earners Revenue
Occupancy
55%
Middle-Earners Occupancy
Home Value
$177,742
Median Home Sale Price
Top Earners
$70,878
Top-Earners Revenue
Muskegon
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Muskegon.
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Generally Investor friendly
Muskegon Regulations
Muskegon allows STRs citywide, issues a straightforward $500 license (includes inspection), and provides clear, predictable requirements. Caps per overlay zone and adjacency limits plus moderate paperwork, insurance, and renewal duties make it a known, manageable process rather than a major barrier to entry.
Local STR Agent
STR specialist · Muskegon, MI
About Muskegon
Muskegon, Michigan, is a picturesque city located along the eastern shores of Lake Michigan, known for its scenic waterfronts, cultural attractions, and recreational activities. As of the most recent census, Muskegon has a population of approximately 38,000 residents. The city is about 40 miles west of Grand Rapids, Michigan, and provides a serene escape from the bustling urban life while still being in close proximity to larger metropolitan amenities.
Muskegon boasts several notable landmarks and attractions that enhance its appeal for short-term rentals. Pere Marquette Beach (https://muskegon-mi.gov/parks/pere-marquette-park/),,) one of the top-rated beaches in the state, offers visitors stunning views, sandy shores, and opportunities for swimming, sunbathing, and various beach sports. Additionally, the Muskegon Museum of Art (https://muskegonartmuseum.org/)) presents an array of art collections and exhibitions that cater to diverse tastes.
For history enthusiasts, the USS Silversides Submarine Museum (http://silversidesmuseum.org/)) allows visitors to explore a preserved World War II submarine and learn about maritime history. Another historic site is the Hackley and Hume Historic Site (https://lakeshoremuseum.org/project/hackley-hume-historic-site/),,) which features beautifully restored Victorian homes that reflect the prosperous lumber era of the late 19th century.
Muskegon also offers outdoor recreational activities through Muskegon State Park (https://www.michigan.org/property/muskegon-state-park),,) where guests can enjoy hiking, camping, fishing, and winter sports. Additionally, the city hosts various events and festivals throughout the year, such as the Michigan Irish Music Festival (https://michiganirish.org/)) and the Muskegon County Fair (http://muskegonfairgrounds.com/),,) providing a vibrant cultural scene.
Overall, Muskegon's combination of natural beauty, historical landmarks, cultural attractions, and recreational opportunities makes it an attractive destination for those seeking short-term rentals.