Niles, MI
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Niles short-term rental market based on reliable data.
Listings
45 / 101
Reliable / Active
Cap Rate
13%
Middle-Earners Gross Yield
Revenue
$24,465
Middle-Earners Revenue
Occupancy
54%
Middle-Earners Occupancy
Home Value
$195,720
Median Home Sale Price
Top Earners
$42,068
Top-Earners Revenue
Niles
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Niles.
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Generally Investor friendly
Niles Regulations
Niles Charter Township provides clear, explicit legal framework for STRs with a comprehensive 2023 ordinance, but requires annual zoning compliance permits with moderate documentation, safety certifications, parking improvements, and 24/7 availability/response requirements. The regulations are limited to specific single-family residential zones (AP, RP, R-1A, R-1B) with operational restrictions like hard-surface parking and local agent requirements if owner lives >20 miles away, creating manageable but notable compliance costs and complexity for investors.
Local STR Agent
STR specialist · Niles, MI
About Niles
Niles is a city in Berrien and Cass counties in the U.S. state of Michigan, near the Indiana state line city of South Bend. The population was 11,988 according to the 2020 census. It is the larger, by population, of the two principal cities in the Niles-Benton Harbor metropolitan area, an area with 153,797 people.