Is Grand Rapids, MI a Good STR Investment in 2026?
360 active listings
Top Market
Median Price
$294,933
STR Revenue/mo
$2,613
Cap Rate
4.3%
1Y Appreciation
2.9%
Avg Nightly Rate
$154
Market Score
96.4/100
Market Overview
Grand Rapids, MI presents a strong opportunity for real estate investors in 2026, with a market score of 96.4 out of 100. The median home price sits at $294,933 with average short-term rental revenue of $2,613 per month, yielding a 4.3% cap rate.
Short-Term Rental Performance
Short-term rental hosts in Grand Rapids average $2,613 in monthly revenue with a 65.9% occupancy rate. This translates to approximately $31,356 in annual gross revenue for a typical listing. The average nightly rate is $154.
Investment Analysis
Assuming a 20% down payment at 7% interest on a $294,933 property, your monthly mortgage would be approximately $1,570. After accounting for mortgage, taxes, and insurance, the estimated monthly cash flow for an STR is -$511.
The long-term rental market shows potential with median rents at $1,685 per month. Year-over-year home value appreciation of 2.9% adds equity growth to your total return.
Our Verdict
Grand Rapids ranks among the top investment markets with a score of 96.4/100. Healthy appreciation adds equity growth on top of rental income. High occupancy rates signal strong rental demand.