Coloma, Michigan Short-Term Rental Market Overview
Visitor Profile
Coloma, Michigan, attracts approximately 100,000 annual visitors, drawn by its charming small-town atmosphere and natural beauty. The primary demographic of these visitors includes families and couples, predominantly aged 25 to 55, with a significant portion coming from neighboring states like Illinois and Indiana. Many visitors come to enjoy outdoor activities such as hiking, fishing, and attending local events like the Coloma Glad-Peach Festival, which showcases the region’s agricultural heritage. The economic impact of tourism in Coloma is substantial, contributing millions to the local economy through lodging, dining, and recreational activities.
In-depth visitor analysis reveals that Coloma sees a diverse range of tourists, with family groups making up a large percentage of visitors. According to the Coloma Chamber of Commerce, the average length of stay is around two to three days, with peak seasons occurring during the summer months, particularly July and August. Visitors are primarily drawn to Coloma for its recreational opportunities, including beaches along Lake Michigan and local parks. The tourism statistics indicate that many travelers prefer short getaways, making Coloma an ideal destination for weekend trips. Additionally, the local hospitality sector benefits from this influx, with many accommodations reporting high occupancy rates during peak periods. The visitor statistics report from the Michigan Economic Development Corporation highlights the importance of events and festivals in driving tourism, emphasizing the need for STR operators to align their offerings with local attractions. For more insights, visit the Coloma tourism bureau at https://colomami.org.
Top Attractions
Coloma, Michigan, is a hidden gem nestled along the shores of Lake Michigan, offering a delightful mix of outdoor adventures, cultural experiences, and family-friendly activities. Known for its stunning natural beauty and rich history, Coloma is home to several signature attractions that cater to a variety of interests. Visitors can explore the scenic landscapes of the area, delve into local history, or enjoy recreational activities that make this charming town a perfect getaway. Whether you are hiking through lush parks or visiting unique museums, Coloma promises a memorable experience for everyone.
One of the top attractions in Coloma is the Coloma Township Park, a beautiful outdoor space that features picnic areas, playgrounds, and walking trails. This park is perfect for families looking to enjoy a day in nature, with ample opportunities for relaxation and recreation. For those interested in history, the Coloma Historical Society Museum offers a fascinating glimpse into the town’s past, showcasing artifacts and exhibits that highlight the area’s heritage. Visitors can learn about the local culture and the significance of the region through engaging displays. Additionally, the nearby Paw Paw River is ideal for kayaking and fishing, providing a serene backdrop for outdoor enthusiasts. To plan your visit, check out the official Coloma visitor guide at https://www.colomami.gov. With its diverse range of attractions, Coloma is sure to provide unforgettable experiences for all who visit.
Regulations
Coloma, Michigan, is a charming destination for short-term rentals, attracting visitors year-round. However, property owners must navigate specific regulations to operate legally. Coloma requires a special use permit for short-term rentals, ensuring compliance with local zoning laws. Additionally, owners must collect a 6% state sales tax and a 5% local hotel tax on rental income, which must be remitted to the state and local authorities. Safety and health standards are also enforced, including smoke detectors and carbon monoxide detectors in each rental unit. Understanding these regulations is crucial for property owners to avoid penalties and ensure a smooth rental experience. For comprehensive guidance on Coloma short-term rental regulations, read on.
To operate a short-term rental in Coloma, property owners must first obtain a special use permit from the city. This process involves submitting an application and adhering to zoning restrictions that dictate where rentals can be located. Owners are also responsible for collecting and remitting taxes, which include a 6% state sales tax and a 5% local hotel tax, typically due on a quarterly basis. Safety requirements mandate that all rentals must have functioning smoke detectors and carbon monoxide detectors installed. Failure to comply with these regulations can lead to fines or revocation of the rental permit. For more detailed information, property owners can visit the Coloma City website at https://www.colomacity.org or refer to the Michigan Department of Treasury for tax obligations at https://www.michigan.gov/treasury.
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Vacation Rental Market Overview for Coloma
Coloma attracts visitors with its outdoor recreation and natural beauty and urban amenities and entertainment. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.
This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.
Coloma, Michigan Market Performance Trends
Short-Term Rental Market Performance Analysis for Coloma
The short-term rental market in Coloma demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.
Market Trend Summary
Current market indicators show: emerging growth market with increasing demand
Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.
Coloma, Michigan Housing Market Data
Home Value Trends
Market Overview
- Typical Home Value:$245,376
- Median List Price:$357,483
Current Inventory
- Homes For Sale:37
- New Listings:9
Detailed Market Analysis
Real Estate Market Analysis for Coloma, Michigan
The residential real estate market in Coloma, Michigan presents unique opportunities for investors and homebuyers alike. Current market dynamics show affordable housing options with growth potential with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.
Key Market Factors
Important considerations for this market include: proximity to major employment centers, quality school districts, and developing infrastructure These factors contribute to the overall market performance and future growth potential.
Real estate investments in Coloma, Michigan benefit from consistent market appreciation and strong resale values. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.
Coloma, Michigan Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:70% Booked
- 4-6 Months:44.7% Booked
- 7-9 Months:19.1% Booked
- 10-12 Months:5.1% Booked
Cancellation Policies
- Flexible:0%
- Moderate:0%
- Strict:0%
- Super Strict:0%
Minimum Stay
- 1 Day:0
- 2 Days:0
- 3 Days:0
- 4-6 Days:0
- 7-29 Days:0
- 30+ Days:0
Short-Term Rental Regulations and Booking Patterns in Coloma
Coloma vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.
Market analysis reveals seasonal policy variations maximizing revenue. These insights help property managers optimize their listing strategies and maximize occupancy.
Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.
Coloma, Michigan Rental Market Composition
Entire Place by Beds
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Coloma
The vacation rental market in Coloma features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.
Market characteristics include diverse property sizes from studios to large homes. This distribution reflects local demand patterns and traveler preferences.
Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.
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