Lexington, Michigan Short-Term Rental Market
BMarket Score 72/100
Quick Answer: Lexington, Michigan is an active short-term rental market. average occupancy is 42%. average monthly revenue is $1,588. average daily rate is $161. the top operator is MiCasa Stays with 95 listings. market score is 72/100 (grade B).
Avg Monthly Revenue
$1,588
↓ 11% YoY
42%
Occupancy
↓ 8.2% YoY
$161
Avg Daily Rate
↑ 1.5% YoY
$68
RevPAR
↓ 6.9% YoY
33.4 days avg lead time3.9 avg length of stay
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Regulation69
Seasonality49
Investability99
Rental Demand62
Revenue Growth77
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 36% | $144 | $1,528 |
| Feb | 42% | $147 | $1,500 |
| Mar | 43% | $141 | $1,611 |
| Apr | 44% | $147 | $1,534 |
| May | 50% | $186 | $1,803 |
| Jun | 62% | $223 | $3,113 |
| Jul | 74% | $230 | $4,424 |
| Aug | 67% | $229 | $4,105 |
| Sep | 41% | $197 | $2,283 |
| Oct | 39% | $167 | $1,912 |
| Nov | 39% | $154 | $1,667 |
| Dec | 40% | $157 | $1,738 |
Top Short-Term Rental Operators in Lexington
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | MiCasa Stays | 95 | 3,709 | ★ 4.69 |
| 2 | Evolve | 63 | 1,955 | ★ 4.54 |
| 3 | Creative Conservation | 24 | 482 | ★ 4.67 |
| 4 | Hunger & Ransom | 22 | 827 | ★ 4.65 |
| 5 | LiveSuites | 16 | 526 | ★ 4.23 |
What Kind of STR Should I Buy in Lexington?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 373 |
| 2 bed | 691 |
| 3 bed | 570 |
| 4 bed | 186 |
| 5 bed | 128 |
ADR by Property Tier
| Entire Home | $166 |
| Luxury | $274 |
| Professionally Managed | $197 |
Revenue by Dwelling Type
| Apartment | $1,256 |
| Entire Place | $1,608 |
| House | $1,674 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 40.3% |
| vrbo | 15.9% |
| both | 43.8% |
Investment Analysis
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Analyze My Property →Home Value Trends (Lexington)
Typical Home Value
$236,167
Analyze Lexington Rentals
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