Rapid City, Michigan Short-Term Rental Market
CMarket Score 60/100
Quick Answer: Rapid City, Michigan is an active short-term rental market. average occupancy is 38%. average monthly revenue is $2,186. average daily rate is $233. the top operator is Vacasa with 179 listings. market score is 60/100 (grade C).
Avg Monthly Revenue
$2,186
↑ 0.3% YoY
38%
Occupancy
↓ 4.1% YoY
$233
Avg Daily Rate
↑ 4.5% YoY
$89
RevPAR
↑ 0.3% YoY
49.5 days avg lead time3.1 avg length of stay
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Regulation73
Seasonality45
Investability84
Rental Demand57
Revenue Growth79
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 32% | $243 | $2,221 |
| Feb | 39% | $240 | $2,272 |
| Mar | 35% | $212 | $2,089 |
| Apr | 40% | $219 | $2,095 |
| May | 52% | $268 | $2,620 |
| Jun | 64% | $334 | $4,852 |
| Jul | 79% | $348 | $6,786 |
| Aug | 71% | $347 | $6,320 |
| Sep | 49% | $295 | $3,913 |
| Oct | 45% | $265 | $3,350 |
| Nov | 29% | $229 | $2,032 |
| Dec | 39% | $239 | $2,169 |
Top Short-Term Rental Operators in Rapid City
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Vacasa | 179 | 5,712 | ★ 4.46 |
| 2 | Elevated Homes & Hospitality | 125 | 4,924 | ★ 4.78 |
| 3 | The Mitten Group Property Management | 109 | 9,508 | ★ 4.79 |
| 4 | True North Property Management | 107 | 3,603 | ★ 4.56 |
| 5 | Evolve | 94 | 4,157 | ★ 4.76 |
What Kind of STR Should I Buy in Rapid City?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 1,295 |
| 2 bed | 1,503 |
| 3 bed | 1,231 |
| 4 bed | 703 |
| 5 bed | 440 |
ADR by Property Tier
| Entire Home | $235 |
| Luxury | $425 |
| Professionally Managed | $233 |
Revenue by Dwelling Type
| Apartment | $1,699 |
| Entire Place | $2,203 |
| House | $2,527 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 28.4% |
| vrbo | 15.1% |
| both | 56.5% |
Investment Analysis
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
Run a Free Address Analysis
Skip the market averages. Get revenue projections, comp analysis, and ROI for your specific property address. Free, instant, no signup required.
Analyze My Property →Home Value Trends (Rapid City)
Typical Home Value
$366,762
Analyze Rapid City Rentals
Use our free calculator to estimate Airbnb revenue for any property in Rapid City.
Free Rapid City STR Calculator →
