Hancock, Michigan Short-Term Rental Market
Quick Answer: Hancock, Michigan is an active short-term rental market. average occupancy is 63%. average monthly revenue is $3,572. average daily rate is $235.
Avg Monthly Revenue
$3,572
↑ 1.8% YoY
63%
Occupancy
↑ 0.3% YoY
$235
Avg Daily Rate
↑ 0.5% YoY
$148
RevPAR
↑ 0.8% YoY
Market data reflects the Upper Peninsula regional market, which includes Hancock. Regulations, taxes, and permit details below are specific to Hancock.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 43% | $186 | $2,164 |
| Feb | 50% | $192 | $2,306 |
| Mar | 31% | $160 | $1,587 |
| Apr | 36% | $146 | $1,388 |
| May | 47% | $172 | $1,687 |
| Jun | 64% | $205 | $3,050 |
| Jul | 77% | $208 | $4,305 |
| Aug | 73% | $206 | $4,164 |
| Sep | 55% | $189 | $2,863 |
| Oct | 50% | $180 | $2,479 |
| Nov | 31% | $152 | $1,510 |
| Dec | 45% | $173 | $1,677 |
Investment Analysis
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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