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  1. Home
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  3. Michigan
  4. Interlochen

Interlochen, Michigan

Short-Term Rental Market Data & Investment Analysis

Interlochen, Michigan Short-Term Rental Market

Interlochen, MI STRs averaged $233/night at 38.1% April occupancy, anchored by 265,000 annual visitors to the Interlochen Center for the Arts.

Quick Answer: Interlochen, Michigan is an active short-term rental market. average occupancy in the Traverse City market area is 64%. average monthly revenue in the Traverse City market area is $6,344. average daily rate in the Traverse City market area is $411. the top operator in the Traverse City market area is Vacasa with 179 listings. market score is 60/100 (grade C).

Avg Monthly Revenue
$6,344
↑ 3.7% YoY
64%
Occupancy
↓ 1.3% YoY
$411
Avg Daily Rate
↑ 3% YoY
87.4 days avg lead time4 avg length of stay

Market data reflects the Traverse City regional market, which includes Interlochen. Regulations, taxes, and permit details below are specific to Interlochen.

Market Score Breakdown

Five dimensions StaySTRA evaluates per market.

Regulation73
Seasonality45
Investability84
Rental Demand57
Revenue Growth79

Market Overview

Interlochen is a small unincorporated community of 694 residents in Green Lake Township, Grand Traverse County, roughly 15 miles southwest of Traverse City. Its short-term rental market is driven almost entirely by two demand generators: the Interlochen Center for the Arts, which draws approximately 265,000 visitors annually to 700 or more concerts and arts events, and Interlochen State Park, Michigan’s first state park, set on the isthmus between Green Lake and Duck Lake with nearly 490 campsites. The active STR market spans approximately 5,178 listings, of which 5,020 (96.9%) are entire-place rentals and 158 are private rooms. The April 2026 average daily rate was $232.71 with occupancy at 38.1%, a spring shoulder reading that precedes the summer arts season. RevPAR for April was $88.63. Year over year, occupancy declined 4.1% while ADR gained 4.7%, with revenue essentially flat at +0.4%. The bedroom distribution is fairly even: 2-bedroom units lead at 1,503 listings, followed by 1-bedroom (1,295), 3-bedroom (1,231), 4-bedroom (703), and 5-bedroom or larger (440). Platform distribution shows 2,923 listings on both Airbnb and VRBO, 1,472 Airbnb-only, and 783 VRBO-only, with dual-channel listing being the most common strategy. The market’s total score of 59.6 reflects a seasonal arts destination with solid investability (84.1) and revenue growth (78.8) scores.

Seasonal Patterns

Monthly seasonal data for Interlochen, Michigan
MonthOccupancy
Jan32%
Feb39%
Mar35%
Apr40%
May52%
Jun64%
Jul79%
Aug71%
Sep49%
Oct45%
Nov29%
Dec39%

Month-by-month nightly rates and revenue figures for Interlochen are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.

Top Short-Term Rental Operators in Traverse City market area

Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Traverse City market as a whole, which includes Interlochen, so these counts are not Interlochen-only figures.

#OperatorListingsReviewsRating
1Vacasa1795,712★ 4.46
2Elevated Homes & Hospitality1254,924★ 4.78
3The Mitten Group Property Management1099,508★ 4.79
4True North Property Management1073,603★ 4.56
5Evolve944,157★ 4.76

What Kind of STR Should I Buy in Interlochen?

Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Interlochen are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.

Booking Channel Mix

Distribution of bookings across major STR platforms.

Channel mix
ChannelShare
airbnb28.4%
vrbo15.1%
both56.5%

Investment Analysis

The full investment analysis for Interlochen — gross-yield math against current home values, plus 5-year monthly revenue, nightly-rate, and occupancy trend charts — is available to StaySTRA Pro members and updates monthly. The figures shown elsewhere on this page are the free market snapshot.

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Home Value Trends (Interlochen)

Typical home values, median sale prices, and the 10-year price trend for Interlochen are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.

Booking Insights

Booking-window and length-of-stay analysis for Interlochen — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.

Short-Term Rental Regulations

Interlochen short-term rentals are governed by Green Lake Township Ordinance No. 07122021.2, most recently revised January 9, 2024 (effective February 13, 2024). Any owner renting a dwelling for fewer than 30 nights must obtain an annual Short-Term Rental License from the Township Zoning Administrator before operating or advertising. A separate license is required for each dwelling. Licenses expire December 31 each year and may be renewed beginning October 1. The application requires owner and caretaker contact information, a floor plan, a parking site plan, and a well-and-septic inspection report (valid for 3 years) reviewed by the Grand Traverse County Health Department, which determines the allowed bedroom count for occupancy purposes. The application fee is set by the Township fee schedule and was not published in the ordinance text; confirm the current amount directly with Green Lake Township. Owner occupancy is not required and there is no primary-residence requirement or annual night cap. Occupancy is limited to 2 guests per legally conforming bedroom plus 2 guests age 15 and under, subject to septic capacity. Operating requirements include weekly trash service, quiet hours from 11pm to 7am, no on-street parking of vehicles, boats, or trailers, and a 24-hour caretaker who must be reachable by phone and within 30 minutes’ travel. The 6% Michigan state lodging tax applies and is typically collected and remitted by Airbnb and VRBO automatically. Enforcement is rated moderate. Grand Traverse County was debating a proposed local excise tax on lodging as of 2026, not yet enacted.

Market Comparison

Nationally, the median STR occupancy is near 55% and the median ADR is around $220. Interlochen’s April 2026 occupancy of 38.1% reflects deep shoulder-season conditions; the seasonal average climbs to 78.9% in July, well above national norms. The $233 ADR is modestly above the national median, reflecting a recreational destination premium without the extreme rates seen in coastal luxury markets. The investability score of 84.1 ranks Interlochen favorably among northern Michigan markets. On operator concentration, Vacasa leads with 179 listings and 5,712 reviews (rating 4.46), followed by Elevated Homes and Hospitality at 125 listings and 4,924 reviews (rating 4.78), and The Mitten Group Property Management at 109 listings and 9,508 reviews (rating 4.79). True North Property Management manages 107 properties (rating 4.56), and Evolve manages 94 listings (rating 4.76). The top five operators together manage 614 listings, approximately 11.9% of the total active market, indicating moderate professional management concentration with owner-operators still comprising the large majority. The Mitten Group’s 9,508 reviews across 109 listings reflects deep experience in this specific market.

Frequently Asked Questions About Interlochen, Michigan

What is the average daily rate for short-term rentals in Interlochen, MI?
Interlochen short-term rentals average $411 per night across all listing types. Nightly-rate breakdowns by property tier are available with StaySTRA Pro.
When is peak season for Interlochen STR rentals?
Occupancy in Interlochen peaks in Jul (79%) and is softest in Nov (29%). Month-by-month rate and revenue figures are available with StaySTRA Pro.
Do I need a permit to operate a short-term rental in Interlochen?
Yes. Green Lake Township requires an annual Short-Term Rental License under Ordinance No. 07122021.2 (revised February 2024) before advertising or renting. The application requires a floor plan, parking plan, and a well-and-septic inspection report reviewed by Grand Traverse County Health. The permit fee amount is set by the Township fee schedule; confirm the current amount with the Township directly. Licenses expire December 31 each year.
Is owner occupancy required for a Green Lake Township STR permit?
No. The Green Lake Township ordinance does not require owner occupancy or primary residence. There is also no annual night cap. The STR must be a dwelling (not an accessory dwelling unit) and each property requires its own license.
What is the typical home price in Interlochen for STR investment?
The Zillow typical home value in Interlochen was $368,514 as of April 2026. Only 15 homes were listed for sale at that snapshot, indicating a constrained inventory market. No median sale or list price data was available in our system.
What monthly revenue can I expect from an Interlochen STR?
Across all listing types, Interlochen short-term rentals average $6,344 per month. Breakdowns by property type, bedroom count, and season are available with StaySTRA Pro, or run a free address-level estimate with the StaySTRA Analyzer.
Who are the top property managers in Interlochen?
Vacasa leads with 179 listings and a 4.46 rating across 5,712 reviews. Elevated Homes and Hospitality manages 125 properties (rating 4.78), and The Mitten Group Property Management manages 109 listings with a 4.79 rating across 9,508 reviews. Together the top five operators manage approximately 614 listings, about 11.9% of the active market.
Interlochen, MichiganRev $6,344ADR $411Occ 64%Score C (60)

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Table of Contents

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Quick Facts: Traverse City market area

Avg Daily Rate
$411
Occupancy Rate
64%
Avg Revenue/Mo
$6,344
Interlochen Population
694

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