Best Vacation Rental Management in Grand Rapids, Michigan

Yes. Grand Rapids requires a license, administered by City Planning, with a $518 initial fee. The city's ordinance also requires owner-occupancy — owners must both live in and own the property. Overall, regulation status here is strict.

Market-wide, the average listing earns about $42,249 a year, with a median of $44,210. The top quartile earns about $58,515, and the top tenth reaches $75,304.

Occupancy in Grand Rapids averages 50.77%, about 3.2 points below the Michigan benchmark.

Nightly rates vary by size: studios average $126.97 and one-bedrooms $151.42, up through $245.51 for three-bedrooms, $281.46 for four-bedrooms, and $392.70 for five-bedroom homes.

Grand Rapids scores 84 — strong tier — with a gross yield of 12.05%, about 6 points above the Michigan benchmark of 6.1%. Typical home value (Zillow index) runs about $350,500, across a market with 365 active listings.

Grand Rapids regulates short-term rentals as a home occupation under Title VII Ch. 116 (Class B/C) plus Ch. 8 of the Housing Code, adopted in 2023 and enforced by City Planning. A license costs $518 to start and $160 to renew, and owner-occupancy is required — owners must both live in and own the property. Regulation status here is strict, with roughly 200 permits issued citywide.

July is the highest-revenue month in Grand Rapids, and February is the lowest. July revenue runs about 2.37 times February's.

Five-bedroom properties earn the most on average — about $70,965 a year at a $392.70 ADR — followed by four-bedrooms at $51,393 and a $281.46 ADR. Occupancy stays about the same across sizes, roughly 50% to 51%.

Grand Rapids properties earn a gross yield of about 12.05%, roughly 6 points above the Michigan benchmark of 6.1%.

Revenue varies along two separate dimensions here. By bedroom count, average annual revenue ranges from about $23,380 for studios to $70,965 for five-bedroom homes. Separately, market-wide performance spans its own range: the average listing earns about $42,249 a year, the top quartile $58,515, and the top tenth $75,304 — market-wide averages across every listing, most of them self-managed by owner-operators, without professional pricing or multi-channel distribution.

ROAM prices full-service vacation rental management in Grand Rapids as one transparent, per-property structure — [start with a revenue assessment](https://roammgmt.com/get-started/) to see the numbers for your home.

ROAM is a Michigan vacation rental management company operating across the state, including Grand Rapids — offering full-service Airbnb management with dynamic pricing, multi-channel distribution, and professional day-to-day operations.

The average Grand Rapids vacation rental earns approximately $45,116 per year, based on current market data. Properties managed by ROAM typically outperform the market average by 30-50% through optimized pricing, professional photography, and listing optimization.

Yes, Grand Rapids requires a short-term rental permit. The annual fee is $518. ROAM handles all permit applications and renewals for managed properties.

ROAM offers competitive management packages with transparent pricing. Our fees are structured to align our success with yours — we earn more when your property earns more. Visit our packages page for current pricing.

ROAM combines local Michigan expertise with proprietary technology (Signal) for listing optimization and dynamic pricing. Unlike national platforms, we have boots on the ground in your market and treat every property as our own.