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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Bellaire presents a competitive opportunity: investor interest and demand are strong, but higher prices or tighter competition may require more selective deal sourcing.
Bellaire, MI is a seasonal lakeside market in northern Michigan where short-term rentals generate an average of $40,892 in annual revenue against an average home value of $652,855. The market currently hosts 222 active Airbnb listings with a sharp summer peak—July revenues top $9,540 per listing—but occupancy averages just 25%, well below the 42% state average. With a 136% year-over-year increase in active listings, competition is intensifying, making selective deal sourcing essential for investors looking to enter this market.
According to Rabbu market data, the Bellaire short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 222 |
| Average Daily Rate (ADR) | vs. $350 state avg. | $328 |
| Average Occupancy Rate | vs. 42% state avg. | 25% |
| RevPAN | ADR * Occupancy Rate | $82 |
| Average Monthly Revenue | Historical 12-month average | $3,407 |
| Average Annual Revenue | Historical 12-month average | $40,892 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Bellaire attracts investors seeking vacation-rental income in a scenic northern Michigan lake market, though rising supply and pronounced seasonality call for careful property selection.
Key investment factors
"Bellaire presents a competitive opportunity where strong summer demand collides with a rapidly expanding supply base. The market's pronounced seasonality—peak months in July and August generate five to nine times the revenue of slower months like April—means cash-flow planning is critical. Properties with five or more bedrooms and appealing amenities like lake access, hot tubs, and outdoor spaces are the clear revenue leaders, pulling in $95K+ annually. Investors who target larger, well-appointed lakefront homes and price strategically through shoulder months will be best positioned to outperform the market average."
— Rabbu Market Analysis Team
Bellaire's revenue is heavily summer-weighted, with July ($9,540) and August ($8,929) delivering roughly 45% of total annual income combined. The off-season trough spans November through April, bottoming out at $1,026 in April—a nearly 9:1 ratio between peak and low months that investors must plan around.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,921 |
| February |
|
$2,330 |
| March |
|
$1,342 |
| April |
|
$1,026 |
| May |
|
$2,168 |
| June |
|
$4,192 |
| July |
|
$9,540 |
| August |
|
$8,929 |
| September |
|
$3,738 |
| October |
|
$2,507 |
| November |
|
$1,294 |
| December |
|
$1,899 |
Three-bedroom homes dominate supply with 66 listings, followed by 2-bedrooms (43) and 4-bedrooms (36). Studios (18) and 6+ bedroom properties (7) are the least represented, suggesting potential opportunities for investors willing to target either the budget or large-group segments where competition is thinner.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
18 |
| 1 bedroom |
|
32 |
| 2 bedrooms |
|
43 |
| 3 bedrooms |
|
66 |
| 4 bedrooms |
|
36 |
| 5 bedrooms |
|
20 |
| 6+ bedrooms |
|
7 |
ADR climbs steeply with size, from $141 for 1-bedrooms all the way to $783 for 6+ bedroom properties. The jump from 3-bedroom ($339) to 4-bedroom ($457) represents a compelling premium, and 5-bedroom listings at $546 offer strong nightly rates without the operational complexity of the largest homes.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$158 |
| 1 bedroom |
|
$141 |
| 2 bedrooms |
|
$240 |
| 3 bedrooms |
|
$339 |
| 4 bedrooms |
|
$457 |
| 5 bedrooms |
|
$546 |
| 6+ bedrooms |
|
$783 |
RevPAN scales strongly through the 5-bedroom tier, which leads the market at $195 per available night—nearly four times the studio and 1-bedroom rate of $26. Interestingly, 6+ bedroom properties dip to $180 in RevPAN despite their higher ADR, suggesting that lower occupancy partially offsets their rate premium.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$26 |
| 1 bedroom |
|
$26 |
| 2 bedrooms |
|
$50 |
| 3 bedrooms |
|
$98 |
| 4 bedrooms |
|
$125 |
| 5 bedrooms |
|
$195 |
| 6+ bedrooms |
|
$180 |
Five-bedroom properties post the highest occupancy at 36%, while studios and 1-bedrooms lag at 17–19%. Across all sizes, occupancy remains well below the state average, underscoring that Bellaire's market is heavily seasonal and that even the best-performing property types have significant vacancy during off-peak months.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
17% |
| 1 bedroom |
|
19% |
| 2 bedrooms |
|
21% |
| 3 bedrooms |
|
29% |
| 4 bedrooms |
|
27% |
| 5 bedrooms |
|
36% |
| 6+ bedrooms |
|
23% |
Monthly revenue rises dramatically with bedroom count, from $1,042 for 1-bedrooms to $9,581 for 6+ bedroom properties. The 5-bedroom tier at $7,944 per month offers a strong balance of high revenue and relatively manageable competition, with only 20 active listings in that category.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$1,212 |
| 1 bedroom |
|
$1,042 |
| 2 bedrooms |
|
$2,575 |
| 3 bedrooms |
|
$3,608 |
| 4 bedrooms |
|
$5,335 |
| 5 bedrooms |
|
$7,944 |
| 6+ bedrooms |
|
$9,581 |
Annual revenue ranges from $12,505 for 1-bedroom listings to $114,981 for 6+ bedroom properties, with a clear inflection point at the 4-bedroom tier ($64,022). Investors targeting properties with 4 or more bedrooms can expect roughly $64K–$115K in annual revenue, which significantly improves the return calculus against Bellaire's $652,855 average home price.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$14,546 |
| 1 bedroom |
|
$12,505 |
| 2 bedrooms |
|
$30,903 |
| 3 bedrooms |
|
$43,303 |
| 4 bedrooms |
|
$64,022 |
| 5 bedrooms |
|
$95,337 |
| 6+ bedrooms |
|
$114,981 |
Parking (98%) and a kitchen (93%) are table-stakes amenities in Bellaire, while self check-in (86%) and patio or balcony access (82%) also appear on the vast majority of listings. Outdoor-oriented amenities like BBQ grills (63%), pools (59%), and lake access (32%) are notable differentiators that align with the market's vacation character—properties lacking these features may struggle to compete.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
98% |
| Kitchen |
|
93% |
| Self Check-in |
|
86% |
| Patio or Balcony |
|
82% |
| Washer |
|
73% |
| Dryer |
|
71% |
| Outdoor Furniture |
|
69% |
| BBQ Grill |
|
63% |
| Pool |
|
59% |
| Backyard |
|
55% |
| Hot Tub |
|
47% |
| Workspace |
|
47% |
| Lake Access |
|
32% |
| Pets |
|
28% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Bellaire Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Below average | 15% |
Bellaire's ROI Score of 49 out of 100 places it in the Competitive Opportunity band, meaning investor interest and vacation demand are real but rising supply and seasonal occupancy patterns tighten the margin for error. Revenue-to-Price Ratio and Occupancy Stability both rate as Average, while Supply/Demand Balance scores Below Average—reflecting the 136% surge in new listings over the past year. Pairing this data with thorough local regulatory research and targeting higher-bedroom properties with standout amenities will be key to sourcing deals that outperform the market.
Understanding local STR regulations is essential before investing in Bellaire. Here's the current regulatory landscape:
Short-term rental operators in Bellaire and Antrim County, Michigan may need to obtain a local STR permit or registration before listing a property. Investors should verify current requirements directly with the Bellaire village offices and the Michigan Department of Licensing and Regulatory Affairs, as rules can change.
Common restrictions in Michigan lake communities can include occupancy limits tied to bedroom count, minimum stay requirements during peak season, noise and quiet-hour provisions, and parking caps per property. HOA or lakefront association rules may impose additional limitations, so reviewing covenants before purchasing is strongly recommended.
Michigan requires collection of a 6% state use tax and, in many areas, a local lodging or accommodation excise tax on short-term rental stays. Platforms like Airbnb often collect and remit state-level taxes on behalf of hosts, but operators should confirm local obligations with Antrim County or their tax advisor.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Bellaire can provide current regulatory guidance.
Financing an Airbnb investment in Bellaire requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Bellaire's summer-driven demand pattern is likely to hold, with July and August continuing to anchor the majority of annual income. ADR may see modest upward pressure in the $330–$345 range given the area's appeal to vacationers, though the rapid 136% growth in listings could temper occupancy gains. Investors should plan for occupancy in the 23–28% range market-wide and budget conservatively for the November-through-April shoulder months when monthly revenues often dip below $2,000. Larger properties with lake access and premium amenities are best positioned to capture share in what is becoming a more crowded field."
— Rabbu Market Analysis Team
Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.
Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month historical performance and market conditions as of April 2026; actual results will vary based on property-specific factors, pricing strategy, and management. Local regulations, tax obligations, and permit requirements may change; investors should verify current rules with Bellaire and Antrim County authorities before purchasing.
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