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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Evart offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Evart, MI is a small but noteworthy short-term rental market where favorable property prices create an above-average revenue-to-price ratio for investors. With an average annual revenue of $27,783 against average home values of $285,262, the yield dynamics here outperform many Michigan peers. The market is intimate — just 16 active listings — which keeps competition low, and the presence of lake access and outdoor amenities points to a leisure-driven demand base centered on Michigan's natural recreation.
According to Rabbu market data, the Evart short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 16 |
| Average Daily Rate (ADR) | vs. $350 state avg. | $393 |
| Average Occupancy Rate | vs. 42% state avg. | 24% |
| RevPAN | ADR * Occupancy Rate | $94 |
| Average Monthly Revenue | Historical 12-month average | $2,315 |
| Average Annual Revenue | Historical 12-month average | $27,783 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Investors are drawn to Evart for its strong revenue-to-price ratio and limited competition in a recreation-oriented Michigan market.
Key investment factors
"Evart presents an attractive, if niche, investment opportunity. The ROI score of 72 out of 100 reflects a favorable revenue-to-price dynamic and healthy supply/demand balance, offset by below-average market growth trends and moderate occupancy stability. Seasonality is pronounced — July revenue of $4,519 is more than triple April's $1,358 — so investors should budget for leaner shoulder and winter months. For buyers comfortable with a seasonal cash-flow profile and modest listing counts, Evart offers meaningful yield potential at a relatively low entry cost."
— Rabbu Market Analysis Team
Evart's revenue peaks sharply in July at $4,519 and stays elevated in August at $3,540, while April ($1,358) and December ($1,784) represent the softest months. This 3:1 spread between peak and trough underscores a strongly seasonal market where summer months will carry the bulk of annual returns.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,857 |
| February |
|
$2,576 |
| March |
|
$1,804 |
| April |
|
$1,358 |
| May |
|
$1,957 |
| June |
|
$2,181 |
| July |
|
$4,519 |
| August |
|
$3,540 |
| September |
|
$2,224 |
| October |
|
$1,840 |
| November |
|
$2,138 |
| December |
|
$1,784 |
The entire trackable supply consists of 2-bedroom properties, with 6 active listings in that category. This concentrated inventory suggests either an underserved opportunity for larger or smaller configurations, or that the market's housing stock skews heavily toward cabin-style 2-bedroom properties.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
6 |
Two-bedroom listings command an ADR of $190, which is notably lower than the market-wide average of $393. The gap suggests that higher-end or uniquely positioned properties (possibly waterfront or amenity-rich) are pulling the overall ADR significantly upward.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$190 |
Two-bedroom properties deliver a RevPAN of $55, reflecting the combination of a $190 ADR and 29% occupancy. While modest, this figure paired with lower acquisition costs can still translate to acceptable yields for budget-conscious investors.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$55 |
Two-bedroom listings average 29% occupancy, slightly above the market-wide 24% average. This indicates that 2-bedroom units capture a larger share of available bookings, though overall occupancy remains seasonal and well below Michigan's state average.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
29% |
Two-bedroom properties generate an average of $2,662 per month, outpacing the market-wide monthly average of $2,315. This positions the 2-bedroom segment as the most reliable revenue generator in what is currently a single-segment market.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$2,662 |
At $31,945 in annual revenue, 2-bedroom listings outperform the overall market average of $27,783. Against average home values of $285,262, this translates to a gross yield of roughly 11.2%, which is a compelling figure for investors evaluating cash-flow potential.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$31,945 |
Parking (100%), kitchens (94%), BBQ grills (81%), and outdoor furniture (81%) dominate the amenity landscape, signaling a guest base that prioritizes self-sufficient, outdoor-oriented stays. Lake access and waterfront amenities appear in 38% of listings, and pet-friendliness at 56% suggests that catering to families and pet owners is an important differentiator in this market.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
100% |
| Kitchen |
|
94% |
| BBQ Grill |
|
81% |
| Outdoor Furniture |
|
81% |
| Dryer |
|
75% |
| Washer |
|
75% |
| Backyard |
|
69% |
| Patio or Balcony |
|
69% |
| Self Check-in |
|
69% |
| Pets |
|
56% |
| Hot Tub |
|
38% |
| Lake Access |
|
38% |
| Waterfront |
|
38% |
| Workspace |
|
31% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Evart Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Below average | 15% |
| Supply/Demand Balance | Above average | 15% |
Evart's ROI score of 72 out of 100 places it in the 'Attractive Opportunity' band, driven primarily by an above-average revenue-to-price ratio and a favorable supply/demand balance that rewards early entrants. Occupancy stability scores as average and market growth trends rate below average, reflecting the seasonal nature of demand and the rapid recent supply increase. Pairing this score with local regulatory research and a conservative cash-flow model will give investors the clearest picture of Evart's true potential.
Understanding local STR regulations is essential before investing in Evart. Here's the current regulatory landscape:
Short-term rental operators in Evart, Michigan may need to obtain a permit or register their property with local authorities. Investors should verify current requirements with Osceola County and the City of Evart before listing a property.
Common STR restrictions in Michigan communities can include occupancy limits, minimum stay requirements, noise ordinances, parking regulations, and HOA covenants that may prohibit or limit rentals. It's important to review any applicable zoning rules and neighborhood-specific restrictions before purchasing.
Michigan requires STR operators to collect and remit state sales tax and any applicable local lodging or use taxes. Many booking platforms handle collection automatically, but hosts should confirm their obligations with the Michigan Department of Treasury to ensure full compliance.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Evart can provide current regulatory guidance.
Financing an Airbnb investment in Evart requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Evart's STR market is expected to maintain its seasonal rhythm, with July and August continuing to drive the bulk of annual revenue. ADR may see modest movement in the range of 1–3% as the supply base, which grew 171% year-over-year, begins to stabilize. Occupancy — currently at 24% against a 42% state average — could edge upward as newer listings mature and optimize their pricing, though investors should plan conservatively around occupancy in the 22–28% range for the near term."
— 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 Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and current market conditions as of April 2026; actual results may differ. Local regulations, permit requirements, and tax obligations are subject to change — investors should verify with local authorities before purchasing.
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