Iron Mountain, MI Airbnb Market Data, Statistics, and Occupancy Rates

Iron Mountain Short-Term Rental Market Overview

Iron Mountain, MI presents an intriguing small-market opportunity for short-term rental investors drawn to Michigan's Upper Peninsula. With just 16 active Airbnb listings and an average daily rate of $156—well below the $331,007 average home value—the revenue-to-price ratio sits at an average level, while limited competition creates a favorable supply/demand dynamic. Annual revenue averages $23,965 based on trailing 12-month data, and the market's outdoor recreation appeal drives clear seasonal peaks that reward operators who price strategically.

Key Market Statistics

According to Rabbu market data, the Iron Mountain short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.

Why Investors Consider Iron Mountain

Investors are drawn to Iron Mountain for its low competition, affordable entry points relative to Michigan's broader market, and strong summer–fall tourism demand tied to outdoor recreation.

Expert Market Assessment

"Iron Mountain represents a moderate-opportunity market where the economics favor investors comfortable with pronounced seasonality. Revenue peaks sharply from June through October—August and October both exceed $3,200 in average monthly revenue—while winter months like January bottom out near $607. The above-average supply/demand balance and reasonable property prices create room for well-positioned listings to outperform, but below-average occupancy stability means cash-flow planning should account for extended slower periods."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Iron Mountain

Average revenue by month in Iron Mountain

Iron Mountain's revenue profile is heavily seasonal, with August ($3,821) and October ($3,226) delivering more than five times the revenue of the slowest month, January ($607). Investors should expect a strong earning window from June through October and plan for significantly leaner winter months.

Active Airbnb listings by property size in Iron Mountain

The market's 16 active listings split between 1-bedroom (5 listings) and 2-bedroom (7 listings) properties, with no larger configurations represented in the data. This concentrated supply could signal an opportunity for investors willing to offer 3+ bedroom homes that accommodate larger groups.

Average daily rate (ADR) by property size in Iron Mountain

ADR scales meaningfully with size: 2-bedroom listings command $157 per night compared to $110 for 1-bedroom units, a 43% premium. The jump suggests guests are willing to pay significantly more for the extra space, making 2-bedroom configurations the stronger pricing play.

Average RevPAN by property size in Iron Mountain

Two-bedroom properties deliver a RevPAN of $35 versus $28 for 1-bedroom units, reflecting both higher nightly rates and competitive occupancy. This 25% RevPAN advantage makes 2-bedroom listings the more efficient revenue generators in Iron Mountain.

Average occupancy rates by property size in Iron Mountain

One-bedroom listings edge out 2-bedroom properties on occupancy at 26% versus 22%, though both remain well below the state average of 42%. The modest gap suggests that while smaller units book slightly more frequently, neither size achieves the consistent fill rates needed for highly stable cash flow.

Average monthly revenue by property size in Iron Mountain

Two-bedroom properties earn an average of $2,509 per month—roughly 64% more than the $1,528 generated by 1-bedroom units. The revenue gap is driven primarily by the higher ADR that 2-bedroom listings command, more than offsetting their slightly lower occupancy.

Average annual revenue by property size in Iron Mountain

On an annual basis, 2-bedroom listings generate $30,108 compared to $18,347 for 1-bedroom properties, a difference of nearly $12,000. For investors weighing acquisition costs against revenue potential, 2-bedroom configurations offer meaningfully stronger return prospects in this market.

Most common amenities for Airbnb listings in Iron Mountain

Kitchens and parking are universal at 100% of listings, while washers (94%) and self check-in (88%) are near-standard—signaling these are baseline expectations rather than differentiators. Outdoor-oriented amenities like BBQ grills (69%), backyards (63%), and lake access (25%) align with the market's recreation-focused guest profile and represent opportunities to stand out.

Understanding Iron Mountain's ROI Score: 59/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Iron Mountain's ROI Score of 59 out of 100 places it in the Attractive Opportunity band, reflecting a market where revenue relative to property prices is average and supply/demand conditions favor hosts due to very limited competition. However, below-average occupancy stability and market growth trends temper the overall score, pointing to seasonal revenue concentration that requires careful budgeting. Investors should pair this data with thorough local regulatory research and conservative underwriting to account for the quieter winter months.

Short-Term Rental Regulations in Iron Mountain

Understanding local STR regulations is essential before investing in Iron Mountain. Here's the current regulatory landscape:

Permit Requirements

Short-term rental operators in Iron Mountain, MI should verify whether a local STR permit or registration is required through the city and Dickinson County offices. Michigan does not impose a statewide STR licensing framework, so requirements can vary at the municipal level.

Key Restrictions

Common restrictions that may apply include occupancy limits, minimum stay requirements, noise ordinances, and parking provisions. Investors should also check whether any HOA covenants or zoning overlays in specific neighborhoods limit or prohibit short-term rental activity.

Tax Obligations

Michigan levies a 6% state use tax on short-term accommodations, and local jurisdictions may impose additional lodging or tourism taxes. Platforms like Airbnb often collect and remit these taxes automatically, but hosts should confirm their specific obligations with local tax authorities.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Iron Mountain can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Iron Mountain's STR market is likely to see continued seasonal swings, with summer and early fall months generating the lion's share of revenue—August alone averaged $3,821 in monthly revenue. Occupancy, currently at 21% against a 42% state average, may edge upward modestly as the listing base matures, though investors should plan for winter soft periods where monthly revenue can dip below $700. ADR could see incremental gains of 2–5% as demand catches up with the still-limited supply, though market growth trends are projected to remain below average in the near term."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Iron Mountain, MI

What is the average Airbnb occupancy rate in Iron Mountain?

The average Airbnb occupancy rate in Iron Mountain is currently 21%, which trails the Michigan state average of 42%. Occupancy varies by property size, with 1-bedroom listings averaging 26% and 2-bedroom properties at 22%. The lower overall rate reflects the market's strong seasonality, with peak demand concentrated in summer and early fall months.

How much do Airbnb hosts make in Iron Mountain?

Based on trailing 12-month booking data, Airbnb hosts in Iron Mountain earn an average of $1,997 per month, or roughly $23,965 annually. Two-bedroom properties tend to outperform, generating about $2,509 monthly ($30,108 annually), while 1-bedroom units average $1,528 per month ($18,347 annually). Revenue varies significantly by season, with August being the top-earning month at $3,821.

Is Iron Mountain a good market for Airbnb investment?

Iron Mountain carries a Rabbu ROI Score of 59 out of 100, classified as an Attractive Opportunity. The market benefits from a favorable supply/demand balance with only 16 active listings and reasonable home values averaging $331,007. However, below-average occupancy stability and market growth trends mean investors should plan for seasonal revenue swings and build conservative cash-flow projections.

What is the average daily rate (ADR) for Airbnb in Iron Mountain?

The average daily rate in Iron Mountain is $156, which is significantly below the Michigan state average of $350. ADR varies by property size: 1-bedroom listings average $110 per night, while 2-bedroom properties command $157. These rates reflect Iron Mountain's positioning as an affordable Upper Peninsula destination rather than a luxury market.

Are short-term rentals legal in Iron Mountain?

Short-term rentals generally operate in Iron Mountain, MI, but investors should verify current permit, zoning, and registration requirements directly with the City of Iron Mountain and Dickinson County. Local regulations can change, so it's important to confirm compliance before purchasing or listing a property. Michigan does not have a blanket statewide STR ban, but municipal-level rules may apply.

When is peak season for Airbnb in Iron Mountain?

Peak season in Iron Mountain runs from June through October, with August generating the highest average monthly revenue at $3,821, followed by October at $3,226 and June at $3,150. The off-peak season stretches from November through April, with January being the slowest month at just $607 in average revenue. This pronounced seasonality is typical of Upper Peninsula vacation markets.

How many Airbnbs are there in Iron Mountain?

As of April 2026, there are 16 active Airbnb listings in Iron Mountain. The supply is concentrated in smaller property sizes, with 7 two-bedroom listings and 5 one-bedroom listings making up the bulk of inventory. Year-over-year listing growth of 157% indicates the market is attracting new host interest, though total supply remains very limited.

How is Airbnb revenue calculated in Iron Mountain?

The annual and monthly revenue figures for Iron Mountain are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market—not a forward-looking projection. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the remainder up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently rather than to forecasts, while still naturally reflecting seasonal peaks and slower months because each month uses its own historical performance. Individual results can vary based on property quality, pricing strategy, and operational management.

About Rabbu Market Data

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.

What this data includes

• Regularly updated active Airbnb and STR listing counts for the Iron Mountain market
• Average daily rate, occupancy, and RevPAN metrics by property size
• Monthly and annual revenue trends based on trailing 12-month booking data
• Home value estimates sourced from the Zillow Home Value Index (ZHVI)
• Amenity prevalence data across active listings in the market

Sources and disclaimers

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 as of April 2026 and may not capture very recent market shifts. Local regulations and tax requirements are subject to change; investors should verify compliance with municipal authorities before purchasing.