Three Rivers, MI Airbnb Market Data, Statistics, and Occupancy Rates

Three Rivers Short-Term Rental Market Overview

Three Rivers, MI earns a Standout Opportunity ROI score of 75 out of 100, driven primarily by an above-average revenue-to-price ratio and favorable supply/demand dynamics. With an average annual revenue of $36,053 against average home values of $374,941, investors can achieve meaningful yield in a small market with just 23 active listings. The area's strong lakefront and outdoor appeal fuels a pronounced summer peak, while the compact supply keeps competition manageable.

Key Market Statistics

According to Rabbu market data, the Three Rivers 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 Three Rivers

A strong revenue-to-price ratio combined with limited supply makes Three Rivers appealing for investors seeking yield in a leisure-driven lakefront market.

Expert Market Assessment

"Three Rivers presents a solid but seasonal investment opportunity, earning a Standout Opportunity designation with a 75/100 ROI score. The market's strength lies in its revenue-to-price ratio and favorable supply/demand balance, though occupancy stability is a noted weakness — the 26% average occupancy rate sits well below Michigan's 42% state average. Revenue swings dramatically from a winter low of $1,357 in February to a summer peak of $6,116 in July, so investors need to plan cash flow around a roughly five-month high season from May through September."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Three Rivers

Average revenue by month in Three Rivers

Revenue in Three Rivers follows a dramatic seasonal curve, peaking at $6,116 in July and bottoming at $1,357 in February — a nearly 4.5x spread. The five-month window from May through September generates the lion's share of annual income, making summer-focused pricing and availability optimization critical for maximizing returns.

Active Airbnb listings by property size in Three Rivers

The available property size data shows 10 active listings in the 3-bedroom category, which represents a substantial portion of the market's 23 total listings. Data for other bedroom counts is limited, which may signal either low supply in those segments or an opportunity for investors to differentiate with smaller or larger properties.

Average daily rate (ADR) by property size in Three Rivers

Three-bedroom properties in Three Rivers command an average daily rate of $256, slightly below the market-wide ADR of $267. This suggests that other property configurations in the market — potentially lakefront or larger homes not broken out individually — may be pulling the overall average higher.

Average RevPAN by property size in Three Rivers

Three-bedroom properties deliver a RevPAN of $71, closely tracking the market-wide average of $70. This indicates that 3-bedroom units are representative of the broader market's revenue efficiency and serve as a reliable benchmark for investment modeling in Three Rivers.

Average occupancy rates by property size in Three Rivers

Three-bedroom listings average 28% occupancy, slightly above the market-wide rate of 26%. While this is below Michigan's state average, the relatively higher nightly rates help compensate, and investors should expect to rely on summer months for the bulk of their booked nights.

Average monthly revenue by property size in Three Rivers

Three-bedroom properties generate an average of $2,842 per month, slightly below the market-wide average of $3,004. This positions them as solid earners, though properties with premium features like waterfront access may push above this average during peak summer months.

Average annual revenue by property size in Three Rivers

At $34,104 in average annual revenue, 3-bedroom properties deliver close to the overall market average of $36,053. Against an average home value of $374,941, this translates to a gross yield of roughly 9.1%, supporting the market's above-average revenue-to-price ratio designation.

Most common amenities for Airbnb listings in Three Rivers

Parking and kitchens are universal at 100% of listings, while BBQ grills and self check-in appear in 83% — signaling these are baseline guest expectations in Three Rivers. Lake access (65%) and waterfront location (57%) are notably common, confirming that proximity to water is a key demand driver and differentiator in this market.

Understanding Three Rivers's ROI Score: 75/100

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

Three Rivers earns a 75/100 ROI score, placing it in the Standout Opportunity band. The score is lifted by an above-average revenue-to-price ratio and favorable supply/demand balance, though occupancy stability scores below average due to the market's strong seasonal swings. Investors should pair these metrics with local regulatory research and factor in the winter income dip when modeling cash flow expectations.

Short-Term Rental Regulations in Three Rivers

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

Permit Requirements

Short-term rental operators in Three Rivers, Michigan may need to obtain a permit or register their property with local authorities before listing. Investors should verify current requirements directly with the City of Three Rivers and St. Joseph County, as regulations can evolve.

Key Restrictions

Common restrictions in Michigan STR markets include occupancy limits based on sleeping capacity, noise ordinances, parking requirements, and potential HOA covenants that may limit or prohibit short-term rentals. Some jurisdictions also impose minimum-stay requirements or caps on the number of permits issued, so it's worth confirming what applies locally before committing to a purchase.

Tax Obligations

Short-term rental hosts in Michigan are generally required to collect and remit state sales tax and any applicable local accommodations or tourism taxes. Platforms like Airbnb often handle a portion of tax collection on behalf of hosts, but operators should confirm their full obligations with the Michigan Department of Treasury.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Three Rivers is likely to see continued summer-driven demand with July and August revenues remaining the dominant income months. Listing growth has been notable — 64% year-over-year — so new supply could moderate occupancy if it outpaces demand. ADR may hold steady or edge up 1–3% as lakefront properties continue to attract premium-seeking guests, though winter occupancy will likely stay soft in the 15–20% range. Investors should budget conservatively for the November-through-March period and plan pricing strategies around the June–August window."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Three Rivers, MI

What is the average Airbnb occupancy rate in Three Rivers?

The average Airbnb occupancy rate in Three Rivers is currently 26%, which is below the Michigan state average of 42%. This reflects the market's strong seasonal nature — summer months see significantly higher bookings while winter months are much quieter. Three-bedroom properties, which make up the bulk of the supply, average 28% occupancy.

How much do Airbnb hosts make in Three Rivers?

Based on trailing 12-month data, Airbnb hosts in Three Rivers earn an average of $3,004 per month and approximately $36,053 per year. However, revenue is heavily seasonal — July brings in an average of $6,116 while February dips to around $1,357. Individual results vary depending on property location, amenities, and pricing strategy.

Is Three Rivers a good market for Airbnb investment?

Three Rivers scores 75 out of 100 on Rabbu's ROI Score, placing it in the Standout Opportunity category. The market benefits from an above-average revenue-to-price ratio and favorable supply/demand balance, with only 23 active listings. The main consideration is occupancy stability, which is below average due to pronounced seasonality. For investors comfortable with a summer-heavy income model, it can be a compelling option.

What is the average daily rate (ADR) for Airbnb in Three Rivers?

The average daily rate in Three Rivers is $267, which is below the Michigan state average of $350. Three-bedroom properties — the primary listing type — average $256 per night. While the ADR is lower than state averages, the relatively affordable home prices in the area help maintain a strong revenue-to-price ratio.

Are short-term rentals legal in Three Rivers?

Short-term rentals generally operate in Three Rivers, MI, though hosts may need to obtain permits or register with local authorities. Regulations can vary and evolve, so prospective investors should verify current rules with the City of Three Rivers and St. Joseph County before purchasing a property intended for STR use.

When is peak season for Airbnb in Three Rivers?

Peak season in Three Rivers runs from June through August, with July being the highest-earning month at an average of $6,116 in revenue. August follows closely at $5,720. The shoulder months of May and September also perform well relative to the rest of the year, generating around $3,200–$3,400. Winter months from January through March are the slowest period.

How many Airbnbs are there in Three Rivers?

There are currently 23 active Airbnb listings in Three Rivers as of April 2026. The market has seen 64% year-over-year growth in listings, though the total supply remains small. The available data shows that 3-bedroom properties make up a significant share of the inventory with 10 listings.

How is Airbnb revenue calculated in Three Rivers?

The annual and monthly revenue figures for Three Rivers are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the remaining data up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since 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 Three Rivers and surrounding areas
• Occupancy rates, average daily rates, and seasonal revenue trends based on trailing 12-month data
• Revenue and yield metrics including RevPAN, monthly revenue, and annual revenue by property size
• Home value data from the Zillow Home Value Index (ZHVI) for investment comparison
• Data from multiple providers combined and cleaned for consistency and accuracy

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. Local regulations and permit requirements may change; always verify with municipal authorities before investing. Individual property results will vary based on location, condition, amenities, pricing strategy, and management quality.