Last updated on May 24th, 2024
Best Places to Buy an Airbnb in Minnesota
Last updated on: 12th May, 2024
USA / Minnesota
We have gathered up all the important short-term rental indicators for you, so you don’t have to spend hours.
These are the 53 best places to start an Airbnb in Minnesota, with an average host revenue of $2.82K+/month. A typical listing is booked for 246 nights a year.
Our Methodologies Data explanations … Read More
Occupancy Rate: It tells how often was a typical active property occupied over the last 12 months? The formula is “number_of_booked_days / number_of_available_days”.
Average Daily Rate: How much did hosts in this market charge per day over the last 12 months? This does not include cleaning fees.
Revenue: What’s the median revenue a property in this market generated over the last 12 months? This Revenue figure represents the median over the past 12 months and does not include taxes, service fees, or additional guest fees.
Number of listings: It is the total active listings over the past 12 months.
How do we collect the data?
Airbtics’ primary data source is attained through a web scraping software that directly takes data points from Airbnb. We also have secondary data sources from Airbnb hosts via iCal or vacation rental managers.
Airbtics’ primary data source is attained through a web scraping software that directly takes data points from Airbnb. We also have secondary data sources from Airbnb hosts via iCal or vacation rental managers.
How accurate is the data?
Airbtics is dedicated to providing the most accurate data available in the market. Through the application of data science and machine learning algorithms, we train our various classifiers to consistently improve our data’s accuracy.
Airbtics is dedicated to providing the most accurate data available in the market. Through the application of data science and machine learning algorithms, we train our various classifiers to consistently improve our data’s accuracy.
In addition to this, we make predictions based on Airbnb’s total revenue and it is 97% correlated with Airbnb’s official statement.
Top Airbnb markets in Minnesota (with the highest Net Short Term Rental yields)
Duluth
Duluth, Minnesota, sits on the shores of Lake Superior and is known for its picturesque waterfront, historic architecture, and vibrant arts scene. Visitors can explore the charming canal park area, enjoy outdoor activities like hiking and kayaking, and indulge in the local food scene featuring fresh seafood and craft breweries.- Airbnb Occupancy Rate: 56%
- Average Daily Rate: $180
- Annual Revenue: $37,840
- Total Listings: 329
Rochester
Rochester, Minnesota, is famous for being the home of the renowned Mayo Clinic, attracting visitors from around the world seeking medical care. In addition to its healthcare facilities, Rochester offers cultural attractions, outdoor recreation opportunities, and a vibrant downtown area with shops and restaurants to explore.- Airbnb Occupancy Rate: 77%
- Average Daily Rate: $95
- Annual Revenue: $27,554
- Total Listings: 639
Minneapolis
Minneapolis, Minnesota, is a vibrant city known for its diverse art scene, beautiful parks, and numerous lakes. Tourists can explore world-class museums, enjoy live music and theater performances, and relax by the water while taking in the city skyline.- Airbnb Occupancy Rate: 64%
- Average Daily Rate: $120
- Annual Revenue: $28,521
- Total Listings: 1,875
Saint Paul
Saint Paul, Minnesota, is a charming city known for its historic architecture, vibrant arts scene, and diverse culinary offerings. Visitors can explore the Mississippi River waterfront, visit the famous Cathedral of Saint Paul, and immerse themselves in the rich culture of this lively Midwestern city.- Airbnb Occupancy Rate: 63%
- Average Daily Rate: $118
- Annual Revenue: $25,658
- Total Listings: 873
All Profitable Airbnb Markets to Invest in Minnesota
Hibbing, MN
Bemidji, MN
Shoreview, MN
Albert lea, MN
Grand marais, MN
Little falls, MN
Cloquet, MN
Austin, MN
Lake city, MN
Duluth, MN
Owatonna, MN
Eagan, MN
Fairmont, MN
Maplewood, MN
Fridley, MN
Burnsville, MN
Roseville, MN
Park rapids, MN
Edina, MN
Minnetonka, MN
Northfield, MN
Mankato, MN
New ulm, MN
Rochester, MN
Brooklyn park, MN
Apple valley, MN
Chaska, MN
Golden valley, MN
Two harbors, MN
Wabasha, MN
Chanhassen, MN
Hopkins, MN
Forest lake, MN
Minneapolis, MN
Stillwater, MN
Mound, MN
Winona, MN
Bloomington, MN
Maple grove, MN
Eden prairie, MN
Columbia heights, MN
Red wing, MN
Saint cloud, MN
Robbinsdale, MN
Breezy point, MN
Blaine, MN
Wayzata, MN
Richfield, MN
Plymouth, MN
Saint paul, MN
White bear lake, MN
