Is it profitable to do Airbnb in Minneapolis, The United States?
What is the occupancy rate of Airbnb in Minneapolis, The United States?
What is the average daily rate of Airbnb in Minneapolis, The United States?
The United States / Minneapolis
Minneapolis, Airbnb Market Statistics & Data, The United States
A typical short-term rental listing in Minneapolis is booked for 245 nights a year, with a median occupancy rate of 67% and an average daily rate of $118. In 2023, a typical host income (annual revenue) was $28K. As of 12th September, 2024, there are 1,655 active Airbnb listings.
Average Revenue: $28K/yr
Occupancy Rate
67%
Avg Daily Rate
$118
Mid Scale
No. of Listings
2,187
Medium
YoY Revenue Change
4.82%
Best Month
July
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
$1,555
Average
$2,353
High
$2,989
Is Airbnb Profitable in Minneapolis?
Yes, there is good short-term rental demand. A 67% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Tip! investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rental investment typically is double the amount of traditional rentals.
Starting an Airbnb in Minneapolis
Short-term rental regulation is lenient in Minneapolis. Very few Airbnb listing currently have put their license number on their Airbnb listing. This likely means the local government is not strictly enforcing the short-term rental-related regulations.
We made a guide on things you need to know before starting an Airbnb in The United States, learn how much it costs to start an Airbnb and if it’s profitable to start an Airbnb.
Average Airbnb Occupancy Rate in Minneapolis
A typical listing recorded a 67% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 4.38% of the guests are international guests, and visitors from United states is the largest group. Learn more about guest origin!.
You can find the distribution graph of daily rate and revenue in our market dashboard.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 67%
1,655 Active Listings
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Explore Minneapolis's Airbnb Data ⟶
Best Areas in Minneapolis for Airbnb
Are you wondering where to invest in Minneapolis? Look no further!
- Downtown Minneapolis
- Minnehaha Park
- Lake Calhoun
- Walker Art Center
- Mall of America
- Chain of Lakes
- Mill City Museum
- Guthrie Theater
- Target Field
- Stone Arch Bridge
Top demand Airbnb in Minneapolis
Airbtics has been tracking all Airbnb listings since 2019. This allows us to understand interesting metrics, like which properties earn the most in the market. Here are our top picks. Go to the app to find detailed information about 1,655 listings.
See 1,655 listing Statistics
Professional Short-term rental property managers in Minneapolis
We've compiled a list of host profiles that manage the most Airbnb properties in Minneapolis. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Minneapolis
Here is a breakdown of short-let properties in Minneapolis. You might wonder about more specific data before buying an Airbnb property. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
Property Size
Amenities
Property Type
Cancelation Policy Type
By Channel Type