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Best Airbnb Markets in Minnesota

Last updated on May 24th, 2024

Best Airbnb Markets in Minnesota

Best Places to Buy an Airbnb in Minnesota

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Last updated on: 12th May, 2024

USA / Minnesota
82% of American responded that they only looked into one city before buying their first vacation rental property. However, by exploring multiple places, you can gain a broader understanding of the real estate landscape, potentially leading to more informed and profitable investment decisions.

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.
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.
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)

  1. 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
  2. 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
  3. 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
  4. 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-market-image
Hibbing, MN

Hibbing, MN

27 listings
59%
Airbnb
Occupancy Rate
$110
Average
Daily Rate
$26,988
Annual
Revenue
Bemidji-market-image
Bemidji, MN

Bemidji, MN

22 listings
62%
Airbnb
Occupancy Rate
$154
Average
Daily Rate
$37,260
Annual
Revenue
Shoreview-market-image
Shoreview, MN

Shoreview, MN

21 listings
62%
Airbnb
Occupancy Rate
$179
Average
Daily Rate
$45,625
Annual
Revenue
Albert Lea-market-image
Albert lea, MN

Albert lea, MN

40 listings
64%
Airbnb
Occupancy Rate
$75
Average
Daily Rate
$16,781
Annual
Revenue
Grand Marais-market-image
Grand marais, MN

Grand marais, MN

18 listings
65%
Airbnb
Occupancy Rate
$170
Average
Daily Rate
$53,135
Annual
Revenue
Little Falls-market-image
Little falls, MN

Little falls, MN

12 listings
53%
Airbnb
Occupancy Rate
$203
Average
Daily Rate
$43,994
Annual
Revenue
Cloquet-market-image
Cloquet, MN

Cloquet, MN

15 listings
53%
Airbnb
Occupancy Rate
$169
Average
Daily Rate
$34,414
Annual
Revenue
Ely-market-image
Ely, MN

Ely, MN

40 listings
60%
Airbnb
Occupancy Rate
$148
Average
Daily Rate
$33,538
Annual
Revenue
Austin-market-image
Austin, MN

Austin, MN

13 listings
54%
Airbnb
Occupancy Rate
$102
Average
Daily Rate
$19,346
Annual
Revenue
Lake City-market-image
Lake city, MN

Lake city, MN

27 listings
46%
Airbnb
Occupancy Rate
$259
Average
Daily Rate
$44,885
Annual
Revenue
Duluth-market-image
Duluth, MN

Duluth, MN

329 listings
56%
Airbnb
Occupancy Rate
$180
Average
Daily Rate
$37,840
Annual
Revenue
Owatonna-market-image
Owatonna, MN

Owatonna, MN

16 listings
80%
Airbnb
Occupancy Rate
$63
Average
Daily Rate
$18,106
Annual
Revenue
Eagan-market-image
Eagan, MN

Eagan, MN

41 listings
64%
Airbnb
Occupancy Rate
$206
Average
Daily Rate
$32,175
Annual
Revenue
Fairmont-market-image
Fairmont, MN

Fairmont, MN

18 listings
67%
Airbnb
Occupancy Rate
$84
Average
Daily Rate
$23,469
Annual
Revenue
Maplewood-market-image
Maplewood, MN

Maplewood, MN

29 listings
66%
Airbnb
Occupancy Rate
$123
Average
Daily Rate
$32,124
Annual
Revenue
Fridley-market-image
Fridley, MN

Fridley, MN

32 listings
67%
Airbnb
Occupancy Rate
$247
Average
Daily Rate
$57,776
Annual
Revenue
Burnsville-market-image
Burnsville, MN

Burnsville, MN

40 listings
66%
Airbnb
Occupancy Rate
$166
Average
Daily Rate
$43,554
Annual
Revenue
Roseville-market-image
Roseville, MN

Roseville, MN

35 listings
66%
Airbnb
Occupancy Rate
$189
Average
Daily Rate
$17,821
Annual
Revenue
Park Rapids-market-image
Park rapids, MN

Park rapids, MN

14 listings
46%
Airbnb
Occupancy Rate
$143
Average
Daily Rate
$27,201
Annual
Revenue
Edina-market-image
Edina, MN

Edina, MN

66 listings
59%
Airbnb
Occupancy Rate
$177
Average
Daily Rate
$34,682
Annual
Revenue
Minnetonka-market-image
Minnetonka, MN

Minnetonka, MN

70 listings
61%
Airbnb
Occupancy Rate
$204
Average
Daily Rate
$39,886
Annual
Revenue
Northfield-market-image
Northfield, MN

Northfield, MN

54 listings
61%
Airbnb
Occupancy Rate
$155
Average
Daily Rate
$36,280
Annual
Revenue
Mankato-market-image
Mankato, MN

Mankato, MN

36 listings
63%
Airbnb
Occupancy Rate
$127
Average
Daily Rate
$23,782
Annual
Revenue
New Ulm-market-image
New ulm, MN

New ulm, MN

25 listings
61%
Airbnb
Occupancy Rate
$110
Average
Daily Rate
$25,451
Annual
Revenue
Rochester-market-image
Rochester, MN

Rochester, MN

639 listings
77%
Airbnb
Occupancy Rate
$95
Average
Daily Rate
$27,554
Annual
Revenue
Brooklyn Park-market-image
Brooklyn park, MN

Brooklyn park, MN

53 listings
63%
Airbnb
Occupancy Rate
$177
Average
Daily Rate
$28,987
Annual
Revenue
Apple Valley-market-image
Apple valley, MN

Apple valley, MN

27 listings
46%
Airbnb
Occupancy Rate
$86
Average
Daily Rate
$12,402
Annual
Revenue
Chaska-market-image
Chaska, MN

Chaska, MN

47 listings
47%
Airbnb
Occupancy Rate
$600
Average
Daily Rate
$36,055
Annual
Revenue
Golden Valley-market-image
Golden valley, MN

Golden valley, MN

60 listings
58%
Airbnb
Occupancy Rate
$196
Average
Daily Rate
$35,207
Annual
Revenue
Two Harbors-market-image
Two harbors, MN

Two harbors, MN

63 listings
59%
Airbnb
Occupancy Rate
$196
Average
Daily Rate
$42,412
Annual
Revenue
Wabasha-market-image
Wabasha, MN

Wabasha, MN

45 listings
29%
Airbnb
Occupancy Rate
$156
Average
Daily Rate
$17,319
Annual
Revenue
Chanhassen-market-image
Chanhassen, MN

Chanhassen, MN

41 listings
59%
Airbnb
Occupancy Rate
$450
Average
Daily Rate
$49,080
Annual
Revenue
Hopkins-market-image
Hopkins, MN

Hopkins, MN

25 listings
71%
Airbnb
Occupancy Rate
$92
Average
Daily Rate
$33,876
Annual
Revenue
Forest Lake-market-image
Forest lake, MN

Forest lake, MN

35 listings
58%
Airbnb
Occupancy Rate
$271
Average
Daily Rate
$49,849
Annual
Revenue
Minneapolis-market-image
Minneapolis, MN

Minneapolis, MN

1,875 listings
64%
Airbnb
Occupancy Rate
$120
Average
Daily Rate
$28,521
Annual
Revenue
Stillwater-market-image
Stillwater, MN

Stillwater, MN

57 listings
53%
Airbnb
Occupancy Rate
$239
Average
Daily Rate
$47,069
Annual
Revenue
Mound-market-image
Mound, MN

Mound, MN

24 listings
65%
Airbnb
Occupancy Rate
$193
Average
Daily Rate
$46,960
Annual
Revenue
Winona-market-image
Winona, MN

Winona, MN

75 listings
57%
Airbnb
Occupancy Rate
$119
Average
Daily Rate
$25,213
Annual
Revenue
Bloomington-market-image
Bloomington, MN

Bloomington, MN

36 listings
75%
Airbnb
Occupancy Rate
$103
Average
Daily Rate
$18,028
Annual
Revenue
Maple Grove-market-image
Maple grove, MN

Maple grove, MN

36 listings
66%
Airbnb
Occupancy Rate
$275
Average
Daily Rate
$46,333
Annual
Revenue
Eden Prairie-market-image
Eden prairie, MN

Eden prairie, MN

77 listings
66%
Airbnb
Occupancy Rate
$150
Average
Daily Rate
$23,914
Annual
Revenue
Columbia Heights-market-image
Columbia heights, MN

Columbia heights, MN

35 listings
71%
Airbnb
Occupancy Rate
$71
Average
Daily Rate
$16,727
Annual
Revenue
Red Wing-market-image
Red wing, MN

Red wing, MN

28 listings
54%
Airbnb
Occupancy Rate
$172
Average
Daily Rate
$36,051
Annual
Revenue
Saint Cloud-market-image
Saint cloud, MN

Saint cloud, MN

39 listings
65%
Airbnb
Occupancy Rate
$87
Average
Daily Rate
$17,711
Annual
Revenue
Robbinsdale-market-image
Robbinsdale, MN

Robbinsdale, MN

32 listings
56%
Airbnb
Occupancy Rate
$145
Average
Daily Rate
$31,863
Annual
Revenue
Breezy Point-market-image
Breezy point, MN

Breezy point, MN

53 listings
50%
Airbnb
Occupancy Rate
$351
Average
Daily Rate
$57,139
Annual
Revenue
Blaine-market-image
Blaine, MN

Blaine, MN

67 listings
56%
Airbnb
Occupancy Rate
$187
Average
Daily Rate
$36,601
Annual
Revenue
Wayzata-market-image
Wayzata, MN

Wayzata, MN

18 listings
70%
Airbnb
Occupancy Rate
$349
Average
Daily Rate
$78,777
Annual
Revenue
Richfield-market-image
Richfield, MN

Richfield, MN

112 listings
65%
Airbnb
Occupancy Rate
$159
Average
Daily Rate
$29,381
Annual
Revenue
Plymouth-market-image
Plymouth, MN

Plymouth, MN

85 listings
59%
Airbnb
Occupancy Rate
$200
Average
Daily Rate
$26,571
Annual
Revenue
Saint Paul-market-image
Saint paul, MN

Saint paul, MN

873 listings
63%
Airbnb
Occupancy Rate
$118
Average
Daily Rate
$25,658
Annual
Revenue
White Bear Lake-market-image
White bear lake, MN

White bear lake, MN

33 listings
62%
Airbnb
Occupancy Rate
$175
Average
Daily Rate
$36,234
Annual
Revenue
Grand Rapids-market-image
Grand rapids, MN

Grand rapids, MN

25 listings
47%
Airbnb
Occupancy Rate
$153
Average
Daily Rate
$23,782
Annual
Revenue

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