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Top Airbnb Markets in Minnesota
Awning's ranking of the best places for Airbnb investing in Minnesota.
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State
Market size
Avg. Airbnb Price
Sort: Highest ROI
1
Tofte, MN

Tofte, MN is an ideal Airbnb market for investors due to its proximity to popular tourist attractions like the Boundary Waters Canoe Area Wilderness and the North Shore, as well as its high demand for vacation rentals during peak seasons.

ROI *
+31%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Lutsen, MN offers a lucrative investment opportunity due to its popularity as a ski destination and proximity to Lake Superior, attracting tourists year-round for outdoor activities and scenic views.

ROI *
+23%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Pine City, MN is an ideal Airbnb market for investors due to its proximity to recreational activities such as boating, fishing, and hiking, as well as its growing tourism industry with events like the Pine County Fair and the Dragon Boat Festival.

ROI *
+16%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Two Harbors, MN is a sound investment choice for those seeking a profitable short-term rental market due to its proximity to Lake Superior and popular tourist attractions such as Gooseberry Falls State Park.

ROI *
+8%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Ely, MN is a recommended choice for investors interested in the short-term rental market due to its proximity to the Boundary Waters Canoe Area Wilderness and popularity as a destination for outdoor enthusiasts.

ROI *
+9%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Stillwater, MN is a wise choice for those investing in Airbnb rentals due to its historic charm, proximity to the Twin Cities, and popularity as a tourist destination for outdoor activities and events.

ROI *
+1%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Winona, MN is a promising location for those investing in short-term rentals due to its scenic location along the Mississippi River and its proximity to popular tourist destinations such as the Great River Bluffs State Park.

ROI *
+9%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Duluth, MN is an up-and-coming market for short-term rental investors due to its scenic location on Lake Superior, popular tourist attractions like Canal Park and the Aerial Lift Bridge, and a growing demand for unique lodging options.

ROI *
+9%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Grand Marais, MN offers an opportunity for investors to capitalize on a strong Airbnb demand due to its picturesque location on Lake Superior and proximity to popular outdoor activities such as hiking, fishing, and skiing.

ROI *
+9%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Crosby, MN is a recommended choice for investors interested in the short-term rental market due to its location on the Cuyuna Lakes Trail System and proximity to popular tourist attractions like the Cuyuna Country State Recreation Area.

ROI *
+0%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Pequot Lakes, MN is an ideal Airbnb market for investors due to its location in the heart of Minnesota's lake country, offering year-round outdoor activities and a strong tourism industry. Additionally, the city's small town charm and proximity to larger cities like Brainerd make it an attractive destination for travelers.

ROI *
+6%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Brainerd, MN is a top Airbnb market due to its popularity as a vacation destination for outdoor enthusiasts, with access to lakes, forests, and recreational activities, as well as its proximity to the Twin Cities metro area. Additionally, the city hosts several annual events and festivals that attract visitors throughout the year.

ROI *
+4%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Park Rapids, MN is an up-and-coming market for short-term rental investors due to its proximity to popular lakes and outdoor recreational activities, as well as its charming downtown area with unique shops and restaurants.

ROI *
+3%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Alexandria, MN is an attractive market for investors looking to invest in Airbnb rental properties due to its location on multiple lakes, popular tourist attractions such as the Carlos Creek Winery, and a strong demand for vacation rentals in the area.

ROI *
+6%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

White Bear Lake, MN is a top destination for investors interested in the Airbnb rental market due to its proximity to Minneapolis-St. Paul, its picturesque lakefront properties, and its popularity as a vacation destination.

ROI *
+5%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Annandale, MN is a top Airbnb market due to its proximity to popular tourist destinations like Lake Mille Lacs and the Twin Cities, as well as its charming small town atmosphere that attracts visitors year-round.

ROI *
+3%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Rochester, MN is a top destination for investors interested in the Airbnb rental market due to its high demand for short-term rentals from visitors to the Mayo Clinic and other medical facilities, as well as its growing tourism industry.

ROI *
+2%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Minneapolis, MN is a prime location for investors looking to profit from short-term rentals due to its strong tourism industry and high demand for accommodations during major events such as the Super Bowl and the Minnesota State Fair.

ROI *
+0%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Nisswa, MN is a promising market for those seeking a profitable Airbnb investment due to its location in the heart of Minnesota's lake country and its popularity as a vacation destination for outdoor enthusiasts.

ROI *
+1%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price

Crosslake, MN is a top market for Airbnb investors due to its popularity as a vacation destination with access to numerous lakes and outdoor activities, as well as a strong demand for short-term rentals during peak seasons.

ROI *
+1%
*Revenue divided by average Airbnb home price

ADR
Occupancy
Revenue
Market size
No. of Airbnbs
Avg. Airbnb price
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