Cloquet, MN

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Cloquet short-term rental market based on reliable data.

Listings

60 / 118

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$24,971

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$267,080

Median Home Sale Price

Top Earners

$67,858

Top-Earners Revenue

Cloquet

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Cloquet.

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B

Generally Investor friendly

Cloquet Regulations

STRs are allowed, but investors face moderate permitting (Cloquet conditional use permit) with a $400 fee, legal notice, neighbor notification, and public hearing, plus annual rental registration and in the county a $150 vacation rental permit with health licensing, water testing, septic compliance, occupancy limits, and detailed operational rules. The process is known and manageable, with no explicit caps, supportive tone, and predictable enforcement.

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About Cloquet

Cloquet is a small city of roughly 12,000 residents in Carlton County, in northeastern Minnesota, where it straddles the St. Louis River amid the pine and birch forests of the region. The town carries a strong working-class and outdoorsy character rooted in its long history as a timber and paper-mill community, and it serves as a useful jumping-off point for travelers exploring the North Woods and the western gateway to Lake Superior's North Shore. Cloquet sits about 20 miles southwest of Duluth, the nearest major city, and a little over two hours north of Minneapolis–Saint Paul, giving it a quiet, lived-in feel while keeping it within easy reach of bigger attractions.

Just south of town, Jay Cooke State Park is one of the most scenic stretches of public land in Minnesota, where the St. Louis River cuts a dramatic gorge through ancient bedrock. The park is famous for its swaying suspension bridge over the river, miles of hiking and biking trails including a segment of the long-distance Willard Munger State Trail, and a year-round campground that draws visitors in every season. From central Cloquet, the park's main entrance is only about a 10-minute drive.

A short drive northeast brings visitors to Duluth, the regional hub on the western tip of Lake Superior. From Canal Park's famous Aerial Lift Bridge and lakewalk, to the restored Glensheen Mansion on the city's east side, Duluth offers a full slate of restaurants, museums, breweries, and waterfront attractions. The trip between Cloquet and downtown Duluth typically takes around 25 to 30 minutes via I-35, making day trips easy for short-term rental guests.

For a closer-to-home outing, the St. Louis River itself runs right through Cloquet and supports paddling, fishing, and walks along its banks, while a network of paved and gravel bike paths, including segments of the Willard Munger State Trail, links the city to surrounding forests. The area also sits within a short drive of the Fond du Lac community, as well as a host of smaller lakes, cross-country ski trails, and snowmobile routes that fill in the seasons when the river is frozen.

Altogether, Cloquet offers short-term rental owners a compelling mix of small-town affordability, Northwoods character, and proximity to two of Minnesota's strongest tourism draws—Jay Cooke State Park and the Lake Superior city of Duluth. Visitors get a peaceful base with forested surroundings, a real local community, and the option to spend every day outdoors, whether they are chasing fall color, summer paddling, or winter snow.

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