Performance indicators for the Detroit Lakes short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Detroit Lakes.
Loading top listings...
Generally Investor friendly
STRs are explicitly permitted citywide with a clear annual licensing process, moderate fee ($350), and straightforward steps including rental registration, inspection, insurance, and lodging tax registration. The cap of 100 licenses and nontransferability add investment friction, but the city’s rules are organized, predictable, and enforcement is graduated, keeping investor risk manageable.
Local STR Agent
STR specialist · Detroit Lakes, MN
Detroit Lakes is a city and the county seat of Becker County, Minnesota. The population was 9,869 at the 2020 census. Its unofficial population during summer months is much higher, estimated by citizens to peak at 13,000 midsummers, due to seasonal residents and tourists. U.S. Highways 10 and 59, and Minnesota State Highway 34 serve as the primary routes through the city. Detroit Lakes is located 45 miles east of the Fargo–Moorhead ND-MN statistical metropolitan area. The nearest major metropolitan area with a population over 1 million is Minneapolis–Saint Paul, which is approximately 205 miles southeast of Detroit Lakes. Detroit Lakes is a regional summer and winter recreation destination, attracting large numbers of tourists and seasonal residents each year. Its economy is fueled by seasonal population increases, with tourism being the area's chief industry.