Hibbing, MN

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

30 / 48

Reliable / Active

Cap Rate

17%

Middle-Earners Gross Yield

Revenue

$26,766

Middle-Earners Revenue

Occupancy

67%

Middle-Earners Occupancy

Home Value

$153,676

Median Home Sale Price

Top Earners

$42,546

Top-Earners Revenue

Hibbing

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Hibbing.

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B

Generally Investor friendly

Hibbing Regulations

STRs are allowed and the city provides a clear pathway via zoning/use approvals and state licensing/taxes without city caps; permitting costs are moderate (state health license ~$175–$300) and requirements are known and manageable, though uncertainty about any local STR licensing or possible CUPs adds minor complexity.

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About Hibbing

Hibbing is a city in Saint Louis County, Minnesota, United States. The population was 16,214 at the 2020 census. The city was built on mining the rich iron ore of the Mesabi Iron Range and still relies on that industrial activity today. At the edge of town is the world's largest open-pit iron mine, the Hull–Rust–Mahoning Open Pit Iron Mine. It is the hometown of singer-songwriter Bob Dylan and former Governor of Minnesota Rudy Perpich. The main routes in Hibbing are U.S. Highway 169, State Highway 37, State Highway 73, Howard Street, and 1st Avenue. It is about 59 miles (95 km) northwest of Duluth, Minnesota.

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