Hibbing, MN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Hibbing short-term rental market based on reliable data.
Listings
31 / 50
Reliable / Active
Cap Rate
15%
Middle-Earners Gross Yield
Revenue
$23,713
Middle-Earners Revenue
Occupancy
59%
Middle-Earners Occupancy
Home Value
$153,708
Median Home Sale Price
Top Earners
$38,210
Top-Earners Revenue
Hibbing
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Hibbing.
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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.
Local STR Agent
STR specialist · Hibbing, MN
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.