Performance indicators for the Hopkins 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 Hopkins.
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Challenging to Investors
Short‑term rentals are explicitly allowed in Neighborhood zoning districts but require a conditional use permit, a city rental license, and a county lodging license, along with a pre‑rental inspection, routine inspections, record‑keeping, and compliance with occupancy limits and residential‑character standards. License fees are moderate (about $100–$120), but the multi‑step permitting and compliance process introduces friction. The presence of caps, layered approvals, and enforcement fines (e.g., $500 for operating without a license) makes the environment challenging for investors.
Local STR Agent
STR specialist · Hopkins, MN
Hopkins is a suburban city in Hennepin County, Minnesota, United States, located west of Minneapolis. The population was 19,079 at the 2020 census. The city is four square miles in size and is surrounded by the larger suburban communities of Minnetonka, Saint Louis Park, and Edina. The city's main street was added to the National Register of Historic Places in 2022.