Performance indicators for the Minneapolis 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 Minneapolis.
Loading top listings...
Generally Investor friendly
Minneapolis allows STRs citywide with clear registration/licensing pathways, modest fees ($58 registration), and straightforward compliance processes (management plan, $300k insurance, neighbor notice). Limits exist (10 occupants hard cap; 10% cap in 20+ unit buildings; one non-homesteaded unit in smaller buildings), but they are manageable and do not ban investment properties.
Local STR Agent
STR specialist · Minneapolis, MN
Minneapolis, Minnesota, is the largest city in the state and serves as a cultural and economic hub of the upper Midwest. With a population of approximately 429,000 residents as of 2023, it forms the core of the Twin Cities metropolitan area, which includes the neighboring state capital, Saint Paul. Minneapolis is about 10 miles from Saint Paul and approximately 250 miles from Chicago, the closest major city of comparable size.
Attracting visitors with its unique blend of urban chic and natural beauty, Minneapolis features a series of interconnected lakes and parks called the Chain of Lakes, ideal for various recreational activities. The city is also known for its vibrant arts scene, including the renowned Walker Art Center (link) and the adjacent Minneapolis Sculpture Garden, home to the iconic Spoonbridge and Cherry sculpture.
Minneapolis also boasts excellent dining, shopping, and nightlife, particularly in dynamic neighborhoods like Uptown and North Loop. Additionally, Minneapolis is home to several significant landmarks and institutions, including the historic Mill City Museum (link), which chronicles the city's flour milling industry, and the Guthrie Theater (link), a leading American theater known for its innovative productions.
These features make Minneapolis a compelling destination for short-term rentals, offering visitors diverse experiences from picturesque bike trails to culturally enriching activities. The city's well-developed public transportation system and proximity to the Minneapolis-Saint Paul International Airport (MSP) further add to its convenience and appeal for short-term stays.