Richmond, MN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Richmond short-term rental market based on reliable data.
Listings
13 / 79
Reliable / Active
Cap Rate
9%
Middle-Earners Gross Yield
Revenue
$31,738
Middle-Earners Revenue
Occupancy
38%
Middle-Earners Occupancy
Home Value
$349,013
Median Home Sale Price
Top Earners
$50,960
Top-Earners Revenue
Richmond
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Richmond.
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Challenging to Investors
Richmond Regulations
City only allows STRs that qualify as a Bed & Breakfast—owner‑occupied, max 7 nights in 30 days, and often requiring a CUP and fire inspection—while typical non‑owner‑occupied STRs are prohibited in residential zones. Investors must also obtain a county permit, carry $500k liability insurance, and satisfy inspections and taxes, making compliance costly and complex. Enforcement uncertainty between city and county and the restrictive stay/occupancy rules limit viable models and deter most investors.
Local STR Agent
STR specialist · Richmond, MN
About Richmond
Richmond is a city in Stearns County, Minnesota, United States. The population was 1,422 at the 2010 census. Richmond is part of the St. Cloud, Minnesota metropolitan area.