Performance indicators for the Thief River Falls short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
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Middle-Earners Revenue
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Middle-Earners Occupancy
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Median Home Sale Price
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Top-Earners Revenue
The highest-performing listings in Thief River Falls.
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Generally Investor friendly
STRs are explicitly allowed citywide with no licensing, occupancy caps, or inspections currently required, and the city has no restrictive ordinance in place. The primary friction is uncertain but modest—lodging tax compliance is under discussion and a 3% rate is proposed, with potential future registration—keeping the regime friendly but not entirely risk‑free.
Local STR Agent
STR specialist · Thief River Falls, MN
Thief River Falls, sometimes referred to as Thief River or abbreviated as TRF, is a city in Pennington County in the northwest portion of the U.S. state of Minnesota. The population was 8,749 at the 2020 census. Thief River Falls is the county seat for Pennington County.