Wadena, MN

Key Performance Metrics

Market snapshot

Performance indicators for the Wadena short-term rental market based on reliable data.

Listings

7 / 8

Reliable / Active

Cap Rate

13%

Middle-Earners Gross Yield

Revenue

$27,663

Middle-Earners Revenue

Occupancy

45%

Middle-Earners Occupancy

Home Value

$208,346

Median Home Sale Price

Top Earners

$78,028

Top-Earners Revenue

Wadena

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Wadena.

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Generally Investor friendly

Wadena Regulations

STRs are permitted with a defined annual licensing pathway and clear operational standards; fees, septic/compliance checks and inspections are moderate, and no citywide cap exists beyond a single STR per parcel, so compliance is workable but not streamlined.

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About Wadena

Wadena ( wə-DEEN-ə) is a city in Otter Tail and Wadena counties in the state of Minnesota. It is about one hundred sixty miles northwest of the Minneapolis – Saint Paul metro area. The population was 4,325 at the 2020 census. It is the county seat of Wadena County.Wadena is an agricultural community and serves as a region hub for the Tri county area. Wadena is located at the crossroads of Highway 10 and Highway 71.