Devils Lake, ND

Key Performance Metrics

Market snapshot

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

Listings

70 / 129

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$19,554

Middle-Earners Revenue

Occupancy

42%

Middle-Earners Occupancy

Home Value

$238,203

Median Home Sale Price

Top Earners

$35,139

Top-Earners Revenue

Devils Lake

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Devils Lake.

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Generally Investor friendly

Devils Lake Regulations

STRs are permitted and the city shows a supportive tone and low‑regulation environment, with basic licensing and compliance under Titles 5, 8, and 17 but no clear caps, high fees, or onerous rules.

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About Devils Lake

Devils Lake is a city in and the county seat of Ramsey County, North Dakota, United States. The population was 7,192 at the 2020 census. It is named after the nearby body of water called Devils Lake. The first house built by an Euro-American settler was in 1882. It was surveyed in 1883 and named Creelsburg and later Creel City, after the surveyor, Heber M. Creel. In 1884 it was renamed Devils Lake.The local paper is the Devils Lake Journal. Devils Lake Municipal Airport serves the city. Devils Lake is home to Lake Region State College and the North Dakota School for the Deaf.