Annandale, Minnesota Short-Term Rental Market
Annandale, MN STRs averaged $184/night at 43.9% occupancy in April 2026, with July peak occupancy reaching 71.5% across a lake-driven market.
Quick Answer: Annandale, Minnesota is an active short-term rental market. average occupancy in the Minnesota Area market area is 63%. average monthly revenue in the Minnesota Area market area is $5,579. average daily rate in the Minnesota Area market area is $320. the top operator in the Minnesota Area market area is Evolve with 337 listings. market score is 71/100 (grade B).
Market data reflects the Minnesota Area regional market, which includes Annandale. Regulations, taxes, and permit details below are specific to Annandale.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
The Annandale, MN short-term rental market is centered on lake access in Wright County, approximately 50 miles northwest of Minneapolis. In April 2026, the most recent data month, the market recorded an average daily rate of $184 and occupancy of 43.9%, a figure typical of the shoulder season for this lake-destination market. RevPAR stood at $81 in that month.
Listing inventory is dominated by entire-place rentals, which account for 9,675 of 10,408 listing-type records (92.9%), with private rooms making up 727 (7.0%) and shared rooms just 6. By bedroom count, 2-bedroom units represent the largest segment at 3,013 listings (approximately 29% of the bedroom mix), followed by 1-bedroom at 2,551 and 3-bedroom at 2,537. Larger properties are well represented: 4-bedroom units total 1,420 and 5-bedroom units reach 876, reflecting the lake-cabin profile of the market.
On a year-over-year basis, occupancy rose 2.71 percentage points from the prior April, while ADR increased 6.16%. Monthly revenue in April 2026 was $2,119 per active listing on average, though that figure declined 3.27% from the same month a year earlier, indicating that higher rates have not fully offset softer volume. The market’s overall investability score of 88.6 out of 100 and revenue growth score of 80.6 reflect sustained operator interest despite moderate near-term revenue softness.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 40% |
| Feb | 45% |
| Mar | 46% |
| Apr | 47% |
| May | 54% |
| Jun | 66% |
| Jul | 71% |
| Aug | 66% |
| Sep | 50% |
| Oct | 50% |
| Nov | 41% |
| Dec | 47% |
Month-by-month nightly rates and revenue figures for Annandale are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Minnesota Area market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Minnesota Area market as a whole, which includes Annandale, so these counts are not Annandale-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 337 | 13,110 | ★ 4.77 |
| 2 | Cascade Vacation Rentals | 182 | 3,861 | ★ 4.76 |
| 3 | Heirloom | 112 | 7,458 | ★ 4.82 |
| 4 | Sota Lake Home Rentals | 61 | 1,310 | ★ 4.50 |
| 5 | Woods To Water Vacation Homes | 48 | 939 | ★ 4.95 |
What Kind of STR Should I Buy in Annandale?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Annandale are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 40.1% |
| vrbo | 14.3% |
| both | 45.7% |
Home Value Trends (Annandale)
Typical home values, median sale prices, and the 10-year price trend for Annandale are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Annandale — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Annandale, MN does not require a short-term rental permit as of May 2026. STRs are permitted under the city’s existing zoning framework without a dedicated STR ordinance or registration program. Neither owner-occupancy nor primary-residence requirements apply.
The primary compliance obligation is tax collection. Minnesota’s state sales tax of 6.875% applies to all rentals under 30 consecutive days. Wright County adds an additional 0.5% transit sales and use tax, bringing the minimum combined rate to approximately 7.375%. The data records a combined occupancy tax rate of 6.88% for this jurisdiction. Operators using Airbnb or Vrbo have state taxes collected and remitted automatically by those platforms. Hosts who accept direct bookings must register with the Minnesota Department of Revenue for a Tax ID and handle remittance independently.
No city lodging tax specific to Annandale has been identified. No restrictions on maximum rental nights per year, no mandatory inspections, and no license fees have been documented. Enforcement severity is classified as minimal. Wright County’s most recent ordinance update was Ordinance 24-8 (December 2024), which was not confirmed to address STRs. Investors should confirm current requirements directly with the City of Annandale Planning and Zoning at 320-274-3055 before operating, as local ordinances can be adopted or amended without prior public notice.
Market Comparison
Annandale’s April 2026 occupancy of 43.9% sits below the US STR median of approximately 55%, which is expected for a shoulder-season snapshot in a lake market with pronounced summer concentration. The July peak of 71.5% is well above national median, confirming strong seasonal demand. April ADR of $184 is below the national median of approximately $220, though the market’s luxury tier reaches $376.
The market’s total score of 71.3 out of 100, with investability at 88.6 and revenue growth at 80.6, places it in a favorable tier among Midwest lake markets. Regulation and seasonality scores (57.9 and 58.4 respectively) reflect the market’s known risks: no regulatory moat against new supply, and wide seasonal swings that concentrate revenue into three months.
Professionally managed inventory is concentrated among a few operators. Evolve leads with 337 listings and 13,110 reviews at a 4.77 average rating. Cascade Vacation Rentals holds 182 listings with 3,861 reviews at 4.76. Heirloom manages 112 listings with 7,458 reviews at 4.82, the highest rating among the top five. Together, the top three operators account for 631 listings. Sota Lake Home Rentals (61 listings, 4.50 rating) and Woods To Water Vacation Homes (48 listings, 4.95 rating) round out the top five with strong local presence.
Frequently Asked Questions About Annandale, Minnesota
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