Duluth, Minnesota Short-Term Rental Market Overview

Population: Still gathering data
Annual Visitors: Still gathering data
Total STRs: 656
ADR: $299.56

Visitor Profile

Duluth, Minnesota, attracts approximately 4.5 million visitors annually, contributing an estimated $400 million to the local economy. The visitor demographic is diverse, with a significant portion comprising families, outdoor enthusiasts, and cultural tourists. The primary reasons for visiting include exploring the scenic beauty of Lake Superior, engaging in outdoor activities such as hiking and skiing, and experiencing local festivals and events. This influx of tourists not only supports local businesses but also creates jobs, highlighting the importance of tourism in Duluth’s economic landscape. For more insights, the Duluth Area Chamber of Commerce provides valuable resources on visitor trends (https://duluthchamber.com/resources/visitors/).

Key visitor statistics reveal that the majority of tourists are from nearby states, particularly Wisconsin and Minnesota, with a growing interest from urban areas like Chicago. The primary demographics include families with children, couples, and solo travelers aged 25-54. Visitors typically stay an average of 2.5 nights, with peak seasons occurring during the summer months and around the holiday season. According to a recent report, tourism in Duluth has seen fluctuations post-pandemic, with some challenges in recovery (https://www.duluthnewstribune.com/business/post-pandemic-tourism-dwindles-in-duluth). Nevertheless, the allure of attractions such as the Great Lakes Aquarium and the Aerial Lift Bridge continues to draw tourists. The local tourism bureau emphasizes the importance of unique experiences, which are increasingly sought after by younger travelers. For more information on attractions and activities, visit the official tourism site (https://visitduluth.com/experience/attractions/).

This comprehensive understanding of Duluth’s visitor demographics and tourism statistics is essential for stakeholders in the hospitality and tourism sectors to tailor their offerings effectively.

Top Attractions

Duluth, Minnesota, is a vibrant city nestled along the shores of Lake Superior, offering a diverse array of attractions that cater to all interests. Known for its stunning natural beauty and rich maritime history, Duluth is home to iconic sites such as the Aerial Lift Bridge and the Great Lakes Aquarium. Visitors can explore the scenic waterfront, enjoy outdoor activities, and delve into local culture, making it an ideal destination for families, couples, and solo travelers alike. Whether you’re looking for adventure, relaxation, or educational experiences, Duluth attractions promise to deliver something for everyone.

One of the must-see attractions in Duluth is the Aerial Lift Bridge, an engineering marvel that connects the city to Park Point. This iconic bridge stands as a symbol of Duluth and offers breathtaking views of the harbor and Lake Superior. For those interested in marine life, the Great Lakes Aquarium provides an engaging experience with interactive exhibits showcasing the unique ecosystems of the Great Lakes region. Families will love the Duluth Children’s Museum, which features hands-on exhibits designed to inspire creativity and learning in young minds. Nature enthusiasts can explore the beauty of the nearby Canal Park, where walking trails and scenic views abound. For more information on these attractions and more, visit the official visitor guide at https://visitduluth.com/experience/attractions/ or check out the Duluth Chamber of Commerce’s resources at https://duluthchamber.com/resources/visitors/attractions/. With so many Duluth things to do, your adventure awaits in this charming lakeside city.

Regulations

Duluth short-term rental regulations are essential for property owners looking to capitalize on the booming vacation rental market. In Duluth, Minnesota, anyone wishing to operate a short-term rental must obtain a license from the city. This process includes submitting an application, paying a fee, and ensuring compliance with local zoning laws. Property owners are also required to collect and remit a lodging tax, which is currently set at 3% of the rental price. Additionally, there are specific safety requirements that must be met, including smoke detectors and fire extinguishers. Understanding these regulations is crucial for avoiding penalties and ensuring a successful rental operation. For a deeper dive into the rules governing short-term rentals in Duluth, continue reading.

To legally operate a short-term rental in Duluth, property owners must first secure a rental license through the City of Duluth. This involves completing an application and adhering to zoning restrictions that dictate where short-term rentals can be located. The city enforces safety regulations, including the installation of smoke alarms and carbon monoxide detectors, to protect guests. Property owners are also responsible for collecting a 3% lodging tax, which must be submitted to the city on a quarterly basis. Failure to comply with these regulations can result in fines or the revocation of the rental license. For more detailed information on the specific codes and ordinances, visit the official Duluth Codes and Ordinances page (https://duluthmn.gov/csi/codes-resources/codes-and-ordinances/) and explore the Land Use Zoning and Applications section (https://duluthmn.gov/planning-development/land-use-zoning-and-applications/). Understanding these Duluth short-term rental regulations is vital for successful property management.

Vacation Rental Market Overview for Duluth

Duluth attracts visitors with its cultural attractions and historic sites and urban amenities and entertainment. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.

This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.

Duluth, Minnesota Market Performance Trends

LTM Avg. Daily Rate$258.00
LTM Occupancy Rate54.8%
LTM Avg. Revenue$3,598

Short-Term Rental Market Performance Analysis for Duluth

The short-term rental market in Duluth demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.

Market Trend Summary

Current market indicators show: year-round stability with consistent occupancy

Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.

Duluth, Minnesota Housing Market Data

Home Value Trends

Market Overview

  • Typical Home Value:$290,738
  • Median Sale Price:$295,333
  • Median List Price:$321,533

Current Inventory

  • Homes For Sale:217
  • New Listings:110

Detailed Market Analysis

The average home value in Duluth, MN is $290,739, up 4.6% over the past year. Learn more about the Duluth housing market and real estate trends.

Real Estate Market Analysis for Duluth, Minnesota

The residential real estate market in Duluth, Minnesota presents unique opportunities for investors and homebuyers alike. Current market dynamics show balanced market conditions with accessible entry points with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.

Key Market Factors

Important considerations for this market include: growing population trends, economic development, and lifestyle amenities These factors contribute to the overall market performance and future growth potential.

Real estate investments in Duluth, Minnesota benefit from consistent market appreciation and strong resale values. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.

Duluth, Minnesota Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:60.5% Booked
  • 4-6 Months:69.4% Booked
  • 7-9 Months:59.3% Booked
  • 10-12 Months:8.9% Booked

Cancellation Policies

  • Flexible:0%
  • Moderate:0%
  • Strict:0%
  • Super Strict:0%

Minimum Stay

  • 1 Day:0
  • 2 Days:0
  • 3 Days:0
  • 4-6 Days:0
  • 7-29 Days:0
  • 30+ Days:0

Short-Term Rental Regulations and Booking Patterns in Duluth

Duluth vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.

Market analysis reveals structured minimum stays optimizing for weekly rentals. These insights help property managers optimize their listing strategies and maximize occupancy.

Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.

Duluth, Minnesota Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Amenity data is not available for this location.

Guest Rating Highlights

    Vacation Rental Property Types in Duluth

    The vacation rental market in Duluth features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.

    Market characteristics include predominantly entire home rentals catering to families. This distribution reflects local demand patterns and traveler preferences.

    Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.

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