Fairmont, Minnesota Short-Term Rental Market Overview

Population: Still gathering data
Annual Visitors: Still gathering data
Total STRs: 29
ADR: $188.50

Visitor Profile

Fairmont, Minnesota, attracts a diverse array of visitors each year, contributing significantly to the local economy. While specific annual visitor numbers are not widely published, the tourism sector plays a vital role in the community, with many visitors drawn to the area for its outdoor recreational opportunities and family-friendly attractions. The primary demographics of Fairmont’s visitors include families, outdoor enthusiasts, and individuals aged 30 to 55. These visitors often seek experiences such as fishing, boating, and exploring the area’s lakes, which are key reasons for their travel. The economic impact of tourism in Fairmont is substantial, as it generates millions in revenue, supporting local businesses and employment.

In a comprehensive visitor analysis, Fairmont sees a mix of short-term and long-term visitors, with many staying an average of two to three days. The peak seasons for tourism typically align with summer months, particularly June through August, when outdoor activities are at their height. According to the tourism bureau (https://visitfairmontmn.com/about/), visitors are often attracted to the area’s natural beauty and recreational offerings, such as the Fairmont Aquatic Park and various lakeside parks. The visitor demographics reflect a strong inclination towards family-oriented activities, with many visitors participating in events and festivals that foster community engagement. The local tourism board highlights that Fairmont’s appeal lies in its blend of relaxation and adventure, making it a favored destination for both regional and out-of-state travelers. For more information on attractions and activities, visit the official site (https://visitfairmontmn.com/things-to-do/). Overall, Fairmont’s tourism statistics indicate a vibrant market that continues to grow, driven by its unique offerings and welcoming community atmosphere.

Top Attractions

Fairmont, Minnesota, is a charming destination that offers a delightful mix of outdoor activities, cultural experiences, and family-friendly attractions. Known for its beautiful lakes and vibrant community, Fairmont is home to several signature attractions that cater to a variety of interests. Visitors can explore the serene landscapes of the Fairmont Aquatic Park, delve into local history at the Martin County Historical Society, or enjoy a day of fun at the Fairmont Opera House. With so much to see and do, Fairmont is an ideal spot for families, couples, and solo travelers alike. Whether you’re looking for adventure or relaxation, Fairmont promises a memorable experience.

One of the top attractions in Fairmont is the Fairmont Aquatic Park, a fantastic place for families to enjoy swimming and water activities during the warmer months. The park features multiple pools, water slides, and play areas, making it a perfect spot for kids and adults alike. For more information, visit the official website at https://visitfairmontmn.com/things-to-do/.

Another must-see is the Martin County Historical Society, which showcases the rich history of the area through engaging exhibits and artifacts. The museum offers a glimpse into the past, featuring local stories and historical displays that are both educational and entertaining. Learn more about the museum at http://theminnesotatraveler.com/10-best-things-to-do-in-fairmont-mn/.

For those interested in the arts, the Fairmont Opera House is a cultural gem that hosts various performances throughout the year. This beautifully restored venue provides a unique atmosphere for enjoying live theater and music. To discover more about the attractions in Fairmont, check out the official visitor guide at https://visitfairmontmn.com/.

With its diverse range of attractions, Fairmont is a destination that truly has something for everyone.

Regulations

Fairmont, Minnesota, has established specific regulations governing short-term rentals to ensure community safety and compliance. Property owners looking to operate short-term rentals must obtain a rental license from the city, which includes submitting an application and paying the associated fees. Additionally, all short-term rentals are subject to local lodging taxes, which are typically assessed at a rate determined by the city council. Compliance with zoning regulations is crucial, as certain areas may have restrictions on the operation of short-term rentals. Property owners must also adhere to safety requirements, including smoke detectors and fire extinguishers, to protect guests. Understanding these regulations is essential for anyone considering entering the short-term rental market in Fairmont.

Key requirements for short-term rentals in Fairmont include obtaining a rental license, which must be renewed periodically. The city mandates that property owners collect and remit lodging taxes, with specific deadlines for payment. Zoning restrictions may limit where short-term rentals can operate, so it is vital to check local ordinances. Safety standards must be met, including ensuring that the property is equipped with necessary safety devices. Failure to comply with these regulations can result in penalties, including fines or revocation of the rental license. For detailed information on the local ordinances, visit the Martin County District Court website (https://mncourts.gov/find-courts/martin) or access the research links provided by the Minnesota Law Library (https://mn.gov/law-library/research-links/ordinances.jsp). Understanding Fairmont short-term rental regulations is essential for successful property management.

Vacation Rental Market Overview for Fairmont

Fairmont attracts visitors with its beaches and waterfront activities and cultural attractions and historic sites. 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.

Fairmont, Minnesota Market Performance Trends

LTM Avg. Daily Rate$171.00
LTM Occupancy Rate53.3%
LTM Avg. Revenue$1,854

Short-Term Rental Market Performance Analysis for Fairmont

The short-term rental market in Fairmont 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: emerging growth market with increasing demand

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

Fairmont, Minnesota Housing Market Data

Home Value Trends

Market Overview

  • Typical Home Value:$171,542
  • Median List Price:$191,316

Current Inventory

  • Homes For Sale:38
  • New Listings:13

Detailed Market Analysis

The average home value in Fairmont, MN is $171,543, up 4.3% over the past year. Learn more about the Fairmont housing market and real estate trends.

Real Estate Market Analysis for Fairmont, Minnesota

The residential real estate market in Fairmont, Minnesota presents unique opportunities for investors and homebuyers alike. Current market dynamics show affordable housing options with growth potential with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.

Key Market Factors

Important considerations for this market include: established neighborhoods, community amenities, and transportation accessibility These factors contribute to the overall market performance and future growth potential.

Real estate investments in Fairmont, Minnesota benefit from diverse property options and stable neighborhood development. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.

Fairmont, Minnesota Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:62.2% Booked
  • 4-6 Months:57.1% Booked
  • 7-9 Months:41.7% Booked
  • 10-12 Months:9.1% 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 Fairmont

Fairmont 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 seasonal policy variations maximizing revenue. 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.

Fairmont, 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 Fairmont

    The vacation rental market in Fairmont 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 diverse property sizes from studios to large homes. 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.

    More Locations In Minnesota

    Related Short-Term Rental Markets

    Explore 47 vacation rental markets within Minnesota. Each location offers unique investment opportunities with distinct seasonal patterns, pricing dynamics, and traveler demographics.

    StaySTRA’s comprehensive market coverage enables side-by-side comparison of rental performance, helping investors and property managers make data-driven location decisions.

    More Locations In Minnesota

    Related Short-Term Rental Markets

    Explore 47 vacation rental markets within Minnesota. Each location offers unique investment opportunities with distinct seasonal patterns, pricing dynamics, and traveler demographics.

    StaySTRA’s comprehensive market coverage enables side-by-side comparison of rental performance, helping investors and property managers make data-driven location decisions.

    Catagories

    Other Posts