Saint Paul, Minnesota Short-Term Rental Market Overview

Population: Still gathering data
Annual Visitors: Still gathering data
Total STRs: 1,247
ADR: $184.06

Visitor Profile

Saint Paul, Minnesota, attracts approximately 3.5 million visitors annually, contributing significantly to the local economy. The primary demographics of these visitors include families, business travelers, and cultural enthusiasts, with a balanced mix of age groups, particularly those aged 25-54. Many visitors come for events, conventions, and cultural experiences, showcasing the city’s rich history and vibrant arts scene. The economic impact of tourism in Saint Paul is substantial, generating over $1 billion in revenue, which supports local businesses and creates jobs. According to the Saint Paul Area Chamber of Commerce, tourism plays a crucial role in the city’s economic landscape.

In terms of visitor statistics, the annual visitor numbers reflect a diverse audience, with about 40% of visitors being from out of state. The main reasons for visiting include attending conventions, exploring the local arts and culture, and enjoying outdoor activities along the Mississippi River. The average length of stay for visitors is approximately 2.5 nights, with peak seasons occurring in the summer months and during major events such as the Minnesota State Fair. Hotel occupancy rates in Saint Paul typically reach around 70% during peak seasons, providing valuable insights for STR operators looking to optimize their offerings. According to Explore Minnesota, the tourism sector continues to evolve, with a growing emphasis on sustainable travel and local experiences. For more detailed statistics, visit the official tourism site at https://exploreminnesota.com. Understanding these visitor demographics and travel patterns is essential for stakeholders aiming to enhance the tourism experience in Saint Paul.

Top Attractions

Saint Paul, Minnesota, is a vibrant city brimming with rich history, stunning architecture, and a variety of attractions that cater to all interests. Whether you’re exploring the majestic Minnesota State Capitol, with its impressive dome and intricate murals, or wandering through the serene landscapes of Como Park Zoo and Conservatory, the city offers a diverse range of experiences. Families can enjoy the interactive exhibits at the Science Museum of Minnesota, while art enthusiasts will appreciate the Walker Art Center’s contemporary collections. With so much to see and do, Saint Paul is a destination that invites exploration and discovery.

One of the top attractions in Saint Paul is the Minnesota State Capitol. This architectural gem features a stunning dome and beautifully crafted interiors, making it a must-visit for history buffs and architecture lovers alike. Guided tours provide insight into the building’s history and the legislative process. For more information, visit the official website at https://mn.gov/admin/capitol.

Another highlight is the Science Museum of Minnesota, renowned for its engaging exhibits and IMAX theater. Visitors can explore everything from dinosaurs to space exploration, making it an ideal destination for families. Check out their offerings at https://www.smm.org.

For a taste of nature, Como Park Zoo and Conservatory is a delightful escape. This free attraction features a zoo, a conservatory filled with exotic plants, and beautiful gardens, perfect for a leisurely stroll. Learn more about this green oasis at https://www.comozooconservatory.org.

Lastly, don’t miss the historic Landmark Center, which hosts art exhibits and performances throughout the year. Its stunning architecture and rich history make it a cultural hub in the heart of the city. Visit their website for details at https://www.landmarkcenter.org. Saint Paul attractions promise a memorable experience for every visitor.

Regulations

Saint Paul short-term rental regulations are designed to ensure the safety and well-being of both guests and the community. Property owners looking to rent out their homes on a short-term basis must comply with several important requirements. First, a license is required to operate a short-term rental, which involves submitting an application and paying a fee. Additionally, property owners must collect and remit a lodging tax, which is currently set at 3 percent. Zoning restrictions also apply, limiting short-term rentals to certain areas within the city. Safety requirements, including smoke detectors and carbon monoxide detectors, are mandatory to protect guests. Understanding these regulations is crucial for property owners to avoid penalties and ensure compliance.

Key requirements for short-term rentals in Saint Paul include obtaining a short-term rental license through the City of Saint Paul’s Department of Safety and Inspections. The application process requires proof of insurance and adherence to safety standards. Property owners must also comply with the lodging tax obligations, which necessitate collecting a 3 percent tax from guests and remitting it to the city. Zoning restrictions dictate where short-term rentals can operate, often requiring properties to be located in residential zones. Safety measures, such as having working smoke and carbon monoxide detectors, are enforced to ensure guest safety. Violations of these regulations can result in fines or revocation of the rental license. For more detailed information, visit the City of Saint Paul’s official website (https://www.stpaul.gov/departments/safety-inspections/short-term-rentals) and review the municipal code (https://library.municode.com/mn/saint_paul/codes/code_of_ordinances).

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Vacation Rental Market Overview for Saint Paul

Saint Paul 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.

Saint Paul, Minnesota Market Performance Trends

LTM Avg. Daily Rate$175.00
LTM Occupancy Rate63.3%
LTM Avg. Revenue$2,368

Short-Term Rental Market Performance Analysis for Saint Paul

The short-term rental market in Saint Paul 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.

Saint Paul, Minnesota Housing Market Data

Home Value Trends

Market Overview

  • Typical Home Value:$290,748
  • Median Sale Price:$310,500
  • Median List Price:$293,266

Current Inventory

  • Homes For Sale:747
  • New Listings:286

Detailed Market Analysis

The average home value in Saint Paul, MN is $290,749, up 0.5% over the past year. Learn more about the Saint Paul housing market and real estate trends.

Real Estate Market Analysis for Saint Paul, Minnesota

The residential real estate market in Saint Paul, 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: proximity to major employment centers, quality school districts, and developing infrastructure These factors contribute to the overall market performance and future growth potential.

Real estate investments in Saint Paul, Minnesota benefit from balanced supply-demand dynamics and reasonable price points. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.

Saint Paul, Minnesota Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:60.6% Booked
  • 4-6 Months:53.9% Booked
  • 7-9 Months:49.9% Booked
  • 10-12 Months:10.8% 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 Saint Paul

Saint Paul 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.

Saint Paul, 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 Saint Paul

    The vacation rental market in Saint Paul 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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