Airbnb Market Analytics & Investment Insights
Annual Revenue
$17,902
Based on 5 full time Airbnb rentals
Average Daily Rate
$91
Gross Yield
As of October of 2024, Homes in 55420 ZIP Code have depreciated by -0.46%, with the median home value standing at $319,951, according to Zillow.
There are currently 5 active short-term rentals in 55420 ZIP Code. The average daily rate for these rentals is $91. This translates to an annual revenue of $17,902 for short-term rentals as of October of 2024.
55420 ZIP Code is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.
Average Daily Rate Trend
$91
Occupancy Rate Trend
84%
Let our agents guide you to the best short-term rental investments in Minneapolis, MN
As of October of 2024, the average gross yield for short-term rentals in 55420 ZIP Code is 5.59%. However, potential investors should also consider the average property tax, which stands at 1.23% according to SmartAsset.
The median household income in 55420 is $58,231.
As of October of 2024, the occupancy rate for Airbnb rentals in 55420 is 83.5%, which is higher than the average occupancy rate for the United States.
Discover the leading hosts in Minneapolis ranked by guest ratings and active listings. These hosts combine scale with exceptional guest satisfaction, setting the benchmark for success.
Sonder (Minneapolis/St. Paul) leads the market with 16 active listings and maintains an exceptional 4.57 average guest rating.
Lisa leads the market with 11 active listings and maintains an exceptional 4.97 average guest rating.
Brenda leads the market with 10 active listings and maintains an exceptional 4.97 average guest rating.
These top performers serve as benchmarks for what drives success in Minneapolis's competitive short-term rental scene. Their strategies combine operational efficiency with outstanding guest experiences, making them the gold standard for aspiring hosts and property managers in the area.
10 hosts available
As of October of 2024 The unemployment rate in 55420 ZIP Code is 3.8%, which is lower than the national average of 4.1%.
The most impactful amenities for short-term rentals in 55420 include a Table corner guards, Pool table, and Kayak.
55420 ZIP Code is a popular destination for travelers, with Airbnb demand coming from cities like Minneapolis, MN (7.90% of all guests), Chicago, IL (3.13% of all guests), and Saint Paul, MN (2.63% of all guests).
The top short-term rental hosts in 55420 ZIP Code include Sonder (Minneapolis/St. Paul), Lisa and Brenda. These hosts have an average rating of 4.57, 4.97 and 4.97 respectively.
The most popular property types in 55420 ZIP Code are 2-bedroom units, with an average daily rate of $91 and an annual revenue of $34,544.
The average booking lead time for short-term rentals in 55420 ZIP Code is 52 days.
Disclaimer
This page and the data presented are for informational purposes only. The information provided should not be construed as financial, legal, or investment advice. Market conditions can change rapidly, and past performance does not guarantee future results. Always consult with qualified professionals before making investment decisions.
5.59%
Occupancy Rate
84%