Devils Lake, ND Airbnb Market Data, Statistics, and Occupancy Rates

Devils Lake Short-Term Rental Market Overview

Devils Lake, ND presents an attractive short-term rental opportunity driven largely by its lakefront appeal and seasonal outdoor recreation. With an average daily rate of $238—well above the $161 state average—and average annual revenue of $24,672 across just 34 active listings, the market offers a favorable revenue-to-price dynamic against a median home value of $375,457. While occupancy at 33% trails the state average of 38%, the limited supply and strong nightly rates suggest room for well-positioned properties to outperform.

Key Market Statistics

According to Rabbu market data, the Devils Lake short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.

Why Investors Consider Devils Lake

Investors are drawn to Devils Lake for its above-average nightly rates, low competition from just 34 listings, and a lakefront leisure market that supports premium pricing during peak months.

Expert Market Assessment

"Devils Lake earns an ROI score of 61 out of 100, placing it in the "Attractive Opportunity" tier. The market's strength lies in its favorable revenue-to-price ratio and modest supply of competing listings, though below-average occupancy stability tempers the outlook somewhat. Seasonality is pronounced—June peaks at $3,045 in average monthly revenue while November bottoms out near $1,145—so investors should plan for uneven cash flow across the year. Properties that lean into the lake lifestyle with the right amenities and pricing strategy stand the best chance of capturing premium returns during the high season and maintaining adequate bookings through quieter months."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Devils Lake

Average revenue by month in Devils Lake

Revenue in Devils Lake peaks sharply in June at $3,045 and drops to its lowest point in November at $1,145, reflecting a nearly 2.7x spread between the strongest and weakest months. This pronounced seasonality aligns with the lake recreation calendar, making summer months critical for annual return targets while reinforcing the need for conservative budgeting during late fall and early spring.

Active Airbnb listings by property size in Devils Lake

Three-bedroom properties dominate the supply with 13 of 34 total listings, followed by 1-bedrooms at 10. Two-bedroom and 4-bedroom units are relatively scarce at just 5 listings each, which could represent an opportunity for investors to enter underserved segments—particularly given the strong revenue performance of 4-bedroom properties.

Average daily rate (ADR) by property size in Devils Lake

ADR climbs steadily from $178 for 1-bedroom units to $381 for 4-bedroom properties, nearly doubling across the size spectrum. The jump from 3 bedrooms ($226) to 4 bedrooms ($381) is especially steep, suggesting that larger group-ready properties command a significant premium in this lake destination market.

Average RevPAN by property size in Devils Lake

Four-bedroom listings lead decisively with a RevPAN of $157, more than double the $75 achieved by 3-bedroom units and over three times the $46 for 1-bedrooms. This gap indicates that despite higher acquisition costs, larger properties generate meaningfully more revenue per available night after accounting for occupancy differences.

Average occupancy rates by property size in Devils Lake

Occupancy rates range from 26% for 1-bedroom listings to 41% for 4-bedroom properties, with 2-bedrooms and 3-bedrooms falling in between at 36% and 33% respectively. The higher fill rates for larger units suggest stronger demand for group-sized accommodations, which is consistent with a lake vacation market where families and groups are the primary guests.

Average monthly revenue by property size in Devils Lake

Monthly revenue scales from $1,299 for 1-bedroom listings up to $4,039 for 4-bedroom properties—more than a threefold increase. The 3-bedroom sweet spot at $2,335 per month offers a solid mid-range option, while the 4-bedroom segment stands out as the top earner by a wide margin for investors willing to take on larger properties.

Average annual revenue by property size in Devils Lake

Annual revenue ranges from $15,591 for 1-bedroom listings to $48,469 for 4-bedroom properties, with 3-bedrooms generating $28,028. For investors evaluating return potential relative to property acquisition costs, 4-bedroom configurations offer the strongest annual revenue, though the limited supply of just 5 competing listings in that category may also reflect higher barriers to entry.

Most common amenities for Airbnb listings in Devils Lake

Parking is universal across all Devils Lake listings (100%), while BBQ grills (85%), kitchens (79%), pet-friendliness (79%), and self check-in (79%) round out the top five amenities. Lake access appears in 56% of listings, underscoring the recreational focus of this market—investors without lakefront proximity should compensate with strong amenity packages to remain competitive.

Understanding Devils Lake's ROI Score: 61/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Devils Lake's ROI Score of 61 out of 100 places it in the "Attractive Opportunity" band, reflecting a favorable revenue-to-price ratio rated as average and a supply/demand balance that hasn't yet tipped toward oversaturation. The primary drag on the score comes from below-average occupancy stability, a byproduct of the market's seasonal nature—investors should anticipate uneven monthly cash flow. Pairing this data with thorough local regulatory research and a realistic seasonal budget will give a clearer picture of net investment returns.

Short-Term Rental Regulations in Devils Lake

Understanding local STR regulations is essential before investing in Devils Lake. Here's the current regulatory landscape:

Permit Requirements

Operators considering short-term rentals in Devils Lake, North Dakota should verify whether a local business license, STR permit, or registration is required by contacting the city's planning or licensing department. State-level requirements may also apply, so checking with North Dakota's Secretary of State office is advisable before listing a property.

Key Restrictions

Common restrictions that may apply to STR properties include occupancy limits, minimum-stay requirements, noise ordinances, and parking regulations—especially relevant in a lakefront community where seasonal traffic increases. Investors should also review any HOA covenants or neighborhood-specific rules that could limit rental activity, as well as potential permit caps that some municipalities impose on vacation rentals.

Tax Obligations

Short-term rental hosts in North Dakota are generally subject to state sales tax and may owe local lodging or occupancy taxes. Platforms like Airbnb often collect and remit some of these taxes automatically, but hosts should confirm their full tax obligations with a local accountant or the North Dakota Tax Commissioner's office.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Devils Lake can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Devils Lake's STR market is expected to see continued summer-driven demand, with June likely remaining the revenue peak near $3,045 per month. The 60% year-over-year growth in active listings signals rising investor interest, though occupancy could face modest downward pressure if supply outpaces demand—watch for rates to hold in the $230–$250 ADR range as new listings compete. Seasonal softness in November and April will likely persist, so investors should budget for months where revenue dips below $1,400. Overall, steady market growth trends and average supply/demand balance point to stable, if not spectacular, returns for operators who price strategically."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Devils Lake, ND

What is the average Airbnb occupancy rate in Devils Lake?

The average Airbnb occupancy rate in Devils Lake is currently 33%, which falls slightly below the North Dakota state average of 38%. Occupancy varies meaningfully by property size—4-bedroom listings lead at 41%, while 1-bedroom units average just 26%. Seasonal factors play a significant role, with summer months driving the strongest booking activity around Devils Lake.

How much do Airbnb hosts make in Devils Lake?

Airbnb hosts in Devils Lake earn an average of $2,056 per month, which works out to roughly $24,672 annually based on the trailing 12 months of booking data. Revenue scales considerably with property size: 1-bedroom listings average about $15,591 per year, while 4-bedroom properties bring in approximately $48,469. Peak months like June can push monthly revenue above $3,000, though quieter periods like November may dip to around $1,145.

Is Devils Lake a good market for Airbnb investment?

Devils Lake carries a Rabbu ROI Score of 61 out of 100, rating it as an "Attractive Opportunity" for short-term rental investment. The market benefits from above-average daily rates ($238 vs. $161 state average), limited competition with only 34 active listings, and strong lakefront demand during warmer months. The main consideration is below-average occupancy stability, which means revenue can fluctuate seasonally. Investors who target larger properties and optimize for summer peak demand are positioned for the strongest returns.

What is the average daily rate (ADR) for Airbnb in Devils Lake?

The average daily rate for Airbnb listings in Devils Lake is $238, which is significantly higher than the North Dakota state average of $161. ADR scales with property size—1-bedroom units average $178 per night, while 4-bedroom properties command $381 per night. This premium pricing reflects the lakefront and recreational appeal of the area.

Are short-term rentals legal in Devils Lake?

Short-term rentals are generally permitted in Devils Lake, North Dakota, though specific permit, registration, or licensing requirements may apply at the local or state level. Investors should confirm current regulations directly with the City of Devils Lake and review any applicable North Dakota state requirements before purchasing or listing a property. HOA rules and neighborhood restrictions may also affect eligibility in certain areas.

When is peak season for Airbnb in Devils Lake?

Peak season in Devils Lake centers on summer, with June leading all months at an average revenue of $3,045. July follows closely at $2,454, and the broader May-through-September window represents the strongest booking period, driven by lake recreation and outdoor activities. The softest months are November ($1,145) and April ($1,351), creating a notable seasonal swing that investors should factor into their financial planning.

How many Airbnbs are there in Devils Lake?

There are currently 34 active Airbnb listings in Devils Lake as of April 2026. The supply is concentrated in 1-bedroom (10 listings) and 3-bedroom (13 listings) properties, with 2-bedroom and 4-bedroom units each accounting for 5 listings. Year-over-year listing growth of 60% indicates rising investor interest in this market, though overall supply remains quite limited.

How is Airbnb revenue calculated in Devils Lake?

The annual and monthly revenue figures for Devils Lake are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market—not a forward-looking projection. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the results up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance. Individual results can vary based on property quality, pricing strategy, location, and operational management.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts by market and property size
• Average daily rate, occupancy, and RevPAN metrics with state-level comparisons
• Monthly and annual revenue trends based on trailing 12-month booking performance
• Popular amenity data reflecting current listing configurations in the market
• Property value benchmarks sourced from the Zillow Home Value Index (ZHVI)

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and market conditions may have shifted since the most recent update. Local regulations, HOA rules, and tax obligations vary and should be independently verified before investing.