Grand Rapids, MN Airbnb Market Data, Statistics, and Occupancy Rates

Grand Rapids Short-Term Rental Market Overview

Grand Rapids, MN presents an appealing short-term rental opportunity anchored by its lakefront setting and strong summer tourism demand. With an average annual revenue of $34,388 and an ADR of $242 — well below the $429 state average — investors benefit from a favorable revenue-to-price ratio relative to the $439,230 average home value. The market is small (just 29 active listings) and highly seasonal, but its concentrated summer peak generates meaningful income for well-positioned properties.

Key Market Statistics

According to Rabbu market data, the Grand Rapids 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 Grand Rapids

Grand Rapids attracts STR investors thanks to its above-average revenue-to-price ratio and nature-driven tourism demand centered on Minnesota's lake country.

Expert Market Assessment

"Grand Rapids earns an ROI score of 67 out of 100, placing it in the "Attractive Opportunity" tier — a market where the numbers work for investors who understand the seasonal dynamics. Revenue is heavily front-loaded into the summer months: July alone ($6,911) generates more than five times what hosts earn in the slowest months like March ($1,227). The above-average revenue-to-price ratio is a standout strength, while occupancy stability and market growth trend are more moderate factors. Investors willing to optimize for a June-through-September peak and manage leaner winter months will find a compact, competition-light market with real earning potential."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Grand Rapids

Average revenue by month in Grand Rapids

Grand Rapids displays stark seasonality, with July ($6,911) earning more than five times the slowest month, March ($1,227). The peak window of June through August accounts for the lion's share of annual income, so investors should budget carefully for the November-through-March off-season when monthly revenue hovers between $1,200 and $1,600.

Active Airbnb listings by property size in Grand Rapids

Supply is fairly evenly distributed among 2-bedroom (9 listings), 3-bedroom (8), and 4-bedroom (6) properties, with no single size dominating the market. The absence of 1-bedroom or studio listings and relatively thin 4-bedroom inventory could signal opportunity for larger properties that command premium nightly rates.

Average daily rate (ADR) by property size in Grand Rapids

Four-bedroom properties command a significant ADR premium at $302 per night — roughly 40% more than 2-bedrooms ($215) and over 50% more than 3-bedrooms ($195). The jump from 3 to 4 bedrooms represents the strongest price-per-bedroom escalation, suggesting groups and families are willing to pay meaningfully more for the extra space.

Average RevPAN by property size in Grand Rapids

RevPAN scales steadily with size, from $61 for 2-bedroom units to $66 for 3-bedrooms and $73 for 4-bedroom properties. While the spread is moderate, the 4-bedroom advantage compounds into substantially higher monthly and annual revenue, making larger homes the efficiency leaders in this market.

Average occupancy rates by property size in Grand Rapids

Three-bedroom properties lead occupancy at 34%, while 2-bedrooms come in at 28% and 4-bedrooms at 25%. The lower occupancy for 4-bedroom homes is offset by their significantly higher ADR, but investors in that segment should expect fewer but more lucrative bookings concentrated in peak season.

Average monthly revenue by property size in Grand Rapids

Four-bedroom properties are the clear top earners at $5,896 per month — more than double the $2,706 generated by 3-bedroom units and $2,592 from 2-bedrooms. The revenue gap between 2- and 3-bedroom configurations is relatively narrow, suggesting the real earnings jump requires stepping up to a 4-bedroom layout.

Average annual revenue by property size in Grand Rapids

At $70,756 in annual revenue, 4-bedroom properties earn more than twice what 3-bedroom ($32,472) or 2-bedroom ($31,114) listings generate. This makes larger homes the strongest candidates for investors seeking to maximize gross income, though acquisition and maintenance costs for bigger properties should be weighed accordingly.

Most common amenities for Airbnb listings in Grand Rapids

Parking dominates at 97% prevalence, followed by self check-in and kitchens at 86% each — essentials that guests clearly expect as standard. The prominence of outdoor-oriented amenities like backyards (76%), BBQ grills (69%), waterfront access (52%), and lake access (45%) underscores that Grand Rapids guests prioritize nature and recreation, making these features near-mandatory for competitive listings.

Understanding Grand Rapids's ROI Score: 67/100

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

Grand Rapids earns a 67 out of 100, placing it in the "Attractive Opportunity" band where revenue potential aligns well with property costs. The standout factor is an above-average revenue-to-price ratio, meaning the income these listings generate is strong relative to the $439,230 average home value — a metric that carries the heaviest weight in the score. Occupancy stability and supply/demand balance rate as average while market growth trends sit below average, so investors should pair these data points with local regulatory research and a realistic seasonal cash-flow model before committing.

Short-Term Rental Regulations in Grand Rapids

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

Permit Requirements

Operators considering a short-term rental in Grand Rapids, Minnesota should check with the city and Itasca County for any permit, registration, or licensing requirements that may apply. Requirements can change, so verifying directly with local planning and zoning offices before purchasing is strongly recommended.

Key Restrictions

Common STR restrictions in Minnesota communities can include occupancy limits tied to bedroom count, noise and nuisance ordinances, off-street parking requirements, and minimum-stay rules. HOA covenants may impose additional constraints, particularly in lakefront developments, so investors should review any applicable deed restrictions alongside municipal regulations.

Tax Obligations

Minnesota imposes a state sales tax and local lodging taxes on short-term rental income, and platforms like Airbnb often collect and remit a portion of these on behalf of hosts. Investors should confirm their full tax obligations — including any county or city-level tourism taxes — with a local tax professional.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, expect Grand Rapids to maintain its pronounced summer seasonality, with July and August driving the bulk of annual returns. ADR could see modest increases of 1–3% as the supply base — which grew significantly year-over-year — stabilizes and operators refine pricing. Occupancy may remain around 32–36% on an annual basis given the market's seasonal nature, though summer months should continue to perform well above that average. Investors who enter now should plan their cash-flow models around a compressed earning window rather than year-round consistency."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Grand Rapids, MN

What is the average Airbnb occupancy rate in Grand Rapids?

The average occupancy rate for Airbnb listings in Grand Rapids is currently 34%, which falls slightly below the Minnesota state average of 40%. Occupancy varies by property size, with 3-bedroom units leading at 34% and 4-bedroom properties sitting at 25%. The lower annual average reflects Grand Rapids' highly seasonal nature — summer months drive the majority of bookings while winter sees considerably lighter demand.

How much do Airbnb hosts make in Grand Rapids?

Airbnb hosts in Grand Rapids earn an average of $2,865 per month and approximately $34,388 per year based on trailing 12-month data. Revenue varies significantly by property size: 4-bedroom listings lead with $5,896 per month ($70,756 annually), while 2-bedroom and 3-bedroom properties generate around $2,592 and $2,706 per month respectively. Peak summer months like July can bring in nearly $6,911, making the warm season critical for annual returns.

Is Grand Rapids a good market for Airbnb investment?

Grand Rapids scores 67 out of 100 on Rabbu's ROI Score, placing it in the "Attractive Opportunity" category. Its strongest factor is an above-average revenue-to-price ratio, meaning earnings are healthy relative to the $439,230 average home value. The market is small and seasonal, so investors should plan for a concentrated summer earning period, but the limited competition (29 active listings) and strong lake-driven tourism demand create a favorable environment for well-managed properties.

What is the average daily rate (ADR) for Airbnb in Grand Rapids?

The average daily rate in Grand Rapids is $242, which is significantly lower than the $429 Minnesota state average. ADR scales notably with property size — 4-bedroom homes command $302 per night, while 2-bedroom properties average $215 and 3-bedroom units come in at $195. The lower ADR compared to the state average reflects the market's rural, vacation-oriented positioning rather than an urban or resort setting.

Are short-term rentals legal in Grand Rapids?

Short-term rentals operate in Grand Rapids, MN, as evidenced by the 29 active listings in the market. However, specific permit, registration, or licensing requirements may apply at the city or county level. Investors should verify current regulations with Grand Rapids city officials and Itasca County before purchasing a property, as rules can evolve over time.

When is peak season for Airbnb in Grand Rapids?

Peak season in Grand Rapids runs from June through August, with July being the clear standout at $6,911 in average monthly revenue. August follows at $5,784, and June comes in at $4,237. The shoulder months of May ($2,888) and September ($3,134) also perform respectably. The slowest months are November through March, when revenue can dip below $1,400 — reflecting the market's strong ties to warm-weather lake recreation.

How many Airbnbs are there in Grand Rapids?

Grand Rapids currently has 29 active Airbnb listings, making it a small and relatively uncrowded market. The supply breaks down primarily into 2-bedroom (9 listings), 3-bedroom (8 listings), and 4-bedroom (6 listings) properties. Year-over-year listing growth has been significant at 206%, suggesting growing investor interest in this lakefront destination.

How is Airbnb revenue calculated in Grand Rapids?

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

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 across property configurations
• Monthly and annual revenue trends based on trailing 12-month booking data
• Home value estimates sourced from the Zillow Home Value Index (ZHVI)
• Amenity prevalence data across active listings in the market

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 may not capture very recent market shifts or regulatory changes. Individual property results will vary based on location, condition, pricing strategy, and management quality.