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

Park Rapids Short-Term Rental Market Overview

Park Rapids, MN earns an ROI score of 71 out of 100, placing it in the "Attractive Opportunity" tier for short-term rental investors. With an above-average revenue-to-price ratio and an average daily rate of $343, this lake-country destination generates meaningful income during its pronounced summer season. The market remains compact at just 33 active listings, which keeps competition manageable while leaving room for well-positioned properties to capture outsized demand during peak months.

Key Market Statistics

According to Rabbu market data, the Park Rapids short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Park Rapids

Investors are drawn to Park Rapids for its favorable revenue-to-price ratio, concentrated summer demand, and a still-small competitive field that rewards well-amenitized lakefront properties.

Expert Market Assessment

"Park Rapids presents a compelling seasonal opportunity for STR investors who can tolerate pronounced off-peak softness. The summer months of June through August account for a disproportionate share of annual revenue — July alone averages $9,858 — while winter months like March dip to roughly $1,760. This extreme seasonality means investors need to plan cash flow carefully around the quieter months, but the annual revenue picture ($52,071 on average) still holds up well against median home values. The market's small size and above-average revenue-to-price ratio make it particularly attractive for investors comfortable with a vacation-rental model driven by summer lake tourism."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Park Rapids

Average revenue by month in Park Rapids

Park Rapids displays extreme seasonality, with July ($9,858) and August ($9,744) generating roughly five times the revenue of the slowest month, March ($1,760). Investors should expect the bulk of annual income to arrive in a concentrated June-through-August window, with shoulder months like September ($4,685) and October ($3,596) providing a meaningful but smaller contribution.

Active Airbnb listings by property size in Park Rapids

Two-bedroom properties make up the largest share of supply with 9 listings, while 3-bedroom, 4-bedroom, and 5-bedroom sizes are more evenly distributed at 5, 5, and 6 listings respectively. The relatively balanced supply across larger sizes — combined with 5-bedrooms' stronger revenue metrics — suggests group-friendly properties remain in demand without being oversaturated.

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

ADR scales sharply at the top end, with 5-bedroom properties commanding $586 per night — nearly double the $304 rate for 3-bedrooms and well above the $236 for 2-bedrooms. Interestingly, 4-bedroom listings ($300) don't command a meaningful premium over 3-bedrooms, making the jump to 5 bedrooms the clearest pricing inflection point.

Average RevPAN by property size in Park Rapids

Five-bedroom properties deliver the highest RevPAN at $127, followed by 3-bedrooms at $104 and 2-bedrooms at $93, while 4-bedroom listings trail significantly at just $49. The steep drop-off for 4-bedroom units — likely driven by their low 17% occupancy — suggests that size alone doesn't guarantee better per-night returns; pricing and demand alignment matter more.

Average occupancy rates by property size in Park Rapids

Two-bedroom listings lead occupancy at 40%, matching the state average, while 3-bedrooms fill at 34% and larger properties drop off to 22% (5-bedrooms) and 17% (4-bedrooms). Investors in larger properties should expect fewer but higher-value bookings, which still translates to strong revenue for 5-bedroom units despite their lower occupancy.

Average monthly revenue by property size in Park Rapids

Five-bedroom properties top monthly revenue at $5,813, followed by 3-bedrooms at $4,856, with 4-bedrooms ($3,628) and 2-bedrooms ($3,183) trailing behind. The gap between 4-bedroom and 3-bedroom revenue — despite similar ADRs — underscores that occupancy rates play a decisive role in monthly cash flow.

Average annual revenue by property size in Park Rapids

Annually, 5-bedroom listings lead with $69,766 in revenue, and 3-bedrooms follow at $58,278, while 4-bedrooms ($43,547) and 2-bedrooms ($38,199) offer more modest returns. For investors weighing acquisition costs against income potential, the 3-bedroom and 5-bedroom configurations appear to offer the strongest return profiles in this market.

Most common amenities for Airbnb listings in Park Rapids

Every listing in Park Rapids includes a kitchen, and nearly all (94%) offer parking — both essentials for a lake-vacation market. Outdoor amenities dominate the list: BBQ grills (73%), outdoor furniture (64%), patios or balconies (61%), and lake access (55%) all signal that guests expect a full outdoor experience, making waterfront features and well-equipped outdoor spaces key differentiators for new listings.

Understanding Park Rapids's ROI Score: 71/100

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

Park Rapids' ROI score of 71 out of 100 places it in the "Attractive Opportunity" band, driven primarily by an above-average revenue-to-price ratio — meaning the income properties generate here compares favorably to acquisition costs around $505,563. Occupancy stability, market growth, and supply/demand balance all rate as average, reflecting a market that's healthy but not yet overheated. Investors should pair this score with local regulatory research and a clear understanding of the seasonal revenue curve before committing capital.

Short-Term Rental Regulations in Park Rapids

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

Permit Requirements

Operators in Park Rapids, Minnesota may need to obtain a short-term rental permit or register their property with local authorities before listing. Investors should verify current requirements directly with Hubbard County and the City of Park Rapids, as rules can change.

Key Restrictions

Common restrictions in Minnesota lake communities can include occupancy limits tied to bedroom count, minimum stay requirements during certain seasons, noise and quiet-hour ordinances, parking capacity rules, and potential HOA or lake association covenants that limit rental activity. Prospective hosts should review both municipal and any applicable homeowners' association regulations before purchasing.

Tax Obligations

Short-term rental operators in Minnesota are generally subject to state sales tax and local lodging taxes. Many booking platforms collect and remit these taxes automatically, but hosts should confirm their specific obligations with the Minnesota Department of Revenue to ensure full compliance.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Park Rapids should continue to benefit from strong summer tourism tied to its lakes and outdoor recreation, with July and August likely anchoring revenues near the $9,500–$10,000 monthly range. The 55% year-over-year growth in active listings signals rising investor interest, so new entrants should monitor supply carefully — if the pace of new listings moderates, occupancy rates could stabilize or even tick upward. ADR may see modest increases of 2–4% as hosts refine seasonal pricing strategies, though winter months will likely remain soft with revenues in the $1,700–$2,500 range. Overall, the market's fundamentals support cautious optimism, particularly for properties that can differentiate through lakefront access or larger group accommodations."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Park Rapids, MN

What is the average Airbnb occupancy rate in Park Rapids?

The average occupancy rate for Airbnb listings in Park Rapids is currently 30%, which sits below the Minnesota state average of 40%. This reflects the market's strong seasonality — summer months drive much higher occupancy while winter sees considerably less demand. Two-bedroom properties lead the pack at 40% occupancy, while larger 4-bedroom units average around 17%. Investors should factor this seasonal pattern into cash-flow projections.

How much do Airbnb hosts make in Park Rapids?

Airbnb hosts in Park Rapids earn an average of $4,339 per month and approximately $52,071 per year, based on trailing 12-month performance. Revenue varies significantly by property size: 5-bedroom listings lead at roughly $5,813 per month ($69,766 annually), while 2-bedroom properties average $3,183 per month ($38,199 annually). Keep in mind that the summer peak — particularly July and August — accounts for a large share of annual income.

Is Park Rapids a good market for Airbnb investment?

Park Rapids scores 71 out of 100 on Rabbu's ROI Score, placing it in the "Attractive Opportunity" category. The market benefits from an above-average revenue-to-price ratio, meaning the income properties generate compares favorably to acquisition costs. Occupancy stability and growth trends are average, and the supply-demand balance remains healthy. The key consideration is seasonality: most revenue is earned between June and September, so investors should be comfortable with a summer-weighted income model.

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

The average daily rate in Park Rapids is $343, which is below the Minnesota state average of $429. ADR varies substantially by property size: 2-bedroom listings average $236 per night, 3-bedrooms average $304, 4-bedrooms come in at $300, and 5-bedroom properties command a significant premium at $586 per night. This pricing structure rewards investors who can accommodate larger groups seeking lake getaways.

Are short-term rentals legal in Park Rapids?

Short-term rentals do operate in Park Rapids, MN, but local regulations can evolve. Hosts may need to secure permits or register with the city or county, and there may be restrictions around occupancy limits, noise, parking, and minimum stay lengths. It's important to check directly with the City of Park Rapids and Hubbard County for the most current rules before purchasing an investment property.

When is peak season for Airbnb in Park Rapids?

Peak season in Park Rapids runs from June through August, driven by lake tourism and outdoor recreation. July is the highest-earning month with average revenue of $9,858, closely followed by August at $9,744 and June at $6,546. The shoulder months of September and October see moderate activity ($4,685 and $3,596 respectively), while winter and early spring represent the slowest period, with March bottoming out around $1,760.

How many Airbnbs are there in Park Rapids?

As of April 2026, there are 33 active Airbnb listings in Park Rapids. The supply is distributed across 2-bedroom (9 listings), 3-bedroom (5), 4-bedroom (5), and 5-bedroom (6) properties. Notably, the market saw 55% year-over-year growth in active listings, indicating rising investor interest in the area.

How is Airbnb revenue calculated in Park Rapids?

The annual and monthly revenue figures for Park 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. Rabbu averages each comparable listing's actual revenue per available night (RevPAN) by month over the past year, removes regional outliers, and rolls the remaining data up to a market-level historical average. Because each month uses its own historical performance data, the figures naturally reflect seasonal peaks (like July and August) and slower periods (like March). Individual results can vary based on property quality, pricing strategy, location within the market, 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, occupancy, and pricing data for the Park Rapids market
• Average daily rate (ADR) and occupancy rate benchmarks compared against state-level averages
• Revenue and yield metrics including RevPAN, monthly revenue, and annual revenue by property size
• Amenity prevalence data across active listings to identify guest expectations
• Home value estimates sourced from the Zillow Home Value Index (ZHVI) for investment analysis

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month historical averages and market conditions as of the date noted; actual results will vary based on property-specific factors such as location, condition, and management. Local regulations and tax obligations may change; investors should verify current STR rules with city and county authorities before purchasing.