Red Wing, MN Airbnb Market Data, Statistics, and Occupancy Rates

Red Wing Short-Term Rental Market Overview

Red Wing, MN is a compact short-term rental market with just 15 active Airbnb listings and an ROI score of 64 out of 100, placing it in the "Attractive Opportunity" tier. With an average daily rate of $213—roughly half the Minnesota state average—and average annual revenue of $32,009, the market offers accessible entry points for investors drawn to this historic Mississippi River town. Supply growth has been notable at 80% year-over-year, signaling rising investor interest, though occupancy at 25% remains below the state average and warrants careful underwriting.

Key Market Statistics

According to Rabbu market data, the Red Wing 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 Red Wing

Red Wing appeals to investors seeking a small, growing market where favorable supply/demand dynamics and affordable home prices create room for solid returns relative to acquisition costs.

Expert Market Assessment

"Red Wing presents a moderate-to-attractive opportunity for STR investors who can tolerate seasonal swings. Revenue concentrates heavily from May through October, with August ($3,860) and October ($3,761) leading the pack, while January dips to $1,537—a gap that underscores the importance of dynamic pricing and off-season strategies. The market's above-average growth trend and healthy supply/demand balance partially offset the below-average occupancy stability, making it a market where operational savvy can meaningfully move the needle on returns."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Red Wing

Average revenue by month in Red Wing

Red Wing's revenue calendar peaks in August at $3,860 and remains strong through October ($3,761), while January marks the low point at $1,537—a spread of over $2,300 that signals significant seasonality investors must plan around. The warm-weather months from May through October consistently deliver above-average returns, making this a clear summer-and-fall-driven market.

Active Airbnb listings by property size in Red Wing

The entire trackable supply in Red Wing consists of 2-bedroom properties, with 5 active listings in that category. This concentration suggests potential opportunity for investors willing to differentiate with larger or smaller configurations that aren't currently represented in the market.

Average daily rate (ADR) by property size in Red Wing

Two-bedroom listings in Red Wing command an ADR of $169, which sits below the market-wide average of $213—indicating that other property types or premium listings may be pulling the overall average higher. For investors targeting 2-bedroom acquisitions, pricing around this $169 mark provides a realistic baseline for revenue modeling.

Average RevPAN by property size in Red Wing

Two-bedroom properties deliver a RevPAN of $40, reflecting the combination of a $169 ADR and 24% occupancy. This metric highlights the revenue reality after accounting for vacant nights and underscores the importance of strategies to boost booking frequency.

Average occupancy rates by property size in Red Wing

Two-bedroom listings average 24% occupancy, slightly below the market-wide 25% figure. This relatively modest fill rate points to seasonal demand concentration and suggests that active yield management and off-season promotions could meaningfully improve cash-flow consistency.

Average monthly revenue by property size in Red Wing

Two-bedroom properties generate an average of $2,275 per month, falling below the market-wide average of $2,667. This gap hints that non-standard or larger properties in the market may be capturing premium revenue, though the limited data set of 15 total listings means individual property performance can vary widely.

Average annual revenue by property size in Red Wing

At $27,306 in average annual revenue, 2-bedroom listings offer a baseline return that investors can weigh against the market's average home value of $435,993. This translates to a gross yield of roughly 6.3% before expenses, which may improve with operational optimization and occupancy gains.

Most common amenities for Airbnb listings in Red Wing

Parking is universal across Red Wing listings at 100%, followed by kitchens (87%) and backyards (80%)—reflecting a market oriented toward self-sufficient, home-like stays. Workspace availability at 73% signals remote-work appeal, while the scarcity of hot tubs (7%) and pet-friendly listings (13%) represents potential differentiation opportunities for new entrants.

Understanding Red Wing's ROI Score: 64/100

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

Red Wing's ROI score of 64 out of 100 places it in the "Attractive Opportunity" band, reflecting a market where healthy revenue-to-price ratios (rated Average) and above-average growth trends create real upside potential. The below-average occupancy stability is the primary drag on the score, driven by the market's seasonal demand pattern, while the above-average supply/demand balance works in investors' favor by limiting competitive pressure. Pairing this data with thorough local regulatory research and a conservative financial model will help investors determine whether Red Wing fits their portfolio strategy.

Short-Term Rental Regulations in Red Wing

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

Permit Requirements

Red Wing, Minnesota may require short-term rental operators to obtain a permit or register with the city before listing a property. Investors should verify current requirements directly with the City of Red Wing and Goodhue County, as local rules can change.

Key Restrictions

Common restrictions in Minnesota municipalities include occupancy limits tied to bedroom count, minimum-stay requirements, noise and parking regulations, and potential caps on the number of STR permits issued. HOA or neighborhood covenants may impose additional limitations, so reviewing deed restrictions before purchasing is advisable.

Tax Obligations

Short-term rental hosts in Minnesota are generally subject to state sales tax and local lodging taxes. Platforms like Airbnb often collect and remit some of these taxes on behalf of hosts, but operators should confirm compliance with the Minnesota Department of Revenue.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Red Wing's above-average market growth trend and favorable supply/demand balance suggest continued momentum in listing additions and traveler interest. Seasonal revenue data shows strong summer-through-fall performance, and investors can reasonably expect ADR to hold steady or tick up 1–3% as the market matures. Occupancy may gradually improve from the current 25% as awareness of the destination grows, though winter months will likely remain soft. Investors should plan for pronounced seasonality and budget conservatively for January through April revenue in the $1,500–$2,100 range."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Red Wing, MN

What is the average Airbnb occupancy rate in Red Wing?

The average Airbnb occupancy rate in Red Wing is currently 25%, which sits below the Minnesota state average of 40%. This lower figure reflects the market's pronounced seasonality, with stronger bookings during summer and fall and softer demand in winter months. Investors who implement dynamic pricing and targeted marketing during off-peak periods may be able to push occupancy above the market average.

How much do Airbnb hosts make in Red Wing?

Based on trailing 12-month data, Airbnb hosts in Red Wing earn an average of $2,667 per month and approximately $32,009 per year. Monthly revenue varies significantly by season, ranging from around $1,537 in January to $3,860 in August. Two-bedroom properties—the most common listing type—average about $2,275 per month and $27,306 annually.

Is Red Wing a good market for Airbnb investment?

Red Wing earns a Rabbu ROI Score of 64 out of 100, categorized as an "Attractive Opportunity." The market benefits from above-average growth trends and a favorable supply/demand balance, though occupancy stability is below average. With only 15 active listings and rising year-over-year supply growth of 80%, there's room for well-positioned properties to capture demand. Investors should factor in the seasonal revenue pattern and ensure their financial projections account for slower winter months.

What is the average daily rate (ADR) for Airbnb in Red Wing?

The average daily rate for Airbnb listings in Red Wing is $213, which is roughly half the Minnesota state average of $429. For two-bedroom properties specifically, the ADR is $169. This more accessible price point reflects the market's leisure-oriented guest base and smaller-town setting, and it can help drive bookings when paired with strong amenities and guest experience.

Are short-term rentals legal in Red Wing?

Short-term rentals are generally permitted in Red Wing, MN, though operators may need to obtain local permits or register with the city. Regulations can include occupancy limits, parking requirements, and noise restrictions. We recommend checking directly with the City of Red Wing and consulting Minnesota state guidelines to ensure full compliance before listing a property.

When is peak season for Airbnb in Red Wing?

Peak season for Airbnb in Red Wing runs from May through October, with August generating the highest average monthly revenue at $3,860 and October close behind at $3,761. The shoulder months of May ($3,062) and June ($2,864) also perform well. Winter is the slowest period, with January averaging just $1,537, so investors should plan their financial models around this roughly 2.5x swing between peak and off-peak months.

How many Airbnbs are there in Red Wing?

As of April 2026, there are 15 active Airbnb listings in Red Wing. The market has seen significant growth, with an 80% year-over-year increase in active listings. Despite this growth, the supply remains small, which contributes to the above-average supply/demand balance that Rabbu's analysis identifies for this market.

How is Airbnb revenue calculated in Red Wing?

The annual and monthly revenue figures for Red Wing 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 remainder up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently rather than to forecasts, while still naturally reflecting seasonal peaks and slower months because each month uses its own historical performance. Individual results can vary based on property quality, pricing strategy, 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 for the Red Wing market
• Average daily rate, occupancy, and RevPAN metrics tracked over time
• Monthly and annual revenue averages derived from trailing 12-month booking data
• Property size breakdowns for listings, rates, occupancy, and revenue
• Home value data 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 may not capture very recent market shifts. Local regulations, HOA rules, and tax obligations vary and should be independently verified before investing.