Stillwater, MN Airbnb Market Data, Statistics, and Occupancy Rates

Stillwater Short-Term Rental Market Overview

Stillwater, MN is a charming St. Croix River town that 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 annual revenue of $46,291 across just 49 active listings, the market remains compact enough to avoid oversaturation. The combination of a scenic riverfront setting, seasonal tourism appeal, and relatively manageable competition makes Stillwater a market worth a closer look for investors seeking a foothold in the Minnesota STR space.

Key Market Statistics

According to Rabbu market data, the Stillwater 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 Stillwater

Stillwater's favorable revenue-to-price ratio and limited supply of just 49 listings create a compelling entry point for investors seeking a seasonal STR market with manageable competition.

Expert Market Assessment

"Stillwater presents a moderate-to-strong opportunity for STR investors, anchored by an above-average revenue-to-price ratio that offsets the market's seasonal occupancy dip. Revenue swings dramatically with the calendar—August tops out at $6,578 per month while March bottoms at $2,200, so cash-flow planning should account for roughly a 3:1 peak-to-trough spread. With average occupancy sitting at 26% versus the 40% state average, there's room to outperform if a property is well-appointed and priced to capture shoulder-season demand. The limited supply of 49 listings combined with the town's scenic appeal positions disciplined investors to earn solid returns, particularly with 3-bedroom properties that lead the pack in annual revenue."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Stillwater

Average revenue by month in Stillwater

Stillwater's revenue cycle peaks sharply in summer, with August ($6,578) earning roughly three times what hosts see in March ($2,200). The June-through-September stretch accounts for the lion's share of annual income, while winter months hold relatively steady in the $2,600–$3,000 range rather than collapsing entirely.

Active Airbnb listings by property size in Stillwater

Three-bedroom properties dominate supply with 18 of the 49 active listings, while 4-bedroom homes are the scarcest at just 6 listings. The relative underrepresentation of 4-bedroom units—paired with their strong ADR—could signal an opportunity for investors willing to target larger group-friendly properties.

Average daily rate (ADR) by property size in Stillwater

ADR climbs steadily from $203 for 1-bedroom units to $457 for 4-bedroom properties, more than doubling across the size spectrum. The jump from 2 bedrooms ($290) to 3 bedrooms ($353) is proportionally smaller than the 3-to-4 bedroom leap, suggesting that 4-bedroom homes capture a meaningful premium from group and family travelers.

Average RevPAN by property size in Stillwater

Two-bedroom listings deliver the highest RevPAN at $103, outperforming even the pricier 3-bedroom ($80) and 4-bedroom ($96) categories thanks to their stronger occupancy rates. One-bedroom units trail at $66 per available night, making 2-bedroom properties the most efficient revenue generators on a per-night basis.

Average occupancy rates by property size in Stillwater

Smaller units fill more consistently—2-bedroom listings lead at 36% occupancy, followed by 1-bedrooms at 33%, while 3- and 4-bedroom properties sit at 23% and 21% respectively. Investors targeting larger homes should expect fewer but higher-value bookings, which can still translate to competitive revenue despite lower occupancy.

Average monthly revenue by property size in Stillwater

Three-bedroom properties lead monthly revenue at $4,634, closely followed by 4-bedrooms at $4,588, while 1- and 2-bedroom units cluster around $2,772–$2,890. The near-parity between 3- and 4-bedroom monthly earnings suggests that the additional bedroom adds nightly rate but not enough incremental bookings to meaningfully boost total revenue.

Average annual revenue by property size in Stillwater

Three-bedroom listings top the annual revenue chart at $55,608, with 4-bedroom properties just behind at $55,061—both roughly 60% higher than 1-bedroom units at $33,273. For investors weighing acquisition cost against income, the 3-bedroom tier offers the strongest return potential given its dominant revenue and more moderate purchase price compared to larger homes.

Most common amenities for Airbnb listings in Stillwater

Kitchens (100%) and parking (96%) are table stakes in Stillwater, while self check-in and washer access (both 80%) have become near-essential differentiators. Outdoor features—patios (63%), backyards (61%), and BBQ grills (43%)—reflect the market's appeal as a leisure and nature destination, and waterfront access (20%) can serve as a premium upsell for properties positioned along the St. Croix River.

Understanding Stillwater'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

Stillwater's ROI score of 71 out of 100 places it in the "Attractive Opportunity" band, driven primarily by an above-average revenue-to-price ratio that indicates strong income potential relative to the $611,584 average home value. Occupancy stability, market growth, and supply/demand balance all grade at average, reflecting a steady but seasonally concentrated market without red flags of oversupply or decline. Investors should pair this score with local regulatory research and property-level underwriting to validate that a specific deal pencils out.

Short-Term Rental Regulations in Stillwater

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

Permit Requirements

The City of Stillwater and the State of Minnesota may require short-term rental operators to obtain a permit, license, or registration before listing a property. Investors should verify current requirements directly with Stillwater city offices and the Minnesota Department of Revenue before going live.

Key Restrictions

Common STR restrictions in markets like Stillwater can include occupancy limits tied to property size, noise and nuisance ordinances, off-street parking requirements, and minimum-stay rules. HOA covenants in certain neighborhoods may add further limitations, so reviewing property-level restrictions is an essential step before purchasing.

Tax Obligations

Minnesota imposes state sales tax and local lodging taxes on short-term rentals, and platforms like Airbnb often collect and remit a portion of these on behalf of hosts. Operators should confirm their full tax obligations with the Minnesota Department of Revenue, as additional city-level assessments may also apply.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Stillwater's summer-driven demand pattern should continue to anchor revenue, with peak months (July and August) likely sustaining monthly averages in the $5,900–$6,600 range. Market growth trends and supply/demand balance both grade at average, suggesting the market is neither overheating nor contracting—stable conditions for a measured entry. ADR may see modest increases of 1–3% as the small listing pool limits price competition, though occupancy could remain in the mid-20s on an annualized basis given the pronounced off-season. Investors who price strategically during shoulder months (May, September, October) can capture meaningful incremental revenue beyond the summer core."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Stillwater, MN

What is the average Airbnb occupancy rate in Stillwater?

The average Airbnb occupancy rate in Stillwater is currently 26%, which sits below the Minnesota state average of 40%. This reflects the market's strong seasonal character—summer months drive the bulk of bookings, while winter and early spring see lighter demand. Property size matters too: 2-bedroom units lead at 36% occupancy, while 4-bedroom homes average 21%. Investors who optimize pricing and minimum-stay settings during off-peak months can often push above market averages.

How much do Airbnb hosts make in Stillwater?

Airbnb hosts in Stillwater earn an average of $3,857 per month, which translates to approximately $46,291 per year based on trailing 12-month performance data. Larger properties tend to outperform—3-bedroom listings average $55,608 annually, while 1-bedroom units bring in around $33,273. Monthly earnings range from about $2,200 in March to $6,578 in August, so hosts should plan for meaningful seasonal variation.

Is Stillwater a good market for Airbnb investment?

Stillwater scores 71 out of 100 on Rabbu's ROI Score, earning an "Attractive Opportunity" rating. The market benefits from an above-average revenue-to-price ratio, meaning income potential is strong relative to local property values (averaging $611,584). With only 49 active listings, competition is limited. The main consideration is seasonality—occupancy is concentrated in summer—so investors should ensure they can manage cash flow through quieter months.

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

The average daily rate for Airbnb listings in Stillwater is $346, which falls below the Minnesota state average of $429. ADR scales meaningfully with property size: 1-bedroom units average $203 per night, while 4-bedroom properties command $457. This pricing ladder suggests that larger, well-furnished homes can capture premium nightly rates from families and groups visiting the area.

Are short-term rentals legal in Stillwater?

Short-term rentals operate in Stillwater, MN, but local regulations may require permits, licenses, or registration. Rules around occupancy limits, noise, parking, and minimum stays can also apply. Investors should check directly with the City of Stillwater and Minnesota state agencies to confirm all requirements before listing a property, as regulations can change.

When is peak season for Airbnb in Stillwater?

Peak season in Stillwater runs from June through August, with August being the single highest-earning month at an average of $6,578 in revenue. July follows closely at $5,913, and June averages $4,737. The shoulder months of May ($3,852), September ($4,362), and October ($4,089) also perform respectably. The slowest period is late winter and early spring, with March averaging just $2,200.

How many Airbnbs are there in Stillwater?

As of April 2026, there are 49 active Airbnb listings in Stillwater. The supply is dominated by 3-bedroom properties (18 listings), followed by 1-bedroom (12), 2-bedroom (9), and 4-bedroom (6) units. This compact market means new entrants face relatively little competition, though it also means individual listings can meaningfully influence market-level metrics.

How is Airbnb revenue calculated in Stillwater?

The annual and monthly revenue figures shown for Stillwater 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 results into a market-level historical average. Because each month uses its own historical data, the figures naturally reflect seasonal peaks (like August at $6,578) and slower months (like March at $2,200). 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 for the Stillwater, MN market
• Occupancy rate and average daily rate trends by property size and month
• Revenue and yield metrics including RevPAN, monthly revenue, and annual revenue
• Property value benchmarks sourced from the Zillow Home Value Index (ZHVI)
• Data aggregated from multiple providers and proprietary Rabbu analytics for consistency

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 averages and current snapshots as of April 2026; market conditions can shift due to regulatory changes, economic factors, or seasonal variation. Individual property results will vary based on location, amenities, pricing strategy, and management quality.