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

Wayzata Short-Term Rental Market Overview

Wayzata, MN is a boutique lakeside market on the western shore of Lake Minnetonka with just 20 active Airbnb listings, signaling very limited supply and a niche opportunity for the right investor. Average annual revenue comes in at $58,720 per listing, driven by strong summer demand and an ADR of $410 — just slightly below the Minnesota state average of $429. However, occupancy sits at 22%, well under the 40% state average, which means revenue is concentrated in peak months and cash flow can be uneven throughout the year.

Key Market Statistics

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

Data sources: Rabbu proprietary analytics as of Apr, 27 2026.

Why Investors Consider Wayzata

Wayzata appeals to investors seeking a low-competition, premium lake-market position with strong summer upside, though the seasonal revenue concentration requires careful financial planning.

Expert Market Assessment

"Wayzata presents a niche opportunity rather than a high-volume play. The market's strength lies in its scarcity — just 20 listings serving a desirable Lake Minnetonka destination — combined with a premium ADR that reflects the area's affluence. Seasonality is pronounced: revenue peaks in August at $7,254 and bottoms out in January at $3,041, creating a roughly 2.4x spread between the strongest and weakest months. Investors who can tolerate thin winter cash flow and capitalize on the June-through-October window will find this market rewarding, but it's not suited for those requiring steady year-round income."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Wayzata

Average revenue by month in Wayzata

Wayzata shows strong seasonality, with August leading at $7,254 and January trailing at $3,041 — a spread of roughly $4,200 between peak and trough. The June-through-October window accounts for the bulk of annual revenue, making summer optimization critical for maximizing returns.

Active Airbnb listings by property size in Wayzata

The available data shows 6 active listings in the 3-bedroom category, which is the only size segment reported. This extremely concentrated supply profile suggests either a very homogeneous market or limited data visibility into other property sizes, and investors exploring different configurations may face less direct competition.

Average daily rate (ADR) by property size in Wayzata

Three-bedroom properties command an ADR of $310, which is notably below the market-wide average of $410. This gap suggests that larger or more premium properties (not broken out in the current data) are pulling the overall market ADR higher, and investors with distinctive or upscale listings could capture that premium tier.

Average RevPAN by property size in Wayzata

Three-bedroom listings produce a RevPAN of $56, which trails the market-wide average of $90. The difference indicates that higher-performing property types in Wayzata are generating significantly more revenue per available night, likely through a combination of higher rates and better occupancy.

Average occupancy rates by property size in Wayzata

Three-bedroom properties average an 18% occupancy rate, which falls below the overall market average of 22%. This suggests that other property types or sizes in Wayzata are achieving stronger booking frequency, and investors in the 3-bedroom segment should focus on competitive pricing and marketing to improve fill rates.

Average monthly revenue by property size in Wayzata

Three-bedroom listings generate an average of $4,764 per month, sitting close to but slightly below the market-wide average of $4,893. This alignment suggests 3-bedrooms are representative of the broader market, though properties in other categories appear to edge out slightly higher monthly income.

Average annual revenue by property size in Wayzata

At $57,179 annually, three-bedroom listings capture the vast majority of the market's $58,720 average annual revenue. For investors targeting Wayzata, a well-positioned 3-bedroom property represents a reasonable baseline expectation, with potential upside for properties offering lake access or premium amenities.

Most common amenities for Airbnb listings in Wayzata

Kitchens (100%), washers (95%), and self check-in (95%) are virtually standard across Wayzata listings, while outdoor-oriented amenities like backyards (85%), patios (75%), and BBQ grills (65%) reflect the market's lakeside lifestyle appeal. Lake access appears in 45% of listings, and investors who can offer direct waterfront or lake access may gain a meaningful competitive edge in this recreation-driven market.

Short-Term Rental Regulations in Wayzata

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

Permit Requirements

Short-term rental operators in Wayzata, Minnesota may need to obtain a permit or register their property with the city before listing. Investors should verify current requirements directly with the City of Wayzata and Hennepin County, as local STR regulations can change.

Key Restrictions

Common restrictions in Minnesota lakeside communities can include occupancy limits, minimum stay requirements, noise ordinances, and parking regulations. HOA covenants are particularly relevant in upscale areas like Wayzata and may prohibit or limit short-term rentals entirely, so reviewing any applicable association rules before purchasing is essential.

Tax Obligations

STR operators in Minnesota are generally subject to state sales tax and any applicable local lodging or tourism taxes, which platforms like Airbnb may collect and remit on the host's behalf. Investors 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 Wayzata can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Wayzata's summer-driven demand pattern is likely to persist, with August and July continuing as the top revenue months. ADR could hold steady or inch up 1–3% as the area's premium lakefront positioning supports higher nightly rates for quality properties. Occupancy may see modest improvement if hosts optimize pricing during shoulder months like May and September, though the off-season gap (January averaging just $3,041) will remain a structural challenge. Investors should plan for significant seasonal variance and budget accordingly."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Wayzata, MN

What is the average Airbnb occupancy rate in Wayzata?

The average Airbnb occupancy rate in Wayzata is currently 22%, which is below the Minnesota state average of 40%. This lower occupancy reflects the market's strong seasonal demand pattern, where summer lake-season bookings dominate and winter months see significantly fewer guests. Hosts who optimize pricing and minimum stays during shoulder months can help improve their individual occupancy above the market average.

How much do Airbnb hosts make in Wayzata?

Airbnb hosts in Wayzata earn an average of $4,893 per month and approximately $58,720 per year based on trailing 12-month historical performance. Revenue varies significantly by season, with peak months like August generating around $7,254 and slower months like January averaging $3,041. Individual results depend on property quality, location relative to the lake, pricing strategy, and guest experience.

Is Wayzata a good market for Airbnb investment?

Wayzata can be a compelling STR market for investors who value low competition and premium positioning. With only 20 active listings and an average daily rate of $410, there's meaningful pricing power in this small lakeside community. The tradeoff is a 22% occupancy rate and pronounced seasonality, so it's best suited for investors comfortable with revenue concentration in the warmer months and who can manage carrying costs during the off-season.

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

The average daily rate for Airbnb listings in Wayzata is $410, which is slightly below the Minnesota state average of $429. This premium rate reflects the desirability of the Lake Minnetonka area and the upscale nature of available properties. Three-bedroom listings specifically average an ADR of $310, suggesting that larger or more unique properties in the market push the overall average higher.

Are short-term rentals legal in Wayzata?

Short-term rentals may be permitted in Wayzata, but operators should check with the City of Wayzata and Hennepin County for current permit requirements and any restrictions that may apply. Local regulations can include zoning limitations, permit or licensing requirements, and specific operational rules. HOA restrictions are also common in upscale communities like Wayzata and should be reviewed before purchasing a property for STR use.

When is peak season for Airbnb in Wayzata?

Peak season for Airbnb in Wayzata runs from June through September, with August being the highest-earning month at an average of $7,254 in revenue. July follows closely at $6,666, and June comes in at $5,984. This summer concentration aligns with Lake Minnetonka's recreational season, when demand for lakeside accommodations is at its strongest.

How many Airbnbs are there in Wayzata?

As of April 2026, there are 20 active Airbnb listings in Wayzata. This is an exceptionally small market, which means limited competition but also limited comparable data. The low supply can work in an investor's favor by supporting higher nightly rates and reducing direct price competition.

How is Airbnb revenue calculated in Wayzata?

The annual and monthly revenue figures for Wayzata 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 roll the remainder 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 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 Wayzata market
• Average daily rates, occupancy rates, and RevPAN metrics across property sizes
• Monthly and annual revenue trends based on trailing 12-month booking data
• Amenity prevalence data across active listings to benchmark guest expectations
• Data sourced from Rabbu proprietary analytics combined with multiple providers for consistency

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month historical averages as of April 2026 and may not capture recent regulatory or market changes. With only 20 active listings, small sample sizes may cause individual metrics to shift meaningfully as listings are added or removed.