Duluth Minnesota Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Duluth, Updated April 2024
Rent Your Vacation Home or Condo in Duluth, Minnesota
Duluth is known as the “Gateway to the Northland” and has many offerings for those looking to explore the beautiful landscape and meet new people. Duluth has a vibrant downtown area with plenty of amenities including shops, restaurants, bars, and music venues. It also offers scenic views of Lake Superior and is just minutes away from the St. Louis River. With all these things to do, it’s no wonder why people love renting Duluth homes for a vacation. But not everything is perfect in Duluth; there are some things to keep in mind when renting your Duluth home out as a short-term rental. First, Duluth is a city so it’s important that you make sure your home can accommodate any large groups that may be staying there. If you have pets or children in your home, make sure your Duluth home can accommodate those as well since there are stairs involved in most homes. Second, don’t forget about taxes when you’re deciding if it’s worth it to rent out your Duluth home for a short-term rental. The city taxes on short-term rentals are very high and are considered an additional expense when compared to other property owners. Third, if you’re looking for something more permanent than a short-term rental, consider buying a house! With low
When partnering with RedAwning for your property management needs, we can make sure your Duluth rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Duluth
During the month of November, Duluth is projected to generate over $229/night for a 2 bedroom vacation rental, on average! There were 521 vacation active rental properties in Duluth. 412 are renting the entire place, and 109 are shared rooms. On average, during the month of November 2023, each vacation rental property in Duluth is booked 69% of the time, and most hosts are projected to generate $4,037 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
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$229.00 Per Night*
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69% Occupied*
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$4,037.00 Per Month*
* Based on the median average of all vacation rentals in the Duluth area.
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Vacation Rentals in Duluth are generating record profits with RedAwning.
Find out how you can exceed your revenue goals with RedAwning's property management resources.
Successful short-term vacation rentals in Duluth, Minnesota
The Duluth area boasts a host of amenities for the vacationer, including close proximity to Lake Superior, with some of the area's most beautiful beaches. In addition, there are a number of cultural attractions, and a wide range of restaurants and shopping opportunities. While there are a number of positive trends in the Duluth short-term rental market, there is one big challenge: inconsistent housing supply. As a result, it can be hard to find a place that is both affordable and in a good location. To help mitigate this risk, it's important to start looking early and to check availability on multiple dates. This article was written by RENTCafe
When it comes to renting out your Duluth home as a short-term rental, there are positive trends when considering these factors: There is a growing interest in vacation rentals (short-term rentals) in Duluth. Duluth has many attractions that draw visitors from all over the world. Duluth also has a vibrant tourism industry and a large number of locally owned lodging facilities. Duluth offers a variety of lodging options, ranging from hotels, inns, bed & breakfasts and vacation rentals. The city is well known for its scenic beauty and maritime history, making it an ideal destination for both tourists and locals alike. When you rent out your Duluth home as a short-term rental, it can be an excellent way to make some extra money while enjoying the beautiful scenery and amenities of Duluth.
RedAwning takes the guess-work out of Duluth property management, and we work with you to ensure your Duluth short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Duluth vacation rental could earn:
Revenue Projections for Vacation Rentals in Duluth, Minnesota during December, 2023
Based on a 2 bedroom, which is the most common Duluth vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in December. Higher bars below can command higher prices, if your Duluth vacation rental is available during these days.
$27089%1st
$26990%2nd
$19577%3rd
$19975%4th
$19776%5th
$19875%6th
$20576%7th
$24588%8th
$24888%9th
$19378%10th
$20077%11th
$19977%12th
$20176%13th
$20879%14th
$26986%15th
$27286%16th
$19777%17th
$19676%18th
$20277%19th
$20376%20th
$21178%21st
$25579%22nd
$26080%23rd
$24079%24th
$24279%25th
$24881%26th
$24480%27th
$24381%28th
$28079%29th
$28480%30th
$24078%31st
Average Daily Price & Percent Occupied Next Month In Duluth
Note: These averages are based on a 2 bedroom home in Duluth. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.
Interested in learning how you can maximize your vacation rental revenue in Duluth, Minnesota?
If you are a speculative home buyer or have another home in Minnesota, check out our other Minnesota Vacation Rental Management reports in Bloomington, Minneapolis, Rochester, Rosemount, Minnetrista, Lake George, Saint Paul, Whipholt, Andover, Baxter, Lake Shore, Shakopee, and Lake City, Minnesota or view all of our vacation rental market reports
