Airbnb City Guide: The Best Places To Invest in Minneapolis, Minnesota

Airbnb Rules and Regulations in Minneapolis, Minnesota

As of 2024, Minneapolis enforces a set of regulations for short-term rentals like Airbnb. Hosts are required to obtain a short-term rental license and prominently display their registration ID number on all online listings. The city limits owners to operating one short-term rental property in addition to their homesteaded residence, including properties owned by limited liability companies (LLCs). In buildings with 20 or more units, no more than 10% can be used as short-term rentals. Hosts must submit a management plan, proof of liability insurance, and notify neighbors of their rental property.

Additionally, a floor plan must be posted inside the unit. While certain properties, such as those only renting a bedroom or offering stays of 30 days or more, are exempt from listing a registration ID, they may still need to indicate this exemption on their short-term rental platform account. Failure to comply with these regulations can result in fines and legal consequences, making it crucial for hosts to stay informed and adhere to the city's rules.

Minneapolis Airbnb Market Data:

• Average Revenue – $25.2K per year
• Average Daily Rate – $144.3 per night
• Average Occupancy Rate – 60%
• Average RevPAR – $90.3
• Average Home Prices – $312,872

1. Top Place to Invest in Minneapolis, Minnesota - Corcoran

Nestled in the heart of Hennepin County, Corcoran is a charming suburb that offers a perfect blend of small-town tranquility and proximity to the vibrant city life of Minneapolis. With its growing population and increasing demand for housing, Corcoran has emerged as an attractive destination for Airbnb and short-term rental investors.

Corcoran Airbnb Market Data:

• Average Revenue – $20.5K per year
• Average Daily Rate – $106.1 per night
• Average Occupancy Rate – 63%
• Average RevPAR – $67.2

Convenience - 7/10

Corcoran's strategic location provides easy access to major highways, making it convenient for residents to commute to nearby cities and attractions. The suburb boasts a well-maintained infrastructure, ensuring a smooth and hassle-free experience for both locals and visitors alike.

Tourist Attractions - 6/10

While Corcoran itself may not be a major tourist hub, its proximity to Minneapolis allows visitors to explore the city's numerous attractions, such as the Mall of America, Minneapolis Institute of Art, and the iconic Stone Arch Bridge. The suburb's quaint charm and peaceful atmosphere serve as a welcome retreat for those seeking a break from the bustling city life.

Things to Do - 5/10

Corcoran offers a limited range of activities within its boundaries, primarily catering to outdoor enthusiasts with its parks and trails. However, the nearby cities of Minneapolis and St. Paul provide an abundance of entertainment options, including museums, theaters, and a thriving food scene, ensuring that visitors and residents never run out of things to do.

Average Home Prices - 7/10

According to Zillow data, the median home value in Corcoran as of 2024 stands at $627,500, with prices ranging from the mid-$500s to over $800,000. The suburb has experienced a modest appreciation rate of 2.3% over the past year, indicating a stable and growing real estate market. While prices may be higher compared to some neighboring areas, the potential for strong rental yields and long-term appreciation makes Corcoran an attractive option for investors.

Proximity to Work-Related Travel - 8/10

Corcoran's location is particularly advantageous for those who frequently travel for work. The suburb is situated within a 30-minute drive from major hospitals, convention centers, and sports venues in Minneapolis and St. Paul. This proximity makes it an ideal choice for professionals seeking a comfortable and convenient base while attending conferences, medical appointments, or sporting events.

X-Factor - 7/10

What sets Corcoran apart is its unique blend of suburban tranquility and urban accessibility. The suburb's tight-knit community, excellent schools, and low crime rates create a desirable living environment for families and young professionals alike. As more people seek a balance between the excitement of city life and the serenity of a smaller town, Corcoran's appeal continues to grow, making it an increasingly attractive option for Airbnb and STR investors looking to capitalize on this trend.

2. Top Place to Invest in Minneapolis, Minnesota - Minnehaha

Nestled along the banks of the Mississippi River, Minnehaha is a charming neighborhood in south Minneapolis that offers a perfect blend of natural beauty, urban convenience, and a strong sense of community. With its iconic waterfall, extensive park system, and proximity to downtown, Minnehaha has emerged as an attractive destination for starting an Airbnb business.

Minnehaha Airbnb Market Data:

• Average Revenue – $23.3K per year
• Average Daily Rate – $124.3 per night
• Average Occupancy Rate – 64%
• Average RevPAR – $79.5

Convenience - 8/10

Minnehaha boasts excellent accessibility, with its location just minutes from downtown Minneapolis and easy access to major highways like I-35W and Hiawatha Avenue. The neighborhood is well-served by public transportation, including the Metro Blue Line light rail and several bus routes, making it convenient for both residents and visitors to navigate the area.

Tourist Attractions - 9/10

The crown jewel of Minnehaha is undoubtedly Minnehaha Falls, a stunning 53-foot waterfall that attracts over 850,000 visitors annually. The surrounding Minnehaha Regional Park offers a variety of activities, including hiking trails, bike paths, picnic areas, and gardens. Other nearby attractions include the Mississippi River, Lake Nokomis, and the historic Fort Snelling State Park.

Things to Do - 8/10

Minnehaha offers a plethora of recreational opportunities for residents and visitors alike. From exploring the trails and gardens of Minnehaha Park to enjoying a meal at the popular Sea Salt Eatery, there's no shortage of things to do in the area. The neighborhood also hosts various events throughout the year, such as the Minnehaha Falls Art Fair and the Minnehaha Creek Cleanup.

Average Home Prices - 7/10

As of 2024, the typical home value in Minnehaha is $282,721, according to Zillow. This represents a 4.1% increase over the past year, indicating a stable and growing real estate market. While prices may be slightly higher compared to some other Minneapolis neighborhoods, the potential for strong rental yields and long-term appreciation makes Minnehaha an attractive option for investors.

Proximity to Work-Related Travel - 8/10

Minnehaha's strategic location puts it within easy reach of major employment centers, hospitals, and event venues. The neighborhood is just a short drive or light rail ride from downtown Minneapolis, home to the Minneapolis Convention Center and numerous corporate headquarters. The nearby Minneapolis-Saint Paul International Airport and Mall of America also make Minnehaha a convenient base for business travelers and tourists.

X-Factor - 9/10

What sets Minnehaha apart is its unparalleled combination of natural beauty, rich history, and strong community spirit. The neighborhood's centerpiece, Minnehaha Falls, has been a beloved landmark for centuries, inspiring artists, writers, and visitors from around the world. With its diverse housing stock, excellent schools, and engaged residents, Minnehaha offers a welcoming and vibrant atmosphere that is hard to find elsewhere in the city.

3. Top Place to Invest in Minneapolis, Minnesota - Morris Park

Morris Park, a hidden gem in the heart of Minneapolis, is a charming neighborhood that offers a perfect blend of tranquility and urban convenience. With its tree-lined streets, well-maintained homes, and close-knit community, Morris Park has become an increasingly attractive destination for Airbnb and short-term rental investors looking to capitalize on the city's growing tourism industry.

Morris Park Airbnb Market Data:

• Average Revenue – $26.8K per year
• Average Daily Rate – $130.8 per night
• Average Occupancy Rate – 68%
• Average RevPAR – $88.4

Convenience - 7/10

Situated just a short drive from downtown Minneapolis, Morris Park provides easy access to the city's major highways and public transportation systems. This allows residents and visitors to quickly navigate the area and reach popular destinations with minimal hassle. While the neighborhood itself is primarily residential, a variety of shops, restaurants, and services can be found within a short distance.

Tourist Attractions - 5/10

Morris Park, being a residential area, may not boast a wide array of tourist attractions within its immediate boundaries. However, its proximity to downtown Minneapolis and other popular neighborhoods means that visitors can easily explore the city's numerous cultural and recreational offerings, such as the Minneapolis Institute of Art, the Stone Arch Bridge, and the Mill City Museum.

Things to Do - 6/10

Although Morris Park is primarily a residential neighborhood, it still offers a handful of local parks and green spaces where residents and visitors can enjoy outdoor activities. The nearby Minnehaha Creek and its surrounding parkland provide opportunities for hiking, biking, and picnicking. Additionally, the neighborhood's location allows for easy access to the diverse entertainment and dining options found throughout Minneapolis.

Average Home Prices - 8/10

According to Zillow, the typical home value in Morris Park as of 2024 is $327,900, with prices having appreciated by 3.2% over the past year. This relatively affordable price point, combined with the potential for steady rental income, makes Morris Park an attractive option for Airbnb and STR investors. The neighborhood's well-maintained homes and stable property values further contribute to its appeal.

Proximity to Work-Related Travel - 7/10

Morris Park's location puts it within reasonable proximity to several major work-related destinations in Minneapolis. The neighborhood is just a 15-minute drive from the Minneapolis Convention Center, making it a convenient base for attendees of conferences and trade shows. Additionally, several hospitals and medical centers, such as Abbott Northwestern Hospital and Children's Minnesota, are located nearby, providing accommodation options for visiting medical professionals and patients' families.

X-Factor - 8/10

What sets Morris Park apart is its strong sense of community and small-town charm, despite being located in the heart of a major city. The neighborhood's tree-lined streets, well-kept homes, and friendly residents create a welcoming atmosphere that appeals to both locals and visitors alike. This unique combination of urban convenience and suburban tranquility makes Morris Park an increasingly desirable destination for Airbnb and STR investors looking to offer guests a genuine Minneapolis experience.

4. Top Place to Invest in Minneapolis, Minnesota - Elliot Park

Nestled in the heart of Minneapolis, Elliot Park is a vibrant neighborhood that has undergone a remarkable transformation in recent years. With its prime location, diverse amenities, and growing popularity among young professionals, Elliot Park has emerged as an attractive destination for investors looking to capitalize on the city's thriving tourism industry and establish their own short-term rental.

Elliot Park Airbnb Market Data:

• Average Revenue – $23.4K per year
• Average Daily Rate – $145.2 per night
• Average Occupancy Rate – 54%
• Average RevPAR – $78.4

Convenience - 8/10

Elliot Park boasts an unbeatable location, situated just a short walk from downtown Minneapolis and its countless attractions. The neighborhood is well-served by public transportation, including the Metro Blue and Green Lines, making it easy for residents and visitors to navigate the city without relying on a car. The introduction of new condominiums and apartments has also brought an influx of amenities, such as grocery stores, cafes, and restaurants, further enhancing the area's convenience.

Tourist Attractions - 7/10

While Elliot Park itself may not be a primary tourist destination, its proximity to downtown Minneapolis means that visitors can easily access a wide range of attractions. The nearby Mill City Museum, which showcases the city's rich milling history, and the stunning Guthrie Theater are just a few of the many cultural highlights within walking distance. Additionally, the neighborhood's historic charm and well-maintained parks provide a pleasant backdrop for tourists exploring the area.

Things to Do - 6/10

Elliot Park offers a mix of outdoor recreation and community events that cater to both residents and visitors. The neighborhood's namesake park features a playground, basketball courts, and a unique urban garden project, providing a green oasis amidst the city bustle. The Elliot Park Neighborhood organization also hosts various events throughout the year, such as the Elliot Park Art Walk and the Elliot Park Farmers Market, which showcase local talent and foster a sense of community.

Average Home Prices - 7/10

As of 2024, the typical home value in Elliot Park is $282,909, according to Zillow. This represents a modest 1.3% increase over the past year, indicating a stable and growing real estate market. While prices in Elliot Park may be slightly higher than some other Minneapolis neighborhoods, the area's prime location and ongoing development make it an attractive option for investors seeking solid returns on their Airbnb or STR properties.

Proximity to Work-Related Travel - 9/10

Elliot Park's strategic location makes it an ideal base for business travelers and those attending events at nearby venues. The neighborhood is just a short walk or light rail ride from the Minneapolis Convention Center, which hosts numerous conferences and trade shows throughout the year. Additionally, the new U.S. Bank Stadium, home to the Minnesota Vikings and major concerts, is located on the edge of Elliot Park, providing a steady stream of potential guests for Airbnb and STR hosts.

X-Factor - 8/10

What sets Elliot Park apart is its unique blend of history, community, and urban renewal. The neighborhood's historic buildings, some dating back to the late 19th century, lend a distinct charm to the area, while recent developments have brought a fresh energy and vitality. The strong sense of community, evident in the numerous neighborhood events and initiatives, creates a welcoming atmosphere for both residents and visitors alike. As Elliot Park continues to evolve and grow, its appeal to Airbnb and STR investors is only set to increase.

5. Top Place to Invest in Minneapolis, Minnesota - Kingfield

Nestled in the heart of south Minneapolis, Kingfield is a vibrant neighborhood that offers a perfect blend of urban convenience and small-town charm. With its thriving local businesses, diverse housing options, and strong sense of community, Kingfield has emerged as an attractive destination for Airbnb and short-term rental investors looking to capitalize on the city's growing tourism industry.

Kingfield Airbnb Market Data:

• Average Revenue – $26.1K per year
• Average Daily Rate – $167.9 per night
• Average Occupancy Rate – 58%
• Average RevPAR – $98.5

Convenience - 8/10

Kingfield boasts an unbeatable location, situated just a short drive from downtown Minneapolis and its countless attractions. The neighborhood is well-served by public transportation, including several bus routes and the nearby 38th Street light rail station, making it easy for residents and visitors to navigate the city without relying on a car. The abundance of local amenities, such as grocery stores, cafes, and restaurants, further enhances the area's convenience for both long-term residents and short-term guests.

Tourist Attractions - 6/10

While Kingfield itself may not be a primary tourist destination, its proximity to popular Minneapolis attractions makes it an ideal base for visitors exploring the city. The nearby Chain of Lakes Regional Park, which includes the picturesque Lake Harriet and Lake Calhoun, offers a variety of outdoor activities, from hiking and biking to swimming and paddling. The neighborhood's unique murals and public art installations also provide an interesting backdrop for tourists looking to discover the area's creative side.

Things to Do - 7/10

Kingfield offers a diverse array of activities and events that cater to both residents and visitors. The weekly Kingfield Farmers Market, held from May to October, showcases local produce, artisanal goods, and live music, creating a lively community gathering space. The neighborhood also boasts several popular restaurants and bars, such as the acclaimed Grand Cafe and the cozy Lowbrow, which offer a taste of Minneapolis's thriving culinary scene. Additionally, the nearby Martin Luther King Park provides ample opportunities for outdoor recreation, with its playgrounds, sports fields, and community center.

Average Home Prices - 7/10

According to Zillow, the typical home value in Kingfield as of 2024 is $427,900, with prices having appreciated by 3.8% over the past year. This relatively affordable price point, combined with the potential for strong rental income, makes Kingfield an attractive option for Airbnb and STR investors. The neighborhood's diverse housing stock, which includes a mix of historic bungalows, modern apartments, and multi-family dwellings, provides ample opportunities for investors to find properties that suit their specific needs and budgets.

Proximity to Work-Related Travel - 8/10

Kingfield's strategic location puts it within easy reach of major employment centers and event venues in Minneapolis. The neighborhood is just a 10-minute drive from the Minneapolis Convention Center, which hosts numerous conferences and trade shows throughout the year. The nearby Abbott Northwestern Hospital and Children's Minnesota Hospital also make Kingfield a convenient base for medical professionals and patients' families visiting the area. Additionally, the U.S. Bank Stadium, home to the Minnesota Vikings, is located just a short light rail ride away, providing a steady stream of potential guests during football season.

X-Factor - 9/10

What sets Kingfield apart is its strong sense of community and commitment to fostering a welcoming, inclusive environment. The neighborhood's active community organization, the Kingfield Neighborhood Association (KFNA), works tirelessly to promote local businesses, organize events, and advocate for residents' needs. This tight-knit community spirit, combined with the area's historic charm and progressive values, creates a unique atmosphere that appeals to both long-term residents and short-term visitors alike. As Minneapolis continues to grow and evolve, Kingfield's distinctive character and prime location make it an increasingly desirable destination for Airbnb and STR investors looking to tap into the city's thriving tourism market.

6. Top Place to Invest in Minneapolis, Minnesota - Central

Nestled in the heart of Minneapolis, the Central neighborhood is a vibrant and diverse community that offers a perfect blend of urban convenience and cultural richness. With its prime location, thriving arts scene, and abundance of amenities, Central has emerged as an attractive destination for Airbnb and short-term rental investors looking to capitalize on the city's growing tourism industry.

Central Airbnb Market Data:

• Average Revenue – $48.2K per year
• Average Daily Rate – $252.9 per night
• Average Occupancy Rate – 73%
• Average RevPAR – $185.4

Convenience - 9/10

Central boasts an unbeatable location, situated just steps away from downtown Minneapolis and its countless attractions. The neighborhood is well-served by public transportation, including the Metro Blue and Green Lines, making it easy for residents and visitors to navigate the city without relying on a car. The abundance of local businesses, such as grocery stores, restaurants, and coffee shops, further enhances the area's walkability and convenience.

Tourist Attractions - 8/10

Central is home to some of Minneapolis's most iconic landmarks and cultural institutions. The Minneapolis Institute of Art, with its world-renowned collection spanning 5,000 years of history, is a must-visit for art enthusiasts. The nearby Walker Art Center and Minneapolis Sculpture Garden offer a unique blend of contemporary art and outdoor installations. The neighborhood's proximity to the Mississippi River and St. Anthony Falls provides opportunities for scenic walks and historical exploration.

Things to Do - 8/10

From exploring the vibrant arts scene to indulging in the diverse culinary offerings, Central offers no shortage of things to do. The neighborhood is known for its eclectic mix of restaurants, ranging from cozy cafes to upscale dining establishments. The nearby Guthrie Theater hosts world-class performances throughout the year, while smaller venues showcase local talent. Outdoor enthusiasts can enjoy the many parks and green spaces, such as Gold Medal Park and Mill Ruins Park, which offer stunning views of the city skyline and the Mississippi River.

Average Home Prices - 7/10

As of 2024, the typical home value in Central is $282,909, according to Zillow. This represents a modest 1.3% increase over the past year, indicating a stable and growing real estate market. While prices in Central may be slightly higher than in some other Minneapolis neighborhoods, the area's prime location and strong rental demand make it an attractive option for investors seeking solid returns on their Airbnb or STR properties.

Proximity to Work-Related Travel - 9/10

Central's strategic location makes it an ideal base for business travelers and those attending events at nearby venues. The neighborhood is just a short walk or light rail ride from the Minneapolis Convention Center, which hosts numerous conferences and trade shows throughout the year. The nearby U.S. Bank Stadium, home to the Minnesota Vikings, and Target Field, home to the Minnesota Twins, are also easily accessible from Central, providing a steady stream of potential guests during sporting events and concerts.

X-Factor - 9/10

What sets Central apart is its unique blend of history, culture, and community. The neighborhood's rich industrial past is evident in its stunning architecture, from the historic warehouses converted into loft apartments to the iconic Stone Arch Bridge spanning the Mississippi River. Central's diverse population and strong sense of community create a welcoming atmosphere for both residents and visitors alike, with numerous festivals, markets, and events throughout the year showcasing the area's vibrant spirit. As Minneapolis continues to grow and evolve, Central's distinctive character and unbeatable location make it an increasingly desirable destination for Airbnb and STR investors looking to be at the heart of the action.

7. Top Place to Invest in Minneapolis, Minnesota - Linden Hills

Nestled along the shores of Lake Harriet, Linden Hills is a charming and affluent neighborhood in southwest Minneapolis. With its picturesque tree-lined streets, historic homes, and thriving local business district, Linden Hills has become an increasingly attractive destination for Airbnb and short-term rental investors seeking to capitalize on the area's unique blend of natural beauty and urban convenience.

Linden Hills Airbnb Market Data:

• Average Revenue – $35.6K per year
• Average Daily Rate – $180.2 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $123.3

Convenience - 8/10

Linden Hills offers a perfect balance of suburban tranquility and urban accessibility. The neighborhood is just a short drive from downtown Minneapolis, with easy access to major highways and public transportation. The area's walkable streets and abundant amenities, including a variety of shops, restaurants, and cafes, make it easy for residents and visitors to enjoy the neighborhood without relying on a car.

Tourist Attractions - 7/10

While Linden Hills itself may not be a primary tourist destination, its proximity to some of Minneapolis's most beloved attractions makes it an ideal base for visitors exploring the city. The nearby Chain of Lakes, which includes the stunning Lake Harriet and Lake Calhoun, offers a variety of outdoor activities, from hiking and biking to swimming and paddling. The neighborhood's historic homes and gardens also provide a picturesque backdrop for leisurely strolls and architectural appreciation.

Things to Do - 8/10

Linden Hills offers a diverse array of activities and events that cater to both residents and visitors. The neighborhood's thriving business district, centered around 43rd Street and Upton Avenue, is home to a variety of unique shops, galleries, and restaurants, showcasing the area's creative spirit and culinary prowess. The nearby Lake Harriet Bandshell hosts free outdoor concerts throughout the summer, while the Linden Hills Farmers Market offers a weekly gathering spot for local produce and artisanal goods.

Average Home Prices - 6/10

According to Zillow, the typical home value in Linden Hills as of 2024 is $627,500, with prices having appreciated by 2.3% over the past year. While this may be higher than the Minneapolis average, the neighborhood's strong demand and limited inventory have helped maintain a stable and growing real estate market. For Airbnb and STR investors, the higher home prices may be offset by the potential for premium rental rates and consistent bookings, given the area's desirable location and amenities.

Proximity to Work-Related Travel - 7/10

Although Linden Hills is primarily a residential neighborhood, its location puts it within reasonable proximity to several major work-related destinations in Minneapolis. The area is just a 15-minute drive from the Minneapolis Convention Center, which hosts numerous conferences and trade shows throughout the year. The nearby Abbott Northwestern Hospital and Fairview Southdale Hospital also make Linden Hills a convenient base for medical professionals and patients' families visiting the area.

X-Factor - 9/10

What sets Linden Hills apart is its unparalleled combination of natural beauty, historic charm, and community spirit. The neighborhood's lush green spaces, including the renowned Lake Harriet Park, provide a serene escape from the bustling city life, while its well-preserved homes and gardens offer a glimpse into Minneapolis's rich architectural heritage. The strong sense of community, evident in the numerous neighborhood events and initiatives, creates a welcoming atmosphere for both residents and visitors alike. As Minneapolis continues to grow and evolve, Linden Hills' timeless appeal and prime location make it an increasingly desirable destination for Airbnb and STR investors looking to offer guests a truly unique and memorable experience.

8. Top Place to Invest in Minneapolis, Minnesota - Lowry Hill

Perched on a scenic bluff overlooking downtown Minneapolis, Lowry Hill is an affluent and historic neighborhood that offers a perfect blend of urban sophistication and residential charm. With its stunning architecture, convenient location, and access to world-class amenities, Lowry Hill has emerged as an attractive destination for Airbnb and short-term rental investors seeking to cater to discerning travelers and business professionals.

Lowry Hill Airbnb Market Data:

• Average Revenue – $27K per year
• Average Daily Rate – $159.8 per night
• Average Occupancy Rate – 58%
• Average RevPAR – $97.5

Convenience - 9/10

Lowry Hill boasts an unbeatable location, situated just minutes from the heart of downtown Minneapolis and its countless attractions. The neighborhood's proximity to major highways, including I-394 and I-94, makes it easy for residents and visitors to navigate the city and beyond. Public transportation options, such as bus routes and the nearby Metro Transit light rail, provide convenient alternatives for those without a car. The area's walkable streets and abundance of local amenities, including high-end restaurants, boutiques, and grocery stores, further enhance its appeal for short-term renters seeking a seamless and hassle-free experience.

Tourist Attractions - 8/10

While Lowry Hill itself may not be a primary tourist destination, its central location puts it within easy reach of Minneapolis's most popular attractions. The nearby Walker Art Center, with its world-renowned collection of contemporary art and iconic Sculpture Garden, is a must-visit for culture enthusiasts. The neighborhood's proximity to the Chain of Lakes, including the picturesque Lake of the Isles and Bde Maka Ska, offers ample opportunities for outdoor recreation and scenic walks. The historic Hennepin Avenue, just a short stroll from Lowry Hill, is lined with theaters, music venues, and restaurants, providing endless entertainment options for visitors.

Things to Do - 8/10

Lowry Hill offers a diverse array of activities and experiences that cater to a wide range of interests. The neighborhood's thriving culinary scene, which includes award-winning restaurants like Esker Grove and The Kenwood, is a major draw for food lovers. The nearby Uptown district, known for its vibrant nightlife and eclectic shopping, provides endless opportunities for exploration and entertainment. For those seeking a more laid-back experience, the neighborhood's tree-lined streets and historic homes offer a picturesque setting for leisurely strolls and architectural appreciation. The nearby Minneapolis Sculpture Garden and Loring Park also provide a tranquil escape from the bustling city life.

Average Home Prices - 5/10

According to Zillow, the typical home value in Lowry Hill as of 2024 is $1,127,500, with prices having appreciated by 1.8% over the past year. While this may be significantly higher than the Minneapolis average, the neighborhood's prestigious reputation and limited inventory have helped maintain a stable and exclusive real estate market. For Airbnb and STR investors, the higher home prices may present a barrier to entry, but the potential for premium rental rates and a discerning clientele could justify the investment for those with the means and long-term vision.

Proximity to Work-Related Travel - 9/10

Lowry Hill's strategic location makes it ideal for corporate rentals, targeting business travelers and professionals attending events in Minneapolis. The neighborhood is just a short drive or public transit ride from the Minneapolis Convention Center, which hosts numerous conferences, trade shows, and exhibitions throughout the year. The nearby Abbott Northwestern Hospital and Children's Minnesota Hospital also make Lowry Hill a convenient choice for medical professionals and patients' families visiting the area. Additionally, the neighborhood's proximity to downtown Minneapolis and its major corporate headquarters, including Target and U.S. Bancorp, further enhance its work-related travel appeal.

X-Factor - 9/10

Lowry Hill's unparalleled combination of historic charm, architectural grandeur, and urban sophistication sets it apart. The neighborhood's stately mansions and well-manicured lawns glimpse Minneapolis's gilded past, while its modern condominiums and luxury apartments cater to the discerning tastes of today's affluent residents and visitors. The strong sense of community, evident in the numerous neighborhood events and initiatives, creates a welcoming atmosphere that belies the area's exclusive reputation. As Minneapolis continues to grow and evolve, Lowry Hill's timeless elegance and prime location make it an increasingly desirable destination for Airbnb and STR investors looking to offer guests a truly exceptional and memorable experience.

9. Top Place to Invest in Minneapolis, Minnesota - East Calhoun

Nestled along the eastern shores of the picturesque Bde Maka Ska (formerly Lake Calhoun), East Calhoun is a vibrant and sought-after neighborhood that offers a perfect blend of outdoor recreation, urban convenience, and community spirit. With its prime location, stunning lake views, and access to a wide range of amenities, East Calhoun has become an increasingly attractive area for investing in short-term rentals to capitalize on its growing popularity among tourists and locals.

Convenience - 9/10

East Calhoun boasts an unbeatable location just minutes from the heart of Uptown Minneapolis and its countless attractions. The neighborhood's proximity to major highways, including I-394 and Highway 100, makes it easy for residents and visitors to navigate the city and beyond. Public transportation options, such as bus routes and the nearby Midtown Greenway bike trail, provide convenient alternatives for those without a car. The area's walkable streets and abundance of local amenities, including trendy restaurants, boutiques, and grocery stores, further enhance its appeal for short-term renters seeking a seamless and enjoyable experience.

Tourist Attractions - 8/10

While East Calhoun itself may not be a primary tourist destination, its location puts it within easy reach of some of Minneapolis's most popular attractions. The neighborhood's crown jewel, Bde Maka Ska, offers a wide range of water activities, from swimming and paddleboarding to fishing and sailing. The nearby Chain of Lakes, which includes Lake Harriet and Lake of the Isles, provides additional opportunities for outdoor recreation and scenic walks. The famous Minneapolis Sculpture Garden and Walker Art Center, just a short drive from East Calhoun, are must-visits for art enthusiasts.

Things to Do - 9/10

East Calhoun offers many activities and experiences catering to diverse interests and lifestyles. The neighborhood's thriving culinary scene, which includes popular restaurants like Barbette and Bread & Pickle, is a major draw for food lovers. The nearby Uptown district, known for its vibrant nightlife, indie theaters, and unique shopping, provides endless opportunities for entertainment and exploration. For those seeking a more active lifestyle, the neighborhood's parks, trails, and lake access offer ample hiking, biking, and water sports opportunities. The nearby Lake Harriet Bandshell also hosts free outdoor concerts throughout the summer, adding to the area's lively atmosphere.

Average Home Prices - 6/10

According to Zillow, the typical home value in East Calhoun as of 2024 is $527,500, with prices having appreciated by 2.5% over the past year. While this may be higher than the Minneapolis average, the neighborhood's desirable location, stunning lake views, and strong demand have helped maintain a stable and competitive real estate market. For Airbnb and STR investors, the higher home prices may present a challenge, but the potential for premium rental rates and consistent bookings, given the area's popularity among tourists and locals, could justify the investment for those with a long-term strategy.

Proximity to Work-Related Travel - 8/10

East Calhoun's central location makes it a convenient base for business travelers and professionals attending events in Minneapolis. The neighborhood is just a short drive or public transit ride from the Minneapolis Convention Center, which hosts numerous conferences, trade shows, and exhibitions throughout the year. The nearby Abbott Northwestern Hospital and Hennepin County Medical Center also make East Calhoun a practical choice for medical professionals and patients' families visiting the area. Additionally, the neighborhood's proximity to downtown Minneapolis and its major corporate headquarters, including Target and U.S. Bancorp, further enhance its work-related travel appeal.

X-Factor - 9/10

East Calhoun's unparalleled combination of natural beauty, urban vitality, and community spirit sets it apart. The neighborhood's stunning lake views and access to outdoor recreation provide a serene and rejuvenating escape from the bustling city life, while its proximity to Uptown Minneapolis offers endless opportunities for dining, entertainment, and cultural exploration. The strong sense of community, evident in the numerous neighborhood events and initiatives, creates a welcoming atmosphere that appeals to both residents and visitors alike. As Minneapolis continues to grow and evolve, East Calhoun's unique blend of natural and urban amenities and prime location make it an increasingly desirable destination for Airbnb and STR investors looking to offer guests an unforgettable and authentic Minneapolis experience.

10. Top Place to Invest in Minneapolis, Minnesota - Warehouse District

Located in the heart of downtown Minneapolis, the Warehouse District is a vibrant and historic neighborhood that has undergone a remarkable transformation in recent years. Once a hub for industrial and commercial activity, the area now boasts a thriving arts scene, trendy restaurants, and stylish loft apartments, making it an increasingly attractive destination for Airbnb and short-term rental investors looking to capitalize on the city's growing popularity among tourists and young professionals.

Warehouse District Airbnb Market Data:

• Average Revenue – $43.6K per year
• Average Daily Rate – $187.6 per night
• Average Occupancy Rate – 83%
• Average RevPAR – $152.4

Convenience - 9/10

The Warehouse District boasts an unbeatable location just steps away from the heart of downtown Minneapolis and its countless amenities. The neighborhood's proximity to major highways, including I-394 and I-94, makes it easy for residents and visitors to navigate the city and beyond. Public transportation options, such as the Metro Transit light rail and bus routes, provide convenient alternatives for those without a car. The area's walkable streets and abundance of local amenities, including grocery stores, coffee shops, and fitness centers, further enhance its appeal for short-term renters seeking a seamless and hassle-free experience.

Tourist Attractions - 8/10

While the Warehouse District itself may not be a primary tourist destination, its central location puts it within easy reach of Minneapolis's most popular attractions. The nearby Target Field, home to the Minnesota Twins baseball team, draws sports enthusiasts from around the country. The iconic Stone Arch Bridge, just a short walk from the Warehouse District, offers stunning views of the Mississippi River and the Minneapolis skyline. The neighborhood's proximity to the Guthrie Theater, Mill City Museum, and the Minneapolis Sculpture Garden also provides ample cultural exploration and entertainment opportunities.

Things to Do - 9/10

The Warehouse District offers a diverse array of activities and experiences that cater to a wide range of interests and lifestyles. The neighborhood's thriving arts scene, which includes numerous galleries, studios, and performance venues, is a major draw for creatives and culture enthusiasts. The area's eclectic mix of restaurants, bars, and nightclubs, such as The Freehouse and Cuzzy's, provides endless opportunities for dining, socializing, and entertainment. For those seeking a more laid-back experience, the nearby Gold Medal Park and Mississippi Riverfront offer scenic spots for picnics, walks, and bike rides.

Average Home Prices - 7/10

According to Zillow, the typical home value in the Warehouse District as of 2024 is $427,500, with prices having appreciated by 3.2% over the past year. While this may be higher than the Minneapolis average, the neighborhood's prime location, unique loft-style apartments, and strong demand have helped maintain a stable and growing real estate market. For Airbnb and STR investors, the higher home prices may present a challenge, but the potential for premium rental rates and consistent bookings, given the area's popularity among tourists and young professionals, could justify the investment for those with a long-term strategy.

Proximity to Work-Related Travel - 10/10

The Warehouse District's central location makes it an ideal base for business travelers and professionals attending events in Minneapolis. The neighborhood is just a short walk or light rail ride from the Minneapolis Convention Center, which hosts numerous conferences, trade shows, and exhibitions throughout the year. The nearby Hennepin County Government Center and the U.S. District Court also make the Warehouse District convenient for legal professionals and government employees. Additionally, the area's proximity to major corporate headquarters, including Target, U.S. Bancorp, and Wells Fargo, further enhances its appeal for work-related travel.

X-Factor - 9/10

What sets the Warehouse District apart is its unique blend of historic charm, urban sophistication, and creative energy. The neighborhood's stunning brick and timber buildings, many of which have been converted into trendy loft apartments and office spaces, provide a glimpse into Minneapolis's industrial past, while its modern amenities and vibrant arts scene cater to the tastes and lifestyles of today's urban dwellers. The strong sense of community, evident in the numerous neighborhood events and initiatives, creates a welcoming atmosphere that appeals to both residents and visitors alike. As Minneapolis continues to grow and evolve, the Warehouse District's distinctive character, prime location, and thriving cultural scene make it an increasingly desirable destination for Airbnb and STR investors looking to offer guests a truly authentic and memorable urban experience.