Detroit Lakes, MN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Detroit Lakes short-term rental market based on reliable data.
Listings
100 / 642
Reliable / Active
Cap Rate
9%
Middle-Earners Gross Yield
Revenue
$32,222
Middle-Earners Revenue
Occupancy
48%
Middle-Earners Occupancy
Home Value
$352,190
Median Home Sale Price
Top Earners
$76,430
Top-Earners Revenue
Detroit Lakes
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Detroit Lakes.
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Generally Investor friendly
Detroit Lakes Regulations
STRs are explicitly permitted citywide with a clear annual licensing process, moderate fee ($350), and straightforward steps including rental registration, inspection, insurance, and lodging tax registration. The cap of 100 licenses and nontransferability add investment friction, but the city’s rules are organized, predictable, and enforcement is graduated, keeping investor risk manageable.
Local STR Agent
STR specialist · Detroit Lakes, MN
About Detroit Lakes
Detroit Lakes is a city and the county seat of Becker County, Minnesota. The population was 9,869 at the 2020 census. Its unofficial population during summer months is much higher, estimated by citizens to peak at 13,000 midsummers, due to seasonal residents and tourists. U.S. Highways 10 and 59, and Minnesota State Highway 34 serve as the primary routes through the city. Detroit Lakes is located 45 miles east of the Fargo–Moorhead ND-MN statistical metropolitan area. The nearest major metropolitan area with a population over 1 million is Minneapolis–Saint Paul, which is approximately 205 miles southeast of Detroit Lakes. Detroit Lakes is a regional summer and winter recreation destination, attracting large numbers of tourists and seasonal residents each year. Its economy is fueled by seasonal population increases, with tourism being the area's chief industry.