Duluth, MN

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Duluth short-term rental market based on reliable data.

Listings

356 / 687

Reliable / Active

Cap Rate

15%

Middle-Earners Gross Yield

Revenue

$44,391

Middle-Earners Revenue

Occupancy

59%

Middle-Earners Occupancy

Home Value

$297,470

Median Home Sale Price

Top Earners

$96,510

Top-Earners Revenue

Duluth

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Duluth.

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C

Challenging to Investors

Duluth Regulations

Duluth explicitly allows STRs with three clear categories and reasonable AHS terms, but full‑time rentals (VDU) face a significant citywide permit cap (with a waiting list) and Form‑district carve‑outs, while AVDUL is limited to just 21 rental nights/year—combined, these caps and constraints, plus multi‑step permitting/inspections, create notable investor risk.

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About Duluth

Duluth sits at the western tip of Lake Superior in St. Louis County, Minnesota, with a population of roughly 86,000 residents. A working port city with deep maritime roots, Duluth has evolved into a year-round tourism hub that pairs industrial-heritage character with sweeping waterfront scenery. The city is best known as the western anchor of the North Shore of Lake Superior and as one of the largest inland ports in the United States. Minneapolis–Saint Paul lies about 150 miles to the south, a drive of roughly two and a half hours, making Duluth an accessible long-weekend destination for much of the Upper Midwest.

Canal Park is the social and visual heart of Duluth. Set on a narrow strip of land between Lake Superior and the Duluth Ship Canal, the district centers on the famous Aerial Lift Bridge, which raises dozens of times a day to let ocean-going freighters pass into the harbor. The Lakewalk, a paved waterfront trail, links Canal Park with neighboring bays and parks, and the area is filled with restaurants, breweries, and shops that cater to both ship-watchers and casual strollers. It sits within walking distance of downtown lodging.

About an hour and a half northeast of Duluth, Split Rock Lighthouse perches on a cliff above the lake. One of the most photographed lighthouses in the country, the historic station is operated by the Minnesota Historical Society and offers cliffside overlooks, a museum in the former fog-signal building, and ranger-led programs. The lighthouse is a common stop on the North Shore Scenic Drive, which traces Highway 61 northeast toward the Canadian border.

Closer to town, Spirit Mountain rises just outside the city limits and serves as Duluth's ski, snowboard, and summer adventure center. In winter it offers downhill runs, tubing, and terrain parks, while summer brings a chairlift-served alpine coaster and mountain biking trails. The resort's proximity — roughly ten minutes from Canal Park — makes it a natural fit for short-term-rental guests who want outdoor thrills without a long drive.

About forty miles up the shore, Gooseberry Falls State Park showcases the river-meets-Lake-Superior scenery that defines the region. Layered basalt cliffs, a series of cascading waterfalls, and easy hiking paths draw visitors year-round. The park's accessibility from Highway 61 makes it one of the most popular day trips in northeastern Minnesota.

Duluth's blend of waterfront culture, four-season recreation, and easy access to the North Shore gives short-term-rental owners a market with broad appeal. Summer brings ship arrivals, festivals, and lakeside traffic; winter pulls skiers, snowmobilers, and visitors chasing the Northern Lights along the coast. With a stable base of regional travelers from the Twin Cities and steady interest from road-trippers exploring Lake Superior, Duluth rewards hosts who can offer a comfortable base for both quick getaways and longer North Shore adventures.

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