Performance indicators for the Grand Rapids short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
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Median Home Sale Price
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Top-Earners Revenue
The highest-performing listings in Grand Rapids.
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Generally Investor friendly
STRs are explicitly permitted under Itasca County and the county is actively issuing licenses; costs are moderate ($450 for 3 years) and the steps are clear, with no caps noted and a supportive tone. However, regulations are still evolving via draft ordinances and require multiple documentation and safety/environmental compliance steps, creating moderate uncertainty for investors.
Local STR Agent
STR specialist · Grand Rapids, MN
Grand Rapids is a city in Itasca County, Minnesota, United States, and it is the county seat. The population was 11,126 at the 2020 census. The city is named for the 3.5-mile (5.6 km) long rapids in the Mississippi River which was the uppermost limit of practical steamboat travel during the late 19th century. Today the rapids are hidden below the dam of UPM Paper Company.