Hibbing, MN

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

27 / 49

Reliable / Active

Cap Rate

17%

Middle-Earners Gross Yield

Revenue

$28,037

Middle-Earners Revenue

Occupancy

67%

Middle-Earners Occupancy

Home Value

$164,317

Median Home Sale Price

Top Earners

$41,590

Top-Earners Revenue

Hibbing

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Hibbing.

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B

Generally Investor friendly

Hibbing Regulations

STRs are allowed and the city provides a clear pathway via zoning/use approvals and state licensing/taxes without city caps; permitting costs are moderate (state health license ~$175–$300) and requirements are known and manageable, though uncertainty about any local STR licensing or possible CUPs adds minor complexity.

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About Hibbing

Hibbing, Minnesota is a community of roughly 16,000 people in St. Louis County, situated in the heart of the state's historic Iron Range region in the northeastern part of the state. Once one of the largest iron-producing centers in the United States, the town has a blue-collar, working-class character layered with a surprising cultural legacy: it is best known as the hometown of musician Bob Dylan and as the home of one of the largest open-pit iron mines in the world. Hibbing sits about 75 miles north-northwest of Duluth, the nearest major city, and serves as a natural gateway for travelers exploring the Iron Range, the Superior National Forest, and the lakes and wilderness of the Arrowhead region.

The centerpiece of any visit to Hibbing is the Hull–Rust–Mahoning Mine View, a National Historic Landmark perched on the edge of an enormous open-pit iron mine that has operated for more than a century. From the overlook, located just a few minutes' drive from downtown, visitors can take in the sheer scale of the pit, which is several miles long and more than 500 feet deep. The site is free to visit and includes interpretive displays about the mining history that shaped the town and the region.

Music fans are drawn to Hibbing by its Bob Dylan connections. Dylan lived in Hibbing from 1947 until he left for Minneapolis and then New York in 1959, and the town has embraced its famous son with a series of sites including a Dylan statue, painted guitar art installations, and a permanent exhibit of Dylan memorabilia at the Hibbing Public Library. His former high school, Hibbing High School, is itself a landmark, and the surrounding streets are dotted with the modest Midwestern homes and landmarks of his youth.

Outdoor recreation is close at hand. The Mesabi Trail, a paved rail-trail that stretches roughly 150 miles across the Iron Range, passes through Hibbing and is a year-round draw for cyclists, walkers, snowmobilers, and cross-country skiers. To the north, within a couple of hours' drive, lie the Boundary Waters Canoe Area Wilderness, Voyageurs National Park, and the Boundary Waters border country, while Lake Superior and the North Shore are accessible to the southeast via Duluth.

For short-term rental owners, Hibbing offers a compelling mix of small-town affordability, distinct heritage attractions, and proximity to some of the most iconic natural areas in the Upper Midwest. Its year-round event calendar, including mining and ethnic heritage festivals, combined with steady interest from Iron Range visitors, North Shore road-trippers, and snowmobile and ATV riders, give the town a diverse and resilient visitor base well suited to a vacation rental investment.

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