Montevideo, MN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Montevideo short-term rental market based on reliable data.
Listings
5 / 23
Reliable / Active
Cap Rate
7%
Middle-Earners Gross Yield
Revenue
$14,143
Middle-Earners Revenue
Occupancy
49%
Middle-Earners Occupancy
Home Value
$200,532
Median Home Sale Price
Top Earners
$23,684
Top-Earners Revenue
Montevideo
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Montevideo.
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Very Investor friendly
Montevideo Regulations
Montevideo has exceptionally STR-friendly regulations with no city-specific permits, licenses, or caps required. STRs are clearly permitted citywide and investors only need to follow basic Minnesota state lodging requirements with a simple 3% local tax. The complete absence of local regulatory barriers makes this one of the most straightforward STR markets for investors.
Local STR Agent
STR specialist · Montevideo, MN
About Montevideo
Montevideo ( MON-tə-VIH-dee-oh) is a city in Chippewa County, Minnesota, United States. The population was 5,398 at the 2020 census. It is the county seat of Chippewa County. The area around Montevideo was populated by Native Americans and fur traders during the first half of the 19th Century. After the Dakota War of 1862, the US government opened the area to homesteaders. Railroads were built, and settlers followed, including Civil War veterans, Norwegians, Germans, Swedes, Dutch, and Irish. Montevideo was incorporated in 1879.