Wabasha, MN

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

67 / 154

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$26,674

Middle-Earners Revenue

Occupancy

45%

Middle-Earners Occupancy

Home Value

$289,571

Median Home Sale Price

Top Earners

$57,779

Top-Earners Revenue

Wabasha

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Wabasha.

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B

Generally Investor friendly

Wabasha Regulations

STRs are allowed but require a one‑time $200 per‑unit registration, ongoing lodging‑tax remittance (3%), state sales tax (6.875%), and zoning compliance; a possible 12‑month moratorium on new STRs introduces uncertainty.

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About Wabasha

Wabasha, Minnesota, the county seat of Wabasha County, sits along the Mississippi River in the southeastern corner of the state. The city has a population of approximately 2,500 residents and carries the easy pace of a small river town with a historic downtown and a working riverfront. Wabasha is best known as the home of the National Eagle Center and as a gateway to the Upper Mississippi River National Wildlife and Fish Refuge. It lies roughly 35 miles southeast of Rochester, the nearest major city, and about 90 minutes southeast of the Twin Cities of Minneapolis and St. Paul.

The National Eagle Center is Wabasha's marquee attraction, located in the heart of downtown overlooking the river. The center houses non-releasable bald eagles and other raptors that visitors can observe up close, and it serves as a hub for eagle-watching excursions during the winter months when thousands of bald eagles congregate along the open stretches of the Mississippi. Year-round programs, viewing decks, and educational exhibits make it a consistent draw for birders, families, and school groups.

Just outside of town, the Upper Mississippi River National Wildlife and Fish Refuge stretches for hundreds of miles along the river corridor and ranks among the largest river refuges in the country. The sloughs, backwaters, and bottomland forests near Wabasha provide habitat for herons, pelicans, tundra swans, and many other species, while also supporting hiking, paddling, fishing, and wildlife photography. Seasonal interpretive programs run by the U.S. Fish and Wildlife Service give visitors a richer window into this working landscape, and the refuge's presence extends the area's nature-based appeal well beyond eagle season.

A short drive north brings travelers to Lake Pepin, a wide natural lake formed by a sediment delta on the Mississippi River between Minnesota and Wisconsin. Communities such as Lake City and Pepin line its shores, and the lake is a favorite for sailing, fishing, and lakeside dining in warmer months. The scenic byway that traces the river between Wabasha and Red Wing is a popular route for cyclists and road-trippers, with bluffs, overlooks, and small marinas along the way.

Wabasha's blend of small-town character, riverfront setting, and proximity to wildlife-driven tourism gives it a distinctive identity in southeastern Minnesota. For short-term rental owners, the city offers a chance to host visitors who come for eagle watching in winter, river and lake recreation in warmer seasons, and the quiet charm of a historic Mississippi town, all within a comfortable drive of Rochester and the Twin Cities.

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