Wadena, MN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Wadena short-term rental market based on reliable data.
Listings
4 / 8
Reliable / Active
Cap Rate
16%
Middle-Earners Gross Yield
Revenue
$32,045
Middle-Earners Revenue
Occupancy
45%
Middle-Earners Occupancy
Home Value
$204,559
Median Home Sale Price
Top Earners
$95,759
Top-Earners Revenue
Wadena
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Wadena.
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Generally Investor friendly
Wadena Regulations
STRs are permitted with a defined annual licensing pathway and clear operational standards; fees, septic/compliance checks and inspections are moderate, and no citywide cap exists beyond a single STR per parcel, so compliance is workable but not streamlined.
Local STR Agent
STR specialist · Wadena, MN
About Wadena
Wadena ( wə-DEEN-ə) is a city in Otter Tail and Wadena counties in the state of Minnesota. It is about one hundred sixty miles northwest of the Minneapolis – Saint Paul metro area. The population was 4,325 at the 2020 census. It is the county seat of Wadena County.Wadena is an agricultural community and serves as a region hub for the Tri county area. Wadena is located at the crossroads of Highway 10 and Highway 71.