Waseca, MN

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

8 / 12

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$15,359

Middle-Earners Revenue

Occupancy

40%

Middle-Earners Occupancy

Home Value

$251,687

Median Home Sale Price

Top Earners

$71,169

Top-Earners Revenue

Waseca

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Waseca.

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B

Generally Investor friendly

Waseca Regulations

Waseca permits STRs citywide with no local licensing or caps, and the only requirements are routine state tax registration and life-safety practices, keeping operational costs modest. However, the lack of a city ordinance and ambiguity around any local lodging tax introduces compliance uncertainty and future regulatory risk that investors must monitor.

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About Waseca

Waseca is a small, welcoming city in southern Minnesota that serves as the county seat of Waseca County. With a population of roughly 9,000 residents, it carries the laid-back pace of a rural Midwest community while offering enough amenities, parks, and lake access to appeal to visitors passing through the region. Waseca sits in a landscape of working farmland, prairie edges, and glacial lakes, and is often appreciated as a peaceful gateway to the broader south-central Minnesota outdoors. It lies approximately 80 miles south of Minneapolis–Saint Paul along the U.S. Highway 14 corridor, making it an easy drive from the Twin Cities metro and a natural stopping point for travelers exploring the southern part of the state.

At the heart of the city, Clear Lake and its surrounding parks give Waseca much of its identity. The lake is popular for fishing, paddling, and shoreline walks, and the public beaches and trails around it serve as a community gathering space during the warmer months. Visitors typically use Clear Lake as a base for swimming, picnicking, and catching sunsets over the water, all within a few minutes of downtown. The calm, residential feel of the lake contrasts nicely with the busier state parks farther afield.

A short drive west of Waseca, near Mankato, Minneopa State Park offers a more dramatic natural experience, with waterfalls along the Minneopa Creek and a growing herd of free-roaming bison in a dedicated prairie enclosure. About 40 minutes from Waseca, the park combines short hiking trails, a historic sepulchure-style stone bridge, and a visitor center, making it a popular day trip for families and nature photographers.

To the east of Waseca, Sakatah Lake State Park provides another rewarding outdoor outing, roughly a 30-minute drive via Waterville. The park stretches along a chain of lakes connected by the Cannon River and is well known for its paved multi-use trail that draws cyclists, walkers, and cross-country skiers across the seasons. Canoeing and quiet lake fishing are also common pursuits here.

Waseca's appeal as a short-term rental base comes from its blend of small-town character and access to a surprising variety of southern Minnesota landscapes. Guests can spend mornings by Clear Lake, afternoons chasing waterfalls or spotting bison to the west, and evenings cycling wooded trails to the east, all while returning to a quiet, walkable community. With the Twin Cities within an easy day trip and several distinct state parks within an hour, the city offers a comfortable, low-key alternative to busier Minnesota destinations, well suited for travelers seeking room to roam.

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