Bonne Terre, MO

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

76 / 116

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$22,244

Middle-Earners Revenue

Occupancy

56%

Middle-Earners Occupancy

Home Value

$205,514

Median Home Sale Price

Top Earners

$44,376

Top-Earners Revenue

Bonne Terre

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Bonne Terre.

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C

Challenging to Investors

Bonne Terre Regulations

STRs are allowed in Bonne Terre but the city has been drafting its own ordinance since 2022, signaling licensing, inspections, and taxes that will add cost and uncertainty. Rules may include occupancy limits, parking/noise standards, and annual inspections, while some subdivisions (e.g., Terre Du Lac) impose extra permits and restrictions, increasing compliance burden.

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About Bonne Terre

Bonne Terre is a small city in St. Francois County in southeastern Missouri, home to roughly 6,000 residents. It sits about 60 miles south of St. Louis along the Interstate 55 corridor, placing it within an easy day-trip distance of a major metropolitan area while still feeling firmly rooted in the rural landscape of the Ozark foothills. The town carries the quiet, blue-collar character of a former mining community, with deep ties to the historic Missouri Lead Belt, and it is best known for one of the most unusual recreational destinations in the country: a converted lead mine that now serves as both a scuba diving site and an underground tour. Because of its central location within the Parkland region, Bonne Terre also functions as a low-key gateway to some of the most visited state parks and natural attractions in eastern Missouri.

The undisputed marquee draw is the Bonne Terre Mine, located essentially within city limits. Once one of the largest lead mines in the world, the flooded underground complex is now billed as one of America's largest freshwater scuba diving destinations, while visitors who would rather stay dry can take guided walking and boat tours through its vaulted tunnels and chambers. The attraction pulls divers and curiosity-seekers year-round and is the primary reason most travelers pass through Bonne Terre.

A short drive west of town, roughly 20 to 30 minutes, brings visitors to Elephant Rocks State Park, where a jumble of massive pink granite boulders the size of houses forms one of the most photographed geological features in the state. The park's Braille Trail is wheelchair accessible and winds right through the heart of the formation, making it a quick, family-friendly stop.

About 30 to 40 minutes southwest of Bonne Terre, Johnson's Shut-Ins State Park offers a dramatically different experience: a natural water park carved by the Black River, where rushing currents have sculpted the rock into slides, gouges, and plunge pools. It is consistently ranked among the best state parks in Missouri and is a major draw for families during the warmer months.

Just a few minutes north of town, St. Joe State Park adds another layer to the area's appeal with miles of marked off-road vehicle trails, a swimming lake, and easy access to additional mine lakes that complement Bonne Terre's water-based offerings.

For short-term rental investors, Bonne Terre offers an interesting mix: a defined, year-round attraction in the mine itself, a cluster of popular state parks within a half-hour radius, and proximity to the St. Louis metro area that supports weekend getaways and family reunions. Its small size keeps entry costs modest, while the unusual nature of the mine and the surrounding outdoor recreation give the market a clear identity that does not depend on a single season.

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