Minot, ND

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

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

Listings

45 / 113

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$21,216

Middle-Earners Revenue

Occupancy

69%

Middle-Earners Occupancy

Home Value

$278,332

Median Home Sale Price

Top Earners

$43,805

Top-Earners Revenue

Minot

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Minot.

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A

Very Investor friendly

Minot Regulations

STRs allowed citywide with no dedicated licensing or caps; minimal oversight, low fees, and mainly tax compliance; enforcement tone is supportive of operation while expecting basic safety and local contact.

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About Minot

Minot is a city in north-central North Dakota, serving as the county seat of Ward County and the regional hub for a large swath of the state's northern plains. With a population of approximately 40,000 to 50,000 residents, it carries the long-standing nickname "Magic City," a reference to the remarkable speed of its early growth after the railroad arrived in the late 1800s. Today, Minot is best known for Minot Air Force Base, a major installation hosting both bomber and intercontinental ballistic missile wings, and it functions as a gateway to the borderlands of southern Saskatchewan and the outdoor landscapes of the northern Great Plains. The nearest major city is Bismarck, the state capital, which lies roughly 110 miles to the south-southeast along U.S. Highway 83, while Grand Forks sits several hours to the east.

One of the city's most distinctive cultural attractions is the Scandinavian Heritage Park, a collection of full-scale replicas and monuments honoring the Nordic roots of many North Dakotans. Visitors can walk past a Gol Stave Church replica, a Danish windmill, and a stave-style church reminiscent of those found in Norway, all within a few minutes of downtown. The park is in central Minot and easy to reach from most parts of the city, making it a popular stop for both cultural travelers and families with children.

A short drive south of the city center, the Des Lacs National Wildlife Refuge offers a chain of wetlands and shallow lakes that follow the Des Lacs River northward toward the Canadian border. The refuge is a known stopover for migrating waterfowl and shorebirds, and a series of auto-loop roads and short hiking trails make it accessible to casual visitors and birdwatchers alike. Depending on which portion of the refuge travelers head for, the drive from central Minot is generally under thirty minutes.

For families and travelers seeking a full day of activity, the Roosevelt Park Zoo sits within a large municipal park on the south side of town and houses a varied collection of North American and exotic animals in a compact, walkable layout. The surrounding Roosevelt Park also includes picnic areas, a swimming pool, and an amusement park that operates during the warmer months. Together, the zoo and its park provide a relaxed counterpoint to the city's more military and agricultural rhythms.

Minot's appeal as a short-term rental market comes from the unusual combination of factors it brings together. The steady flow of visitors tied to the air force base, the annual North Dakota State Fair held each summer, regional hunting and fishing trips, and the long winter season all generate demand for flexible lodging. A relatively small supply of hotels, paired with the city's remote location in the northern plains, leaves room for short-term rentals to serve military families on temporary duty, fairgoers, outdoor recreationists heading toward the Canadian border or the Lake Sakakawea reservoir to the south, and travelers passing through on a cross-state or cross-border journey.

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