Hibbing

As of June 2026, Hibbing, Duluth, Bemidji have 1,026 active Airbnb and VRBO listings. This represents a 1% increase from the previous year.

The average Airbnb or VRBO in Hibbing generates $27K per year. High-performing properties earn $53K/year, while low-performing properties earn $14K/year. The wide performance gap suggests that revenue potential is heavily concentrated in specific listings, indicating that market saturation may be affecting average earners more severely than top-tier assets.

Average home prices in Hibbing vary by property size: 1-bedroom properties cost approximately $140K, 2-bedroom homes average $243K, 3-bedroom properties are around $287K, and 4+ bedroom homes average $354K. These prices reflect median home values across the Hibbing, Duluth, Bemidji area.

Airbnb and VRBO can be profitable in Hibbing, with an average gross yield of 11% across all properties. High-performing properties achieve yields up to 22%, which is considered top for short-term rental investment. This delta indicates that while baseline profitability is achievable, significant yield variance exists due to the current revenue contraction.

The average occupancy rate for Airbnbs and VRBOs in Hibbing is 30%. This occupancy level, combined with an average nightly rate of $271, results in a RevPAR (revenue per available room) of $46 per day.

4+ bedroom properties demonstrate the strongest performance in Hibbing, with an average gross yield of 11% and annual revenue of $39K. These properties balance purchase price ($354K), operating costs, and rental demand most effectively in the Hibbing market.

Short-term rental regulations vary by jurisdiction in the Hibbing area. Hibbing: Lenient. No specific STR regulations identified. Operates under general business and zoning rules. Minimal enforcement. Duluth: Moderate. License required, safety inspections, occupancy limits, noise rules. Growing enforcement with complaint-driven inspections. Bemidji: Lenient. No dedicated STR ordinance. Subject to general lodging and zoning requirements. Light enforcement, complaint-based only. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Hibbing Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 1% year-over-year, while RevPAR has decreased 41%. This indicates balanced supply-demand dynamics. This suggests that the market is adjusting to a lower revenue environment without a significant influx of new competition, pointing toward a period of stabilization.

Launch around April, 2-3 months before peak summer season (July peaks). This pre-peak timing lets you build reviews when competition is 85% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (January-March) when gaining traction is harder.

The most common amenities in Hibbing listings include: Kitchen (92%), Air Conditioning (88%), Tv (74%), Heating (58%), Washing Machine (57%). Amenities that boost revenue the most include Washing Machine, Sauna, Hot Tub, with Washing Machine properties earning approximately 75% more ($56K/year vs $32K/year).

Monthly estimated revenue per listing in Hibbing over the last 12 months: May: $2K, June: $2K, July: $3K, August: $3K, September: $2K, October: $1K, November: $820, December: $910, January: $824, February: $796, March: $705, April: $702. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Hibbing is $271, up 7% year-over-year. By property size: 1-bedroom properties average $156/night, 2-bedroom properties average $206/night, 3-bedroom properties average $288/night, 4+ bedroom properties average $474/night. Rates peak in July and are lowest in April.

Guests in Hibbing book an average of 36 days in advance, down 24% from last year. By property size: 1-bedroom: 32 days, 2-bedroom: 33 days, 3-bedroom: 38 days, 4+ bedroom: 43 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Hibbing Airbnb and VRBO market has seen the following changes: supply grew 1%, revenue per listing decreased 41%, occupancy fell 10%, average nightly rates increased 7%, and lead time decreased 24%. These shifts highlight a trend of compressed booking windows and lower utilization, suggesting that operators are facing increased friction in securing consistent occupancy.

In Hibbing, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Friday and are lowest on Tuesday. Weekends show 43% higher occupancy than weekdays.