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AirDNA Data: US Minnesota Lake City

How is Lake City performing?

38

Bad
Market Score

49

Investability

28

Rental Demand

53

Revenue Growth

39

Seasonality

47

Regulation

Annual Revenue

$21.8K

+3%

past year

Occupancy Rate

42%

+4%

past year

Average Daily Rate

$227.2

+3%

past year

Revenue per Available Rental (RevPAR)

$101.3

+6%

past year

Lake City Performance Details

Total available listings

87

+3%

past year

Listings by rental channel

Channel

Airbnb (30%)

Vrbo (41%)

Both (29%)

Listings by rental size

Bedrooms

1 Bedroom (37%)

2 Bedroom (28%)

3 Bedroom (21%)

4 Bedroom (10%)

5+ Bedroom (5%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (8%)

91-180 nights (22%)

181-270 nights (46%)

271-365 nights (24%)

Listings by rental type

Type

Entire Home (94%)

Private Room (6%)

Shared Room (0%)

Listings by Cancellation Policy

Flexible (14.9%)

Moderate (57.5%)

Strict (20.7%)

Super Strict (6.9%)

Listings by Minimum Stay

1 Night (0.0%)

2 Nights (51.7%)

3 Nights (16.1%)

4-6 Nights (1.1%)

7-29 Nights (2.3%)

30+ Nights (28.7%)

What amenities do listings have?

Aircon

98%

Wireless Internet

97%

Heating

97%

Parking

97%

Tv

95%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Evolve
21.0%30
4.97

Occupancy

Occupancy Rate

42%

+5%

past year

Booking lead time
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Length of stay
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Revenue

Average revenue

$2,181,793

+5%

past year

How much revenue did listings earn per month?

Average revenue over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Rates

Revenue per available rental (RevPAR)

$42

+5%

past year

Revenue per available rental
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Revenue per available rental (RevPAR) over the last 5 years
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What was the average daily rate?

Average daily rate over the last 5 years

-3%

past year

2023
2022
2021
2020
2019
2018

Revenue per available rental (RevPAR)

Revenue per available rental

$42

-7%

past year

Weekend revenue per available rental (RevPAR)
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018
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