Skip to main content

A lot more Twin Cities residents are signing up for Airbnb

Hmm ... I wonder why?
  • Author:
  • Updated:
    Original:

The number of Twin Cities homeowners signing up to rent rooms or their entire homes through Airbnb has shot up in the past six months.

The home-share website revealed the number of Airbnb hosts in Minneapolis and St. Paul has risen by 73 percent since February.

The Twin Cities had 1,000 Airbnb renters in February. That number is now 1,730, according to an Airbnb press release.

The reason for this? Perhaps it's not surprising, but Airbnb says much of it is down to the Super Bowl, with homeowners looking to cash in on the hundreds of thousands of visitors expected in town for the week.

Related: 
The Tip Jar: Is staying with Airbnb a better deal than a hotel?

Earlier this year Airbnb launched Project 612, which is designed to double the number of Airbnb renters in the Twin Cities.

The program makes it easier for homeowners to become Airbnb hosts, holding events where existing hosts give tips on how to ready a home for renters, and offering pricing tutorials to give prospective hosts an idea of how much they can charge.

The company has also been working with Minneapolis and St. Paul to create a situation where Airbnb collects occupancy taxes from the hosts, and pays it directly to the cities so homeowners don't have to worry about the paperwork.

That hasn't reached a resolution yet however, with Airbnb noting that only St. Paul has released a draft short-term rental ordinance so far, which it describes as "overly-cumbersome."

Minneapolis is still working on a draft.

How much can you make?

Now, with demand expected to be high during the Super Bowl, the temptation will be to hike prices in the hope of securing a windfall.

However, Airbnb said that during the 2017 Super Bowl in Houston, the typical listing price in the city was just $150 a night. And even places close to the stadium were around $200.

Prices however will vary depending on what you're offering to rent. Those just offering a bedroom in their house will likely have to charge less than those offering entire apartments or homes.

And bear in mind that as well as taxes, Airbnb will take a fee of 6-12 percent from whatever you earn.

Information on hosting an Airbnb can be found here.

Next Up

image

BREAKING: Rescue efforts underway for 100+ stuck on ice chunk on Minnesota lake

Red Lake — both Upper and Lower — is the largest freshwater lake in the state.

Screen Shot 2022-11-28 at 9.38.30 AM

St. Paul featured on Hallmark Channel's 'Christmas Cam' livestream

Downtown's dazzling display can be viewed from anywhere in the world.

JamborMugshot

Charges: Drunk driver almost struck Bemidji parade spectators

The man told police he was trying to attend the parade himself.

6

The SCHEELS Experience

Whether looking for reliable hunting and fishing gear or new clothing and shoes, Eden Prairie SCHEELS is a one-stop shopping experience for the whole family.

0

Charges: Man fatally shot ex's new partner as he dined at Bloomington restaurant

Criminal charges filed Monday detail an alleged motive in the shooting.

MetallicaLiveLondonWikimedia

Metallica to perform 2 nights in Minneapolis on 2023-24 World Tour

The heavy metal rock band returns to the state for the first time since 2018.

snow, plow

Tuesday storm to dump plowable snow in Minnesota

Snow should reach the Twin Cities Tuesday morning and fall throughout the day.

Screen Shot 2022-11-28 at 6.57.31 AM

Police: Drunk-driver almost struck people watching parade in Bemidji

The man was arrested for DWI charges following the incident.

police tape

3 at trauma centers in critical condition after rural MN attack

Two victims and the alleged attacker are in critical condition.

grinch neighbor

Neighborhood 'grinch' sends letter to Burnsville family over holiday lights

A Burnsville family's holiday decorations were the subject of an anonymous complaint.

Related

Twin Cities Airbnb host numbers spike ahead of Super Bowl LII

Super Bowl fever is gripping Twin Cities homeowners.

Airbnb reveals plan to help MN homeowners cash in on the Super Bowl

Airbnb says it hopes to double the number of people offering rooms and houses to rent ahead of the NFL extravaganza.

UPS is hiring 1,000 workers in the Twin Cities this weekend

The delivery company needs to fill a mixture of holiday and full-time positions.

Forget hotels: Thousands of Ryder Cup fans picked Airbnb instead

Instead of getting an expensive hotel, thousands of Ryder Cup visitors opted to rent out a house or room via Airbnb.

Minneapolis passes short-term rental law – but Airbnb is considering legal action

The home-share site is unhappy with the city's data-sharing policy.

Grand Portage State Park

Concern as influx of Twin Cities residents reported on North Shore

Minnesotans are being asked to limit their outdoor activities to places near their homes.