Short Term Rental Trends

Wisconsin Airbnbs & STRs

Partner with RedAwning to leverage our 14 years of expertise. Our proven strategies pave the way to increased profits.
Image of Wisconsin
RedAwning offers vacation rental property management for busy vacation rental owners and Airbnb hosts. Starts at 10% of revenue.
Schedule a call
Call or text 415-941-5206

Current Vacation Rental Performance in Wisconsin

Market Overview

Wisconsin presents a robust and attractive market for vacation rental investments, driven by its diverse travel destinations and a robust tourism industry. The state's picturesque landscapes, including scenic lakes, forests, and vibrant cities, attract a steady flow of tourists seeking various types of getaways.

Key Performance Metrics

  • Occupancy Rates: Areas like Milwaukee show an average occupancy rate of 61%, indicating moderate demand. Wisconsin Dells, known as the "Waterpark Capital of the World," has an occupancy rate of 59%, reflecting its year-round appeal.
  • Average Daily Rates (ADR): Wisconsin Dells boasts an ADR of $339.7, while other areas like Milwaukee have an average nightly rate of $80.
  • Revenue Per Available Rental (RevPAR): Wisconsin Dells has a RevPAR of $207.7, highlighting its strong revenue potential.

Popular Locations

  • Wisconsin Dells: This area is a prime example of high demand due to its abundant tourist attractions, including waterparks, river tours, and theme parks. It offers a unique blend of natural beauty and exhilarating activities, making it a go-to retreat for families and adventurers.
  • Milwaukee: Known for its urban appeal, Milwaukee presents an attractive average monthly income for Airbnb properties, with a moderate occupancy rate.
  • Lake Geneva: This region attracts visitors with its scenic charm and year-round appeal, benefiting Airbnb investors with consistent demand.

Regulatory Considerations

Investors should be aware that regulations for vacation rental properties vary by locality in Wisconsin. It is crucial to research and comply with zoning laws, licensing requirements, and tax obligations specific to the area where the property is located.

Investment Potential

Wisconsin’s vacation rental market shows promising potential, with opportunities ranging from lakefront cottages to urban apartments. Properties near popular lakes, golf courses, and outdoor activities are especially sought after. Medium to large-sized vacation rentals, catering to family gatherings and group vacations, are in high demand.

Overall, Wisconsin’s vacation rental market is characterized by strong demand, diverse investment opportunities, and the need for careful consideration of local regulations and market trends.

Current Airbnb & VRBO Trends by City

No state available.

⇤ All Airbnb & Vacation Rental Locations

FAQ

What does your pricing structure look like?
Our prices start at 10% of revenue. You can check out our pricing page for more information.
What types of vacation rental properties do you manage?
We manage a wide range of vacation rental properties, including single-family homes, condos, apartments, and luxury villas. Our services are tailored to meet the unique needs of each property type.
How do you handle guest support?
Our team provides 24/7 guest support, handling all inquiries, booking assistance, and any issues that may arise during a guest's stay. This ensures a seamless experience for your guests.
What is included in your damage waiver?
Our damage waiver provides $3,000 in coverage per booking, protecting you from accidental damages without the need for security deposits. This coverage is automatically included with every booking.
How does the payment process work?
We handle all aspects of the payment process, including processing payments, managing declined cards, and providing chargeback protection. Funds are deposited directly into your account, ensuring a smooth and secure transaction.
Can I still use my own booking website?
Absolutely! We offer a direct booking website service that allows you to showcase your property and accept bookings directly, bypassing the fees charged by major booking sites.
How do I get started with RedAwning?
Getting started is easy! Simply contact us for a free consultation, and our team will guide you through the onboarding process to ensure a smooth transition to our platform.
Why is RedAwning better than other property management companies?
RedAwning sets itself apart from other property management companies with a technology-driven, cost-effective approach that offers both full-service and partial management options, catering to vacation rental owners who value flexibility and control. Unlike competitors like Vacasa or AvantStay, which focus solely on full-service management with fees ranging from 25-50% of income, RedAwning provides a choice: comprehensive oversight including marketing, reservations, guest support, and maintenance, or a partial-service model emphasizing marketing and bookings across 50+ platforms like Airbnb, Vrbo, and Booking.com, potentially increasing bookings compared to narrower-channel options like Evolve. RedAwning's fees start at 10%. Having served the industry for 15 years, RedAwning combines experience with lower fees and rapid onboarding—listing properties in an afternoon—appealing to hosts who want efficiency without losing decision-making power, though it may not suit those needing extensive local support like Vacasa provides. Its scale (20,000+ properties across 10,000 destinations) and data-driven pricing give it an edge over Evolve’s simpler approach, making it a versatile choice for tech-savvy hosts seeking tailored management solutions.