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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Fish Creek offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Fish Creek, WI sits at the heart of Door County's vacation economy, drawing summer and fall visitors to its scenic shoreline, galleries, and outdoor recreation. With an average annual revenue of $63,744 across just 57 active listings and an ADR of $327, this small market punches above its weight on a per-property basis. The ROI score of 66 out of 100 reflects an above-average revenue-to-price ratio and solid occupancy stability, making it a compelling niche market for investors who understand its seasonal rhythms.
According to Rabbu market data, the Fish Creek short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 57 |
| Average Daily Rate (ADR) | vs. $368 state avg. | $327 |
| Average Occupancy Rate | vs. 38% state avg. | 27% |
| RevPAN | ADR * Occupancy Rate | $88 |
| Average Monthly Revenue | Historical 12-month average | $5,312 |
| Average Annual Revenue | Historical 12-month average | $63,744 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Fish Creek's appeal lies in its concentrated vacation demand, favorable revenue relative to property costs, and a small, manageable inventory that limits direct competition.
Key investment factors
"Fish Creek presents an attractive but distinctly seasonal opportunity. The revenue gap between winter lows (February at $1,611) and summer highs (August at $12,290) is among the most pronounced you'll see, which means cash-flow planning is essential. That said, the above-average revenue-to-price ratio and occupancy stability suggest that well-managed properties can generate meaningful returns — particularly 3-bedroom and 5-bedroom configurations, which lead in RevPAN. Investors comfortable with a vacation-rental model that concentrates most earnings into five or six months will find this Door County gem worth serious consideration."
— Rabbu Market Analysis Team
Fish Creek's revenue profile is sharply seasonal: August leads at $12,290 and July is nearly identical at $12,265, while February bottoms out at just $1,611 — roughly a 7.6x spread between peak and trough. The June–October window accounts for the bulk of annual income, making summer and early fall the critical earning period for investors.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,705 |
| February |
|
$1,611 |
| March |
|
$2,032 |
| April |
|
$1,945 |
| May |
|
$4,550 |
| June |
|
$7,740 |
| July |
|
$12,265 |
| August |
|
$12,290 |
| September |
|
$7,684 |
| October |
|
$7,103 |
| November |
|
$2,616 |
| December |
|
$2,198 |
Two-bedroom properties dominate the supply with 22 of the 57 active listings, followed by 4-bedroom homes at 14 units. Three-bedroom and 5-bedroom properties are comparatively scarce (7 and 5 listings respectively), which could present a competitive advantage given their stronger revenue metrics.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
7 |
| 2 bedrooms |
|
22 |
| 3 bedrooms |
|
7 |
| 4 bedrooms |
|
14 |
| 5 bedrooms |
|
5 |
ADR climbs steeply with size — from $194–$196 for 1- and 2-bedroom units up to $548 for 5-bedroom homes, nearly a 3x premium. The jump from 2 bedrooms to 3 bedrooms ($194 to $378) is especially notable, suggesting that group-sized properties can command a significant pricing advantage.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$196 |
| 2 bedrooms |
|
$194 |
| 3 bedrooms |
|
$378 |
| 4 bedrooms |
|
$472 |
| 5 bedrooms |
|
$548 |
Three-bedroom properties deliver the highest RevPAN at $156, outpacing even larger configurations, while 2-bedroom units lag at just $48 despite being the most common listing type. Five-bedroom homes also perform well at $131 RevPAN, suggesting that mid-size and larger properties generate the best per-night returns when occupancy is factored in.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$94 |
| 2 bedrooms |
|
$48 |
| 3 bedrooms |
|
$156 |
| 4 bedrooms |
|
$64 |
| 5 bedrooms |
|
$131 |
One-bedroom units lead occupancy at 48%, nearly double the market average, which helps explain their competitive RevPAN despite lower nightly rates. Four-bedroom properties sit at just 14% occupancy — a figure that warrants caution despite their high ADR, as low fill rates can strain cash flow during off-peak months.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
48% |
| 2 bedrooms |
|
25% |
| 3 bedrooms |
|
41% |
| 4 bedrooms |
|
14% |
| 5 bedrooms |
|
24% |
Five-bedroom homes top the monthly revenue chart at $7,308, with 3-bedroom ($6,388) and 4-bedroom ($6,260) properties close behind. One- and 2-bedroom units cluster around $3,700 per month, roughly half the earning power of larger properties, underscoring how group-friendly accommodations drive the strongest returns in this vacation market.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$3,693 |
| 2 bedrooms |
|
$3,726 |
| 3 bedrooms |
|
$6,388 |
| 4 bedrooms |
|
$6,260 |
| 5 bedrooms |
|
$7,308 |
At $87,697 annually, 5-bedroom properties earn nearly twice what 1- and 2-bedroom units produce ($44,327 and $44,713 respectively). Three-bedroom homes offer a compelling middle ground at $76,660 per year, especially given their leading RevPAN — making them potentially the best risk-adjusted configuration for investors.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$44,327 |
| 2 bedrooms |
|
$44,713 |
| 3 bedrooms |
|
$76,660 |
| 4 bedrooms |
|
$75,123 |
| 5 bedrooms |
|
$87,697 |
Parking and a full kitchen are near-universal at 98% of listings, reflecting Fish Creek's drive-to destination character and the self-catering expectations of vacation renters. Outdoor-focused amenities are prominent — BBQ grills (65%), backyards (65%), and patios (67%) — signaling that guests prioritize nature-forward experiences, while hot tubs (21%) and pools (33%) remain differentiators rather than baseline expectations.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
98% |
| Kitchen |
|
98% |
| Washer |
|
72% |
| Dryer |
|
72% |
| Self Check-in |
|
68% |
| Patio or Balcony |
|
67% |
| BBQ Grill |
|
65% |
| Backyard |
|
65% |
| Workspace |
|
51% |
| Outdoor Furniture |
|
46% |
| Pool |
|
33% |
| Pets |
|
32% |
| Hot Tub |
|
21% |
| Gym |
|
16% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Fish Creek Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Above average | 30% |
| Market Growth Trend | Below average | 15% |
| Supply/Demand Balance | Below average | 15% |
Fish Creek's ROI score of 66 out of 100 places it in the 'Attractive Opportunity' band, anchored by above-average marks in revenue-to-price ratio and occupancy stability — two of the most heavily weighted factors. The below-average ratings for market growth trend and supply/demand balance reflect the rapid 196% listing growth, which investors should monitor for signs of saturation. Pairing this data with on-the-ground regulatory research and a conservative cash-flow model will help determine whether a specific property pencils out.
Understanding local STR regulations is essential before investing in Fish Creek. Here's the current regulatory landscape:
Short-term rental operators in Fish Creek and the Town of Gibraltar in Wisconsin should verify whether a tourist rooming house license or local STR permit is required, as Door County municipalities have historically regulated vacation rentals. Investors are encouraged to check with the Door County Zoning Department and the Wisconsin Department of Safety and Professional Services for the most current requirements.
Common restrictions in Wisconsin resort communities can include occupancy limits tied to bedroom count, minimum stay requirements during peak season, noise and quiet-hour ordinances, parking capacity mandates, and potential HOA covenants that may limit or prohibit short-term rentals in certain developments. Some jurisdictions in Door County have also explored caps on the total number of rental permits issued.
Wisconsin imposes a state sales tax and a local room tax on short-term rentals, and Door County may levy an additional county room tax. Platforms like Airbnb often collect and remit some of these taxes automatically, but hosts should confirm their full obligations with the Wisconsin Department of Revenue.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Fish Creek can provide current regulatory guidance.
Financing an Airbnb investment in Fish Creek requires lenders who understand STR income. Rabbu partner lenders offer:
"Expect Fish Creek's deep summer dominance — August revenue tops $12,290 per listing — to remain the primary earnings engine over the next 12–18 months, with shoulder seasons in May–June and September–October providing meaningful supplemental income. Given the 196% year-over-year growth in active listings, ADR may face modest downward pressure, though the market's limited housing stock and strong tourist draw should keep occupancy relatively steady. Investors should anticipate occupancy rates settling in the 25–30% range annually, with summer months far exceeding that average, and plan cash reserves accordingly for the quieter January–April stretch."
— Rabbu Market Analysis Team
Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.
Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month historical averages and may not capture recent regulatory changes or market shifts. Local short-term rental regulations vary and should be independently verified before making any investment decisions.
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