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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Green Lake presents a competitive opportunity: investor interest and demand are strong, but higher prices or tighter competition may require more selective deal sourcing.
Green Lake, WI is a small lakeside market with just 16 active Airbnb listings and a pronounced summer-driven revenue cycle. The average daily rate of $415 sits well above the Wisconsin state average of $368, though occupancy at 15% trails the state's 38% mark considerably. With average annual revenue of $34,677 against average home values north of $1.1 million, the revenue-to-price ratio is tight — making careful property selection and strong seasonal pricing strategy essential for investors entering this market.
According to Rabbu market data, the Green Lake short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 16 |
| Average Daily Rate (ADR) | vs. $368 state avg. | $415 |
| Average Occupancy Rate | vs. 38% state avg. | 15% |
| RevPAN | ADR * Occupancy Rate | $63 |
| Average Monthly Revenue | Historical 12-month average | $2,889 |
| Average Annual Revenue | Historical 12-month average | $34,677 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Green Lake appeals to investors drawn to premium nightly rates in a low-supply lake destination, though high home values and deep seasonality require disciplined deal sourcing.
Key investment factors
"Green Lake presents a competitive but narrowly focused opportunity for STR investors. The market's strength lies in premium summer demand — July alone averages $8,646 in revenue — but off-peak months like February ($630) illustrate how dramatically earnings can contract. With a 53 out of 100 ROI score, the market rewards investors who can acquire properties below the $1.1 million average home value and maximize the June-through-August window through sharp pricing and high guest satisfaction. The limited listing count keeps competition manageable, yet the below-average revenue-to-price ratio means margins depend heavily on operational execution."
— Rabbu Market Analysis Team
Green Lake's revenue cycle is sharply seasonal: July leads at $8,646 and August follows at $6,569, while February bottoms out at just $630 — a 13x spread between peak and trough. Investors should expect roughly 60% of annual income to concentrate in the June–August window, making summer pricing optimization critical.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,322 |
| February |
|
$630 |
| March |
|
$1,558 |
| April |
|
$1,110 |
| May |
|
$1,998 |
| June |
|
$4,800 |
| July |
|
$8,646 |
| August |
|
$6,569 |
| September |
|
$2,874 |
| October |
|
$2,141 |
| November |
|
$1,629 |
| December |
|
$1,395 |
All 6 tracked listings in the property-size breakdown are 4-bedroom homes, indicating that larger vacation-style properties dominate the Green Lake STR market. This concentration suggests that guests seek spacious accommodations for family or group lake getaways, and investors considering smaller configurations would be entering largely uncharted territory in this market.
| Size | Trend | Value |
|---|---|---|
| 4 bedrooms |
|
6 |
Four-bedroom properties in Green Lake command an ADR of $604, significantly above the market-wide average of $415 — reflecting the premium that guests are willing to pay for larger lakeside homes. This rate positions these properties firmly in the upscale vacation rental tier for Wisconsin.
| Size | Trend | Value |
|---|---|---|
| 4 bedrooms |
|
$604 |
Four-bedroom listings generate a RevPAN of $49, which is lower than the market-wide figure of $63, suggesting that occupancy challenges offset their higher nightly rates. Investors in this segment should focus on boosting fill rates during shoulder and off-peak months to improve per-night revenue efficiency.
| Size | Trend | Value |
|---|---|---|
| 4 bedrooms |
|
$49 |
Four-bedroom properties average just 8% occupancy, well below the already-low market average of 15%. This indicates that while these homes earn premium rates when booked, they sit vacant for extended periods — underscoring the importance of aggressive marketing and flexible pricing during non-summer months.
| Size | Trend | Value |
|---|---|---|
| 4 bedrooms |
|
8% |
Four-bedroom homes average $2,337 in monthly revenue, slightly below the market-wide $2,889 average. The gap suggests that the overall market figure may be buoyed by a small number of higher-performing listings, and investors should model conservatively using the size-specific data.
| Size | Trend | Value |
|---|---|---|
| 4 bedrooms |
|
$2,337 |
At $28,048 in average annual revenue, 4-bedroom properties fall below the market-wide average of $34,677. Given average home values above $1.1 million, the gross yield on a typical 4-bedroom acquisition is modest — reinforcing the need for below-market purchase prices or value-add strategies to hit target returns.
| Size | Trend | Value |
|---|---|---|
| 4 bedrooms |
|
$28,048 |
Kitchens (94%), parking (88%), and self check-in (88%) are near-universal across Green Lake listings, while outdoor amenities like BBQ grills (81%) and backyards (75%) reflect the lake-vacation guest profile. Notably, only 25% of listings offer lake access and just 13% are waterfront — properties with direct water access could command significant premiums in this market.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
94% |
| Parking |
|
88% |
| Self Check-in |
|
88% |
| BBQ Grill |
|
81% |
| Backyard |
|
75% |
| Dryer |
|
75% |
| Washer |
|
75% |
| Patio or Balcony |
|
69% |
| Outdoor Furniture |
|
56% |
| Workspace |
|
50% |
| Lake Access |
|
25% |
| Pets |
|
19% |
| Waterfront |
|
13% |
| Beach Access |
|
6% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Green Lake Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Below average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Above average | 15% |
| Supply/Demand Balance | Average | 15% |
Green Lake's ROI Score of 53 out of 100 places it in the Competitive Opportunity band, meaning investor interest and demand are present but returns require more selective deal sourcing. The below-average revenue-to-price ratio is the primary drag — with homes averaging over $1.1 million and annual revenue around $34,677 — while average occupancy stability and above-average market growth provide some counterbalance. Investors should pair this data with thorough local regulatory research and target properties priced well below the market median to improve their yield profile.
Understanding local STR regulations is essential before investing in Green Lake. Here's the current regulatory landscape:
Short-term rental operators in Green Lake, Wisconsin may need to obtain a permit or register their property with local authorities before listing. Investors should verify current requirements with the City of Green Lake and the Wisconsin Department of Revenue, as rules can evolve.
Common restrictions in Wisconsin lake communities can include occupancy limits tied to property size, minimum-stay requirements during certain seasons, noise ordinances, parking regulations, and potential HOA-level restrictions. Some municipalities also cap the total number of STR permits issued, so it's worth confirming availability before purchasing.
Wisconsin typically requires short-term rental hosts to collect and remit state sales tax and local room taxes. Platforms like Airbnb often handle a portion of tax collection automatically, but hosts should confirm their obligations with the Wisconsin Department of Revenue to ensure full compliance.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Green Lake can provide current regulatory guidance.
Financing an Airbnb investment in Green Lake requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Green Lake's above-average market growth trend suggests continued momentum in listing demand, though the compressed summer earning window will remain the primary revenue driver. Investors should expect peak-month revenues (June through August) to carry the bulk of annual income, with off-season months contributing modestly. ADR may see incremental gains of 2–5% if supply stays limited and visitor interest continues growing, but occupancy rates will likely hover in the 15–20% range annually given the market's seasonal nature. Any improvement in shoulder-season demand — perhaps driven by fall foliage or event programming — would meaningfully boost returns."
— 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 Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and may not capture very recent market shifts. Local regulations and permit requirements can change; investors should verify current rules with municipal and state authorities before purchasing.
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