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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Merrillan offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Merrillan, WI is a small but compelling short-term rental market where favorable revenue-to-price dynamics stand out for investors looking beyond crowded metro areas. With an average annual revenue of $36,757 against average home values of $394,011, the market offers an above-average yield ratio relative to state peers. The market's 18 active listings and 57% year-over-year listing growth signal rising investor interest, while lake and waterfront access at a notable share of properties hints at the outdoor recreation demand driving bookings.
According to Rabbu market data, the Merrillan short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 18 |
| Average Daily Rate (ADR) | vs. $368 state avg. | $301 |
| Average Occupancy Rate | vs. 38% state avg. | 24% |
| RevPAN | ADR * Occupancy Rate | $72 |
| Average Monthly Revenue | Historical 12-month average | $3,063 |
| Average Annual Revenue | Historical 12-month average | $36,757 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Merrillan attracts investor attention because its favorable revenue-to-price ratio and limited supply create room for above-average yields in a recreation-driven Wisconsin market.
Key investment factors
"Merrillan presents an attractive opportunity for STR investors willing to target a niche, recreation-oriented Wisconsin market. The ROI score of 71 out of 100 reflects a healthy balance of above-average revenue-to-price performance and favorable supply-demand conditions, offset by average occupancy stability. Seasonality is pronounced — September leads with $4,420 in average monthly revenue while January dips to $1,721 — so investors should budget for meaningful cash-flow swings between peak and off-peak periods. Properties with lake or waterfront access are well-positioned to capture premium bookings during the busy summer-to-fall stretch."
— Rabbu Market Analysis Team
Merrillan shows strong seasonality, with September ($4,420) and July ($4,223) delivering peak revenue while January ($1,721) marks the low point — a spread of roughly $2,700 between best and worst months. Investors should plan for a pronounced summer-to-fall peak and budget accordingly for quieter winter periods.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,721 |
| February |
|
$2,514 |
| March |
|
$2,425 |
| April |
|
$2,643 |
| May |
|
$2,558 |
| June |
|
$3,328 |
| July |
|
$4,223 |
| August |
|
$3,990 |
| September |
|
$4,420 |
| October |
|
$4,077 |
| November |
|
$2,892 |
| December |
|
$1,961 |
The market's active supply is concentrated entirely in 3-bedroom properties, with 7 of the 18 listings reporting size data falling into this category. This narrow distribution suggests limited competition across other bedroom counts, potentially signaling an opportunity for investors willing to offer different property configurations.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
7 |
Three-bedroom listings in Merrillan command an average daily rate of $260, which sits below the overall market ADR of $301 — suggesting that larger or more unique properties in the mix are pulling the average up. This price point is accessible for group and family travelers seeking a rural Wisconsin getaway.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$260 |
Three-bedroom properties deliver a RevPAN of $85, which exceeds the market-wide average of $72. This indicates that 3-bedroom listings achieve a solid combination of nightly rate and occupancy, making them the most data-supported configuration for revenue generation in this market.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$85 |
Three-bedroom properties average a 33% occupancy rate, meaningfully above the 24% market-wide figure. This higher fill rate translates directly into more consistent cash flow and suggests that the 3-bedroom configuration aligns well with guest demand in Merrillan.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
33% |
Three-bedroom listings average $3,405 per month, outpacing the overall market average of $3,063 by about 11%. This premium reinforces the 3-bedroom size as the strongest documented performer for monthly income in the Merrillan market.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$3,405 |
At $40,867 in average annual revenue, 3-bedroom properties outperform the market-wide average of $36,757 by roughly $4,100. Against average home values of $394,011, this translates to a gross yield of approximately 10.4%, underscoring the appeal of this property size for income-focused investors.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$40,867 |
Parking (100%), kitchen (94%), and BBQ grill (89%) top the amenity list, reflecting a market geared toward self-sufficient, outdoors-oriented stays. Notable shares of listings offer lake access (33%) and waterfront location (28%), signaling that proximity to water is a meaningful differentiator for attracting guests in this recreation-driven area.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
100% |
| Kitchen |
|
94% |
| BBQ Grill |
|
89% |
| Washer |
|
83% |
| Outdoor Furniture |
|
78% |
| Backyard |
|
72% |
| Dryer |
|
72% |
| Patio or Balcony |
|
72% |
| Self Check-in |
|
72% |
| Pets |
|
44% |
| Lake Access |
|
33% |
| Beach Access |
|
28% |
| Waterfront |
|
28% |
| Workspace |
|
22% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Merrillan Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Above average | 15% |
Merrillan's ROI score of 71 out of 100 places it in the 'Attractive Opportunity' band, driven primarily by an above-average revenue-to-price ratio and a favorable supply/demand balance that keeps competition manageable. Occupancy stability and market growth trend both score as average, reflecting the seasonal nature of demand and the market's still-emerging status. Investors should pair these metrics with thorough research into local permitting requirements and property-specific factors to validate the opportunity.
Understanding local STR regulations is essential before investing in Merrillan. Here's the current regulatory landscape:
Short-term rental operators in Merrillan, Wisconsin may need to obtain a tourist rooming house license through the state's Department of Agriculture, Trade and Consumer Protection, and should check with Jackson County or the Village of Merrillan for any local registration or permit requirements. Investors are strongly encouraged to verify current rules with local authorities before listing a property.
Common restrictions that may apply to STR properties in Wisconsin communities include occupancy limits, minimum-stay requirements, noise ordinances, and parking regulations. Some areas also impose caps on the number of permits issued, and HOA or deed restrictions may further limit short-term rental activity in certain neighborhoods.
Wisconsin requires STR operators to collect and remit state sales tax and a room tax, which varies by municipality. Many booking platforms handle state-level tax collection automatically, but hosts should confirm local room tax obligations with Merrillan or Jackson County directly.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Merrillan can provide current regulatory guidance.
Financing an Airbnb investment in Merrillan requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Merrillan's STR market is expected to maintain its seasonal rhythm, with revenue peaking from June through October and softer months in winter. Given the above-average supply/demand balance and steady market growth trend, ADR could edge up 1–3% as new hosts calibrate pricing to a still-limited competitive set. Occupancy rates, currently averaging 24%, may stabilize in the 22–28% range market-wide, though well-positioned properties near lake access could outperform. Investors should watch whether the 57% year-over-year listing growth moderates, as oversupply could pressure per-listing revenue if demand doesn't keep pace."
— 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 tax requirements can change; investors should verify current rules before purchasing.
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