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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Minocqua offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Minocqua, WI is a classic Northwoods lake destination where short-term rental demand spikes dramatically in summer, with July revenue averaging $9,831—more than ten times the April low of $930. With just 33 active Airbnb listings and an average annual revenue of $42,989 against average home values of $771,685, investors should carefully weigh the strong seasonal upside against relatively high acquisition costs. The market's ROI score of 57 out of 100 reflects an attractive but measured opportunity, driven by average revenue-to-price ratios and stable—if not exceptional—occupancy patterns.
According to Rabbu market data, the Minocqua short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 33 |
| Average Daily Rate (ADR) | vs. $368 state avg. | $356 |
| Average Occupancy Rate | vs. 38% state avg. | 25% |
| RevPAN | ADR * Occupancy Rate | $89 |
| Average Monthly Revenue | Historical 12-month average | $3,582 |
| Average Annual Revenue | Historical 12-month average | $42,989 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Minocqua attracts STR investors for its lakefront appeal, concentrated summer demand, and a still-small competitive field of just 33 active listings.
Key investment factors
"Minocqua presents a moderately attractive STR opportunity anchored by intense summer demand—July and August account for the lion's share of annual income, while spring and late fall dip well below $2,000 per month. The market's 25% average occupancy rate trails the Wisconsin state average of 38%, a direct reflection of this seasonality rather than a lack of guest interest during peak periods. For investors comfortable with a vacation-rental model that delivers most of its returns in a concentrated window, Minocqua's small supply base and premium lakefront positioning offer a compelling niche."
— Rabbu Market Analysis Team
Minocqua's revenue curve is exceptionally seasonal: July ($9,831) and August ($8,860) dwarf the rest of the year, with April bottoming out at just $930. The roughly 10x spread between peak and trough months means investors need strong summer performance to carry the full-year financial picture.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$2,305 |
| February |
|
$2,842 |
| March |
|
$1,403 |
| April |
|
$930 |
| May |
|
$2,322 |
| June |
|
$4,515 |
| July |
|
$9,831 |
| August |
|
$8,860 |
| September |
|
$3,555 |
| October |
|
$2,911 |
| November |
|
$1,536 |
| December |
|
$1,974 |
Supply is concentrated among 2-bedroom (12 listings) and 3-bedroom (10 listings) properties, with no other bedroom counts represented in the active inventory. This tight clustering suggests a potential opportunity for investors willing to offer larger or more unique configurations that aren't currently available.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
12 |
| 3 bedrooms |
|
10 |
ADR scales modestly from $251 for 2-bedroom properties to $275 for 3-bedroom listings, a roughly 10% premium for the additional bedroom. Given that the cost difference between acquiring a 2- and 3-bedroom property can be substantial, the ADR premium alone is relatively narrow.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$251 |
| 3 bedrooms |
|
$275 |
Three-bedroom properties deliver meaningfully stronger RevPAN at $84 compared to $61 for 2-bedroom units, a 38% advantage that reflects both their higher nightly rate and better occupancy. This makes 3-bedroom listings the more efficient revenue generators on a per-available-night basis.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$61 |
| 3 bedrooms |
|
$84 |
Three-bedroom properties achieve 31% occupancy versus 25% for two-bedroom units, a six-percentage-point gap that materially impacts cash flow consistency. Both figures sit below the state average, reinforcing that Minocqua is a seasonal market where year-round occupancy is not the primary driver of returns.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
25% |
| 3 bedrooms |
|
31% |
Interestingly, 2-bedroom properties edge out 3-bedroom units on average monthly revenue ($3,283 vs. $3,073), despite lower ADR and occupancy. This could reflect pricing strategies or higher booking frequency among smaller properties during shoulder months.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$3,283 |
| 3 bedrooms |
|
$3,073 |
Two-bedroom properties generate approximately $39,399 annually while 3-bedroom listings bring in $36,879, a modest difference that suggests both configurations offer similar return profiles. Investors should weigh acquisition costs carefully, as the revenue gap is small enough that a lower purchase price on a 2-bedroom could yield a better percentage return.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$39,399 |
| 3 bedrooms |
|
$36,879 |
Parking and a full kitchen are universal (100%) among Minocqua listings, and 76% offer lake access—underscoring that waterfront proximity is a core part of the guest value proposition. BBQ grills, patios, and backyards are also standard at 76–79%, signaling that outdoor living amenities are essentially table stakes in this market.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
100% |
| Kitchen |
|
100% |
| Washer |
|
85% |
| Dryer |
|
85% |
| Patio or Balcony |
|
79% |
| Backyard |
|
76% |
| BBQ Grill |
|
76% |
| Lake Access |
|
76% |
| Self Check-in |
|
73% |
| Outdoor Furniture |
|
73% |
| Waterfront |
|
64% |
| Workspace |
|
39% |
| Pets |
|
36% |
| Beach Access |
|
24% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Minocqua Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Below average | 15% |
| Supply/Demand Balance | Average | 15% |
Minocqua's ROI score of 57 out of 100 places it in the Attractive Opportunity tier, reflecting average revenue-to-price ratios and occupancy stability offset by below-average market growth trends. The 177% year-over-year listing growth is a double-edged signal—it shows rising investor confidence but could pressure individual returns as supply expands. Pairing this score with thorough research into Oneida County's regulatory landscape and realistic cash-flow modeling for off-season months will help investors determine whether a Minocqua property fits their portfolio.
Understanding local STR regulations is essential before investing in Minocqua. Here's the current regulatory landscape:
Short-term rental operators in Minocqua, Wisconsin may need to obtain a tourist rooming house license through the Oneida County health department and register with the Wisconsin Department of Revenue. Investors should verify current permit requirements directly with local authorities, as regulations can change.
Common restrictions in Wisconsin lake communities can include occupancy limits tied to bedroom count, noise ordinances, minimum-stay requirements during certain seasons, and parking limitations—especially for lakefront properties. HOA or lake association rules may impose additional constraints that affect rental frequency and guest policies.
Wisconsin imposes a state room tax and a county room tax on short-term rentals, and hosts may also owe local sales tax. Platforms like Airbnb often collect and remit some of these taxes automatically, but operators should confirm their full obligation with the Wisconsin Department of Revenue.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Minocqua can provide current regulatory guidance.
Financing an Airbnb investment in Minocqua requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Minocqua's short-term rental market is likely to remain heavily summer-driven, with peak-season ADR holding steady around $350–$370 and occupancy concentrating in June through August. The 177% year-over-year growth in active listings suggests increasing investor interest, which could moderate individual property performance if supply continues to outpace demand. Investors entering now should plan for significant revenue seasonality and budget conservatively for shoulder and winter months, when monthly income may fall below $2,000."
— 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, HOA rules, and tax obligations vary—investors should verify current requirements with relevant authorities before purchasing.
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