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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Montello offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Montello, WI is a small lakeside market in central Wisconsin that punches above its weight for short-term rental investors. With an average annual revenue of $32,045 against average home values of $381,713, the revenue-to-price ratio sits above average — a standout in a state where ADR averages $368 compared to Montello's $202 but where acquisition costs are significantly lower. The market's 81% year-over-year growth in active listings signals rising investor interest, and the supply remains tiny at just 20 active Airbnb listings, leaving room for well-positioned properties to capture demand.
According to Rabbu market data, the Montello short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 20 |
| Average Daily Rate (ADR) | vs. $368 state avg. | $202 |
| Average Occupancy Rate | vs. 38% state avg. | 27% |
| RevPAN | ADR * Occupancy Rate | $55 |
| Average Monthly Revenue | Historical 12-month average | $2,670 |
| Average Annual Revenue | Historical 12-month average | $32,045 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Montello's combination of low property acquisition costs relative to STR revenue, a tiny supply base, and strong seasonal lakefront demand makes it a compelling niche market for investors seeking above-average yield in Wisconsin.
Key investment factors
"Montello earns an "Attractive Opportunity" designation with an ROI score of 70 out of 100, reflecting a market where relatively low property costs combine with meaningful summer revenue to produce solid yield potential. Seasonality is the defining characteristic here — July revenue ($5,435) is more than five times April's ($1,029), so investors need to budget for a pronounced off-peak period from late fall through early spring. That said, the small supply of just 20 listings and above-average growth trends suggest this market hasn't reached saturation, giving early movers a competitive edge. Investors who can weather the quieter months and maximize the June-through-August window stand to benefit most."
— Rabbu Market Analysis Team
Montello's revenue cycle is sharply seasonal, with July ($5,435) and August ($5,170) delivering nearly ten times the revenue of the slowest month, April ($1,029). Investors should expect roughly 60% of annual income to concentrate in the June–September window, making cash reserve planning essential for the quieter winter and early spring months.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,267 |
| February |
|
$1,549 |
| March |
|
$1,917 |
| April |
|
$1,029 |
| May |
|
$1,943 |
| June |
|
$3,363 |
| July |
|
$5,435 |
| August |
|
$5,170 |
| September |
|
$2,688 |
| October |
|
$3,180 |
| November |
|
$2,281 |
| December |
|
$2,218 |
The market's 20 active listings split primarily between two-bedroom units (9 listings) and three-bedroom properties (5 listings), with no data on other sizes. This concentrated supply suggests potential opportunity for investors considering larger or uniquely sized properties that could stand out in a small competitive field.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
9 |
| 3 bedrooms |
|
5 |
Three-bedroom properties command a $257 ADR compared to $209 for two-bedroom units — a 23% premium that reflects the added space and group capacity valued by lake vacationers. Given that the ADR gap is meaningful while acquisition cost differences between these sizes can be modest, three-bedroom properties may offer a stronger rate-to-cost trade-off.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$209 |
| 3 bedrooms |
|
$257 |
Three-bedroom listings lead with a RevPAN of $75 versus $58 for two-bedroom properties, indicating that the larger units not only charge more per night but also convert that rate into better revenue efficiency after accounting for occupancy. This $17 per-night gap compounds over a full year into a meaningful revenue advantage.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$58 |
| 3 bedrooms |
|
$75 |
Occupancy rates are remarkably similar across property sizes, with two-bedroom units at 28% and three-bedroom properties at 29%. This parity means the revenue difference between sizes is driven almost entirely by nightly rate rather than booking frequency, giving both configurations comparable cash-flow predictability.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
28% |
| 3 bedrooms |
|
29% |
Three-bedroom properties edge out two-bedroom units with average monthly revenue of $3,212 versus $3,028 — a modest but consistent advantage. The relatively narrow $184 monthly gap suggests that both property sizes perform well, though three-bedroom homes offer slightly better returns for the additional space.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$3,028 |
| 3 bedrooms |
|
$3,212 |
On an annual basis, three-bedroom properties generate approximately $38,552 compared to $36,347 for two-bedroom units, a difference of about $2,200. Both configurations deliver solid revenue relative to Montello's average home values of $381,713, yielding gross returns in the 9.5–10.1% range before expenses.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$36,347 |
| 3 bedrooms |
|
$38,552 |
Parking (100%), kitchen (95%), and BBQ grill (90%) are near-universal in Montello's listings, reflecting the outdoor-oriented, self-sufficient vacation experience guests expect in a lakeside market. Notably, 65% of listings advertise lake access or waterfront — a premium amenity that investors should prioritize, while only 20% offer a hot tub, suggesting an opportunity to differentiate.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
100% |
| Kitchen |
|
95% |
| BBQ Grill |
|
90% |
| Self Check-in |
|
85% |
| Backyard |
|
65% |
| Lake Access |
|
65% |
| Outdoor Furniture |
|
65% |
| Pets |
|
65% |
| Waterfront |
|
65% |
| Patio or Balcony |
|
55% |
| Washer |
|
50% |
| Dryer |
|
45% |
| Workspace |
|
45% |
| Hot Tub |
|
20% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Montello Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Above average | 15% |
| Supply/Demand Balance | Above average | 15% |
Montello's ROI score of 70 out of 100 places it in the "Attractive Opportunity" band, driven primarily by an above-average revenue-to-price ratio — the single most heavily weighted factor at 40%. Growth trends and supply-demand balance also score above average, while occupancy stability comes in at average, reflecting the market's pronounced seasonality. Investors should pair this score with on-the-ground regulatory research and a realistic seasonal cash-flow model to fully evaluate the opportunity.
Understanding local STR regulations is essential before investing in Montello. Here's the current regulatory landscape:
Short-term rental operators in Montello, Wisconsin may need to obtain a tourist rooming house license through Marquette County and comply with state-level requirements administered by the Wisconsin Department of Health Services. Investors should verify current permit and licensing requirements directly with local authorities before listing a property.
Common STR restrictions in Wisconsin communities can include occupancy limits, minimum stay requirements, noise ordinances, and parking regulations. HOA or deed restrictions may also apply to specific properties, so it's important to review all governing documents before purchasing an investment property in the Montello area.
Wisconsin imposes a state room tax and a county room tax on short-term rental stays, and operators are responsible for collecting and remitting these taxes. Many booking platforms handle tax collection automatically, but hosts should confirm their obligations with the Wisconsin Department of Revenue to ensure compliance.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Montello can provide current regulatory guidance.
Financing an Airbnb investment in Montello requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Montello's summer-driven demand cycle should continue to anchor revenue, with July and August likely generating $5,000+ per month for competitive listings. Given the above-average market growth trend and favorable supply-demand dynamics, ADR could see modest gains of 1–3% as the area's appeal to lake-goers and outdoor enthusiasts grows. Occupancy, currently at 27%, may tick up slightly as the destination gains visibility, though investors should plan conservatively for shoulder and winter months that can dip below $1,500 in revenue. Overall, Rabbu's models estimate continued steady improvement for this micro-market, though individual results will depend on property positioning and pricing strategy."
— 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 current snapshots as of April 2026; market conditions may shift. Local regulations, permit requirements, and tax obligations can change — always verify with municipal and state authorities before investing.
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