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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Rhinelander offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Rhinelander, WI presents an appealing niche opportunity for short-term rental investors drawn to Wisconsin's Northwoods lake country. With just 38 active Airbnb listings, an above-average revenue-to-price ratio, and average home values around $422,608, the market rewards investors who can capture the strong summer surge — July alone averages $5,907 per listing. The low overall supply and pronounced seasonality mean well-positioned properties can punch above their weight during peak months, though off-season revenue drops sharply and requires realistic cash-flow planning.
According to Rabbu market data, the Rhinelander short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 38 |
| Average Daily Rate (ADR) | vs. $368 state avg. | $225 |
| Average Occupancy Rate | vs. 38% state avg. | 24% |
| RevPAN | ADR * Occupancy Rate | $54 |
| Average Monthly Revenue | Historical 12-month average | $2,154 |
| Average Annual Revenue | Historical 12-month average | $25,852 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Rhinelander appeals to investors because its strong revenue-to-price ratio and limited supply create a favorable entry point for lake-and-recreation-oriented short-term rentals.
Key investment factors
"Rhinelander earns an "Attractive Opportunity" designation thanks to its above-average revenue-to-price ratio and manageable competition. The market's extreme seasonality is the defining characteristic — July and August combine for roughly 44% of average annual revenue, while April bottoms out at just $560. Investors who can tolerate thin off-season months and optimize pricing during the summer surge stand to benefit from a small, lake-centric market where the right property consistently outperforms. Occupancy at 24% sits below the 38% Wisconsin state average, reflecting the seasonal pattern rather than structural weakness."
— Rabbu Market Analysis Team
Rhinelander's revenue is heavily summer-weighted, with July ($5,907) and August ($5,327) accounting for the bulk of annual income and April ($560) marking the low point. The nearly 10× spread between peak and trough months underscores the importance of aggressive summer pricing and realistic off-season budgeting.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,388 |
| February |
|
$1,710 |
| March |
|
$847 |
| April |
|
$560 |
| May |
|
$1,396 |
| June |
|
$2,712 |
| July |
|
$5,907 |
| August |
|
$5,327 |
| September |
|
$2,137 |
| October |
|
$1,752 |
| November |
|
$923 |
| December |
|
$1,187 |
Three-bedroom properties dominate supply with 17 of the 38 active listings, followed by 11 two-bedroom and just 6 one-bedroom units. The limited one-bedroom inventory could represent an entry opportunity for investors with smaller properties, though revenue per unit is also lower at that size.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
6 |
| 2 bedrooms |
|
11 |
| 3 bedrooms |
|
17 |
ADR rises steadily with size — from $154 for one-bedrooms to $172 for two-bedrooms and $216 for three-bedrooms. The $44 premium from two to three bedrooms is particularly notable, suggesting guests are willing to pay meaningfully more for the additional space typical of family or group lake getaways.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$154 |
| 2 bedrooms |
|
$172 |
| 3 bedrooms |
|
$216 |
Three-bedroom listings deliver the strongest RevPAN at $65, more than double the $29 posted by two-bedrooms and well ahead of one-bedrooms at $41. This gap indicates that three-bedroom properties convert their higher ADR into superior effective revenue, making them the most efficient earners on a per-night basis.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$41 |
| 2 bedrooms |
|
$29 |
| 3 bedrooms |
|
$65 |
Three-bedroom units lead occupancy at 30%, closely followed by one-bedrooms at 27%, while two-bedrooms lag at just 17%. The weaker two-bedroom occupancy combined with its middling ADR creates the lowest RevPAN in the market, suggesting that size category faces the toughest demand dynamics.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
27% |
| 2 bedrooms |
|
17% |
| 3 bedrooms |
|
30% |
Three-bedroom properties top the monthly revenue chart at $2,320, roughly 49% more than two-bedrooms ($1,561) and 37% more than one-bedrooms ($1,690). The gap between one- and two-bedroom revenue is surprisingly narrow, driven by one-bedrooms' higher occupancy compensating for their lower nightly rate.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$1,690 |
| 2 bedrooms |
|
$1,561 |
| 3 bedrooms |
|
$2,320 |
On an annual basis, three-bedroom listings generate approximately $27,841, outpacing one-bedrooms ($20,285) and two-bedrooms ($18,738) by a wide margin. For investors evaluating return potential against acquisition cost, the three-bedroom category clearly offers the strongest revenue foundation in Rhinelander.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$20,285 |
| 2 bedrooms |
|
$18,738 |
| 3 bedrooms |
|
$27,841 |
Kitchens (100%) and parking (97%) are virtually universal, while waterfront access and lake access each appear in 61% of listings — reflecting the core draw of Rhinelander's Northwoods setting. Investors should treat lakefront positioning and outdoor amenities like BBQ grills (55%) and backyards (66%) as near-essential for competitive performance in this market.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
100% |
| Parking |
|
97% |
| Backyard |
|
66% |
| Self Check-in |
|
63% |
| Waterfront |
|
61% |
| Lake Access |
|
61% |
| BBQ Grill |
|
55% |
| Dryer |
|
53% |
| Washer |
|
53% |
| Patio or Balcony |
|
50% |
| Outdoor Furniture |
|
45% |
| Workspace |
|
40% |
| Pets |
|
32% |
| Beach Access |
|
11% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Rhinelander Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Below average | 15% |
| Supply/Demand Balance | Average | 15% |
Rhinelander's ROI Score of 60 out of 100 places it in the "Attractive Opportunity" band, driven primarily by an above-average revenue-to-price ratio that signals favorable income relative to acquisition costs. Occupancy stability and supply/demand balance are rated average, while market growth trend scores below average — meaning the market is steady but not rapidly expanding. Investors should pair these metrics with local regulatory research and a conservative seasonal cash-flow model to ensure the numbers work for their specific investment goals.
Understanding local STR regulations is essential before investing in Rhinelander. Here's the current regulatory landscape:
Short-term rental operators in Rhinelander, WI should be aware that Wisconsin requires tourist rooming house licenses administered at the state level, and the City of Rhinelander may impose additional registration or permit requirements. Investors are strongly encouraged to verify current local and state permit obligations before listing a property.
Common restrictions that may apply include occupancy limits, minimum-stay requirements, noise and nuisance ordinances, parking regulations, and potential HOA covenants for properties in managed communities. Some Wisconsin municipalities also cap the number of STR permits issued, so confirming availability early in the acquisition process is advisable.
Wisconsin imposes a state sales tax and a room tax on short-term rental income, and Oneida County or the City of Rhinelander may levy additional local lodging taxes. Major booking platforms typically collect and remit some of these taxes, but hosts should confirm full compliance with both state and local tax authorities.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Rhinelander can provide current regulatory guidance.
Financing an Airbnb investment in Rhinelander requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Rhinelander's STR market is likely to see continued summer-driven demand with July and August remaining dominant revenue months. ADR may drift modestly higher in the $225–$240 range as supply remains limited, though occupancy is expected to hover around 22–26% on an annualized basis given the deep winter and spring troughs. Investors should budget conservatively for the November-through-April stretch and treat the roughly six warm-weather months as the primary income window. Market growth trend has been below average, so any expansion in listing counts could soften per-listing returns if not matched by incremental demand."
— 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 or regulatory changes. Individual property results will vary based on location, condition, pricing strategy, and operational quality.
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