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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Spooner shows standout short-term rental potential based on its current revenue, occupancy, and pricing trends.
Spooner, WI earns a 75 out of 100 ROI score — placing it in "Standout Opportunity" territory — driven largely by an above-average revenue-to-price ratio that makes the math work for investors willing to embrace a seasonal market. With just 31 active Airbnb listings, average annual revenue of $50,145, and home values averaging $445,236, the entry point is accessible relative to the income potential. Peak summer months push monthly revenue past $10,000, creating a concentrated earning window that rewards operators who price aggressively during high season and manage costs in quieter months.
According to Rabbu market data, the Spooner short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 31 |
| Average Daily Rate (ADR) | vs. $368 state avg. | $336 |
| Average Occupancy Rate | vs. 38% state avg. | 25% |
| RevPAN | ADR * Occupancy Rate | $83 |
| Average Monthly Revenue | Historical 12-month average | $4,178 |
| Average Annual Revenue | Historical 12-month average | $50,145 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Spooner's lake-country appeal, low listing competition, and favorable revenue-to-price ratio make it an attractive option for investors seeking seasonal vacation rental income in Wisconsin.
Key investment factors
"Spooner represents a genuinely compelling seasonal opportunity for investors who understand the rhythms of northern Wisconsin tourism. The market's strongest suit is its revenue-to-price ratio — at $50,145 average annual revenue against $445,236 average home values, the yield math is more attractive than many larger markets. Seasonality is pronounced: August leads at $10,021 in average monthly revenue while March dips to $1,494, so cash reserves or alternative income strategies for the off-season are essential. With average occupancy at 25% (below the 38% state average), this is a market where nightly rates rather than volume drive the economics — making property quality and summer pricing strategy the key levers."
— Rabbu Market Analysis Team
Spooner's revenue is sharply seasonal, with August ($10,021) and July ($9,804) delivering roughly five to seven times the income of the slowest months like March ($1,494) and April ($1,598). Investors should plan for approximately 60% of annual revenue to arrive in the four-month window from June through September.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,993 |
| February |
|
$2,696 |
| March |
|
$1,494 |
| April |
|
$1,598 |
| May |
|
$3,356 |
| June |
|
$5,715 |
| July |
|
$9,804 |
| August |
|
$10,021 |
| September |
|
$4,853 |
| October |
|
$4,309 |
| November |
|
$2,099 |
| December |
|
$2,205 |
Supply is concentrated in 3-bedroom and 4-bedroom properties (8 each), with just 6 two-bedroom listings. The absence of reported 1-bedroom or studio inventory may signal an underserved niche, though the lake-vacation nature of the market tends to favor larger group-oriented accommodations.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
6 |
| 3 bedrooms |
|
8 |
| 4 bedrooms |
|
8 |
ADR climbs substantially with property size — from $182 for 2-bedrooms to $273 for 3-bedrooms and $436 for 4-bedrooms. The jump from 3 to 4 bedrooms represents a $163 premium, suggesting strong pricing power for larger homes that can accommodate families and groups.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$182 |
| 3 bedrooms |
|
$273 |
| 4 bedrooms |
|
$436 |
Three-bedroom properties deliver the highest RevPAN at $89, edging out 4-bedrooms at $80, while 2-bedroom units trail significantly at $27. This indicates that 3-bedroom listings currently strike the best balance between nightly rate and occupancy, making them a particularly efficient investment configuration.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$27 |
| 3 bedrooms |
|
$89 |
| 4 bedrooms |
|
$80 |
Occupancy varies considerably by size: 3-bedroom properties lead at 33%, while 4-bedrooms fill just 19% of available nights and 2-bedrooms only 15%. The higher occupancy for 3-bedroom units suggests they hit a sweet spot of affordability and capacity that appeals to the broadest range of visitors.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
15% |
| 3 bedrooms |
|
33% |
| 4 bedrooms |
|
19% |
Four-bedroom properties generate the highest average monthly revenue at $4,631, followed by 3-bedrooms at $3,135 and 2-bedrooms at $1,927. While larger homes earn more in absolute terms, the gap between 3- and 4-bedroom monthly revenue ($1,496) should be weighed against the higher acquisition and maintenance costs of bigger properties.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$1,927 |
| 3 bedrooms |
|
$3,135 |
| 4 bedrooms |
|
$4,631 |
Annual revenue ranges from $23,135 for 2-bedroom units to $55,581 for 4-bedroom properties, with 3-bedrooms generating $37,628. When factoring in RevPAN efficiency and the revenue-to-price ratio, 3-bedroom properties may offer the most balanced return potential, though 4-bedrooms deliver the highest gross income for investors prioritizing top-line revenue.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$23,135 |
| 3 bedrooms |
|
$37,628 |
| 4 bedrooms |
|
$55,581 |
Parking (97%), kitchen (94%), and backyard (90%) are near-universal among Spooner listings, reflecting the market's rural, lake-oriented character. Notably, 77% of listings highlight waterfront access and 74% offer lake access — confirming that proximity to water is a core guest expectation and a critical factor for competitive positioning in this market.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
97% |
| Kitchen |
|
94% |
| Backyard |
|
90% |
| Self Check-in |
|
87% |
| Outdoor Furniture |
|
81% |
| BBQ Grill |
|
81% |
| Patio or Balcony |
|
77% |
| Waterfront |
|
77% |
| Dryer |
|
74% |
| Lake Access |
|
74% |
| Washer |
|
71% |
| Workspace |
|
45% |
| Beach Access |
|
42% |
| Pets |
|
36% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Spooner Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Above average | 15% |
| Supply/Demand Balance | Average | 15% |
Spooner's ROI score of 75 out of 100 places it in the "Standout Opportunity" band, signaling that the underlying economics are favorable for short-term rental investment. The score is anchored by an above-average revenue-to-price ratio — reflecting strong income potential relative to acquisition costs — and an above-average market growth trend, while occupancy stability and supply/demand balance rate as average, consistent with its seasonal demand profile. Investors should pair this score with on-the-ground regulatory research and a realistic cash-flow model that accounts for Spooner's pronounced summer-heavy earning pattern.
Understanding local STR regulations is essential before investing in Spooner. Here's the current regulatory landscape:
Short-term rental operators in Spooner and throughout Wisconsin may need to obtain a tourist rooming house license from the state Department of Agriculture, Trade and Consumer Protection, and should also check with the City of Spooner for any local registration or permitting requirements. Investors are strongly encouraged to verify current requirements directly with local authorities before listing a property.
Common restrictions in Wisconsin vacation rental markets can include occupancy limits tied to septic or water system capacity, minimum-stay requirements during certain seasons, noise and nuisance ordinances, parking regulations, and HOA or deed restrictions that may limit short-term rental activity. Prospective hosts should review both municipal codes and any homeowners association rules that apply to a specific property.
Wisconsin imposes a state sales tax and a room tax on short-term lodging, and the City of Spooner or Washburn County may levy additional local room taxes. Platforms like Airbnb often collect and remit some of these taxes automatically, but hosts should confirm their full tax obligations with a local tax professional.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Spooner can provide current regulatory guidance.
Financing an Airbnb investment in Spooner requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Spooner's short-term rental market is expected to maintain its strongly seasonal profile, with the bulk of revenue concentrated between June and September. Given the above-average market growth trend flagged in the ROI analysis and significant year-over-year listing growth, we estimate ADR could see modest increases of 1–3% as new hosts test pricing power during peak summer weeks. Occupancy will likely remain in the 23–27% range on an annualized basis, reflecting the reality of a northern Wisconsin vacation market that quiets considerably from November through April. Investors who optimize for high-season revenue capture and keep fixed costs lean should find the economics remain favorable."
— 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 historical averages and market conditions may have shifted since the reporting period. Local regulations, tax requirements, and permitting rules are subject to change — always verify with local authorities before investing.
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