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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Sturgeon Bay offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Sturgeon Bay sits at the gateway to Wisconsin's Door County peninsula, one of the Midwest's premier vacation destinations. With 147 active Airbnb listings generating an average annual revenue of $46,057 and an ADR of $242, the market delivers solid returns relative to property costs — particularly during a summer season that pushes monthly revenue above $8,800. The ROI score of 55 out of 100 reflects above-average revenue-to-price ratios and occupancy stability, though investors should note that growth trends and supply-demand dynamics are softening slightly.
According to Rabbu market data, the Sturgeon Bay short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 147 |
| Average Daily Rate (ADR) | vs. $368 state avg. | $242 |
| Average Occupancy Rate | vs. 38% state avg. | 25% |
| RevPAN | ADR * Occupancy Rate | $59 |
| Average Monthly Revenue | Historical 12-month average | $3,838 |
| Average Annual Revenue | Historical 12-month average | $46,057 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Sturgeon Bay attracts STR investors because of its strong revenue-to-price ratio and the reliable seasonal tourism engine of Door County.
Key investment factors
"Sturgeon Bay presents an attractive but seasonal investment opportunity. The market's strength concentrates in a five-month window from May through October, when monthly revenues range from roughly $3,300 to nearly $8,900 — a dramatic contrast to the $1,100–$1,600 winter lows. Larger properties, especially 3-bedrooms, deliver disproportionately strong returns with 35% occupancy and $54,905 in average annual revenue, making them the clearest path to positive cash flow. The rapid expansion of supply (226% year-over-year listing growth) warrants caution, as it could compress margins even as Door County's tourism appeal remains durable."
— Rabbu Market Analysis Team
Sturgeon Bay's revenue profile is sharply seasonal: August leads at $8,881, closely followed by July at $8,861, while February bottoms out at just $1,164 — a roughly 7.6x spread between peak and trough. Investors should plan for the bulk of annual income to concentrate between June and October, with winter months contributing modestly.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,232 |
| February |
|
$1,164 |
| March |
|
$1,467 |
| April |
|
$1,405 |
| May |
|
$3,287 |
| June |
|
$5,593 |
| July |
|
$8,861 |
| August |
|
$8,881 |
| September |
|
$5,552 |
| October |
|
$5,133 |
| November |
|
$1,891 |
| December |
|
$1,587 |
Three-bedroom properties dominate supply with 49 of the market's 147 listings, followed by 1-bedrooms at 38 and 2-bedrooms at 28. Studios remain scarce at just 6 listings, which could represent a niche opportunity for lower-cost entry — though their revenue potential is also more limited.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
6 |
| 1 bedroom |
|
38 |
| 2 bedrooms |
|
28 |
| 3 bedrooms |
|
49 |
| 4 bedrooms |
|
20 |
ADR climbs steadily from $142 for studios to $318 for 4-bedroom properties, with the biggest jump occurring between 2-bedrooms ($181) and 3-bedrooms ($264). That $83 per-night premium at the 3-bedroom tier, combined with stronger occupancy, makes it a compelling size for balancing acquisition cost against nightly rate.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$142 |
| 1 bedroom |
|
$166 |
| 2 bedrooms |
|
$181 |
| 3 bedrooms |
|
$264 |
| 4 bedrooms |
|
$318 |
Three-bedroom listings deliver the highest RevPAN at $91, significantly outpacing 4-bedrooms at $60 and smaller configurations that range from $30 to $35. This gap reflects the 3-bedroom category's superior occupancy (35%) combined with a solid ADR, making it the most efficient revenue generator per available night.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$30 |
| 1 bedroom |
|
$33 |
| 2 bedrooms |
|
$35 |
| 3 bedrooms |
|
$91 |
| 4 bedrooms |
|
$60 |
Occupancy rates are relatively compressed across most property sizes (19–22%), with 3-bedrooms standing out as the clear exception at 35%. This suggests that 3-bedroom properties align best with traveler demand in Door County, while other sizes may face stiffer competition or weaker demand fit.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
22% |
| 1 bedroom |
|
20% |
| 2 bedrooms |
|
19% |
| 3 bedrooms |
|
35% |
| 4 bedrooms |
|
19% |
Four-bedroom properties lead monthly revenue at $4,973, edging out 3-bedrooms at $4,575, while studios and 1-bedrooms generate $2,436 and $2,619, respectively. The gap between the top and bottom tiers is roughly 2x, indicating that larger properties capture meaningfully more income — though operating and acquisition costs should be weighed accordingly.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$2,436 |
| 1 bedroom |
|
$2,619 |
| 2 bedrooms |
|
$2,771 |
| 3 bedrooms |
|
$4,575 |
| 4 bedrooms |
|
$4,973 |
Annual revenue ranges from $29,238 for studios to $59,685 for 4-bedroom properties, with 3-bedrooms earning $54,905. Given that 3-bedrooms achieve nearly 92% of the 4-bedroom revenue with notably higher occupancy, they may offer the strongest return-on-investment profile in this market.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$29,238 |
| 1 bedroom |
|
$31,431 |
| 2 bedrooms |
|
$33,262 |
| 3 bedrooms |
|
$54,905 |
| 4 bedrooms |
|
$59,685 |
Parking tops the amenity list at 98%, followed by kitchens (80%) and backyards (73%), reflecting a market geared toward families and groups driving to Door County for self-catered vacations. Waterfront access (31%) and lake access (28%) appear on roughly a third of listings and likely command premium rates, while BBQ grills (64%) and outdoor furniture (59%) underscore the importance of outdoor living spaces in this seasonal market.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
98% |
| Kitchen |
|
80% |
| Backyard |
|
73% |
| Self Check-in |
|
69% |
| Patio or Balcony |
|
67% |
| BBQ Grill |
|
64% |
| Washer |
|
63% |
| Dryer |
|
62% |
| Outdoor Furniture |
|
59% |
| Workspace |
|
48% |
| Pets |
|
44% |
| Waterfront |
|
31% |
| Lake Access |
|
28% |
| Hot Tub |
|
21% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Sturgeon Bay Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Above average | 30% |
| Market Growth Trend | Below average | 15% |
| Supply/Demand Balance | Below average | 15% |
Sturgeon Bay's ROI score of 55 out of 100 places it in the 'Attractive Opportunity' band, driven primarily by an above-average revenue-to-price ratio and above-average occupancy stability — two factors that together account for 70% of the score weighting. The below-average readings on market growth trend and supply/demand balance reflect the rapid influx of new listings and tempered demand expansion, so investors should pair this data with up-to-date local regulatory research and conservative underwriting assumptions to size the opportunity accurately.
Understanding local STR regulations is essential before investing in Sturgeon Bay. Here's the current regulatory landscape:
The City of Sturgeon Bay and the State of Wisconsin generally require short-term rental operators to obtain a tourist rooming house license through the Wisconsin Department of Safety and Professional Services, in addition to any local permits. Investors should verify current requirements directly with Door County and the city before listing a property.
Common restrictions in Wisconsin STR markets include occupancy limits based on bedroom count, minimum-stay requirements in certain zones, noise ordinances, parking mandates, and potential HOA covenants that may limit or prohibit rentals. Some municipalities in Door County have explored permit caps, so checking with local planning departments is advisable before purchasing.
Short-term rental hosts in Wisconsin are typically subject to the state's 5% sales tax, a county room tax, and any applicable local tourism or lodging taxes. Major platforms like Airbnb often collect and remit some of these taxes on behalf of hosts, 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 Sturgeon Bay can provide current regulatory guidance.
Financing an Airbnb investment in Sturgeon Bay requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Sturgeon Bay's pronounced summer peak — July and August each top $8,800 in average monthly revenue — should continue to anchor annual returns, with fall shoulder months like September and October adding meaningful income in the $5,100–$5,600 range. However, the 226% year-over-year listing growth signals a rapidly expanding supply that could put downward pressure on occupancy and rates if demand doesn't keep pace. Investors should expect market-wide occupancy to remain around 25–30% on an annualized basis, with ADR holding in the $240–$255 range absent any major demand shocks. We'd recommend building conservative winter-month assumptions into any pro forma, as January through April averages sit below $1,500."
— 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 Mar, 17 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. Local regulations, HOA rules, and licensing requirements can change; always verify with municipal authorities before investing.
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