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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Warrens offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Warrens, WI is a small, niche short-term rental market with just 23 active Airbnb listings and an average annual revenue of $18,385 per property. With an average home value of $251,988, the revenue-to-price ratio ranks above the state average, making it an intriguing option for investors seeking affordable entry points. The market's pronounced seasonality — driven by summer recreation and events like the famous Cranberry Festival — creates strong peak-season income, though occupancy sits at 24% compared to the 38% Wisconsin state average.
According to Rabbu market data, the Warrens short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 23 |
| Average Daily Rate (ADR) | vs. $368 state avg. | $197 |
| Average Occupancy Rate | vs. 38% state avg. | 24% |
| RevPAN | ADR * Occupancy Rate | $47 |
| Average Monthly Revenue | Historical 12-month average | $1,532 |
| Average Annual Revenue | Historical 12-month average | $18,385 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Warrens appeals to investors looking for an affordable, event-driven market where low property prices can offset modest annual revenue figures.
Key investment factors
"Warrens presents a moderate-opportunity market best suited for investors comfortable with seasonal cash flow. Revenue peaks sharply in July ($2,449) and August ($2,314) before tapering to a low of $616 in January — a nearly 4:1 swing that underscores the importance of pricing strategy and expense management during off-peak months. The favorable supply/demand balance and above-average revenue-to-price ratio are genuine strengths, but below-average occupancy stability and a surge in new listings warrant careful monitoring. For a buyer who can secure property near local attractions and manage costs through the winter, this market can deliver solid seasonal returns."
— Rabbu Market Analysis Team
Warrens displays sharp seasonality, with July ($2,449) and August ($2,314) generating roughly four times the revenue of January ($616). The peak-to-trough spread highlights the importance of maximizing summer pricing and managing expenses carefully through the lean winter months.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$616 |
| February |
|
$1,003 |
| March |
|
$1,117 |
| April |
|
$1,288 |
| May |
|
$1,584 |
| June |
|
$1,810 |
| July |
|
$2,449 |
| August |
|
$2,314 |
| September |
|
$1,854 |
| October |
|
$1,767 |
| November |
|
$1,425 |
| December |
|
$1,154 |
The market is almost entirely composed of 3-bedroom listings, with 16 of the 23 active properties falling in that category. This concentration could signal opportunity for investors willing to offer differentiated configurations — such as smaller studios or larger family homes — though demand for alternative sizes should be validated first.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
16 |
Three-bedroom properties in Warrens command an average daily rate of $180, which is the only size segment with enough data to report. This rate sits below the overall market ADR of $197, suggesting a handful of uniquely positioned or larger unlisted properties may be pulling the aggregate figure higher.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$180 |
Three-bedroom listings deliver a RevPAN of $42 per available night, reflecting the combined effect of a $180 ADR and 24% occupancy. While modest, this figure paired with lower property acquisition costs can still produce a workable return for cost-conscious investors.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$42 |
Three-bedroom properties average a 24% occupancy rate, mirroring the market-wide figure and falling well below Wisconsin's 38% state average. Investors should factor in extended vacancy periods, particularly from November through March, when planning cash flow.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
24% |
The typical 3-bedroom listing in Warrens earns $1,504 per month on average, closely tracking the overall market average of $1,532. With only one property size represented in the data, revenue differentiation by configuration is not yet observable.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$1,504 |
Three-bedroom properties generate an average of $18,058 annually, which against an average home value of $251,988 yields a gross revenue-to-price ratio of approximately 7.2%. This ratio is the market's strongest selling point and sits above average for Wisconsin STR markets.
| Size | Trend | Value |
|---|---|---|
| 3 bedrooms |
|
$18,058 |
Kitchens and washers appear in 100% of listings, while self check-in (96%), parking (91%), and dryers (83%) round out the near-universal amenities. Outdoor features like BBQ grills (78%), patios (70%), and backyards (61%) dominate — signaling that guests expect a comfortable, self-sufficient rural retreat experience rather than hotel-style luxury.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
100% |
| Washer |
|
100% |
| Self Check-in |
|
96% |
| Parking |
|
91% |
| Dryer |
|
83% |
| BBQ Grill |
|
78% |
| Patio or Balcony |
|
70% |
| Backyard |
|
61% |
| Outdoor Furniture |
|
61% |
| Pets |
|
44% |
| Pool |
|
9% |
| Workspace |
|
9% |
| Beach Access |
|
4% |
| Gym |
|
4% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Warrens Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Below average | 30% |
| Market Growth Trend | Below average | 15% |
| Supply/Demand Balance | Above average | 15% |
Warrens earns a 56 out of 100 on Rabbu's ROI Score, landing in the "Attractive Opportunity" band. The score is buoyed by an above-average revenue-to-price ratio and a favorable supply/demand balance, but weighed down by below-average occupancy stability and a below-average market growth trend — reflecting the deep seasonality and the rapid influx of new listings. Investors should pair this data with on-the-ground regulatory research and a conservative cash-flow model that accounts for winter vacancy.
Understanding local STR regulations is essential before investing in Warrens. Here's the current regulatory landscape:
Short-term rental operators in Warrens, Wisconsin may need to register with the local municipality and obtain a tourist rooming house license through the state of Wisconsin's Department of Agriculture, Trade and Consumer Protection. Investors should verify current permit requirements directly with the Village of Warrens and Monroe County before listing a property.
Common restrictions for STR properties in Wisconsin communities can include occupancy limits tied to bedroom count, minimum stay requirements, noise ordinances, parking standards, and permit caps in certain zones. HOA covenants may impose additional limitations, so it's important to review any applicable deed restrictions alongside municipal regulations.
Wisconsin requires short-term rental operators to collect and remit state sales tax and a room tax, which may also apply at the county or municipal level. Many booking platforms handle tax collection automatically, but hosts should confirm their obligations with the Wisconsin Department of Revenue to ensure full compliance.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Warrens can provide current regulatory guidance.
Financing an Airbnb investment in Warrens requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Warrens is likely to see continued seasonal demand concentrated in the summer and early fall, with July and August remaining the revenue peak. Given the 233% year-over-year growth in active listings, supply is expanding rapidly, which could put downward pressure on occupancy and nightly rates if demand doesn't keep pace. Investors should expect ADR to remain in the $180–$200 range and plan for meaningful revenue dips from November through March, when monthly income can drop below $1,200."
— 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. Local regulations, permit requirements, and tax obligations may change; always verify current rules with municipal and state authorities before investing. Individual property results will vary based on location, condition, amenities, pricing strategy, and management quality.
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