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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Wisconsin Dells shows standout short-term rental potential based on its current revenue, occupancy, and pricing trends.
Wisconsin Dells earns a 75-out-of-100 ROI score, placing it firmly in standout-opportunity territory for short-term rental investors. Known as the "Waterpark Capital of the World," this market benefits from an above-average revenue-to-price ratio, with average annual revenue of $51,082 against a median home value of $430,047. While occupancy runs below the Wisconsin state average at 28%, the strong seasonal revenue spike — August listings average $7,718 — rewards investors who price strategically around peak tourism months.
According to Rabbu market data, the Wisconsin Dells short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 404 |
| Average Daily Rate (ADR) | vs. $368 state avg. | $328 |
| Average Occupancy Rate | vs. 38% state avg. | 28% |
| RevPAN | ADR * Occupancy Rate | $93 |
| Average Monthly Revenue | Historical 12-month average | $4,256 |
| Average Annual Revenue | Historical 12-month average | $51,082 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Wisconsin Dells' combination of a strong revenue-to-price ratio and world-famous tourism attractions makes it an appealing market for STR investors seeking seasonal but meaningful returns.
Key investment factors
"Wisconsin Dells presents a compelling — though decidedly seasonal — opportunity for short-term rental investors. Revenue swings sharply between winter lows around $2,697 in November and a peak of $7,718 in August, meaning cash-flow planning must account for several quieter months. The market's above-average revenue-to-price ratio is the standout driver here, partly offset by occupancy that sits at 28% versus the 38% state average. Investors who target larger, amenity-rich properties and optimize pricing through the summer surge stand to benefit most, while the rapid supply growth warrants careful monitoring of competitive dynamics."
— Rabbu Market Analysis Team
Revenue in Wisconsin Dells follows a sharp summer curve, peaking at $7,718 in August and bottoming out at $2,697 in November — a nearly 3× spread that underscores the importance of summer pricing optimization. A secondary uptick in October ($4,650) offers a modest revenue boost before winter sets in.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$3,081 |
| February |
|
$3,244 |
| March |
|
$3,227 |
| April |
|
$3,412 |
| May |
|
$4,105 |
| June |
|
$5,231 |
| July |
|
$6,534 |
| August |
|
$7,718 |
| September |
|
$3,747 |
| October |
|
$4,650 |
| November |
|
$2,697 |
| December |
|
$3,429 |
Two-bedroom listings dominate supply with 130 of the 404 active properties, followed by 1-bedrooms at 80. Notably, 6+ bedroom properties account for 38 listings — a relatively robust segment that may reflect the family- and group-travel demand unique to the Dells, though investors eyeing this size should monitor competition closely.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
14 |
| 1 bedroom |
|
80 |
| 2 bedrooms |
|
130 |
| 3 bedrooms |
|
75 |
| 4 bedrooms |
|
37 |
| 5 bedrooms |
|
30 |
| 6+ bedrooms |
|
38 |
ADR scales dramatically with property size, from $167 for 1-bedroom units up to $773 for 6+ bedroom homes — a 4.6× premium. The steepest jump occurs between 4 bedrooms ($399) and 5 bedrooms ($554), suggesting that investors stepping into the large-home segment can unlock substantial nightly pricing power.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$185 |
| 1 bedroom |
|
$167 |
| 2 bedrooms |
|
$232 |
| 3 bedrooms |
|
$341 |
| 4 bedrooms |
|
$399 |
| 5 bedrooms |
|
$554 |
| 6+ bedrooms |
|
$773 |
Revenue per available night climbs steadily with size, from $43–$46 for studios and 1-bedrooms to $174 for 6+ bedroom properties. The jump from 2-bedroom ($84) to 3-bedroom ($82) is essentially flat, making 4-bedroom and above the clear sweet spot for investors seeking the best RevPAN per added bedroom.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$43 |
| 1 bedroom |
|
$46 |
| 2 bedrooms |
|
$84 |
| 3 bedrooms |
|
$82 |
| 4 bedrooms |
|
$93 |
| 5 bedrooms |
|
$124 |
| 6+ bedrooms |
|
$174 |
Two-bedroom units lead occupancy at 36%, while most other sizes cluster around 22–28%. This means smaller and mid-size properties fill more consistently, but the significantly higher ADRs of larger homes more than compensate for their lower occupancy when measured on a revenue basis.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
23% |
| 1 bedroom |
|
28% |
| 2 bedrooms |
|
36% |
| 3 bedrooms |
|
24% |
| 4 bedrooms |
|
23% |
| 5 bedrooms |
|
22% |
| 6+ bedrooms |
|
23% |
Monthly revenue ranges from $1,756 for 1-bedroom listings to $9,312 for 6+ bedroom properties, with each step up in size delivering a meaningful revenue increase. Investors targeting the 5-bedroom segment ($6,971/month) or larger stand to earn well above the market average of $4,256.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$1,973 |
| 1 bedroom |
|
$1,756 |
| 2 bedrooms |
|
$3,644 |
| 3 bedrooms |
|
$4,062 |
| 4 bedrooms |
|
$4,995 |
| 5 bedrooms |
|
$6,971 |
| 6+ bedrooms |
|
$9,312 |
Larger properties dominate annual earnings — 6+ bedroom homes average $111,748 per year, more than double the 3-bedroom figure of $48,749 and over five times the 1-bedroom average of $21,083. For investors weighing acquisition cost against return potential, 4- and 5-bedroom configurations offer a strong middle ground at roughly $60K–$84K annually.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$23,679 |
| 1 bedroom |
|
$21,083 |
| 2 bedrooms |
|
$43,728 |
| 3 bedrooms |
|
$48,749 |
| 4 bedrooms |
|
$59,941 |
| 5 bedrooms |
|
$83,653 |
| 6+ bedrooms |
|
$111,748 |
Parking (99%) and kitchens (94%) are near-universal, while pools (69%) and hot tubs (66%) appear in roughly two-thirds of listings — a clear signal that guests in Wisconsin Dells expect resort-style amenities. Investors listing without a pool or hot tub may face a competitive disadvantage in this leisure-driven market.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
99% |
| Kitchen |
|
94% |
| Self Check-in |
|
86% |
| Washer |
|
78% |
| Dryer |
|
78% |
| Patio or Balcony |
|
78% |
| BBQ Grill |
|
74% |
| Outdoor Furniture |
|
73% |
| Pool |
|
69% |
| Hot Tub |
|
66% |
| Backyard |
|
47% |
| Gym |
|
46% |
| Workspace |
|
32% |
| Lake Access |
|
29% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Wisconsin Dells Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Above average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Average | 15% |
Wisconsin Dells' ROI score of 75 out of 100 places it in the "Standout Opportunity" tier, driven primarily by an above-average revenue-to-price ratio that suggests strong income potential relative to acquisition costs. Occupancy stability, market growth trend, and supply/demand balance all register as average — a reminder that the 132% year-over-year supply growth and seasonal occupancy patterns merit close attention. Pairing this score with thorough local regulatory research and a clear peak-season pricing strategy will give investors the most realistic picture of their expected returns.
Understanding local STR regulations is essential before investing in Wisconsin Dells. Here's the current regulatory landscape:
Operators in Wisconsin Dells, Wisconsin should verify whether a short-term rental permit or tourist rooming house license is required by the city or the state's Department of Safety and Professional Services. Requirements can vary, so contacting local planning and licensing offices before purchasing is strongly recommended.
Common restrictions that may apply in Wisconsin Dells include occupancy limits tied to bedroom count, minimum-stay requirements during certain periods, noise and parking ordinances, and rules imposed by homeowner associations. Some municipalities in Wisconsin also enforce permit caps or restrict non-owner-occupied rentals, so investors should confirm the current local rules before committing to a property.
Short-term rental operators in Wisconsin are generally subject to state and local room taxes, which may include sales tax and a municipal or county room tax. Major booking platforms often collect and remit some of these taxes on behalf of hosts, but operators should verify their specific obligations with the Wisconsin Department of Revenue.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Wisconsin Dells can provide current regulatory guidance.
Financing an Airbnb investment in Wisconsin Dells requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, expect the summer-driven demand cycle to continue anchoring most of Wisconsin Dells' revenue potential, with July and August likely commanding ADRs that keep annual returns healthy. Listing supply has surged 132% year over year, so new investors should watch for occupancy pressure as the market absorbs additional inventory. ADR may hold steady or rise modestly by 1–3% given the destination's tourism draw, though off-season months will probably remain soft in the $2,700–$3,400 range. Investors targeting larger properties — 5+ bedrooms — are best positioned to capture group and family travel demand that underpins the Dells market."
— 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 as of the noted date and may not capture very recent market shifts. Local regulations, licensing requirements, and tax obligations can change; always verify with municipal and state authorities before investing.
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