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  3. Wisconsin
  4. Eagle River

Eagle River, Wisconsin

Short-Term Rental Market Data & Investment Analysis

Eagle River, Wisconsin Short-Term Rental Market

Eagle River, WI STRs averaged $190/night at 40.1% occupancy in April 2026 across 14,852 active listings.

Quick Answer: Eagle River, Wisconsin is an active short-term rental market. average occupancy in the Wisconsin Area market area is 60%. average monthly revenue in the Wisconsin Area market area is $4,359. average daily rate in the Wisconsin Area market area is $293. the top operator in the Wisconsin Area market area is Evolve with 553 listings. market score is 80/100 (grade B).

Avg Monthly Revenue
$4,359
↑ 3.2% YoY
60%
Occupancy
↓ 0.4% YoY
$293
Avg Daily Rate
↑ 3% YoY
95.3 days avg lead time4.1 avg length of stay

Market data reflects the Wisconsin Area regional market, which includes Eagle River. Regulations, taxes, and permit details below are specific to Eagle River.

Market Score Breakdown

Five dimensions StaySTRA evaluates per market.

Regulation69
Seasonality57
Investability92
Rental Demand58
Revenue Growth92

Market Overview

Eagle River is the county seat of Vilas County in Wisconsin’s Northwoods, serving as a year-round destination anchored by the Eagle River Chain of Lakes (billed as the world’s largest freshwater chain) and a strong snowmobile tourism industry. The short-term rental market is one of the largest lake-country markets in the Midwest, with approximately 14,852 active listings. Entire-place rentals account for 14,056 of those (94.6%), with 792 private-room listings and 4 shared-room options. The average daily rate was $190.23 in April 2026, with occupancy at 40.1%, producing a RevPAR of $76.35. April sits in the shoulder period between snowmobile and summer lake seasons; historically, April averages 40.6% occupancy. Year-over-year in April, occupancy rose 1.6% and ADR increased 6.7%, with revenue essentially flat at +0.3%. Two-bedroom units lead supply at 4,277 listings, followed by three-bedroom (4,069), one-bedroom (2,983), four-bedroom (2,156), and five-bedroom or larger (1,339). Both Airbnb and VRBO have strong presence: 5,664 Airbnb-only listings, 2,129 VRBO-only, and 7,059 cross-listed on both platforms. The market’s composite score of 80.0 is driven by outstanding investability (91.9) and revenue growth (91.9), with seasonality (56.8) and rental demand (57.8) scores reflecting the market’s concentration in peak months.

Seasonal Patterns

Monthly seasonal data for Eagle River, Wisconsin
MonthOccupancy
Jan36%
Feb41%
Mar35%
Apr41%
May50%
Jun62%
Jul70%
Aug62%
Sep47%
Oct43%
Nov38%
Dec41%

Month-by-month nightly rates and revenue figures for Eagle River are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.

Top Short-Term Rental Operators in Wisconsin Area market area

Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Wisconsin Area market as a whole, which includes Eagle River, so these counts are not Eagle River-only figures.

#OperatorListingsReviewsRating
1Evolve55319,950★ 4.74
2Vacasa42111,122★ 4.62
3Hiller Vacation Homes951,825★ 4.46
4Northwoods Property Managment63445★ 4.71
5Wild Eagle Lodge5918★ 4.50

What Kind of STR Should I Buy in Eagle River?

Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Eagle River are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.

Booking Channel Mix

Distribution of bookings across major STR platforms.

Channel mix
ChannelShare
airbnb38.1%
vrbo14.3%
both47.5%

Investment Analysis

The full investment analysis for Eagle River — gross-yield math against current home values, plus 5-year monthly revenue, nightly-rate, and occupancy trend charts — is available to StaySTRA Pro members and updates monthly. The figures shown elsewhere on this page are the free market snapshot.

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Home Value Trends (Eagle River)

Typical home values, median sale prices, and the 10-year price trend for Eagle River are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.

Booking Insights

Booking-window and length-of-stay analysis for Eagle River — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.

Short-Term Rental Regulations

Eagle River adopted Short-Term Rental Licensing Ordinance 590 on January 14, 2025, establishing the city’s first dedicated STR licensing framework. Operators must obtain a city STR license with a specific fee amount set by the City Council in the city fee schedule (the dollar amount was not published online as of the time of research). The city license layers on top of Wisconsin state requirements: a Tourist Rooming House license through the Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP), a Vilas County tourist rooming house permit (renewing annually by January 31), and a Wisconsin seller’s permit for tax collection. Key operating rules include a minimum $300,000 liability insurance requirement, and a functional 7-day minimum stay for non-owner-occupied rentals in single-family (R-1) zones (a property in R-1 cannot be rented more than once in a 7-day period unless the owner resides on site). Occupancy is capped by septic capacity at two persons per bedroom. Operators must collect and remit the City of Eagle River accommodations tax of 4.5% plus a 0.5% premier resort area tax, totaling 5.0%. There is no published cap on total rental nights per year and no general primary-residence requirement. Enforcement severity is rated moderate. Existing rentals operating before January 2025 received a 120-day grace period to come into compliance.

Market Comparison

Eagle River’s 40.1% April occupancy reflects the shoulder season; peak July occupancy of 70.3% is above the US STR median of approximately 55%. The $190 ADR in April and $254 in July both exceed the national median ADR of approximately $220 in peak season, positioning Eagle River as a premium-priced lake market rather than a budget destination. The market’s revenue growth score of 91.9 and investability score of 91.9 are both in the top tier nationally for markets of this size. On the operator side, Evolve leads with 553 listings and a 4.74 average rating across 19,950 reviews, making it the largest professional manager in the market. Vacasa manages 421 listings with a 4.62 rating, Hiller Vacation Homes holds 95 listings at a 4.46 rating, Northwoods Property Management manages 63 at 4.71, and Wild Eagle Lodge holds 59 listings with a 4.50 rating. Together the top five manage approximately 1,191 listings, roughly 8% of the 14,852-listing market, indicating the market remains primarily independently operated despite the presence of national management companies.

Frequently Asked Questions About Eagle River, Wisconsin

What is the average daily rate for short-term rentals in Eagle River, Wisconsin?
Eagle River short-term rentals average $293 per night across all listing types. Nightly-rate breakdowns by property tier are available with StaySTRA Pro.
When is peak season for STRs in Eagle River, WI?
Occupancy in Eagle River peaks in Jul (70%) and is softest in Mar (35%). Month-by-month rate and revenue figures are available with StaySTRA Pro.
Do I need a permit for an Airbnb in Eagle River, Wisconsin?
Yes. Eagle River requires a city STR license under Ordinance 590 (adopted January 14, 2025), a Wisconsin DATCP Tourist Rooming House license, and a Vilas County tourist rooming house permit. You must also carry at least $300,000 in liability insurance and collect a 5% combined local accommodations and resort area tax. Non-owner-occupied properties in R-1 zones are limited to no more than one rental period per 7 days.
What is the average monthly revenue for an Eagle River, WI STR?
Across all listing types, Eagle River short-term rentals average $4,359 per month. Breakdowns by property type, bedroom count, and season are available with StaySTRA Pro, or run a free address-level estimate with the StaySTRA Analyzer.
Is Eagle River a good market for STR investment?
Eagle River scores 91.9 out of 100 on both investability and revenue growth. Typical home values are approximately $377,288. Revenue has grown from roughly $1,898/month in 2017 to $3,015/month in 2025. The two-peak seasonal pattern (summer lakes and winter snowmobile) supports year-round income, though March and April require conservative underwriting.
How far in advance do guests book Eagle River cabin rentals?
The average booking lead time is 47.3 days, meaning guests plan approximately six to seven weeks ahead. The average stay is 3.9 nights. This is consistent with destination lake and snowmobile travel where groups coordinate in advance.
Who are the largest STR property managers in Eagle River, Wisconsin?
Evolve leads with 553 listings and a 4.74 average rating across 19,950 reviews. Vacasa manages 421 listings (4.62 rating), Hiller Vacation Homes 95 (4.46), Northwoods Property Management 63 (4.71), and Wild Eagle Lodge 59 (4.50). The top five collectively manage about 1,191 listings, roughly 8% of the market.
Eagle River, WisconsinRev $4,359ADR $293Occ 60%Score B (80)

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Table of Contents

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Quick Facts: Wisconsin Area market area

Avg Daily Rate
$293
Occupancy Rate
60%
Avg Revenue/Mo
$4,359
Eagle River Population
1,617

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