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).
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.
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
| Month | Occupancy |
|---|---|
| Jan | 36% |
| Feb | 41% |
| Mar | 35% |
| Apr | 41% |
| May | 50% |
| Jun | 62% |
| Jul | 70% |
| Aug | 62% |
| Sep | 47% |
| Oct | 43% |
| Nov | 38% |
| Dec | 41% |
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.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 553 | 19,950 | ★ 4.74 |
| 2 | Vacasa | 421 | 11,122 | ★ 4.62 |
| 3 | Hiller Vacation Homes | 95 | 1,825 | ★ 4.46 |
| 4 | Northwoods Property Managment | 63 | 445 | ★ 4.71 |
| 5 | Wild Eagle Lodge | 59 | 18 | ★ 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 | Share |
|---|---|
| airbnb | 38.1% |
| vrbo | 14.3% |
| both | 47.5% |
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
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