Sturgeon Bay Wisconsin Vacation Rental Report
Success Stories & Vacation Rental Trends, Updated September 2022
Positive vacation rental trends in Sturgeon Bay, Wisconsin when you considering renting out your Sturgeon Bay home as a short-term rental include: Turning your vacation house into a business for extra income - In 2017, nearly 7 percent of U.S. households rented out their primary residence at least once during the year, and that number is expected to climb to 8 percent by 2022. As more people choose to turn their vacation houses into businesses, this is expected to create more short-term rentals available for rent in Sturgeon Bay, Wisconsin. Increasing demand from travelers who want to stay closer to nature - The growth of Airbnb has resulted in increased demand for vacation rentals in Sturgeon Bay, Wisconsin from tourists looking for unique places to stay that are closer to nature than hotels and resorts.
As the population of Sturgeon Bay continues to grow, so too does the demand for vacation rentals. A positive trend in Sturgeon Bay is that more people are choosing to rent out their homes as short-term rentals, whether it be a weekend getaway or just some extra income. This allows homeowners to enjoy their vacation home while also generating an additional income stream. It’s important to note, however, that renting out your home as a short-term rental does come with its share of risks. For example, if there’s an issue with your property during your stay, you could be at risk of losing your Airbnb license and even facing fines from local authorities.
Vacation rentals are increasingly popular in Sturgeon Bay. Some of the main reasons why people rent out their homes to vacationers include: Many homeowners want to get out of the house and see the world while they still can. And with technology, everything is so accessible now. They can check email, look up travel information, even take a nap without leaving the house! Also, with shorter vacations and less time for planning, many people (especially those with young children) prefer renting out their homes when they go on vacation. If you have more than one child, it may be more affordable to rent a cottage or condo where all of your children can stay together rather than having separate places for each.
Note: These averages are based on a 3 bedroom home in Sturgeon Bay. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.
If you are a speculative home buyer or have another home in Wisconsin, check out our other Wisconsin Vacation Rental Management reports in Green Bay, Kohler, Madison, Milwaukee, Kenosha, Racine, Cable, Birchwood, Hayward, and Fort Atkinson, Wisconsin or view all of our vacation rental market reports