Algoma, WI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Algoma short-term rental market based on reliable data.

Listings

53 / 88

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$29,124

Middle-Earners Revenue

Occupancy

52%

Middle-Earners Occupancy

Home Value

$269,950

Median Home Sale Price

Top Earners

$41,811

Top-Earners Revenue

Algoma

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Algoma.

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B

Generally Investor friendly

Algoma Regulations

Algoma clearly allows STRs citywide with a straightforward $100 annual licensing fee and dual state/local permitting process. The regulations are comprehensive but manageable, with clear operational rules, reasonable occupancy/parking requirements, and defined compliance processes. While multiple licenses and inspections are required, there are no meaningful caps and the regulatory framework is predictable for investors.

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About Algoma

Algoma is a small city of about 3,100 people in Kewaunee County, Wisconsin, situated on the western shore of Lake Michigan where the Ahnapee River meets the big lake. The community has the laid-back feel of a classic Midwestern lakeside town, with a working harbor, a walkable downtown, and a noticeably slower pace than the larger cities to the south. It is best known as the southern gateway to Door County, the popular Wisconsin peninsula to the north, and lies roughly 30 miles southeast of Green Bay.

The city's Lake Michigan shoreline is anchored by a public beach and marina set within a waterfront park just steps from downtown. Visitors can swim, fish off the pier, watch boats come and go, or take in the wide-open views across the water toward the horizon. The marina is one of the larger recreational harbors on the Wisconsin side of the lake, and the adjacent park functions as the town's gathering place throughout the warmer months, hosting concerts, festivals, and weekly car shows in season.

The Ahnapee State Trail, a regional rail-trail running north from Algoma through Kewaunee County and into Door County, passes directly through the city. Hikers, cyclists, and snowmobilers use it to travel between small communities and out into the surrounding farmland and forest, and it doubles as a local recreation path and a connector for outdoor tourism. The trailhead in Algoma is a popular starting point for visitors who want to explore the area at a slower pace.

Because Algoma sits just south of the Door County peninsula, it functions as a quieter, more affordable base for travelers exploring destinations like Peninsula State Park, the wineries and orchards around Sturgeon Bay, and the lighthouses and fish boils of the upper peninsula. Driving times to Sturgeon Bay run roughly 30 to 40 minutes, and most of Door County's main draws are within an hour by car. The larger amenities of the Green Bay area, including Lambeau Field and the broader Fox River Valley, are about 30 to 40 minutes to the west, and the neighboring city of Kewaunee lies just a few miles to the south along the lakeshore.

For short-term-rental investors, Algoma offers a compelling mix: an authentic, uncrowded Wisconsin lakeside town with a working harbor, immediate access to one of the Midwest's most popular vacation regions, and proximity to a mid-sized city with year-round events. Its character as a real harbor town rather than a polished resort destination gives it a genuine feel that appeals to travelers seeking something beyond the typical tourist corridor, while its position between Door County and Green Bay helps smooth out seasonal demand swings. For owners looking to serve visitors who want the Door County experience without the Door County crowds and prices, Algoma is a natural fit.

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