Elkhorn, WI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

34 / 99

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$36,338

Middle-Earners Revenue

Occupancy

43%

Middle-Earners Occupancy

Home Value

$348,465

Median Home Sale Price

Top Earners

$118,089

Top-Earners Revenue

Elkhorn

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Elkhorn.

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B

Generally Investor friendly

Elkhorn Regulations

STRs are explicitly permitted with a 7+ day minimum stay and governed by county-wide rules; moderate costs for state ($110 + $300 inspection) and county licensing, occupancy based on infrastructure, and strong enforcement with $663/day penalties deter non-compliance while allowing operation.

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About Elkhorn

Elkhorn is a small city in Walworth County, in southeastern Wisconsin, situated roughly midway between Milwaukee to the north and Chicago to the south. With a population of approximately 10,000, it serves as the county seat of Walworth County and carries the relaxed pace of a Midwestern county town. Known locally for its historic downtown square and the annual Walworth County Fair, Elkhorn also functions as a quieter, more affordable alternative for visitors drawn to the popular Lake Geneva resort region just to its east. The community blends small-town character with easy access to some of southern Wisconsin's most visited natural and recreational destinations.

Just a short drive east of Elkhorn, the Lake Geneva area offers a classic Midwestern resort experience. The lake and the surrounding town draw visitors year-round for boating, swimming, shoreline walking, and winter activities. About ten to fifteen minutes from Elkhorn, the community features a walkable downtown with shops, restaurants, and the historic lakefront estates that have made it a long-standing getaway for residents of Chicago and Milwaukee. For owners of short-term rentals, the proximity to Lake Geneva events and seasonal tourism is a significant draw that Elkhorn can capture without the higher property costs of staying directly on the lake.

To the north and west of Elkhorn lies the Kettle Moraine State Forest, a vast landscape shaped by the last Ice Age. The forest's Southern Unit offers miles of trails for hiking, biking, and horseback riding, along with camping, swimming, and cross-country skiing in the colder months. Drive times to the forest entrance are typically under half an hour from Elkhorn, making it an easy day trip for vacationers interested in the outdoors. The unusual glacial terrain, with its kettles, moraines, and eskers, gives the area scenery that visitors from flatter parts of the Midwest find particularly appealing.

Closer to home, Elkhorn's own downtown square is anchored by the Walworth County Fairgrounds, host each summer to one of Wisconsin's longest-running county fairs, drawing thousands of visitors and creating predictable seasonal demand for nearby lodging. Within roughly thirty minutes of Elkhorn, guests can also reach neighboring communities such as Delavan and Williams Bay, each with its own small-town feel and access to the water. Together, these nearby offerings give short-term rental guests a mix of lakeside leisure, outdoor adventure, and small-town events without ever needing to travel far from their rental.

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