Florence, WI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

32 / 59

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$16,463

Middle-Earners Revenue

Occupancy

36%

Middle-Earners Occupancy

Home Value

$234,467

Median Home Sale Price

Top Earners

$36,719

Top-Earners Revenue

Florence

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Florence.

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C

Challenging to Investors

Florence Regulations

STRs are technically allowed but require a DATCP Tourist Rooming House license, health inspections, and both land‑use/zoning and, in many districts, conditional‑use permits with public hearings; VRBO is only a conditional use in OF‑4 while RS‑5 lakeside districts outright prohibit transient (≤6‑day) stays. Shoreland setbacks and additional approvals further complicate projects, making compliance burdensome enough to deter some investors.

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About Florence

Florence is a small town and the seat of Florence County, tucked into the far northeastern corner of Wisconsin just a short drive from the Michigan border. With only a few hundred residents in the town proper and a county population of roughly four thousand, Florence has the quiet, unassuming character of a true Northwoods community. The local economy revolves around logging, small-scale tourism, and outdoor recreation, and the town serves as a gateway for travelers heading into the surrounding forests, lakes, and trail networks of the Wisconsin–Michigan borderlands. The nearest major city is Green Bay, about 75 miles to the south, while Iron Mountain, Michigan, lies roughly 25 miles to the south across the state line.

A short drive north and west of town brings visitors to the Nicolet National Forest, a sprawling 1.5-million-acre expanse of hardwood and conifer forest that dominates the region. The forest is laced with hiking trails, campgrounds, and trout streams, and it offers some of the best fall color drives in the upper Midwest, as well as cross-country skiing and snowmobiling in winter. For anglers and paddlers, the Spread Eagle chain of lakes straddles the Wisconsin–Michigan border just minutes from Florence, connecting a series of clear, spring-fed lakes that are popular for fishing, kayaking, and quiet pontoon cruises during the summer months.

The area's identity is closely tied to its network of recreational trails. Florence County is widely recognized for its extensive ATV and snowmobile trail systems, which draw riders from across the Midwest in every season. The local trail network ties into larger state and federal systems, making Florence a natural base camp for multi-day riding trips through the Northwoods. Down on the ground, the Pine River and its tributaries cut through the county, offering opportunities for canoeing, fly-fishing, and riverside camping in some of the most sparsely developed country in the state.

Within the town itself, Florence retains a handful of small businesses, diners, and outfitters that cater to seasonal visitors, along with a community park and a local historical society that reflects the area's roots in nineteenth-century iron mining and logging. The combination of small-town hospitality, genuine wilderness access, and proximity to both Green Bay and Michigan's Upper Peninsula makes Florence an appealing base for short-term rentals aimed at outdoor travelers, snowmobilers, and anyone looking to experience the quieter side of Wisconsin's Northwoods.

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