Hayward, WI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

521 / 1253

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$30,925

Middle-Earners Revenue

Occupancy

49%

Middle-Earners Occupancy

Home Value

$373,776

Median Home Sale Price

Top Earners

$57,587

Top-Earners Revenue

Hayward

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Hayward.

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B

Generally Investor friendly

Hayward Regulations

STRs are permitted under the county TRH license with a clear step‑by‑step process, no explicit caps, and only moderate burdens: state TRH + city business license, local agent, 100‑ft neighbor notice, safety and inspection requirements, and enforcement triggers. Compliance is known but requires paperwork and operational rules.

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About Hayward

Hayward sits in Sawyer County in northwestern Wisconsin, a small city of roughly 2,500 residents that serves as a year-round base for visitors drawn to the surrounding forests, lakes, and recreation areas. The town has a classic Northwoods character, with a compact downtown anchored by locally owned shops, restaurants, and outfitters, and it functions as a gateway to the vast Chequamegon–Nicolet National Forest that wraps around it. Hayward lies about 150 miles northeast of Minneapolis–Saint Paul and roughly 100 miles southeast of Duluth, making it a natural long-weekend destination for travelers coming from both metro areas.

One of the most recognizable features of the town is the National Fresh Water Fishing Hall of Fame, a short walk from the main commercial strip. The complex includes a museum dedicated to angling history and a roughly 143-foot fiberglass musky statue that visitors can climb inside for views of the surrounding lake country. The attraction sits within minutes of essentially every lodging option in town and has become something of an obligatory photo stop for passing travelers.

The surrounding landscape is the real draw for many visitors, with the Chequamegon–Nicolet National Forest offering hundreds of miles of hiking, biking, snowmobile, and cross-country ski trails. Hayward hosts the finish line of the American Birkebeiner, one of the largest cross-country ski races in North America, drawing thousands of athletes and spectators each February and filling area lodging during a winter season when many rural Wisconsin towns go quiet. The race has become closely identified with the town's identity, and Birkebeiner-branded signage is visible throughout the community.

A short drive north of town, the Namekagon River, part of the St. Croix National Scenic Riverway, offers paddling and fishing through a corridor of undeveloped woodlands, while nearby Lake Hayward, Grindstone Lake, and Lac Courte Oreilles provide additional boating, swimming, and fishing opportunities within a 15- to 30-minute radius. Hayward itself is small enough to walk end to end in a day, but its role as a service hub for the surrounding forest and lake country means visitors can find a full range of dining, grocery, and outdoor gear options without leaving town.

For short-term rental owners, the appeal of Hayward is the combination of four-season demand, a recognizable regional brand anchored by the Birkebeiner and the giant musky, and a relatively limited supply of traditional hotels. Summer lake traffic, fall color drives, and winter ski and snowmobile visitors all bring distinct booking windows, and the town's position as the de facto base camp for the Chequamegon–Nicolet forest gives it a steady baseline of outdoor-focused travelers throughout the year.

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