Performance indicators for the Lake Mills short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Lake Mills.
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Generally Investor friendly
STRs are permitted with no town-specific caps or approvals, but operators must obtain a Wisconsin Tourist Rooming House license (requires a $410 initial cost and $110 annual fee, plus state inspection) and comply with state health/safety and tax rules. The lack of local ordinances and Wisconsin’s prohibition on de facto bans keep costs manageable and barriers moderate, though some local policy uncertainty and nuisance enforcement create modest risk.
Local STR Agent
STR specialist · Lake Mills, WI
Lake Mills is a city in Jefferson County, Wisconsin, United States. The population was 6,211 at the 2020 census. The city is located partially within the Town of Lake Mills.