Mellen, WI

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  • Performance
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Key Performance Metrics

Market snapshot

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

Listings

12 / 30

Reliable / Active

Cap Rate

19%

Middle-Earners Gross Yield

Revenue

$27,749

Middle-Earners Revenue

Occupancy

53%

Middle-Earners Occupancy

Home Value

$147,133

Median Home Sale Price

Top Earners

$55,978

Top-Earners Revenue

Mellen

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Mellen.

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A

Very Investor friendly

Mellen Regulations

Short‑term rentals are permitted citywide with no city‑level caps or conflicting rules; the county process is clear and the only major cost is a one‑time $500 STR zoning permit plus the annual TRH license, which is standard and manageable. Zoning clarity, straightforward approvals, and a supportive stance keep investor risk low.

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About Mellen

Mellen is a small city in Ashland County, in far northern Wisconsin, with a population of roughly 750 residents. Tucked into the deep woods of the Chequamegon-Nicolet National Forest and sitting among the iron-bearing ridges of the Penokee-Gogebic range, the town has a quiet, outdoorsy character shaped by its logging, mining, and railroad past. Travelers passing through are usually on their way to one of the region's signature outdoor destinations, and Mellen itself tends to function as a relaxed base for visitors exploring the forested hills of Bayfield and Ashland counties. It lies approximately 100 miles southeast of Duluth, Minnesota, the nearest major metropolitan area, and roughly 250 miles northeast of Minneapolis.

For outdoor travelers, the headline attraction in the immediate area is Copper Falls State Park, located just a few miles north of Mellen. The park is known for its deep gorges carved by the Bad River and Tyler Forks, dramatic waterfalls including Copper Falls and Brownstone Falls, and a network of hiking trails that loop past old-growth forest and remnants of old mining activity. Its proximity makes it an easy day trip from a rental in town and a strong reason seasonal visitors choose Mellen as a quieter, more affordable alternative to the more heavily visited parks along Lake Superior's south shore.

Surrounding the city in nearly every direction is the Chequamegon-Nicolet National Forest, a vast expanse of hardwood and conifer woodland that stretches across much of northern Wisconsin. The forest offers extensive opportunities for hiking, mountain biking, ATV and snowmobile riding, hunting, and trout fishing on the Bad River and its tributaries, many of which run right through the Mellen area. Seasonal cabins, rustic campgrounds, and a dense trail network make the surrounding woods a year-round draw, particularly during fall color season and the long snowmobile and ski months.

A short drive north brings travelers to the Lake Superior shoreline, where the small harbor city of Ashland sits about 30 miles from Mellen. Ashland offers a historic downtown, a working waterfront, and access to the broader Bayfield Peninsula, including the gateway town of Bayfield and the Apostle Islands National Lakeshore beyond. Closer to home, the area's iron-mining and railroading past is reflected in local landmarks and the rugged, ridge-backed terrain that frames the town, giving the region a distinctive industrial-meets-wilderness feel that sets it apart from the gentler lake country to the north.

Together, these qualities give Mellen an understated appeal for short-term-rental owners. The town is small and unhurried, but its position at the edge of a major national forest and within easy reach of one of Wisconsin's most photographed state parks makes it a natural fit for visitors seeking quiet, scenic, activity-driven stays in a part of the state that still feels largely undiscovered.

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