Mercer, WI

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

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

Listings

134 / 336

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$26,210

Middle-Earners Revenue

Occupancy

50%

Middle-Earners Occupancy

Home Value

$318,117

Median Home Sale Price

Top Earners

$46,754

Top-Earners Revenue

Mercer

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Mercer.

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B

Generally Investor friendly

Mercer Regulations

STRs are explicitly allowed but require a multi-step process: a county Conditional Use Permit, a town Tourist Rooming House Permit, health inspections, a public hearing, and a full-time Mercer resident agent. Fees are modest ($150/year) and there are no meaningful caps, making compliance manageable despite extra steps and local oversight.

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About Mercer

Mercer is a small unincorporated community in Iron County, in the far north of Wisconsin, tucked into the state's Northwoods region near the Upper Michigan border. The community has a population of approximately 1,500 residents and maintains the quiet, outdoorsy character that defines the surrounding landscape. It serves as a gateway to the Turtle-Flambeau Flowage and the broader Northwoods recreation area, sitting roughly 50 miles north of Rhinelander, the nearest regional hub, and about 100 miles south of Lake Superior.

The Turtle-Flambeau Flowage is the centerpiece of the Mercer experience, a vast reservoir of the Turtle and Flambeau rivers that spans roughly 19,000 acres of water and undeveloped shoreline. The flowage is dotted with islands, quiet bays, and marshy back channels that draw anglers, kayakers, and canoeists throughout the warmer months, with walleye, muskie, and smallmouth bass among the prized catches. From the community of Mercer, public boat launches and small marinas are just a short drive, making the water an easy day trip for visitors staying in town.

Surrounding the community, the Chequamegon-Nicolet National Forest spreads across more than a million acres of northern Wisconsin, providing a backdrop of pine, aspen, and hardwood forest laced with lakes, rivers, and miles of trail. Hiking, mountain biking, cross-country skiing, and snowmobiling are all popular pursuits here, and the forest is home to wildlife ranging from white-tailed deer and black bears to bald eagles and common loons. Several forest roads and trailheads lie within a 15 to 30 minute drive of Mercer, depending on direction.

In the colder months, Iron County's groomed snowmobile and cross-country ski trail system becomes one of the main reasons travelers find their way north, with hundreds of miles of routes linking Mercer to the wider northern Wisconsin trail network. The town itself has a small cluster of locally owned restaurants, bait shops, and outfitters that reflect its year-round relationship with the outdoors. From Mercer, day trips to the Lake Superior shoreline at Saxon Harbor are possible in a little over an hour, extending the range of experiences available to vacationers who choose the community as a base.

With its combination of remote Northwoods setting, a signature inland waterway, and easy access to vast national forest lands, Mercer offers short-term rental owners a guest base drawn to nature, quiet, and four-season recreation rather than urban attractions. Visitors come for fishing trips, snowmobile weekends, fall color tours, and simple escapes from city life, and the community's small footprint and scenic setting give it an enduring appeal for travelers looking to slow down in the Wisconsin woods.

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