Mineral Point, WI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

79 / 124

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$23,641

Middle-Earners Revenue

Occupancy

47%

Middle-Earners Occupancy

Home Value

$325,694

Median Home Sale Price

Top Earners

$43,043

Top-Earners Revenue

Mineral Point

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Mineral Point.

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C

Challenging to Investors

Mineral Point Regulations

STRs are only explicitly allowed as conditional uses (B&B/rooming house) in R‑2/R‑3 districts, requiring a CUP, zoning permit, certificate of occupancy and state DATCP license; whole‑home rentals aren’t explicitly permitted in residential zones and are ambiguous in commercial zones, creating compliance risk and added cost.

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About Mineral Point

Mineral Point is a small, art-filled city in Iowa County, southwestern Wisconsin, with a population of roughly 2,500 residents. Tucked into the rolling hills of the Driftless Area, the city is best known for its 19th-century Cornish mining heritage and its well-preserved limestone and cobblestone architecture, which give it the look and feel of a transplanted English village. Today it functions as both a National Historic Landmark District and one of the Midwest's most respected artist colonies, drawing visitors who come for the galleries, antique shops, and slow-paced small-town atmosphere. Madison, the nearest major city, lies about 55 miles to the northeast, while Dubuque, Iowa, sits roughly 70 miles to the west across the Mississippi River.

The city's marquee historic site is Pendarvis, a cluster of restored 1830s and 1840s limestone cottages built by Cornish lead miners. Operated by the Wisconsin Historical Society, Pendarvis offers guided tours of the stone buildings, a small museum on the Cornish immigration story, and seasonal events such as candlelight tours in the fall and winter. Visitors can walk from Pendarvis to the rest of the historic district in a matter of minutes, and the site is open seasonally from spring through late autumn.

Just minutes from downtown, Governor Dodge State Park offers more than 5,000 acres of wooded hills, scenic bluffs, and trout streams. About a 15-minute drive from the city center, the park is a popular draw for hiking, horseback riding, mountain biking, and swimming, and it includes two lakes, campgrounds, and a network of trails that showcase the distinctive terrain of the Driftless region. It is a natural counterpoint to the cultural and historic attractions of town.

A short walk from Pendarvis, Shake Rag Alley is a community of restored 19th-century buildings that today houses artist studios, galleries, and year-round workshops in ceramics, printmaking, fiber arts, and writing. The campus is open to the public for browsing and seasonal events such as the annual Art Festival in October, and it has helped cement Mineral Point's reputation as a creative hub in the Upper Midwest.

Just a short drive to the southwest, the historic town of Galena, Illinois, with its preserved 19th-century Main Street and Grant Park landmarks, makes an easy day trip, while the wider Driftless Area offers trout fishing, cave systems, and scenic byways for outdoor enthusiasts.

Mineral Point is a compelling base for short-term rentals because it pairs genuine historic character with a tight cluster of attractions within walking or short-driving distance. Guests can spend mornings exploring Cornish stone architecture, afternoons hiking in Governor Dodge State Park, and evenings browsing galleries, all while staying within a few hours' drive of Madison, Milwaukee, and Chicago. That combination of heritage, arts, and access to the Driftless landscape gives the city year-round appeal for travelers who want something quieter and more distinctive than a typical Wisconsin getaway.

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