Sheboygan, WI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

221 / 376

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$29,878

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Home Value

$264,820

Median Home Sale Price

Top Earners

$72,368

Top-Earners Revenue

Sheboygan

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Sheboygan.

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B

Generally Investor friendly

Sheboygan Regulations

STRs are explicitly permitted citywide with a clear path to operate, but require layered licensing (state TRH, county lodging, city room tax, plus municipal licenses where applicable), multiple inspections and moderate fees totaling several hundred dollars upfront and annually. The state’s 180‑day minimum is a manageable constraint and there’s no strict local cap, making compliance a known process rather than prohibitive.

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About Sheboygan

Sheboygan is a city of roughly 50,000 residents situated on the western shore of Lake Michigan in Sheboygan County, Wisconsin. Known informally as the "Bratwurst Capital of the World," the city has deep German roots that shape its food culture, with a beloved annual Bratwurst Days celebration drawing visitors each summer. Sheboygan's character is a working-class mix of industrial heritage and outdoor recreation, framed by the broad freshwater expanse of Lake Michigan and a growing reputation for craft beer, farm-to-table restaurants, and a walkable downtown riverfront. It sits about 50 miles north of Milwaukee and roughly 110 miles north of Chicago, making it a convenient weekend escape for Midwestern city dwellers seeking beach time, hiking, and small-city charm.

One of the city's cultural anchors is the John Michael Kohler Arts Center, a contemporary art museum housed in a series of converted industrial buildings downtown. Known for its ever-changing exhibits and its artist-in-residence program, the center draws art lovers from across the region and is consistently ranked among the most distinctive small-city museums in the Midwest. It sits just a few blocks from the Sheboygan River, within easy walking distance of the city's hotels and restaurants.

Just south of the city, Kohler-Andrae State Park offers a stretch of Lake Michigan shoreline famous for its towering sand dunes, quiet white-sand beach, and pine forests. About a 15-minute drive from downtown Sheboygan, the park is popular for camping, hiking, and cross-country skiing, and it anchors the northern end of the John Michael Kohler Artesian Well-fed wetland ecosystem that supports migrating songbirds in spring and fall.

A short drive inland leads to Elkhart Lake, about 20 minutes west of Sheboygan, home to Road America, one of the world's premier road-racing circuits. The 4-mile track hosts major sports car and motorcycle events throughout the warmer months, and the surrounding village of Elkhart Lake offers lakeside dining, boutique inns, and a quiet resort atmosphere. Nearby, the Blackwolf Run golf courses, part of the Destination Kohler complex, are internationally known for major championship play, with the nearby Whistling Straits course having hosted multiple major championships.

Sheboygan itself rewards visitors with a revitalized downtown along the river and an attractive Lake Michigan waterfront park, beaches, and harbor that include the iconic lighthouse-style South Pier light. The combination of lakeside scenery, a strong events calendar, proximity to championship golf and racing, and easy access from Milwaukee and Chicago makes Sheboygan a natural fit for short-term rental investors looking to capture weekend and seasonal travelers drawn to the Lake Michigan coast.

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