Whitewater, WI

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  • Performance
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Key Performance Metrics

Market snapshot

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

Listings

4 / 13

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$35,332

Middle-Earners Revenue

Occupancy

64%

Middle-Earners Occupancy

Home Value

$346,189

Median Home Sale Price

Top Earners

$51,888

Top-Earners Revenue

Whitewater

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Whitewater.

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B

Generally Investor friendly

Whitewater Regulations

STRs are explicitly allowed citywide; a three‑layer licensing process (state TRH $110 + $300 pre‑inspection, county STR $500 initial/$200 renewal, city registration no‑fee) adds moderate cost/complexity; no caps, but required local contact, septic/well compliance and modest penalties keep rules manageable.

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About Whitewater

Whitewater is a small city straddling Walworth and Jefferson counties in southeastern Wisconsin, with a population of roughly 14,000 residents. It is best known as the home of the University of Wisconsin–Whitewater, a public university that gives the town a classic Midwestern college-town character, and it serves as a gateway to the rolling glacial landscape of the Kettle Moraine. The community sits about 50 miles west of Milwaukee and roughly 90 miles northwest of Chicago, putting it within an easy drive for weekend visitors from either metro area and close enough to draw day-trippers looking for outdoor recreation and small-town charm.

Just a few miles east of town, the Kettle Moraine State Forest (Southern Unit) offers one of the most distinctive natural landscapes in the upper Midwest, shaped by the retreating glaciers of the last Ice Age. The forest draws visitors for its network of trails used for hiking, mountain biking, horseback riding, and cross-country skiing, along with the Ice Age National Scenic Trail that runs through the region. It is a year-round draw, with snowmobiling and fat-tire biking in winter and swimming at nearby Ottawa Lake in the warmer months.

A short drive north of the city, Whitewater Lake covers roughly 2,000 acres and provides the kind of laid-back lake recreation that has long anchored summer visits to the area. Anglers come for walleye, northern pike, and panfish, while families use the public launch and shoreline access for boating, paddling, and relaxed afternoons by the water. The lake adds a quieter counterpoint to the busier state forest trails and gives the area an additional seasonal appeal.

The University of Wisconsin–Whitewater campus and surrounding downtown form the cultural and social heart of the community. Home to a long-running NCAA Division III athletics program, the university brings a steady calendar of sporting events, performances, and conferences that fill local restaurants, coffee shops, and gathering spots. The walkable downtown, with its mix of locally owned businesses and historic brick storefronts, gives visitors a relaxed base from which to explore the wider region.

Whitewater combines small-town affordability, a built-in university visitor base, and immediate access to one of Wisconsin's most popular outdoor recreation corridors. That mix of year-round attractions, easy highway connections to Milwaukee and Chicago, and a genuine small-city atmosphere makes it a natural fit for short-term rental owners looking to serve college visitors, outdoor enthusiasts, and weekend travelers seeking a quieter alternative to the lake-country resorts farther east.

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