Want to see how Lake Tomahawk compares to other top cities in Wisconsin? Explore all city regulations in Wisconsin. →
Lake Tomahawk, WI
Challenging To Investors
Local STR Agent
Local STR Agent

Sources:
Lake Tomahawk hosts earn a median $25,848/year with $273 ADR and 47% occupancy.
Top performers pull in $38,552+ per year.
See the full Lake Tomahawk market breakdownFollow the three-step framework below. These are the exact steps required in Oneida County for any Tourist Rooming House operation.
Step 1: Obtain Oneida County Planning & Zoning Administrative Review Permit (TRH-ARP)
Step 2: Secure municipal permits and register for room tax
Step 3: Apply for the Wisconsin state lodging license (Tourist Rooming House)
Supplemental practical steps
Wisconsin State
Oneida County
Town of Lake Tomahawk
Regulatory documentation (for your compliance folder)
Oneida County Health Department (Environmental Health – Lodging Licensing)
Oneida County Planning & Zoning Department (TRH-ARP)
Wisconsin Department of Revenue (Sales Tax and Room Tax Registration)
Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP)
Wisconsin Hotel & Lodging Association (WHLA)
Notes
Next step
Paste any address and get estimated revenue, cash-on-cash return, and comparable STR performance in under 5 minutes. 3 free analyses per day.
Free brief
Revenue data, top neighborhoods, seasonal trends, and the key regulations for Lake Tomahawk, Wisconsin in one email.

Lake Tomahawk is a small unincorporated community in Oneida County, Wisconsin, nestled in the heart of the state's Northwoods lake region. The community, home to approximately 1,000 year-round residents, has the laid-back, outdoorsy character typical of northern Wisconsin vacation country — quiet in the off-season and noticeably busier in summer when anglers, boaters, and families arrive to enjoy the surrounding waters and forests. It is best known as a year-round gateway to the thousands of lakes and wooded landscapes of Oneida County, and it sits roughly 20 miles north of Rhinelander, the nearest city of meaningful size, and approximately 200 miles north of Madison.
The community takes its name from the lake it surrounds, a large, irregularly shaped body of water popular for musky, walleye, and smallmouth bass fishing. Public boat launches and small lakefront access points give visitors easy entry to the water, and the calm bays and largely undeveloped shoreline make the lake appealing for paddling, swimming, and evening loon-watching. A short-term rental here places guests within a short drive of multiple launch points, and the lake itself functions as the area's central amenity.
Just south of the community, the Bearskin State Trail is a well-known rail-trail that runs between Minocqua and the city of Tomahawk, passing through the Lake Tomahawk area. The crushed-stone corridor is popular with cyclists, walkers, and cross-country skiers in winter, and several trail access points lie within a short drive of the village. For guests who prefer land-based recreation, it is one of the area's most reliable draws in every season.
A short drive east, the Nicolet National Forest covers more than a million acres of northern Wisconsin with lakes, rivers, and stretches of old-growth forest. The forest offers hiking, ATV routes, camping, and additional fishing opportunities, and it serves as a quieter alternative to the more developed lakes immediately around the community. Many vacationers use Lake Tomahawk as a base for day trips into the forest.
The city of Rhinelander, the Oneida County seat, lies about 30 minutes south and provides the nearest concentration of restaurants, breweries, grocery stores, and year-round services. It also functions as a regional hub for the Northwoods, making it a convenient spot for guests seeking a livelier evening out or a wider range of amenities during their stay.
Together, the area's defining lake, the surrounding national forest, the regional trail system, and the easy reach of Rhinelander make Lake Tomahawk a quietly compelling base for short-term rentals. The community offers the seclusion and natural beauty that drive Northwoods tourism while remaining close enough to larger services to satisfy a wide range of vacationers, supporting a steady rhythm of seasonal guests throughout the year.
Enter an address to get instant revenue potential and comps.