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Waupaca, WI
Generally Investor Friendly
Local STR Agent
Local STR Agent

YES, short-term rentals are explicitly allowed in Waupaca, WI and throughout Waupaca County. The municipalities of Farmington, Dayton, and the City of Waupaca have established frameworks to regulate and collect taxes from short-term rental operations. All three municipalities participate in a Room Tax Commission to ensure equitable distribution of room tax revenues, with 70% going to tourism promotion and 30% staying within the originating municipality for local priorities.
Waupaca hosts earn a median $25,586/year with $269 ADR and 50% occupancy.
Top performers pull in $43,746+ per year.
See the full Waupaca market breakdownStarting a short-term rental business in Waupaca requires a multi-step compliance process across state, county, and municipal levels:
Room Tax Registration (Municipal)
Sales Tax Registration (State)
Town of Farmington:
Town of Dayton:
City of Waupaca:
Important Notes for Investors:
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Waupaca is a small city in central Wisconsin and the county seat of Waupaca County, with a population of approximately 6,000 residents. It sits at the heart of a region shaped by more than twenty interconnected glacial lakes and is best known as the gateway to the Chain O' Lakes, a beloved four-season recreation area. The town has the feel of a classic Midwestern county seat, with a compact historic downtown, locally owned shops, and a community life tied closely to the surrounding outdoors. Waupaca lies about 50 miles west of Green Bay and roughly 120 miles northwest of Milwaukee, placing it within an easy drive of several of Wisconsin's larger urban centers and within a couple of hours of the Wisconsin Dells.
The Chain O' Lakes is a connected waterway of 22 lakes just north of downtown Waupaca, with public accesses, sandy swimming beaches, small marinas, and a mix of public and private shoreline. In summer the chain draws boaters, kayakers, anglers, and families, while winter brings ice fishing, snowmobiling, and the chance to warm up afterward in one of the nearby lodges or supper clubs that have anchored the local tourism economy for generations. The chain is the single most important draw for visitors to Waupaca and the reason many guests book a stay in the area year after year.
Just a few miles west of town, Hartman Creek State Park offers more than 2,800 acres of woodlands, prairie, and lakeshore, with hiking and biking trails, a family campground, and access to the calm waters of Hartman Lake. It is a favorite of visitors who want a quieter, more rugged outdoor experience than the busier chain of lakes and pairs naturally with a day of fishing or paddling back in Waupaca.
Downtown Waupaca centers on a preserved Main Street with brick storefronts, small galleries, coffee shops, and a year-round calendar of farmers markets, art walks, and seasonal festivals. The restored Waupaca Opera House anchors the cultural side of the downtown and hosts concerts, plays, and community events that give the city a liveliness well beyond what its size would suggest. The walkable core makes the city a comfortable base for visitors who want to spend evenings out without ever needing to get back in the car.
Waupaca's appeal as a short-term-rental market comes from the way it bundles natural beauty, small-town charm, and accessibility. It is close enough to Green Bay, Appleton, and the Fox Cities to draw weekend visitors, far enough from the state's largest tourist hubs to feel like a genuine escape, and surrounded by lakes, state-park acreage, and trails that fill the calendar from ice-out to the first snowfall. For travelers and investors alike, that combination of year-round demand drivers, walkable downtown amenities, and a recognizable regional identity tends to make Waupaca a place that rewards a longer look.
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