Bayfield, WI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

112 / 310

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$36,517

Middle-Earners Revenue

Occupancy

59%

Middle-Earners Occupancy

Home Value

$343,546

Median Home Sale Price

Top Earners

$64,246

Top-Earners Revenue

Bayfield

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Bayfield.

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B

Generally Investor friendly

Bayfield Regulations

Short‑term rentals are explicitly permitted across jurisdictions with a supportive tone, but investors must obtain multiple licenses (state, county, municipal) and pay fees such as a $300 pre‑inspection plus renewals. Caps (max 4 units per lot, occupancy limited by POWTS capacity) and conditional‑use requirements in some districts add moderate constraints.

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About Bayfield

Bayfield is a small city in Bayfield County, Wisconsin, perched on the Bayfield Peninsula along the southern shore of Lake Superior. With a population of roughly 500 residents, the town has the feel of a quaint Northwoods lakeside village, complete with a walkable historic Main Street, berry farms, and a working harbor. It is best known as the mainland gateway to the Apostle Islands National Lakeshore and Madeline Island, and it sits approximately 90 miles northeast of Duluth, Minnesota, the nearest major city.

The Apostle Islands National Lakeshore is the marquee attraction, and its mainland visitor center is located in Bayfield itself. The lakeshore encompasses 21 islands scattered across Lake Superior, with sea caves carved into sandstone cliffs, historic lighthouses, and waters renowned for clarity that makes them popular for kayaking in summer and dramatic ice formations in winter. Sightseeing cruises, kayak tours, and ferry services all depart from the Bayfield waterfront during the warmer months, with the mainland sea caves at nearby Cornucopia roughly 25 minutes by car.

Just a short ferry ride across the bay — about a 20-minute crossing from the Bayfield City Dock — lies Madeline Island, the largest of the Apostle Islands and a destination in its own right. Though not part of the National Lakeshore, Madeline Island is home to the community of La Pointe, Big Bay State Park, sandy beaches, and a network of hiking and biking trails that wind through old-growth forest. The island is the most developed of the Apostle chain and tends to be where visitors spend a full day or two.

The surrounding region adds another layer to the area's appeal. The Chequamegon-Nicolet National Forest wraps around much of Bayfield County, offering hundreds of miles of trails for hiking, mountain biking, cross-country skiing, and snowmobiling, along with numerous inland lakes and rivers for paddling and fishing. Back in town, Bayfield's historic downtown is anchored by locally owned shops, restaurants, and galleries, and the surrounding orchards and berry farms give the city its unofficial title as the berry capital of Wisconsin, an identity celebrated each fall at the well-known Bayfield Apple Festival.

For prospective short-term-rental owners, Bayfield offers a compelling mix of natural beauty, established tourism infrastructure, and small-town character. The Apostle Islands draw visitors year-round — from summer boaters and kayakers to fall color-seekers and winter ice cave explorers — while the walkable downtown, ferry access, and proximity to Duluth provide a steady stream of weekend travelers. Its compact footprint, lake views, and the variety of activities within a short drive make the city a versatile base for anyone exploring the Lake Superior shoreline.

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