Lake Nebagamon, WI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

28 / 65

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$32,804

Middle-Earners Revenue

Occupancy

59%

Middle-Earners Occupancy

Home Value

$348,684

Median Home Sale Price

Top Earners

$81,591

Top-Earners Revenue

Lake Nebagamon

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Lake Nebagamon.

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B

Generally Investor friendly

Lake Nebagamon Regulations

Short‑term rentals are permitted citywide with low fees ($50 annual or $10/month) and a modest inspection fee; licenses are straightforward with no cap and a clear path through state, county, and city requirements.

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About Lake Nebagamon

Lake Nebagamon is a small village in Douglas County, in the far northwestern corner of Wisconsin, set on the shores of the lake from which it takes its name. With a population of approximately 1,000 residents, the community has the feel of a quiet Northwoods lake village, where year-round homes mingle with seasonal cabins. It is best known as a recreational lake community and serves as a gateway to the broader lake country of northwestern Wisconsin, located roughly 25 to 30 miles southeast of Duluth, Minnesota, the nearest major city, which sits at the western tip of Lake Superior.

At the heart of the village is Lake Nebagamon, a sizable body of water prized for walleye, northern pike, bass, and panfish. The lake supports boating, kayaking, swimming, and, in winter, ice fishing, with public access points that draw both day-trippers and cabin owners through every season. The surrounding woods and quiet residential lanes give the village its signature unhurried pace.

About 20 minutes to the north, Pattison State Park is home to Big Manitou Falls, one of the tallest waterfalls east of the Rocky Mountains at 165 feet, along with the smaller Little Manitou Falls. The park offers campsites, hiking trails, and scenic overlooks of the Big Manitou River gorge, making it a popular day trip for families and nature lovers staying in the area.

Roughly 30 minutes northeast, the Brule River State Forest follows the Bois Brule River, sometimes called the "River of Presidents" for its historic connection to several U.S. presidents who fished its waters. The river is celebrated for its spring steelhead and fall salmon runs, and the surrounding forest offers camping, paddling, and trout fishing in a classic Northwoods setting.

About 30 minutes northwest, Duluth, Minnesota provides a full slate of Lake Superior attractions, including Canal Park, the Aerial Lift Bridge, and the start of the North Shore Scenic Drive. The city offers restaurants, museums, and a striking urban counterpoint to the wooded quiet of Lake Nebagamon, giving visitors an easy day-trip option.

Lake Nebagamon makes a compelling base for short-term rentals because it pairs a small, slow-paced Northwoods atmosphere with surprisingly broad regional access. Guests can spend mornings fishing or paddling on the village lake, drive a short distance to one of Wisconsin's signature waterfalls or a storied trout river, and still reach the Lake Superior shoreline for a day of city sightseeing and harbor views. That mix of quiet lakeside character and proximity to the Twin Ports, the North Shore, and thousands of acres of public forest makes the village an attractive anchor for travelers seeking both relaxation and outdoor adventure in the Upper Midwest.

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