• Milwaukee’s privileged location, affordable housing market, and low cost of living helped a great number of hosts in the city earn a nice passive income. This city is also an STR-friendly city, which contributed to the success of property investors.
• Find out what real estate investors can expect when investing in an Airbnb property in Milwaukee and nearby areas. 
• Discover the top 10 profitable neighborhoods and cities near Milwaukee along with their respective Airbnb data.

Introduction

Milwaukee is situated on the eastern bank of Lake Michigan. It is also one of the most ethnically and culturally diverse cities in the US. This city is a lively metropolis and enjoys a unique worldwide reputation as the home of the iconic Harley-Davidson motorcycles. 

In Milwaukee, you will find diverse and vibrant neighborhoods, friendly people, as well as many leisure activities in a clean and walkable city! In addition to these aspects, you can enjoy all the city has to offer while drinking its top-quality beers.

At this point, you may be wondering, which area in Milwaukee should you target for Airbnb investment property?

We will lend you a hand! In this article, we’ll talk about the best places to Airbnb in Milwaukee, Wisconsin and some of the expectations for investing in a short-term rental property. Interested in learning more? Then continue reading.

Why invest in an Airbnb in Milwaukee, Wisconsin?

Milwaukee is an interesting market to invest in for property investors. This city is widely known for being the most ethnic city in the country, but check out some of the major reasons why Airbnb in Milwaukee is a good investment: 

• Affordable housing market

One of the best things that property investors will find in Milwaukee is its affordable housing market! The median home value in this city is 37% lower than the US average and 31% less expensive than other cities in the state. 

According to Zillow Index, the average property price is $174,111 with a 1-year value change of 7.4%. There are a variety of housing options in different neighborhoods, hence, you will surely find your dream property for Airbnb in this city.

• Great location

Milwaukee enjoys a privileged location since it’s close to important cities like Madison and Chicago, IL. On top of that, it’s quite easy to travel to other major cities such as Minneapolis and Muskego with the Lake Express Ferry and the Amtrak as they offer multiple daily departures.

If you choose to travel by air, Milwaukee has the Mitchell International Airport, which is just 8 miles away from downtown. Then, Chicago’s O’Hare International Airport is just 78 miles away (1-hour drive) from Milwaukee.

• Milwaukee is an STR-friendly city

Investing in an Airbnb property can become a great source of income, however, it requires a lot of time, research and money. Some cities may have stricter regulations for Airbnb rentals, but luckily, that is not the case in Milwaukee! This city in Wisconsin is one of the top STR-friendly areas in the US since it doesn’t have strict regulations. Still, property investors should note that they still are required to pay state and local taxes.