Last updated on May 24th, 2024
Best Places to Buy an Airbnb in Illinois
Last updated on: 12th May, 2024
USA / Illinois
We have gathered up all the important short-term rental indicators for you, so you don’t have to spend hours.
These are the 66 best places to start an Airbnb in Illinois, with an average host revenue of $2.45K+/month. A typical listing is booked for 237 nights a year.
Our Methodologies Data explanations … Read More
Occupancy Rate: It tells how often was a typical active property occupied over the last 12 months? The formula is “number_of_booked_days / number_of_available_days”.
Average Daily Rate: How much did hosts in this market charge per day over the last 12 months? This does not include cleaning fees.
Revenue: What’s the median revenue a property in this market generated over the last 12 months? This Revenue figure represents the median over the past 12 months and does not include taxes, service fees, or additional guest fees.
Number of listings: It is the total active listings over the past 12 months.
How do we collect the data?
Airbtics’ primary data source is attained through a web scraping software that directly takes data points from Airbnb. We also have secondary data sources from Airbnb hosts via iCal or vacation rental managers.
Airbtics’ primary data source is attained through a web scraping software that directly takes data points from Airbnb. We also have secondary data sources from Airbnb hosts via iCal or vacation rental managers.
How accurate is the data?
Airbtics is dedicated to providing the most accurate data available in the market. Through the application of data science and machine learning algorithms, we train our various classifiers to consistently improve our data’s accuracy.
Airbtics is dedicated to providing the most accurate data available in the market. Through the application of data science and machine learning algorithms, we train our various classifiers to consistently improve our data’s accuracy.
In addition to this, we make predictions based on Airbnb’s total revenue and it is 97% correlated with Airbnb’s official statement.
Top Airbnb markets in Illinois (with the highest Net Short Term Rental yields)
Springfield
Springfield, Illinois, is a historic city famous for being the hometown of Abraham Lincoln and is filled with attractions related to the former president. Visitors can explore the Lincoln Home National Historic Site, Lincoln’s Tomb, and the Abraham Lincoln Presidential Library and Museum, offering a glimpse into the life and legacy of one of America’s most beloved presidents.- Airbnb Occupancy Rate: 67%
- Average Daily Rate: $96
- Annual Revenue: $25,281
- Total Listings: 231
Oak Park
Oak Park, Illinois, is a charming suburb of Chicago known for its rich architectural history, including the iconic Frank Lloyd Wright Home and Studio. Visitors can explore the beautiful tree-lined streets, visit historic landmarks, and enjoy the vibrant arts and culture scene.- Airbnb Occupancy Rate: 66%
- Average Daily Rate: $113
- Annual Revenue: $28,935
- Total Listings: 290
Chicago
Chicago, Illinois, is a vibrant city known for its stunning architecture, diverse neighborhoods, and rich culture. Tourists can explore iconic landmarks such as Millennium Park, Navy Pier, and the Art Institute of Chicago, while also enjoying delightful cuisine, world-class museums, and lively festivals throughout the year.- Airbnb Occupancy Rate: 63%
- Average Daily Rate: $131
- Annual Revenue: $30,721
- Total Listings: 7,641
Champaign
Champaign, Illinois, is a vibrant college town home to the University of Illinois Urbana-Champaign, attracting visitors with its lively arts scene, diverse dining options, and historic landmarks. Tourists can explore museums, attend performances, and experience the energetic atmosphere of this bustling Midwestern city.- Airbnb Occupancy Rate: 58%
- Average Daily Rate: $113
- Annual Revenue: $25,311
- Total Listings: 340
Rockford
Rockford, Illinois, is a vibrant city with a rich cultural heritage and a variety of attractions for visitors. From exploring museums and galleries to enjoying outdoor activities along the Rock River, there is something for everyone to enjoy in Rockford. Visitors can also experience the city’s lively music scene, delicious local cuisine, and friendly community atmosphere.- Airbnb Occupancy Rate: 66%
- Average Daily Rate: $86
- Annual Revenue: $19,149
- Total Listings: 251
All Profitable Airbnb Markets to Invest in Illinois
Madison, IL
Alton, IL
Loves park, IL
Decatur, IL
Peoria, IL
Belleville, IL
East peoria, IL
Galesburg, IL
Macomb, IL
Mchenry, IL
Moline, IL
Peoria heights, IL
Springfield, IL
Kankakee, IL
Palos hills, IL
Lisle, IL
Woodstock, IL
Rock island, IL
Homewood, IL
Oak lawn, IL
Crystal lake, IL
Calumet city, IL
Quincy, IL
Downers grove, IL
Urbana, IL
Lombard, IL
Pekin, IL
Chillicothe, IL
Rolling meadows, IL
Edwardsville, IL
Forest park, IL
Wheaton, IL
Glenview, IL
Berwyn, IL
Oak park, IL
Naperville, IL
Joliet, IL
East moline, IL
Chicago, IL
Des plaines, IL
Elmhurst, IL
Waukegan, IL
Bloomington, IL
Darien, IL
Champaign, IL
Evanston, IL
Pontiac, IL
Aurora, IL
Wilmette, IL
Westmont, IL
Morton grove, IL
Skokie, IL
Mount prospect, IL
Elgin, IL
Schaumburg, IL
Arlington heights, IL
Highland park, IL
River forest, IL
Palatine, IL
Mundelein, IL
Yorkville, IL
Woodridge, IL
Galena, IL
Elmwood park, IL
Rockford, IL
