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Annual Airbnb Revenue in Forest park illinois, USA

Last updated on May 21st, 2024

Forest Park, Illinois| Airbnb Market Data & Overview | USA

Forest Park, Illinois
Airbnb Market Data & Overview
USA

Is it profitable to do Airbnb in Forest Park, Illinois, USA?

What is the occupancy rate of Airbnb in Forest Park, Illinois, USA?

What is the average daily rate of Airbnb in Forest Park, Illinois, USA?

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Forest Park, Illinois, USA Airbnb Data

Last updated on: 15th May, 2024

USA / Illinois / Forest Park, Illinois
Investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rentals typically is double the amount of traditional rentals.
The true profit from home investing comes from capital appreciation and cash flow from your rental. Between 1850 and 2015, globally, the average home value appreciated at 5.5% annually. If your short-term rental yields 3% of your total initial investment, your investment’s annual return is 8.5% before taxes are considered.
Without further ado, let’s see if Forest Park, Illinois is good for Airbnb.
Occupancy Rate

68%

$129

Daily Rate

$26K+

Revenue (2023)

13.4%

Net Yield

99

Number of Listings

Is Airbnb Profitable in Forest Park, Illinois ?

Yes, it’s profitable to Airbnb because the average net rental yield for a one-bedroom property is 13.4%.
The national median net short-term rental yield is 5.4% in the USA. For more context, a traditional rental can typically yield 2-4% if you don’t have to pay a mortgage interest. A typical 1 bedroom listing in Forest Park, Illinois is booked for 237 nights a year, with a median occupancy rate of 65% and an average daily rate of $102. In Forest Park, Illinois, A typical host income (annual revenue) was $27,270 in 2023.

Best Areas in Forest Park for Airbnb

Are you wondering where to invest in Forest Park? Look no further! Here are 1 areas travelers often search for. You can find the short-term rental statistics of all of these neighborhoods from Airbtics! Check out which neighborhood has the highest rental demand. 🚀
  1. Forest Park
Okay, you might wonder about more specific data. For example, how much can an average listing with 2 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month?
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Explore Forest Park, Illinois‘s Airbnb Data
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