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Waukegan, Illinois
Airbnb Market Statistics & Data
USA

Is it profitable to do Airbnb in Waukegan, Illinois, USA?

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

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


Last updated on: 15th May, 2024



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USA / Illinois / Waukegan, 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 Waukegan, Illinois is good for Airbnb.
Best Airbnb Markets in USA ⟶
Occupancy Rate

63%

$159

Daily Rate

$34K+

Revenue (2023)

11.8%

Net Yield

99

Number of Listings
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Is Airbnb Profitable in Waukegan, Illinois ?

Yes, it's profitable to Airbnb because the average net rental yield for a one-bedroom property is 11.8%.
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 Waukegan, Illinois is booked for 270 nights a year, with a median occupancy rate of 74% and an average daily rate of $88. In Waukegan, Illinois, A typical host income (annual revenue) was $23,280 in 2023.

Best Areas in Waukegan for Airbnb

Are you wondering where to invest in Waukegan? Look no further! Here are 10 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. Illinois Beach State Park
  2. Genesee Theatre
  3. Waukegan Harbor and Marina
  4. Bowen Park
  5. Greenbelt Cultural Center
  6. Three Brothers Theatre
  7. Ray Bradbury Museum
  8. Lake County Discovery Museum
  9. Waukegan History Museum
  10. Visual Arts Center
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 Waukegan, Illinois's Airbnb Data ⟶
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