Springfield, IL
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Overview
Annual Rev
$29.7k
12 mo avg
↑6%
from prior 12 mo
Occupancy rate
30%
12 mo avg
↓8%
from prior 12 mo
Avg daily rate
$192
12 mo avg
↑26%
from prior 12 mo
Lead time
28 days
12 mo avg
↓7 days
from prior 12 mo
Revpar
$55
12 mo avg
↓11%
from prior 12 mo
Methodology note: Figures reflect Springfield market data as of September 2026. Data covers Airbnb, VRBO, and Booking.com listings. Values are seasonally influenced; rounding applied for readability.
Revenue per listing by bedroom
Bedroom count:
0
1
2
3
4+
Short-term rental supply growth
Performance metrics by bedroom
Bedrooms
Annual Rev
Avg. Zestimate
Gross yield
Supply
Amenity revenue impact
| Amenity | Est. revenue impact |
|---|---|
| Hot Tub | +18% $5,337/yr |
| Pool | 🔒 +1•% · $••••/yr Revenue lift and listing count available in Markets |
| EV Charger | 🔒 +7% · $••••/yr Revenue lift and listing count available in Markets |
| Barbecue | 🔒 +6% · $••••/yr Revenue lift and listing count available in Markets |
| Gym | 🔒 +6% · $••••/yr Revenue lift and listing count available in Markets |
| Sauna | 🔒 +6% · $••••/yr Revenue lift and listing count available in Markets |
| Pets Allowed | 🔒 +4% · $••••/yr Revenue lift and listing count available in Markets |
| Lake Access | 🔒 +3% · $•••/yr Revenue lift and listing count available in Markets |
| Bicycles | 🔒 +2% · $•••/yr Revenue lift and listing count available in Markets |
| Heating | 🔒 +2% · $•••/yr Revenue lift and listing count available in Markets |
| TV | 🔒 +1% · $•••/yr Revenue lift and listing count available in Markets |
Nightly rate by day of week
Occupancy rate by day of week
Listings by channel
Listings by rental type
Listings by amenities
Listings by size
4+ bedrooms (0%)
Listings by availability
Length of stay by bedroom
2 bedrooms (6.0 nights)
1 bedroom (5.8 nights)
3 bedrooms (5.7 nights)
4+ bedrooms (4.4 nights)
Cleaning fee by bedroom
4+ bedrooms ($155)
3 bedrooms ($104)
2 bedrooms ($79)
1 bedroom ($56)
Professional host share
Professionally managed (66%)
Independent hosts (34%)
Housing market signals
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Over the 12 months ending August 2026, the Springfield market averaged 1,142 active Airbnb and VRBO listings, up 2% from a year earlier and up 173% over two years.
An average Springfield listing earns $29K/year. High-performing listings earn $56K, while low-performing listings earn $10K.
Median Springfield home prices by size are 1-bedroom $148K, 2-bedroom $113K, 3-bedroom $179K, and 4+ bedroom $242K.
Average gross yield is 16%, reaching 31% for high-performing listings. Gross yield excludes financing and operating costs, so net profitability varies by property.
Average occupancy in Springfield is 35%, producing RevPAR of $57 per available night.
4+ bedroom listings have the highest average gross yield at 22%. They average $57K/year in revenue against a $242K median purchase price.
Rules vary across Springfield. Springfield: Lenient. No specific STR regulations. Standard business license may apply. Minimal enforcement. Champaign: Moderate. License required, inspections, occupancy limits. Moderate enforcement through complaints. Bloomington: Moderate. Registration required, safety inspections, zoning rules. Complaint-based enforcement. Peoria: Lenient. Business license needed, basic zoning compliance. Light enforcement, hosts operate freely. Verify requirements for the property's jurisdiction.
The Springfield Airbnb and VRBO market appears broadly balanced. Supply has grown 2% year-over-year, while RevPAR has increased 2%, showing no clear supply-demand imbalance.
RevPAR is highest in May and August; it is lowest in January and February.
The most common amenities are Air Conditioning (99%), Internet (98%), Kitchen (97%). The strongest positive revenue associations are Washing Machine (+41%), Parking (+34%), Internet (+30%).
Average daily rate in Springfield is $209, up 26% year-over-year. Rates peak in May and are lowest in January.
Guests in Springfield book an average of 29 days in advance, down 9% from last year. Booking windows range from 23 days for 1-bedroom listings to 33 days for 4+ bedroom listings.
Booking demand is highest on Saturday and lowest on Monday. Nightly rates peak on Friday and are lowest on Monday. Weekend occupancy is 41% higher than weekday occupancy.