Springfield, IL
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Annual revenue (actual)
$28.4k
12 mo avg
↑3%
from prior 12 mo
Occupancy rate
38%
12 mo avg
↓7%
from prior 12 mo
Avg daily rate
$194
12 mo avg
↑21%
from prior 12 mo
Gross yield
17.7%
Current potential
↓0.5 pts
vs prior-year prices
Lead time
29 days
12 mo avg
↓2 days
from prior 12 mo
Revpar
$57
12 mo avg
↑1%
from prior 12 mo
Methodology note: Figures reflect Springfield market data as of October 2026. Data covers Airbnb, VRBO, and Booking.com listings. Values are seasonally influenced; rounding applied for readability.
Ranked by median gross yield across eligible homes. Each home’s annual room-revenue potential is compared with its ZIP- and bedroom-matched value, before expenses.
| Neighborhood | Revenue (potential) | Gross yield |
|---|---|---|
| Danville and Eastern Prairie | $33.3K 8 listings | 34.2% 8 listings |
| Taylorville, Shelbyville and Lake Shelbyville Country | $30.8K 21 listings | 25.4% 21 listings |
| Charleston, Mattoon and Coles County | $23.8K 20 listings | 25.1% 20 listings |
| Decatur and Macon County | $30.3K 48 listings | 25.0% 48 listings |
| Hillsboro, Litchfield and Carlinville | $30.9K 21 listings | 23.2% 21 listings |
Data as of 2026-09-30
Revenue per listing by bedroom
Annual revenue per listing, broken down by bedroom count. Compare which property sizes perform best.
Bedroom count:
0
1
2
3
4+
Short-term rental supply growth
Tracks how the number of active listings changes over time. Rising supply with flat revenue may indicate saturation.
Performance metrics by bedroom
Breakdown of revenue, property values, yields, supply, and cleaning fees for each bedroom type.
Bedrooms
Median revenue
Median home value
Gross yield
Supply
Amenity revenue impact
This estimate compares similar listings in this market. When local data is limited, we blend in state and U.S. results to prevent unusually high or low estimates.
| Amenity | Est. revenue impact |
|---|---|
| Hot Tub | +15% $4,257/yr |
| Pool | 🔒 +1•% · $••••/yr Revenue lift and listing count available in Markets |
| TV | 🔒 +9% · $••••/yr Revenue lift and listing count available in Markets |
| Sauna | 🔒 +7% · $••••/yr Revenue lift and listing count available in Markets |
| EV Charger | 🔒 +6% · $••••/yr Revenue lift and listing count available in Markets |
| Gym | 🔒 +4% · $••••/yr Revenue lift and listing count available in Markets |
| Barbecue | 🔒 +3% · $•••/yr Revenue lift and listing count available in Markets |
| Pets Allowed | 🔒 +2% · $•••/yr Revenue lift and listing count available in Markets |
Nightly rate by day of week
Average nightly rate for each day of the week. Most markets see higher rates on weekends.
Occupancy rate by day of week
Shows booking patterns throughout the week. Helps understand demand cycles.
Listings by channel
Listings by rental type
Listings by amenities
Listings by size
4+ bedrooms (0%)
Listings by availability
Length of stay by bedroom
Studio (6.4 nights)
1 bedroom (6.0 nights)
2 bedrooms (5.8 nights)
3 bedrooms (5.5 nights)
4+ bedrooms (4.5 nights)
Cleaning fee by bedroom
4+ bedrooms ($156)
3 bedrooms ($102)
2 bedrooms ($78)
1 bedroom ($58)
Studio ($49)
Professional host share
Independent hosts (51%)
Professionally managed (49%)
Housing market signals
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Are home values in Springfield going up or down?
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Which home type gives you the most space for the price?
Over the 12 months ending September 2026, the Springfield market averaged 1,167 active Airbnb and VRBO listings, up 6% from a year earlier and up 179% over two years.
An average Springfield listing earns $28K/year. High-performing listings earn $55K, while low-performing listings earn $9K.
Median Springfield home prices by size are 1-bedroom $144K, 2-bedroom $113K, 3-bedroom $179K, and 4+ bedroom $241K.
Average occupancy in Springfield is 35%, producing RevPAR of $58 per available night.
Rules vary across Springfield. Springfield: Lenient. No specific STR regulations. Standard business licensing may apply. Minimal enforcement. Champaign: Moderate. License required, safety inspections, occupancy limits. Some enforcement of problem properties. Bloomington: Moderate. Registration required, owner-occupancy for whole-house rentals, density limits in some zones. Moderate enforcement. Peoria: Lenient. Business license needed, basic zoning compliance. Light enforcement, mainly complaint-driven. Verify requirements for the property's jurisdiction.
The Springfield Airbnb and VRBO market appears broadly balanced. Supply has grown 6% year-over-year, while RevPAR has increased 9%, 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 Internet (99%), Air Conditioning (99%), Heating (98%). The strongest positive revenue associations are Washing Machine (+41%), Parking (+35%), Bbq (+20%).
Average daily rate in Springfield is $210, up 23% year-over-year. Rates peak in May and are lowest in January.
Guests in Springfield book an average of 29 days in advance, down 3% from last year. Booking windows range from 24 days for 1-bedroom listings to 34 days for 4+ bedroom listings.
Booking demand is highest on Saturday and lowest on Monday. Nightly rates peak on Saturday and are lowest on Monday. Weekend occupancy is 44% higher than weekday occupancy.
For each eligible home, annual room-revenue potential is divided by a ZIP- and bedroom-matched home-value estimate. Groups show the median of those yields. Cleaning income is excluded. Gross yield is before expenses and financing.
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