Question 1

How many Airbnb and VRBO listings are in Springfield?

Accepted Answer

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.

Question 2

How much do Airbnbs and VRBOs make in Springfield?

Accepted Answer

An average Springfield listing earns $28K/year. High-performing listings earn $55K, while low-performing listings earn $9K.

Question 3

How much does it cost to buy an Airbnb or VRBO property in Springfield?

Accepted Answer

Median Springfield home prices by size are 1-bedroom $144K, 2-bedroom $113K, 3-bedroom $179K, and 4+ bedroom $241K.

Question 4

What is the occupancy rate for Airbnb and VRBO in Springfield?

Accepted Answer

Average occupancy in Springfield is 35%, producing RevPAR of $58 per available night.

Question 5

Are short-term rentals legal in Springfield?

Accepted Answer

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.

Question 6

Is the Springfield Airbnb and VRBO market oversaturated?

Accepted Answer

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.

Question 7

When is peak season for Airbnbs and VRBOs in Springfield?

Accepted Answer

RevPAR is highest in May and August; it is lowest in January and February.

Question 8

Which Airbnb and VRBO amenities matter most in Springfield?

Accepted Answer

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%).

Question 9

What is the average nightly rate for Airbnbs and VRBOs in Springfield?

Accepted Answer

Average daily rate in Springfield is $210, up 23% year-over-year. Rates peak in May and are lowest in January.

Question 10

How far in advance do guests book Airbnb and VRBO stays in Springfield?

Accepted Answer

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.

Question 11

Which days of the week perform best for Airbnbs and VRBOs in Springfield?

Accepted Answer

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.

Question 12

How is gross yield calculated?

Accepted Answer

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.

Neighborhood	Revenue (potential)	Gross yield
1.Charleston, Mattoon and Coles County	$25.3K 20 listings	26.2% 20 listings
2.Decatur and Macon County	$29.8K 51 listings	25.4% 51 listings
3.Taylorville, Shelbyville and Lake Shelbyville Country	$30.4K 22 listings	25.2% 22 listings
4.Hillsboro, Litchfield and Carlinville	$32.5K 20 listings	23.8% 20 listings
5.Springfield	$28.8K 65 listings	21.4% 65 listings
6.Urbana and Savoy	$34.9K 33 listings	21.1% 33 listings
7.Arthur, Monticello and Central Countryside	$27.2K 28 listings	18.6% 28 listings
8.Champaign	$39.8K 85 listings	18.5% 85 listings
9.Rantoul, Mahomet and Champaign County	$30.0K 25 listings	17.7% 25 listings
10.Bloomington–Normal	$35.0K 92 listings	17.5% 92 listings
11.Effingham, Vandalia and South-Central Counties	$34.4K 20 listings	15.7% 20 listings