Redfin Housing market insights powered by Redfin
Want to host your STR property on Airbnb?
Our Airbnb calculator is a free tool to calculate how much can you make on Airbnb.
Find great vacation rentals for sale in the top performing markets
Short Term Rentals For Sale| City Name | Property price | Cash on cash return | Rental Income | No. of Properties | Airbnb Occupancy Rate | ||
|---|---|---|---|---|---|---|---|
| Median | traditional | Airbnb | traditional | Airbnb | |||
| Springfield | $265,000 | 7% | 2% | $2,105 | $1,577 | 973 | 32% |
| Elgin | $365,000 | 4% | 2% | $2,664 | $1,945 | 163 | 34% |
| Oak Lawn | $259,500 | 5% | 1% | $2,159 | $1,529 | 135 | 29% |
| Palatine | $367,450 | 4% | 1% | $2,437 | $2,090 | 104 | 31% |
| Lombard | $395,000 | 3% | 1% | $2,488 | $2,214 | 103 | 25% |
| Park Forest | $154,000 | 7% | 2% | $2,062 | $1,682 | 92 | 24% |
| HOFFMAN ESTATES | $400,000 | 3% | 2% | $2,422 | $2,740 | 74 | 37% |