Springfield Investment Analysis
Investment Property in Springfield, IL
Springfield, IL Real Estate Investment Performance
$189,786
Median
2,179
Avg/Sq.ft.
7.00%
Traditional
2.00%
Airbnb
599
Investment
1,647
Airbnb
25
Traditional
32%
Airbnb occupancy rate
Redfin Housing market insights powered by Redfin
365
Number of homes sold
7
Median days on market
100%
Average sale-to-list price ratio
16%
Percentage of listings with price drops
599
Active listings count
500
New listings count
1.3
Months of supply
Springfield, IL Properties Rental Prices
Predict Short-Term Rental Revenue
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Investment Properties for Sale in Springfield, IL
$109,900
MLS CA1044084
Single Family Residential
CAP RATE
Trad.
10.16%
Airbnb
9.26%
$124,900
MLS CA1045200
Single Family Residential
CAP RATE
Trad.
8.82%
Airbnb
7.88%
$87,500
MLS CA1044622
Single Family Residential
CAP RATE
Trad.
12.22%
Airbnb
7.68%
$115,000
MLS CA1044966
Single Family Residential
CAP RATE
Trad.
10.48%
Airbnb
7.41%
$129,000
MLS CA1044007
Single Family Residential
CAP RATE
Trad.
9.27%
Airbnb
7.32%
$85,000
MLS CA1044426
Single Family Residential
CAP RATE
Trad.
12.36%
Airbnb
7.08%
$124,900
MLS CA1045039
Single Family Residential
CAP RATE
Trad.
8.94%
Airbnb
6.90%
$109,900
MLS CA1044531
Single Family Residential
CAP RATE
Trad.
10.18%
Airbnb
6.86%
Single Family Houses for Sale in Springfield, IL
$109,900
MLS CA1044084
Single Family Residential
CAP RATE
Trad.
10.16%
Airbnb
9.26%
$124,900
MLS CA1045200
Single Family Residential
CAP RATE
Trad.
8.82%
Airbnb
7.88%
$87,500
MLS CA1044622
Single Family Residential
CAP RATE
Trad.
12.22%
Airbnb
7.68%
$115,000
MLS CA1044966
Single Family Residential
CAP RATE
Trad.
10.48%
Airbnb
7.41%
$129,000
MLS CA1044007
Single Family Residential
CAP RATE
Trad.
9.27%
Airbnb
7.32%
$85,000
MLS CA1044426
Single Family Residential
CAP RATE
Trad.
12.36%
Airbnb
7.08%
$124,900
MLS CA1045039
Single Family Residential
CAP RATE
Trad.
8.94%
Airbnb
6.90%
$109,900
MLS CA1044531
Single Family Residential
CAP RATE
Trad.
10.18%
Airbnb
6.86%
Condos for Sale in Springfield, IL
$157,500
MLS CA1045202
Condo/Coop
CAP RATE
Trad.
9.70%
Airbnb
4.48%
$144,900
MLS CA1043641
Condo/Coop
CAP RATE
Trad.
9.66%
Airbnb
4.45%
$269,900
MLS CA1044802
Condo/Coop
CAP RATE
Trad.
3.61%
Airbnb
-0.47
$475,000
MLS CA1044483
Condo/Coop
CAP RATE
Trad.
1.55%
Airbnb
-1.25
Top Springfield, IL Neighborhoods - Real Estate Market Analysis
Oak Ridge
$129,900
Median for city
12.48%
Traditional
12.43%
Airbnb
$ 1,015
Traditional
$ 1,504
Airbnb
49%
Airbnb occupancy rate
Enos Park
$129,900
Median for city
11.17%
Traditional
N/A
Airbnb
$ 965
Traditional
$ 1,650
Airbnb
49%
Airbnb occupancy rate
Mather and Wells
$129,900
Median for city
8.45%
Traditional
12.03%
Airbnb
$ 838
Traditional
$ 1,579
Airbnb
49%
Airbnb occupancy rate
Pillsbury
$129,900
Median for city
7.71%
Traditional
10.73%
Airbnb
$ 1,152
Traditional
$ 1,631
Airbnb
47%
Airbnb occupancy rate
Near South
$129,900
Median for city
10.29%
Traditional
10.09%
Airbnb
$ 1,109
Traditional
$ 1,508
Airbnb
52%
Airbnb occupancy rate
Vinegar Hill
$129,900
Median for city
5.97%
Traditional
4.77%
Airbnb
$ 981
Traditional
$ 1,465
Airbnb
51%
Airbnb occupancy rate
Lincoln Park
$129,900
Median for city
7.52%
Traditional
10.52%
Airbnb
$ 931
Traditional
$ 1,870
Airbnb
52%
Airbnb occupancy rate
Pioneer Park
$129,900
Median for city
8.60%
Traditional
9.38%
Airbnb
$ 989
Traditional
$ 1,476
Airbnb
48%
Airbnb occupancy rate
Old Aristocracy Hill
$129,900
Median for city
8.12%
Traditional
5.55%
Airbnb
$ 967
Traditional
$ 1,580
Airbnb
51%
Airbnb occupancy rate
Historic West Side
$129,900
Median for city
4.12%
Traditional
6.19%
Airbnb
$ 967
Traditional
$ 1,631
Airbnb
53%
Airbnb occupancy rate
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Best Short Term Rental Markets
Find great vacation rentals for sale in the top performing markets
Short Term Rentals For SaleAirbnb Vacation Rentals in Springfield, IL
$102 per night
Airbnb occupancy rate 51%
Apartment 2 · 1 · 6
Rental Income: $1,581 per month
805
$66 per night
Airbnb occupancy rate 56%
Tiny house 2 · 1 · 4
Rental Income: $1,128 per month
657
$168 per night
Airbnb occupancy rate 48%
House 3 · 2 · 8
Rental Income: $2,436 per month
600
$169 per night
Airbnb occupancy rate 52%
House 3 · 1.5 · 9
Rental Income: $2,648 per month
487
$102 per night
Airbnb occupancy rate 31%
House 2 · 1 · 4
Rental Income: $952 per month
410
$81 per night
Airbnb occupancy rate 68%
Apartment null · 1 · 3
Rental Income: $1,667 per month
407
$77 per night
Airbnb occupancy rate 37%
Guesthouse 1 · 1 · 3
Rental Income: $860 per month
331
$95 per night
Airbnb occupancy rate 38%
House 2 · 1 · 6
Rental Income: $1,108 per month
310
Real Estate Investment Analysis - Other Cities in illinois
| City Name | Property price | Cash on cash return | Rental Income | No. of Properties | Airbnb Occupancy Rate | ||
|---|---|---|---|---|---|---|---|
| Median | traditional | Airbnb | traditional | Airbnb | |||
| Elgin | $377,450 | 3% | 1% | $2,440 | $1,989 | 284 | 34% |
| HOFFMAN ESTATES | $427,450 | 2% | 2% | $2,359 | $2,740 | 174 | 37% |
| Oak Lawn | $275,000 | 5% | 1% | $2,276 | $1,710 | 146 | 29% |
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