Springfield Investment Analysis
Investment Property in Springfield, IL
Springfield, IL Real Estate Investment Performance
$181,156
Median
2,158
Avg/Sq.ft.
7.00%
Traditional
2.00%
Airbnb
521
Investment
1,683
Airbnb
25
Traditional
31%
Airbnb occupancy rate
Redfin Housing market insights powered by Redfin
318
Number of homes sold
14
Median days on market
99%
Average sale-to-list price ratio
19%
Percentage of listings with price drops
521
Active listings count
388
New listings count
1.1
Months of supply
Springfield, IL Properties Rental Prices
Predict Short-Term Rental Revenue
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Investment Properties for Sale in Springfield, IL
$99,900
MLS CA1042896
Single Family Residential
CAP RATE
Trad.
11.27%
Airbnb
10.02%
$234,900
MLS CA1043212
Single Family Residential
CAP RATE
Trad.
6.97%
Airbnb
7.88%
$109,900
MLS CA1044084
Single Family Residential
CAP RATE
Trad.
10.16%
Airbnb
7.86%
$115,000
MLS CA1044021
Single Family Residential
CAP RATE
Trad.
7.33%
Airbnb
7.81%
$154,900
MLS CA1044232
Single Family Residential
CAP RATE
Trad.
11.62%
Airbnb
7.72%
$110,000
MLS CA1042627
Single Family Residential
CAP RATE
Trad.
9.82%
Airbnb
7.66%
$85,000
MLS CA1044426
Single Family Residential
CAP RATE
Trad.
12.36%
Airbnb
7.54%
$120,000
MLS CA1044124
Single Family Residential
CAP RATE
Trad.
9.29%
Airbnb
7.15%
Single Family Houses for Sale in Springfield, IL
$99,900
MLS CA1042896
Single Family Residential
CAP RATE
Trad.
11.27%
Airbnb
10.02%
$234,900
MLS CA1043212
Single Family Residential
CAP RATE
Trad.
6.97%
Airbnb
7.88%
$109,900
MLS CA1044084
Single Family Residential
CAP RATE
Trad.
10.16%
Airbnb
7.86%
$115,000
MLS CA1044021
Single Family Residential
CAP RATE
Trad.
7.33%
Airbnb
7.81%
$154,900
MLS CA1044232
Single Family Residential
CAP RATE
Trad.
11.62%
Airbnb
7.72%
$110,000
MLS CA1042627
Single Family Residential
CAP RATE
Trad.
9.82%
Airbnb
7.66%
$85,000
MLS CA1044426
Single Family Residential
CAP RATE
Trad.
12.36%
Airbnb
7.54%
$120,000
MLS CA1044124
Single Family Residential
CAP RATE
Trad.
9.29%
Airbnb
7.15%
Condos for Sale in Springfield, IL
$95,000
MLS CA1043864
Condo/Coop
CAP RATE
Trad.
11.35%
Airbnb
6.74%
$149,900
MLS CA1044325
Condo/Coop
CAP RATE
Trad.
2.15%
Airbnb
4.99%
$170,000
MLS CA1044003
Condo/Coop
CAP RATE
Trad.
4.59%
Airbnb
3.51%
$146,900
MLS CA1043771
Condo/Coop
CAP RATE
Trad.
8.26%
Airbnb
3.41%
$171,000
MLS CA1044033
Condo/Coop
CAP RATE
Trad.
8.45%
Airbnb
3.01%
$265,000
MLS CA1044046
Condo/Coop
CAP RATE
Trad.
6.00%
Airbnb
1.02%
$475,000
MLS CA1044483
Condo/Coop
CAP RATE
Trad.
1.55%
Airbnb
-0.92
$275,000
MLS CA1044050
Condo/Coop
CAP RATE
Trad.
7.64%
Airbnb
-1.12
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
$141 per night
Airbnb occupancy rate 41%
Apartment 2 · 1 · 6
Rental Income: $1,751 per month
778
$70 per night
Airbnb occupancy rate 76%
Tiny house 2 · 1 · 4
Rental Income: $1,616 per month
630
$164 per night
Airbnb occupancy rate 37%
House 3 · 2 · 8
Rental Income: $1,845 per month
587
$191 per night
Airbnb occupancy rate 53%
House 3 · 1.5 · 9
Rental Income: $3,072 per month
478
$125 per night
Airbnb occupancy rate 27%
House 3 · 2 · 9
Rental Income: $1,031 per month
402
$101 per night
Airbnb occupancy rate 39%
House 2 · 1 · 4
Rental Income: $1,187 per month
397
$78 per night
Airbnb occupancy rate 65%
Apartment null · 1 · 3
Rental Income: $1,547 per month
389
$78 per night
Airbnb occupancy rate 36%
Entire guesthouse 1 · 1 · 3
Rental Income: $845 per month
322
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 | |||
| HOFFMAN ESTATES | $415,000 | 2% | 1% | $2,304 | $2,387 | 151 | 31% |
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