Springfield Investment Analysis
Investment Property in Springfield, IL
Springfield, IL Real Estate Investment Performance
$195,407
Median
2,179
Avg/Sq.ft.
7.00%
Traditional
2.00%
Airbnb
682
Investment
1,647
Airbnb
25
Traditional
32%
Airbnb occupancy rate
Redfin Housing market insights powered by Redfin
437
Number of homes sold
6
Median days on market
100%
Average sale-to-list price ratio
25%
Percentage of listings with price drops
682
Active listings count
501
New listings count
1.5
Months of supply
Springfield, IL Properties Rental Prices
Predict Short-Term Rental Revenue
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Investment Properties for Sale in Springfield, IL
$125,000
MLS CA1047412
Single Family Residential
CAP RATE
Trad.
12.45%
Airbnb
10.34%
$119,900
MLS CA1047016
Single Family Residential
CAP RATE
Trad.
9.18%
Airbnb
10.32%
$125,000
MLS CA1047403
Single Family Residential
CAP RATE
Trad.
7.77%
Airbnb
10.16%
$130,000
MLS CA1046459
Single Family Residential
CAP RATE
Trad.
10.81%
Airbnb
9.60%
$142,000
MLS CA1047450
Single Family Residential
CAP RATE
Trad.
12.31%
Airbnb
9.55%
$139,900
MLS CA1046367
Single Family Residential
CAP RATE
Trad.
9.43%
Airbnb
9.01%
$135,000
MLS CA1047471
Single Family Residential
CAP RATE
Trad.
11.18%
Airbnb
8.99%
$124,900
MLS CA1047079
Single Family Residential
CAP RATE
Trad.
8.53%
Airbnb
8.43%
Single Family Houses for Sale in Springfield, IL
$125,000
MLS CA1047412
Single Family Residential
CAP RATE
Trad.
12.45%
Airbnb
10.34%
$119,900
MLS CA1047016
Single Family Residential
CAP RATE
Trad.
9.18%
Airbnb
10.32%
$125,000
MLS CA1047403
Single Family Residential
CAP RATE
Trad.
7.77%
Airbnb
10.16%
$130,000
MLS CA1046459
Single Family Residential
CAP RATE
Trad.
10.81%
Airbnb
9.60%
$142,000
MLS CA1047450
Single Family Residential
CAP RATE
Trad.
12.31%
Airbnb
9.55%
$139,900
MLS CA1046367
Single Family Residential
CAP RATE
Trad.
9.43%
Airbnb
9.01%
$135,000
MLS CA1047471
Single Family Residential
CAP RATE
Trad.
11.18%
Airbnb
8.99%
$124,900
MLS CA1047079
Single Family Residential
CAP RATE
Trad.
8.53%
Airbnb
8.43%
Condos for Sale in Springfield, IL
$167,400
MLS CA1046522
Condo/Coop
CAP RATE
Trad.
10.96%
Airbnb
5.75%
$165,000
MLS CA1045664
Condo/Coop
CAP RATE
Trad.
10.50%
Airbnb
5.44%
$158,000
MLS CA1046756
Condo/Coop
CAP RATE
Trad.
7.41%
Airbnb
4.18%
$144,900
MLS CA1046300
Condo/Coop
CAP RATE
Trad.
9.20%
Airbnb
3.48%
$175,000
MLS CA1047133
Condo/Coop
CAP RATE
Trad.
7.63%
Airbnb
3.08%
$159,900
MLS CA1047268
Condo/Coop
CAP RATE
Trad.
7.18%
Airbnb
2.63%
$245,000
MLS CA1045777
Condo/Coop
CAP RATE
Trad.
4.50%
Airbnb
1.94%
$255,000
MLS CA1047290
Condo/Coop
CAP RATE
Trad.
3.31%
Airbnb
0.91%
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
$93 per night
Airbnb occupancy rate 54%
Apartment 2 · 1 · 6
Rental Income: $1,519 per month
821
$64 per night
Airbnb occupancy rate 51%
Tiny house 2 · 1 · 4
Rental Income: $997 per month
702
$161 per night
Airbnb occupancy rate 47%
House 3 · 2 · 8
Rental Income: $2,308 per month
611
$162 per night
Airbnb occupancy rate 56%
House 3 · 1.5 · 9
Rental Income: $2,741 per month
496
$77 per night
Airbnb occupancy rate 67%
Apartment null · 1 · 3
Rental Income: $1,566 per month
433
$98 per night
Airbnb occupancy rate 41%
House 2 · 1 · 4
Rental Income: $1,233 per month
426
$73 per night
Airbnb occupancy rate 41%
Entire guesthouse 1 · 1 · 3
Rental Income: $913 per month
347
$102 per night
Airbnb occupancy rate 48%
Entire bungalow 2 · 1 · 4
Rental Income: $1,479 per month
316
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 | |||
| Naperville | $631,950 | 3% | 1% | $2,827 | $2,568 | 336 | 33% |
| Elgin | $389,000 | 3% | 2% | $2,350 | $2,304 | 263 | 38% |
| Oswego | $469,990 | 4% | 1% | $2,931 | $2,983 | 145 | 31% |
| Oak Lawn | $282,500 | 5% | 3% | $2,057 | $2,045 | 138 | 37% |
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