Forest Park, IL Airbnb Market Data, Statistics, and Occupancy Rates

Forest Park Short-Term Rental Market Overview

Forest Park, IL presents an attractive entry point for short-term rental investors looking at the greater Chicago metro area. With an average home value of $403,083 and annual revenue averaging $29,457, the market offers a competitive revenue-to-price ratio compared to pricier Chicago neighborhoods. The market is still small—just 45 active listings—which means less saturation, though the 29% average occupancy rate sits below the Illinois state average of 33%, suggesting room to grow with the right pricing and guest experience strategy.

Key Market Statistics

According to Rabbu market data, the Forest Park short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Forest Park

Forest Park's proximity to downtown Chicago, affordable property prices relative to the metro area, and small competitive set make it a compelling market for investors seeking suburban STR opportunities with reasonable acquisition costs.

Expert Market Assessment

"Forest Park earns an "Attractive Opportunity" designation with an ROI score of 61 out of 100, reflecting a healthy balance of revenue potential relative to property costs. The market's pronounced seasonality is worth planning around—June through October drives the bulk of annual revenue, while January and February average under $1,000 per month. With average revenue-to-price ratios rated as average and stable (if unspectacular) occupancy, this is a market that rewards operators who can optimize their pricing during peak months and find ways to attract guests during the quieter winter stretch."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Forest Park

Average revenue by month in Forest Park

Forest Park shows strong seasonality, with June leading at $3,798 in average revenue and a pronounced winter trough where January ($1,016) and February ($987) bring in less than a third of peak earnings. The May-through-October corridor accounts for the lion's share of annual income, making cash-flow planning around these months essential for investors.

Active Airbnb listings by property size in Forest Park

Two-bedroom units dominate the supply landscape with 26 of 45 active listings (58%), while 3-bedroom homes are notably underrepresented with just 6 listings. The limited supply of larger properties could present an opportunity for investors, though demand at that size should be validated given lower occupancy rates.

Average daily rate (ADR) by property size in Forest Park

ADR climbs from $95 for 1-bedroom units to $141 for 2-bedrooms and $146 for 3-bedrooms, showing a diminishing premium as size increases. The relatively narrow gap between 2- and 3-bedroom rates ($5 difference) suggests that the step up to a larger property doesn't command a proportionally higher nightly price in this market.

Average RevPAN by property size in Forest Park

One-bedroom listings lead in RevPAN at $41, edging out 2-bedrooms at $39 and 3-bedrooms at $32. This indicates that smaller units, boosted by higher occupancy, deliver more consistent revenue per available night—an important consideration for investors weighing acquisition size against actual yield.

Average occupancy rates by property size in Forest Park

Occupancy drops sharply as property size increases: 1-bedroom units fill 43% of available nights compared to just 28% for 2-bedrooms and 23% for 3-bedrooms. For investors prioritizing steady cash flow, smaller units offer more reliable bookings, while larger properties may require more aggressive marketing and pricing to maintain adequate occupancy.

Average monthly revenue by property size in Forest Park

Despite lower occupancy, 3-bedroom listings generate the highest average monthly revenue at $2,510, followed closely by 2-bedrooms at $2,481 and 1-bedrooms at $2,122. The narrow spread between sizes—just $388 separating the top and bottom—means property selection should weigh acquisition cost and management complexity alongside raw revenue.

Average annual revenue by property size in Forest Park

Three-bedroom properties lead annual revenue at $30,121, with 2-bedrooms close behind at $29,782 and 1-bedrooms at $25,475. Given Forest Park's average home value of $403,083, investors should carefully model whether the modest revenue premium of larger units justifies any additional purchase price or renovation cost.

Most common amenities for Airbnb listings in Forest Park

Kitchens (100%), parking (96%), and self check-in (93%) are near-universal across Forest Park listings, establishing them as baseline expectations rather than differentiators. Amenities like a workspace (76%) and washer/dryer (69–71%) are also common, while pet-friendly policies (42%) and BBQ grills (33%) represent areas where hosts can stand out from the competition.

Understanding Forest Park's ROI Score: 61/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Forest Park's ROI score of 61 out of 100 places it in the "Attractive Opportunity" band, reflecting average revenue-to-price and occupancy stability with room for upside. The market growth trend scores below average, which tempers the outlook somewhat, but the balanced supply/demand dynamics and competitive entry price relative to the broader Chicago metro keep the overall picture favorable. Investors should pair this score with local regulatory research and a realistic cash-flow model that accounts for the market's notable winter slowdown.

Short-Term Rental Regulations in Forest Park

Understanding local STR regulations is essential before investing in Forest Park. Here's the current regulatory landscape:

Permit Requirements

Forest Park, Illinois may require short-term rental operators to obtain a permit or business license before listing a property. Investors should verify current requirements directly with the Village of Forest Park and review any applicable Cook County or Illinois state regulations.

Key Restrictions

Common STR restrictions in Illinois municipalities can include occupancy limits, minimum stay requirements, noise ordinances, and parking regulations. Some properties may also be subject to HOA rules or zoning restrictions that limit or prohibit short-term rentals, so due diligence before purchase is essential.

Tax Obligations

Short-term rental operators in Illinois are typically subject to state and local occupancy taxes, and platforms like Airbnb often collect and remit these on the host's behalf. Investors should confirm their obligations regarding any additional municipal hotel or tourism taxes that Forest Park or Cook County may impose.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Forest Park can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Forest Park's STR market is expected to see moderate demand growth, though the below-average market growth trend warrants measured expectations. Seasonal patterns point to a strong May-through-October window, with peak months like June potentially generating $3,700+ in monthly revenue. ADR may see modest increases of 1–3% as the listing base matures and operators refine their pricing strategies. Investors entering now could benefit from the market's relatively low competition, but should plan for softer winter months where revenue can dip below $1,000."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Forest Park, IL

What is the average Airbnb occupancy rate in Forest Park?

The average Airbnb occupancy rate in Forest Park is currently 29%, which falls slightly below the Illinois state average of 33%. Occupancy varies significantly by property size—1-bedroom units lead at 43%, while 3-bedroom properties average around 23%. Hosts who invest in strong amenities, competitive pricing, and appealing listings can often outperform the market average.

How much do Airbnb hosts make in Forest Park?

Airbnb hosts in Forest Park earn an average of $2,454 per month, which works out to roughly $29,457 per year based on the trailing 12 months of booking data. Revenue varies by property size, with 3-bedroom listings averaging $30,121 annually and 1-bedroom units earning around $25,475. Peak summer months like June can push monthly revenue close to $3,800, while the slowest winter months may dip below $1,000.

Is Forest Park a good market for Airbnb investment?

Forest Park scores a 61 out of 100 on Rabbu's ROI Score, earning an "Attractive Opportunity" rating. The market benefits from affordable home values averaging $403,083, relatively low competition with just 45 active listings, and a solid revenue-to-price ratio. However, investors should account for pronounced seasonality and a current occupancy rate that trails the state average. With thoughtful pricing and property management, there's meaningful upside for well-run listings.

What is the average daily rate (ADR) for Airbnb in Forest Park?

The average daily rate in Forest Park is $147, which is significantly below the Illinois state average of $319. ADR scales with property size: 1-bedroom units average $95, 2-bedroom listings come in at $141, and 3-bedroom properties command about $146 per night. The lower ADR compared to the state reflects Forest Park's suburban positioning and more accessible price point for guests.

Are short-term rentals legal in Forest Park?

Short-term rentals may be subject to local regulations in Forest Park, Illinois. Prospective hosts and investors should check with the Village of Forest Park for any permit, licensing, or zoning requirements before listing a property. It's also wise to review any applicable HOA rules or Cook County regulations that could affect STR operations.

When is peak season for Airbnb in Forest Park?

Peak season in Forest Park runs from May through October, with June generating the highest average monthly revenue at approximately $3,798. July and August remain strong at $3,468 and $3,381 respectively. The off-peak months of January and February see the lowest revenue, averaging around $1,016 and $987. Investors should plan their cash flow around this clear seasonal pattern.

How many Airbnbs are there in Forest Park?

There are currently 45 active Airbnb listings in Forest Park as of April 2026. The market is dominated by 2-bedroom properties (26 listings), followed by 1-bedroom units (8 listings) and 3-bedroom homes (6 listings). The relatively small listing count suggests limited competition, which could benefit new hosts entering the market with well-positioned properties.

How is Airbnb revenue calculated in Forest Park?

The annual and monthly revenue figures for Forest Park are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market—not a forward-looking projection. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the results up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance data. Individual results can vary based on property quality, pricing strategy, and how well the listing is managed.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts, occupancy rates, and daily rates by market
• Revenue and yield metrics including RevPAN, monthly revenue, and annual revenue based on trailing 12-month booking data
• Property size breakdowns for listings, rates, occupancy, and revenue across bedroom configurations
• Home value data sourced from the Zillow Home Value Index (ZHVI) for investment cost context
• Popular amenity prevalence data across active listings to benchmark guest expectations

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and current snapshots; market conditions can shift due to regulatory changes, economic factors, or seasonal variability. Investors should independently verify local regulations, tax obligations, and property-specific factors before making investment decisions.