Fox Lake, IL Airbnb Market Data, Statistics, and Occupancy Rates

Fox Lake Short-Term Rental Market Overview

Fox Lake, IL presents an appealing short-term rental opportunity anchored by lakefront appeal and favorable property prices relative to revenue potential. With an average annual revenue of $41,635 against average home values of $351,657, the revenue-to-price ratio stands above average for the state. The market is compact — just 23 active listings — which keeps competition limited, though occupancy at 22% runs below the Illinois state average of 33%, reflecting the market's strong seasonal tilt toward summer months.

Key Market Statistics

According to Rabbu market data, the Fox Lake short-term rental market shows:

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

Why Investors Consider Fox Lake

Fox Lake attracts STR investors primarily because its above-average revenue-to-price ratio and limited supply create a favorable entry point for a lakefront leisure market.

Expert Market Assessment

"Fox Lake earns an ROI score of 72 out of 100, placing it in the "Attractive Opportunity" tier. The market's standout strength is its revenue-to-price ratio, which is above average — a signal that property acquisition costs are manageable relative to earning potential. Seasonality is pronounced: revenue nearly triples from February's low of $1,789 to July's peak of $5,563, so investors should plan cash reserves to cover quieter winter months. With limited supply and strong lakefront appeal, well-managed properties — particularly larger ones — can perform meaningfully above market averages."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Fox Lake

Average revenue by month in Fox Lake

Fox Lake exhibits sharp seasonality, with July ($5,563) and August ($5,491) delivering nearly three times the revenue of the slowest month, February ($1,789). Investors should expect roughly 60% of annual income to be generated between May and September, making summer optimization critical to overall returns.

Active Airbnb listings by property size in Fox Lake

Supply is evenly distributed across 2-bedroom (7 listings), 3-bedroom (8 listings), and 4-bedroom (6 listings) properties, with no single size dominating the market. The absence of 1-bedroom or studio listings suggests this market caters primarily to families and groups rather than solo travelers, which aligns with its lakefront vacation character.

Average daily rate (ADR) by property size in Fox Lake

ADR scales steeply with size — from $198 for 2-bedroom units to $496 for 4-bedroom homes, a 150% premium. The jump from 2 to 3 bedrooms ($198 to $317) represents the sharpest increase, suggesting that the added bedroom significantly expands the guest audience willing to pay for a lakefront stay.

Average RevPAN by property size in Fox Lake

Three-bedroom properties deliver the highest RevPAN at $91, outperforming both 2-bedroom ($33) and 4-bedroom ($77) units. This indicates that 3-bedroom listings strike the best balance between nightly rate and occupancy, making them particularly efficient revenue generators on a per-available-night basis.

Average occupancy rates by property size in Fox Lake

Three-bedroom properties lead in occupancy at 29%, while 2-bedroom (17%) and 4-bedroom (16%) units trail significantly. The lower occupancy for larger homes likely reflects their higher price point filtering demand, while 2-bedroom units may face competition from alternative lodging options in the area.

Average monthly revenue by property size in Fox Lake

Four-bedroom properties are the clear monthly revenue leaders at $6,754, nearly tripling the 2-bedroom average of $2,491 and almost doubling the 3-bedroom figure of $3,545. Despite lower occupancy, the premium ADR on 4-bedroom homes more than compensates, making them attractive for investors focused on top-line revenue.

Average annual revenue by property size in Fox Lake

Annual revenue ranges from $29,902 for 2-bedroom properties to $81,052 for 4-bedroom homes, with 3-bedroom units falling in between at $42,548. The 4-bedroom tier stands out as the highest-earning configuration by a wide margin, potentially offering the strongest return for investors willing to take on a larger property in this lakefront market.

Most common amenities for Airbnb listings in Fox Lake

Parking and a full kitchen appear in 100% of Fox Lake listings, while lake access (87%), waterfront location (83%), and outdoor amenities like patios (91%), backyard space (87%), and BBQ grills (78%) dominate the amenity mix. This signals that guests overwhelmingly expect a lakeside outdoor lifestyle experience, so investors should prioritize water access and outdoor entertaining spaces to remain competitive.

Understanding Fox Lake's ROI Score: 72/100

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

Fox Lake's ROI score of 72 out of 100 places it in the "Attractive Opportunity" band, driven primarily by an above-average revenue-to-price ratio — the most heavily weighted factor at 40%. However, occupancy stability and market growth trend both register below average, reflecting the seasonal nature of demand and rapid supply growth. Investors should pair this score with local regulatory research and a realistic cash-flow model that accounts for the quieter winter months.

Short-Term Rental Regulations in Fox Lake

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

Permit Requirements

Short-term rental operators in Fox Lake, Illinois may need to obtain a local permit or register their property before listing. Investors should verify current requirements directly with the Village of Fox Lake and check Lake County regulations, as STR rules can change.

Key Restrictions

Common restrictions that may apply include occupancy limits based on bedroom count, minimum stay requirements, noise and nuisance ordinances, and parking mandates. HOA or community association rules can impose additional limitations, and some areas may cap the total number of STR permits issued.

Tax Obligations

Illinois requires short-term rental hosts to collect and remit applicable occupancy and sales taxes. Platforms like Airbnb often handle state-level tax collection automatically, but operators should confirm whether any local lodging or tourism taxes apply in Fox Lake.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Fox Lake's STR performance is expected to remain closely tied to its warm-weather seasonality, with July and August continuing to drive the lion's share of revenue. Investors should anticipate monthly earnings fluctuating between roughly $1,800 in the winter and $5,500+ during peak summer. ADR may see modest upward pressure of 2–4% as the supply base, which grew significantly year-over-year, stabilizes. Occupancy could improve slightly if new hosts refine pricing strategies, though rates are likely to remain in the low-to-mid 20% range on an annualized basis given the market's seasonal nature."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Fox Lake, IL

What is the average Airbnb occupancy rate in Fox Lake?

The average occupancy rate for Airbnb listings in Fox Lake is currently 22%, which falls below the Illinois state average of 33%. This lower figure reflects the market's strong seasonal character — demand concentrates heavily in the summer months. Three-bedroom properties tend to fill most consistently at 29% occupancy, while 2-bedroom and 4-bedroom units average 17% and 16% respectively. Investors can improve their individual occupancy by offering competitive pricing during shoulder and off-peak seasons.

How much do Airbnb hosts make in Fox Lake?

Airbnb hosts in Fox Lake earn an average of $3,469 per month, which translates to roughly $41,635 per year based on trailing 12-month data. Earnings vary significantly by property size: 2-bedroom listings average about $29,902 annually, 3-bedroom properties bring in around $42,548, and 4-bedroom homes lead the market at approximately $81,052 per year. Summer months — especially July and August — drive the bulk of annual revenue, with monthly earnings exceeding $5,400 during peak season.

Is Fox Lake a good market for Airbnb investment?

Fox Lake scores 72 out of 100 on Rabbu's ROI Score, placing it in the "Attractive Opportunity" category. The market's above-average revenue-to-price ratio is its strongest attribute, with annual revenues averaging $41,635 against home values around $351,657. The small supply of just 23 active listings also limits competition. However, investors should account for below-average occupancy stability and the market's heavy seasonal lean. Larger properties, particularly 4-bedroom homes, tend to deliver the strongest returns and may help offset the quieter winter months.

What is the average daily rate (ADR) for Airbnb in Fox Lake?

The average daily rate in Fox Lake is $325, which is slightly above the Illinois state average of $319. Rates scale notably with property size: 2-bedroom listings average $198 per night, 3-bedroom properties come in at $317, and 4-bedroom homes command $496. These premium rates on larger properties reflect the market's appeal as a lakefront getaway destination where groups and families seek spacious accommodations.

Are short-term rentals legal in Fox Lake?

Short-term rentals are generally permitted in Fox Lake, IL, though operators may need to comply with local permitting or registration requirements. Regulations can vary at the village and county level, so prospective hosts should check directly with the Village of Fox Lake and Lake County authorities for the latest rules regarding permits, zoning, occupancy limits, and tax obligations before listing a property.

When is peak season for Airbnb in Fox Lake?

Peak season in Fox Lake runs from June through August, with July being the single highest-earning month at an average of $5,563 in revenue per listing. August follows closely at $5,491. The shoulder months of May and September also perform well, averaging $3,863 and $4,161 respectively. Winter months represent the off-peak, with February bottoming out at $1,789. This roughly three-to-one spread between peak and off-peak months underscores the importance of maximizing summer bookings.

How many Airbnbs are there in Fox Lake?

There are currently 23 active Airbnb listings in Fox Lake as of April 2026. The supply is concentrated across three property sizes: 7 two-bedroom units, 8 three-bedroom units, and 6 four-bedroom units. Year-over-year listing growth has been significant at 217%, indicating growing investor interest, though the absolute number remains small enough that the market is not yet saturated.

How is Airbnb revenue calculated in Fox Lake?

The annual and monthly revenue figures shown for Fox Lake are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and aggregate the remainder into a market-level historical average. Because each month uses its own historical performance data, the figures naturally reflect seasonal peaks and slower periods. Individual results can vary based on property quality, pricing strategy, and operational management.

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 data
• Property size breakdowns for listings, rates, occupancy, and revenue
• Amenity prevalence data for active listings in the market
• Home value estimates sourced from the Zillow Home Value Index (ZHVI)

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month historical averages and market conditions may have shifted since the reporting period. Local regulations, permit requirements, and tax obligations are subject to change — always verify with municipal authorities before investing.