Normal, IL Airbnb Market Data, Statistics, and Occupancy Rates

As of Apr, 27 2026

Rabbu ROI Score

74 / 100

Normal offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.

Normal Short-Term Rental Market Overview

Normal, IL stands out as a compact but compelling short-term rental market, with an ROI score of 74 out of 100 driven by above-average revenue-to-price ratios and solid occupancy stability. With just 31 active Airbnb listings and an average occupancy rate of 41% — well above the 33% Illinois state average — demand consistently outpaces what this small supply pool can absorb. Average annual revenue of $24,254 against home values averaging $355,379 creates a favorable yield profile that larger metro markets often struggle to match.

Key Market Statistics

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

Key Airbnb and short-term rental market statistics.
Metric Context Value
Active Airbnb Listings As of Apr, 27 2026 31
Average Daily Rate (ADR) vs. $319 state avg. $143
Average Occupancy Rate vs. 33% state avg. 41%
RevPAN ADR * Occupancy Rate $58
Average Monthly Revenue Historical 12-month average $2,021
Average Annual Revenue Historical 12-month average $24,254

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

Why Investors Consider Normal

Normal's combination of affordable home prices, above-average occupancy relative to the state, and a favorable revenue-to-price ratio makes it an appealing market for investors seeking yield without the entry costs of larger metros.

Key investment factors

  • Revenue-to-price ratio rated above average, with $24,254 annual revenue against $355,379 average home values
  • Occupancy of 41% significantly exceeds the Illinois state average of 33%, signaling consistent demand
  • Limited supply of only 31 active listings reduces direct competition for bookings
  • University-driven demand from Illinois State University supports recurring seasonal bookings
  • ADR of $143 is well below the $319 state average, keeping the market accessible to price-sensitive guests

Expert Market Assessment

"Normal represents an attractive opportunity for STR investors willing to operate in a smaller, university-anchored market. Seasonality is notable — revenue dips to around $1,050 in the winter months before climbing to a $2,826 peak in October, likely driven by homecoming and fall events — but the spread is manageable and doesn't create prolonged dead periods. The above-average ratings across revenue-to-price, occupancy stability, and supply/demand balance all point to a market where disciplined operators can generate meaningful returns without the intense competition found in tourist-heavy destinations."

— Rabbu Market Analysis Team

Understanding Normal's ROI Score: 74/100

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

Factor Normal Performance Weight
Revenue-to-Price Ratio Above average 40%
Occupancy Stability Above average 30%
Market Growth Trend Average 15%
Supply/Demand Balance Above average 15%

What This Means for Investors

Normal's ROI score of 74 out of 100 places it in the 'Attractive Opportunity' band, reflecting above-average performance across three of its four key factors: revenue-to-price ratio, occupancy stability, and supply/demand balance, with market growth trend rated as average. This combination suggests a market where relatively affordable property prices and consistent demand create a favorable yield environment, though the recent 44% jump in listing count warrants attention. Investors should pair these metrics with thorough local regulatory research to confirm operating requirements before committing capital.

Short-Term Rental Regulations in Normal

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

Permit Requirements

Short-term rental operators in Normal, Illinois may be required to obtain a business license or STR-specific permit before listing their property. Investors should verify current registration requirements directly with the Town of Normal and McLean County authorities, as local rules can change.

Key Restrictions

Common restrictions in Illinois municipalities include occupancy limits based on bedroom count, noise ordinances, parking requirements for guests, and potential HOA restrictions that may prohibit or limit short-term rentals. Some jurisdictions also impose minimum stay requirements or cap the total number of STR permits issued, so confirming these details with local officials before purchasing is essential.

Tax Obligations

STR hosts in Illinois are typically subject to state and local occupancy taxes, and in some cases sales tax, on short-term rental income. Platforms like Airbnb often collect and remit certain taxes on the host's behalf, but operators should confirm their full tax obligations with the Illinois Department of Revenue and local tax authorities.

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

Short-Term Rental Financing for Normal

Financing an Airbnb investment in Normal requires lenders who understand STR income. Rabbu partner lenders offer:

  • DSCR Loans: Qualify based on property income, not personal income
  • Low Down Payment: As low as 10–15% for investment properties
  • Fast Closing: 21–30 day average close times
  • STR Experience: Lenders who understand vacation rental underwriting
Connect with a Normal Lender →

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Normal's STR market is expected to maintain steady demand tied to Illinois State University's academic calendar and regional events, which fuel the pronounced October peak and strong late-summer bookings. Occupancy rates should hold in the 38–44% range, with ADR potentially seeing modest 2–4% increases as supply remains limited at roughly 30 listings. The 44% year-over-year growth in active listings warrants monitoring — if new supply enters too quickly without matching demand growth, per-listing revenue could soften, though the current supply/demand balance remains favorable."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Normal, IL

What is the average Airbnb occupancy rate in Normal?
The average Airbnb occupancy rate in Normal is currently 41%, which is notably higher than the 33% Illinois state average. This above-average occupancy reflects consistent demand relative to the market's limited supply of 31 active listings. Occupancy does vary by property size — 2-bedroom units lead at 56%, while 3-bedroom properties come in at 29%.
How much do Airbnb hosts make in Normal?
Airbnb hosts in Normal earn an average of $2,021 per month, which translates to roughly $24,254 per year based on trailing 12-month performance. Revenue varies significantly by property size: 2-bedroom listings lead with an average of $32,988 annually, while 1-bedroom units average $9,781 per year. Actual earnings depend on factors like property quality, pricing strategy, and guest experience.
Is Normal a good market for Airbnb investment?
Normal scores 74 out of 100 on Rabbu's ROI Score, placing it in the 'Attractive Opportunity' category. The market benefits from above-average revenue-to-price ratios, stable occupancy, and a favorable supply/demand balance. With average home values of $355,379 and annual STR revenue around $24,254, the yield profile compares favorably to many larger Illinois markets. That said, investors should account for seasonal revenue fluctuations and verify local regulations before committing.
What is the average daily rate (ADR) for Airbnb in Normal?
The average daily rate for Airbnb listings in Normal is $143, which is significantly below the $319 Illinois state average. ADR scales with property size: 1-bedroom units average $75 per night, 2-bedrooms average $140, and 3-bedroom properties command $201 per night. The lower ADR relative to the state reflects Normal's affordability as a market, which helps maintain the strong occupancy rate.
Are short-term rentals legal in Normal?
Short-term rentals are generally permitted in Normal, IL, though operators may need to obtain appropriate permits or licenses from the Town of Normal. Regulations can include occupancy limits, parking requirements, and tax collection obligations. We recommend checking directly with local authorities and reviewing any HOA restrictions before listing a property, as rules can change over time.
When is peak season for Airbnb in Normal?
Peak season for Airbnb in Normal runs from late summer through fall, with October being the highest-earning month at $2,826 in average revenue. August ($2,653), September ($2,336), and December ($2,354) also perform well. The slowest months are January and February, when revenue drops to around $1,050. This seasonal pattern likely reflects the academic calendar at Illinois State University and fall events.
How many Airbnbs are there in Normal?
There are currently 31 active Airbnb listings in Normal as of April 2026. The supply is primarily composed of smaller properties: 12 one-bedroom listings, 8 two-bedroom listings, and 7 three-bedroom listings. Year-over-year listing growth is 44%, suggesting growing investor interest in this market, though total supply remains quite limited.
How is Airbnb revenue calculated in Normal?
The annual and monthly revenue figures for Normal 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 roll up the results 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 actively 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 for Normal, IL and surrounding areas
  • Occupancy rate and average daily rate trends across property sizes
  • Revenue and yield metrics including RevPAN, monthly, and annual revenue estimates
  • Amenity prevalence data across active listings in the market
  • Home value data 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. Market data reflects trailing 12-month averages and may not capture very recent shifts in supply, demand, or local regulations. Individual property results will vary based on location, condition, pricing strategy, and operational management.

Next Steps

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