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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Normal offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
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.
According to Rabbu market data, the Normal short-term rental market shows:
| 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.
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
"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
Normal's revenue shows clear seasonality, peaking in October at $2,826 and bottoming out in February at $1,050 — a spread of roughly $1,776 between the best and weakest months. The late summer through fall stretch (August–October) is the strongest earning window, while January and February represent the softest period, giving investors a clear picture of when to optimize pricing and when to expect leaner cash flow.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,055 |
| February |
|
$1,050 |
| March |
|
$1,457 |
| April |
|
$1,857 |
| May |
|
$2,192 |
| June |
|
$2,031 |
| July |
|
$2,320 |
| August |
|
$2,653 |
| September |
|
$2,336 |
| October |
|
$2,826 |
| November |
|
$2,117 |
| December |
|
$2,354 |
One-bedroom units dominate supply with 12 listings (39% of the market), followed by 8 two-bedroom and 7 three-bedroom properties. Given that 2-bedroom units significantly outperform on both revenue and occupancy, their relatively smaller share of supply may signal an opportunity for investors looking to enter with mid-sized properties.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
12 |
| 2 bedrooms |
|
8 |
| 3 bedrooms |
|
7 |
ADR scales predictably with size: 1-bedroom listings average $75/night, 2-bedrooms come in at $140, and 3-bedroom properties command $201 per night. The jump from 1 to 2 bedrooms nearly doubles the nightly rate, making the 2-bedroom configuration a particularly efficient sweet spot in terms of rate-per-bedroom.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$75 |
| 2 bedrooms |
|
$140 |
| 3 bedrooms |
|
$201 |
Two-bedroom properties deliver the strongest RevPAN at $78 per available night, outpacing both 3-bedroom units ($58) and 1-bedroom listings ($32). This gap is largely driven by 2-bedrooms combining a solid $140 ADR with the market's highest occupancy rate of 56%, making them the most efficient earners on a per-night basis.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$32 |
| 2 bedrooms |
|
$78 |
| 3 bedrooms |
|
$58 |
Occupancy varies dramatically by size: 2-bedroom units lead at 56%, followed by 1-bedrooms at 43%, while 3-bedroom properties lag at just 29%. For investors prioritizing consistent cash flow, the 2-bedroom segment offers the most reliable booking frequency, whereas 3-bedroom units may experience longer vacancy stretches between stays.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
43% |
| 2 bedrooms |
|
56% |
| 3 bedrooms |
|
29% |
Two-bedroom listings top monthly revenue at $2,749, closely followed by 3-bedrooms at $2,509, while 1-bedroom units earn just $815 per month. The significant drop-off for 1-bedrooms reflects both their lower ADR and more modest occupancy, making larger configurations substantially more attractive from a revenue perspective.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$815 |
| 2 bedrooms |
|
$2,749 |
| 3 bedrooms |
|
$2,509 |
At $32,988 per year, 2-bedroom properties generate the highest annual revenue in Normal, edging out 3-bedrooms at $30,116 and far surpassing 1-bedrooms at $9,781. For investors weighing acquisition and operating costs against income potential, the 2-bedroom configuration offers the strongest return profile in this market.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$9,781 |
| 2 bedrooms |
|
$32,988 |
| 3 bedrooms |
|
$30,116 |
Parking leads amenity prevalence at 97%, reflecting the car-dependent nature of the Bloomington-Normal area, while kitchen access, dryer, and self check-in each appear in 94% of listings. High adoption of workspaces (71%) and pet-friendly policies (71%) suggests hosts are catering to longer-staying guests and remote workers — amenities that new listings should treat as table stakes rather than differentiators.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
97% |
| Dryer |
|
94% |
| Kitchen |
|
94% |
| Self Check-in |
|
94% |
| Washer |
|
84% |
| Backyard |
|
74% |
| Pets |
|
71% |
| Workspace |
|
71% |
| Patio or Balcony |
|
52% |
| Outdoor Furniture |
|
45% |
| BBQ Grill |
|
29% |
| EV Charger |
|
3% |
| Hot Tub |
|
3% |
| Pool |
|
3% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| 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% |
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.
Understanding local STR regulations is essential before investing in Normal. Here's the current regulatory landscape:
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.
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.
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.
Financing an Airbnb investment in Normal requires lenders who understand STR income. Rabbu partner lenders offer:
"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
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.
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.
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