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

Skokie Short-Term Rental Market Overview

Skokie earns a 78 out of 100 on Rabbu's ROI Score, placing it in the Standout Opportunity tier for short-term rental investors. With an average annual revenue of $36,304, an ADR of $194 (well below the $319 Illinois state average), and occupancy at 36% — edging past the 33% state benchmark — the market offers a compelling entry point just north of Chicago. The relatively small supply of only 34 active listings suggests limited competition, while a 111% year-over-year listing growth rate signals rising investor interest in this suburban pocket.

Key Market Statistics

According to Rabbu market data, the Skokie 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 Skokie

Skokie's proximity to Chicago, above-average revenue-to-price ratio, and small but growing listing pool make it a compelling suburban STR market worth serious consideration.

Expert Market Assessment

"Skokie represents a solid suburban opportunity for investors seeking Chicago-area exposure at a lower price point. Revenue follows a clear seasonal arc: June peaks near $4,680 while January and February dip to roughly $1,200–$1,250, creating a nearly 4x spread between the strongest and weakest months. The market's above-average revenue-to-price ratio and stable occupancy underpin its Standout Opportunity designation, though average growth trends suggest the market is maturing rather than booming. Investors who target three-bedroom properties — the top RevPAN performers — and optimize for summer demand stand to capture the best returns."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Skokie

Average revenue by month in Skokie

Skokie's revenue follows a pronounced seasonal curve, peaking in June at $4,680 and bottoming out in February at $1,220 — a nearly 3.8x spread. The May-through-October stretch consistently delivers above-average monthly revenue, making summer and early fall the critical earning window for hosts.

Active Airbnb listings by property size in Skokie

One-bedroom units dominate supply with 15 of the 34 active listings, while two-bedroom and four-bedroom properties are each represented by just 5 listings. The relatively thin supply of larger homes — particularly three-bedroom (7 listings) and four-bedroom units — may signal an opportunity for investors willing to target those sizes.

Average daily rate (ADR) by property size in Skokie

ADR scales steadily from $91 for one-bedroom listings up to $296 for four-bedroom properties, with three-bedroom units at $249. The jump from one to two bedrooms nearly doubles the rate (from $91 to $179), suggesting the biggest pricing premium comes with that first additional bedroom.

Average RevPAN by property size in Skokie

Three-bedroom properties deliver the highest RevPAN at $114, significantly outpacing both four-bedroom units ($71) and two-bedroom listings ($51). This makes three-bedrooms the clear efficiency leader — they combine strong nightly rates with the market's best occupancy to generate the most revenue per available night.

Average occupancy rates by property size in Skokie

Three-bedroom listings lead occupancy at 46%, followed by one-bedrooms at 38%, while two-bedroom (29%) and four-bedroom (24%) units trail noticeably. The lower occupancy for larger four-bedroom properties suggests they may face a narrower guest pool despite commanding the highest ADR, making cash-flow consistency more challenging at that size.

Average monthly revenue by property size in Skokie

Four-bedroom properties edge out the top spot at $4,748 per month, with three-bedrooms close behind at $4,591. One-bedroom listings average just $1,450 monthly — roughly a third of what larger configurations generate — underscoring how much revenue potential scales with property size in this market.

Average annual revenue by property size in Skokie

Annual revenue ranges from $17,411 for one-bedroom listings to $56,977 for four-bedroom properties, with three-bedrooms at $55,097 trailing only slightly. Given that three-bedroom units deliver nearly equivalent annual revenue to four-bedrooms at higher occupancy and a lower RevPAN gap, they may offer the best risk-adjusted return potential in Skokie.

Most common amenities for Airbnb listings in Skokie

Kitchens (97%), washers (91%), and parking (88%) are near-universal among Skokie listings, reflecting guest expectations for suburban home-style stays. A workspace appears in 77% of listings, suggesting a meaningful extended-stay or remote-work traveler segment, while differentiators like hot tubs (6%) and gym access (9%) remain rare and could help a listing stand out.

Understanding Skokie's ROI Score: 78/100

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

Skokie's ROI Score of 78 out of 100 places it in the Standout Opportunity band, driven primarily by an above-average revenue-to-price ratio and above-average occupancy stability — the two most heavily weighted factors. Market growth trend and supply/demand balance both register as average, reflecting a market that is attracting new supply without dramatic demand shifts. Investors should pair these encouraging metrics with local regulatory research and property-level underwriting to confirm that the opportunity aligns with their specific investment goals.

Short-Term Rental Regulations in Skokie

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

Permit Requirements

Short-term rental operators in Skokie, Illinois may be required to obtain a permit or register their property with the village before listing on platforms like Airbnb. Investors should verify current requirements directly with the Village of Skokie and review any applicable Cook County or Illinois state-level regulations.

Key Restrictions

Common restrictions that may apply include occupancy limits, minimum-stay requirements, noise and nuisance ordinances, and parking mandates. HOA rules can also impose additional limitations, and some municipalities in the Chicago suburbs have introduced permit caps or zoning-based restrictions, so due diligence on the specific property address is essential.

Tax Obligations

Short-term rental hosts in Illinois are generally subject to state and local occupancy taxes, as well as potential sales and tourism-related assessments. Platforms like Airbnb often collect and remit certain taxes on behalf of hosts, but operators should confirm their full obligation with a local tax professional.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Skokie's STR market is expected to sustain moderate momentum. Summer months consistently drive the strongest performance — June alone averaged $4,680 in revenue — so investors should plan for a meaningful seasonal dip during winter, when monthly revenue can fall below $1,300. Given average market growth trends and stable occupancy, ADR may edge up 2–4% as the listing pool matures and hosts optimize pricing. Investors entering now benefit from a still-compact supply base, though the rapid 111% year-over-year growth in listings means the window for low-competition positioning is narrowing."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Skokie, IL

What is the average Airbnb occupancy rate in Skokie?

The average occupancy rate for Airbnb listings in Skokie is currently 36%, which edges above the Illinois state average of 33%. Occupancy varies considerably by property size — three-bedroom listings lead the pack at 46%, while four-bedroom properties sit at just 24%. These figures reflect trailing performance of active listings in the market.

How much do Airbnb hosts make in Skokie?

On average, Airbnb hosts in Skokie earn approximately $3,025 per month, or about $36,304 per year based on trailing 12-month data. Revenue varies significantly by property size: one-bedroom listings average around $17,411 annually, while four-bedroom properties can reach roughly $56,977. Peak months like June can push monthly revenue above $4,600, while winter months may dip below $1,300.

Is Skokie a good market for Airbnb investment?

Skokie scores 78 out of 100 on Rabbu's ROI Score, earning a Standout Opportunity designation. The market benefits from an above-average revenue-to-price ratio relative to its $541,401 average home value, stable occupancy, and a still-small supply of just 34 active listings. That said, the 111% year-over-year growth in listings means competition is increasing, so timing and property selection matter.

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

The current average daily rate in Skokie is $194, which is well below the $319 Illinois state average. ADR scales meaningfully with property size — from $91 for one-bedroom listings up to $296 for four-bedroom properties. This lower ADR relative to the state reflects Skokie's suburban positioning, but when paired with above-average occupancy, it still supports healthy revenue.

Are short-term rentals legal in Skokie?

Short-term rentals operate in Skokie, as evidenced by the 34 active listings currently tracked in the market. However, local regulations, permit requirements, and zoning rules may apply and can change over time. Prospective investors should check with the Village of Skokie and review any applicable Cook County or Illinois state rules before purchasing or listing a property.

When is peak season for Airbnb in Skokie?

Peak season in Skokie runs from roughly May through October, with June leading the way at an average revenue of $4,680. July and August remain strong at $4,276 and $4,170 respectively, and October holds up well at $3,854. The slowest months are January and February, when average revenue drops to around $1,254 and $1,220 — a nearly 4x difference from the summer peak.

How many Airbnbs are there in Skokie?

As of April 2026, there are 34 active Airbnb listings in Skokie. One-bedroom listings make up the largest share at 15, followed by three-bedroom properties at 7, and two-bedroom and four-bedroom units each at 5. Year-over-year listing growth stands at 111%, indicating that investor and host interest in the market is rising quickly.

How is Airbnb revenue calculated in Skokie?

The annual and monthly revenue figures shown for Skokie are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are 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. Because each month uses its own historical performance, the figures naturally reflect seasonal peaks and slower periods. 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 by market and property size
• Average daily rate, occupancy, and RevPAN metrics with state-level comparisons
• Monthly and annual revenue trends based on trailing 12-month booking data
• Home value benchmarks sourced from the Zillow Home Value Index (ZHVI)
• Amenity prevalence data across active listings to identify guest expectations

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 performance as of April 2026 and may not capture recent regulatory or market changes. Individual property results will vary based on location, condition, pricing strategy, and operational management.