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

Springfield Short-Term Rental Market Overview

Springfield, IL presents an attractive entry point for short-term rental investors, combining relatively affordable home values averaging $309,692 with an ROI score of 63 out of 100. The market's 109 active Airbnb listings generate an average annual revenue of $22,035, and above-average occupancy stability suggests steady demand driven by the state capital's government activity, tourism, and event-related travel. While the average daily rate of $137 sits well below the Illinois state average of $319, the lower acquisition costs help maintain a competitive revenue-to-price ratio.

Key Market Statistics

According to Rabbu market data, the Springfield 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 Springfield

Springfield's blend of affordable property prices, government-driven demand, and above-average occupancy stability makes it a compelling market for investors seeking reliable cash flow without coastal price tags.

Expert Market Assessment

"Springfield earns an "Attractive Opportunity" designation with its ROI score of 63, reflecting a market where affordable acquisition costs and dependable demand create a favorable risk-reward profile. Seasonality is pronounced — revenue roughly doubles from the January low of $1,120 to the August peak of $2,526 — so investors should budget for leaner winter months. The supply/demand balance rates below average, which aligns with the 126% year-over-year growth in active listings; new entrants should differentiate through property quality and smart pricing. Overall, this is a market better suited for steady, moderate returns than for outsized gains, particularly for investors who optimize around the summer surge."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Springfield

Average revenue by month in Springfield

Springfield's revenue cycle peaks in August at $2,526 and bottoms out in January at $1,120, creating a clear summer-heavy seasonality pattern. The roughly 2.3x spread between the highest and lowest months means investors should prepare for leaner winter cash flow while capitalizing on robust May-through-September demand.

Active Airbnb listings by property size in Springfield

One-bedroom units make up the largest share of Springfield's supply at 36 listings, followed closely by 2-bedrooms at 33, while 4-bedroom properties are the scarcest with just 11 listings. The limited supply of larger homes could present an opportunity for investors willing to acquire 4-bedroom properties, particularly given their strong revenue performance.

Average daily rate (ADR) by property size in Springfield

ADR scales steadily from $79 for 1-bedroom listings up to $187 for 4-bedroom properties, with the biggest absolute jump occurring between 1- and 2-bedroom units ($44 increase). The 3-bedroom tier at $169 offers a solid premium over 2-bedrooms without the higher acquisition costs typically associated with 4-bedroom homes.

Average RevPAN by property size in Springfield

Two-bedroom units deliver the strongest RevPAN at $54, outperforming even larger 3-bedroom ($42) and 4-bedroom ($47) properties thanks to their market-leading 44% occupancy rate. One-bedroom listings trail significantly at $22 RevPAN, suggesting they struggle to convert their lower nightly rates into consistent bookings.

Average occupancy rates by property size in Springfield

Two-bedroom properties stand out with a 44% occupancy rate — well above the market average and significantly higher than the 25% seen in both 3- and 4-bedroom units. This occupancy advantage makes 2-bedrooms the most cash-flow-stable option in Springfield, while investors in larger properties should expect more variable booking patterns.

Average monthly revenue by property size in Springfield

Monthly revenue climbs with property size, from $967 for 1-bedroom units to $2,793 for 4-bedroom homes, though the gap narrows at the top end — 3-bedrooms earn $2,492, only $301 less than 4-bedrooms. Two-bedroom properties at $1,914 per month offer a strong middle ground, especially considering their superior occupancy rates.

Average annual revenue by property size in Springfield

Four-bedroom properties lead annual revenue at $33,520, followed by 3-bedrooms at $29,904 and 2-bedrooms at $22,974, while 1-bedroom units generate $11,612. For investors focused on return on investment rather than gross revenue, 2-bedroom properties may offer the best balance given their lower purchase price and highest occupancy among all sizes.

Most common amenities for Airbnb listings in Springfield

Parking (100%) and a full kitchen (99%) are essentially mandatory for Springfield listings, while self check-in (88%) and a washer (83%) round out the top tier of expected amenities. A dedicated workspace at 76% signals meaningful demand from business and government travelers, and investors who add differentiating features like a hot tub (currently just 5% of listings) could gain a competitive edge.

Understanding Springfield's ROI Score: 63/100

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

Springfield's ROI score of 63 out of 100 places it in the "Attractive Opportunity" band, driven primarily by above-average occupancy stability and an average revenue-to-price ratio that benefits from the market's affordable home values. The below-average supply/demand balance — reflecting 126% year-over-year listing growth — is the main factor tempering the score, so investors should watch how quickly new supply is absorbed. Pairing this data with thorough local regulatory research and a clear property differentiation strategy will help maximize returns in this market.

Short-Term Rental Regulations in Springfield

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

Permit Requirements

Short-term rental operators in Springfield, Illinois may be required to obtain permits or register their property with local authorities. Investors should verify current permit requirements directly with the City of Springfield and Sangamon County before listing a property.

Key Restrictions

Common STR restrictions in Illinois municipalities can include occupancy limits, minimum stay requirements, noise and parking regulations, and caps on the number of permits issued in a given area. Properties governed by homeowners associations may face additional rules or outright prohibitions on short-term rentals, so reviewing HOA covenants is essential before purchasing.

Tax Obligations

Short-term rental hosts in Illinois are generally subject to state and local occupancy taxes, sales taxes, and potentially tourism-related levies. Major booking platforms often collect and remit some of these taxes automatically, but hosts should confirm their full tax obligations with the Illinois Department of Revenue and local tax offices.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Springfield's STR market is expected to see continued steady demand anchored by its role as a state capital and regional hub. Monthly revenue data shows a clear summer peak — August tops the chart at $2,526 — with softer winter months around $1,120–$1,135, suggesting ADR increases of 1–3% are plausible during high season. Occupancy rates should hold in the 30–35% range market-wide, though well-managed 2-bedroom properties could outperform given their current 44% occupancy. Investors should monitor the 126% year-over-year growth in active listings, as rapid supply expansion could temper gains if demand doesn't keep pace."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Springfield, IL

What is the average Airbnb occupancy rate in Springfield?

The average Airbnb occupancy rate in Springfield, IL is currently 32%, which is just slightly below the Illinois state average of 33%. Occupancy varies significantly by property size — 2-bedroom units lead at 44%, while 1-bedroom, 3-bedroom, and 4-bedroom properties range between 25% and 29%. Investors targeting higher occupancy may find the best results with well-appointed 2-bedroom properties.

How much do Airbnb hosts make in Springfield?

On average, Airbnb hosts in Springfield earn approximately $1,836 per month or $22,035 per year based on trailing 12-month performance data. Revenue scales with property size: 1-bedroom listings average $11,612 annually, 2-bedrooms earn around $22,974, 3-bedrooms bring in roughly $29,904, and 4-bedroom properties lead at $33,520 per year. Actual results depend on factors like property quality, pricing strategy, and guest experience.

Is Springfield a good market for Airbnb investment?

Springfield scores a 63 out of 100 on Rabbu's ROI Score, earning an "Attractive Opportunity" rating. The market benefits from above-average occupancy stability and a reasonable revenue-to-price ratio thanks to average home values of $309,692. While the supply/demand balance is rated below average due to rapid listing growth (126% year-over-year), the affordable entry point and steady government-driven demand make it a viable market for investors seeking moderate, reliable returns.

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

The average daily rate for Airbnb listings in Springfield is $137, compared to the Illinois state average of $319. ADR increases with property size: 1-bedroom units average $79, 2-bedrooms are at $123, 3-bedrooms reach $169, and 4-bedroom properties command $187 per night. The lower ADR compared to the state average reflects Springfield's more affordable market positioning.

Are short-term rentals legal in Springfield?

Short-term rentals are generally permitted in Springfield, IL, but operators may need to comply with local registration or permit requirements. Regulations can include occupancy limits, parking rules, noise restrictions, and tax obligations. We recommend verifying current rules directly with the City of Springfield and consulting any applicable HOA guidelines before purchasing or listing a property.

When is peak season for Airbnb in Springfield?

Peak season for Airbnb in Springfield runs from May through September, with August delivering the highest average monthly revenue at $2,526. June, July, and September also perform strongly, each exceeding $2,100 in average revenue. The slowest months are January ($1,120) and February ($1,135), so investors should plan for roughly a 2:1 revenue swing between peak and off-peak periods.

How many Airbnbs are there in Springfield?

As of April 2026, there are 109 active Airbnb listings in Springfield, IL. The supply breaks down to 36 one-bedroom units, 33 two-bedroom units, 21 three-bedroom units, and 11 four-bedroom properties. Notably, active listings have grown 126% year-over-year, indicating a rapidly expanding supply landscape that investors should monitor closely.

How is Airbnb revenue calculated in Springfield?

The annual and monthly revenue figures for Springfield 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 results into a market-level historical average. Because each month uses its own historical performance, the figures naturally reflect seasonal peaks and slower periods like Springfield's summer highs and winter lows. 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 by market and property size
• Average daily rates, occupancy rates, and RevPAN metrics across multiple bedroom configurations
• Monthly and annual revenue trends based on trailing 12-month booking performance
• Popular amenity prevalence data drawn from active listings in the market
• Home value benchmarks 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 Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month historical averages and may not capture very recent market shifts. Local regulations, permitting requirements, and tax obligations vary and should be independently verified before investing.