Is Illinois Area, IL a Good STR Investment in 2026?
Top Market
Median Price
$344,900
STR Revenue/mo
$2,331
Cap Rate
1.8%
1Y Appreciation
2.1%
Avg Nightly Rate
$164
Market Score
96.2/100
Market Overview
Illinois Area, IL presents a strong opportunity for real estate investors in 2026, with a market score of 96.2 out of 100. The median home price sits at $344,900 with average short-term rental revenue of $2,331 per month, yielding a 1.8% cap rate.
Short-Term Rental Performance
Short-term rental hosts in Illinois Area average $2,331 in monthly revenue with a 55.4% occupancy rate. This translates to approximately $27,972 in annual gross revenue for a typical listing. The average nightly rate is $164.
Investment Analysis
Assuming a 20% down payment at 7% interest on a $344,900 property, your monthly mortgage would be approximately $1,836. After accounting for mortgage, taxes, and insurance, the estimated monthly cash flow for an STR is -$1,320.
The long-term rental market shows potential with median rents at $1,750 per month. Year-over-year home value appreciation of 2.1% adds equity growth to your total return.
Our Verdict
Illinois Area ranks among the top investment markets with a score of 96.2/100. Healthy appreciation adds equity growth on top of rental income.