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AirDNA Data: US Illinois Springfield

How is Springfield performing?

95

Great
Market Score

91

Investability

84

Rental Demand

79

Revenue Growth

68

Seasonality

44

Regulation

Annual Revenue

$9.8K

+3%

past year

Occupancy Rate

40%

+4%

past year

Average Daily Rate

$96.3

+3%

past year

Revenue per Available Rental (RevPAR)

$52

+6%

past year

Springfield Performance Details

Total available listings

648

+3%

past year

Listings by rental channel

Channel

Airbnb (79%)

Vrbo (12%)

Both (9%)

Listings by rental size

Bedrooms

1 Bedroom (52%)

2 Bedroom (30%)

3 Bedroom (13%)

4 Bedroom (3%)

5+ Bedroom (2%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (73%)

91-180 nights (11%)

181-270 nights (6%)

271-365 nights (11%)

Listings by rental type

Type

Entire Home (73%)

Private Room (26%)

Shared Room (1%)

Listings by Cancellation Policy

Flexible (43.5%)

Moderate (34.4%)

Strict (21.6%)

Super Strict (0.5%)

Listings by Minimum Stay

1 Night (4.6%)

2 Nights (23.5%)

3 Nights (8.0%)

4-6 Nights (4.2%)

7-29 Nights (6.0%)

30+ Nights (53.7%)

What amenities do listings have?

Aircon

92%

Wireless Internet

91%

Kitchen

90%

Tv

87%

Heating

87%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Inn At 835
13-0.2%38
4.73
Arrive And Thrive
90.8%146
4.90
Evolve
11.0%7
4.85
DMD
1-0.9%27
4.95
Vacasa
11.0%1
5.00

Occupancy

Occupancy Rate

40%

+5%

past year

Booking lead time
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Length of stay
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Revenue

Average revenue

$980,584

+5%

past year

How much revenue did listings earn per month?

Average revenue over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Rates

Revenue per available rental (RevPAR)

$40

+5%

past year

Revenue per available rental
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Revenue per available rental (RevPAR) over the last 5 years
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What was the average daily rate?

Average daily rate over the last 5 years

-3%

past year

2023
2022
2021
2020
2019
2018

Revenue per available rental (RevPAR)

Revenue per available rental

$40

-7%

past year

Weekend revenue per available rental (RevPAR)
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018
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