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AirDNA Data: US Illinois Springfield

How is Springfield performing?

99

Great
Market Score

99

Investability

81

Rental Demand

49

Revenue Growth

86

Seasonality

35

Regulation

Annual Revenue

$13.1K

+3%

past year

Occupancy Rate

54%

+4%

past year

Average Daily Rate

$136.6

+3%

past year

Revenue per Available Rental (RevPAR)

$72.8

+6%

past year

Springfield Performance Details

Total available listings

325

+3%

past year

Listings by rental channel

Channel

Airbnb (73%)

Vrbo (10%)

Both (17%)

Listings by rental size

Bedrooms

1 Bedroom (43%)

2 Bedroom (33%)

3 Bedroom (16%)

4 Bedroom (6%)

5+ Bedroom (2%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (45%)

91-180 nights (21%)

181-270 nights (14%)

271-365 nights (20%)

Listings by rental type

Type

Entire Home (82%)

Private Room (18%)

Shared Room (0%)

Listings by Cancellation Policy

Flexible (28.0%)

Moderate (46.5%)

Strict (24.9%)

Super Strict (0.6%)

Listings by Minimum Stay

1 Night (0.0%)

2 Nights (32.3%)

3 Nights (11.4%)

4-6 Nights (3.1%)

7-29 Nights (9.2%)

30+ Nights (44.0%)

What amenities do listings have?

Aircon

98%

Internet

97%

Wireless Internet

97%

Parking

93%

Kitchen

91%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Inn At 835
13-0.2%38
4.73
Arrive And Thrive
90.8%157
4.92
Vacasa
11.0%2
5.00
Evolve
11.0%9
4.80

Occupancy

Occupancy Rate

54%

+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

$1,308,018

+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)

$54

+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

$54

-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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