Elgin Airbnb Market Analysis 2025: Short Term Rental Data & Vacation Rental Statistics in Illinois, United States
Is Airbnb profitable in Elgin in 2025? Explore comprehensive Airbnb analytics for Elgin, Illinois, United States to uncover income potential. This 2025 STR market report for Elgin, based on AirROI data from April 2024 to March 2025, reveals key trends in the niche market of 31 active listings.
Whether you're considering an Airbnb investment in Elgin, optimizing your existing vacation rental, or exploring rental arbitrage opportunities, understanding the Elgin Airbnb data is crucial. Leveraging the low regulation environment is key to maximizing your short term rental income potential. Let's dive into the specifics.
Key Elgin Airbnb Performance Metrics Overview
Monthly Airbnb Revenue Variations & Income Potential in Elgin (2025)
Understanding the monthly revenue variations for Airbnb listings in Elgin is key to maximizing your short term rental income potential. Seasonality significantly impacts earnings. Our analysis, based on data from the past 12 months, shows that the peak revenue month for STRs in Elgin is typically June, while March often presents the lowest earnings, highlighting opportunities for strategic pricing adjustments during shoulder and low seasons. Explore the typical Airbnb income in Elgin across different performance tiers:
- Best-in-class properties (Top 10%) achieve $5,296+ monthly, often utilizing dynamic pricing and superior guest experiences.
- Strong performing properties (Top 25%) earn $3,608 or more, indicating effective management and desirable locations/amenities.
- Typical properties (Median) generate around $1,841 per month, representing the average market performance.
- Entry-level properties (Bottom 25%) see earnings around $939, often with potential for optimization.
Average Monthly Airbnb Earnings Trend in Elgin
Elgin Airbnb Occupancy Rate Trends (2025)
Maximize your bookings by understanding the Elgin STR occupancy trends. Seasonal demand shifts significantly influence how often properties are booked. Typically, Septembersees the highest demand (peak season occupancy), while January experiences the lowest (low season). Effective strategies, like adjusting minimum stays or offering promotions, can boost occupancy during slower periods. Here's how different property tiers perform in Elgin:
- Best-in-class properties (Top 10%) achieve 83%+ occupancy, indicating high desirability and potentially optimized availability.
- Strong performing properties (Top 25%) maintain 73% or higher occupancy, suggesting good market fit and guest satisfaction.
- Typical properties (Median) have an occupancy rate around 49%.
- Entry-level properties (Bottom 25%) average 28% occupancy, potentially facing higher vacancy.
Average Monthly Occupancy Rate Trend in Elgin
Average Daily Rate (ADR) Airbnb Trends in Elgin (2025)
Effective short term rental pricing strategy in Elgin involves understanding monthly ADR fluctuations. The Average Daily Rate (ADR) for Airbnb in Elgin typically peaks in November and dips lowest during June. Leveraging Airbnb dynamic pricing tools or strategies based on this seasonality can significantly boost revenue. Here's a look at the typical nightly rates achieved:
- Best-in-class properties (Top 10%) command rates of $459+ per night, often due to premium features or locations.
- Strong performing properties (Top 25%) achieve nightly rates of $217 or more.
- Typical properties (Median) charge around $126 per night.
- Entry-level properties (Bottom 25%) earn around $67 per night.
Average Daily Rate (ADR) Trend by Month in Elgin
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Airbnb Seasonality Analysis & Trends in Elgin (2025)
Peak Season (June, July, August)
- Revenue averages $3,262 per month
- Occupancy rates average 54.8%
- Daily rates average $226
Shoulder Season
- Revenue averages $2,384 per month
- Occupancy maintains around 51.9%
- Daily rates hold near $251
Low Season (January, February, March)
- Revenue drops to average $1,983 per month
- Occupancy decreases to average 42.4%
- Daily rates adjust to average $270
Seasonality Insights for Elgin
- The Airbnb seasonality in Elgin shows moderate seasonality with distinct peak and low periods. While the sections above show seasonal averages, it's also insightful to look at the extremes:
- During the high season, the absolute peak month showcases Elgin's highest earning potential, with monthly revenues capable of climbing to $3,552, occupancy reaching a high of 59.7%, and ADRs peaking at $292.
- Conversely, the slowest single month of the year, typically falling within the low season, marks the market's lowest point. In this month, revenue might dip to $1,845, occupancy could drop to 40.5%, and ADRs may adjust down to $216.
- Understanding both the seasonal averages and these monthly peaks and troughs in revenue, occupancy, and ADR is crucial for maximizing your Airbnb profit potential in Elgin.
Seasonal Strategies for Maximizing Profit
- Peak Season: Maximize revenue through premium pricing and potentially longer minimum stays. Ensure high availability.
- Low Season: Offer competitive pricing, special promotions (e.g., extended stay discounts), and flexible cancellation policies. Target off-season travelers like remote workers or budget-conscious guests.
- Shoulder Seasons: Implement dynamic pricing that balances peak and low rates. Target weekend travelers or specific events. Offer slightly more flexible terms than peak season.
- Regularly analyze your own performance against these Elgin seasonality benchmarks and adjust your pricing and availability strategy accordingly.
Best Areas for Airbnb Investment in Elgin (2025)
Exploring the top neighborhoods for short-term rentals in Elgin? This section highlights key areas, outlining why they are attractive for hosts and guests, along with notable local attractions. Consider these locations based on your target guest profile and investment strategy.
| Neighborhood / Area | Why Host Here? (Target Guests & Appeal) | Key Attractions & Landmarks |
|---|---|---|
| Downtown Elgin | Vibrant area with a mix of restaurants, shops, and entertainment options. Ideal for visitors looking to experience Elgin's local culture. | Elgin Riverwalk, The Grand Victoria Casino, Elgin Symphony Orchestra, Downtown Elgin Art Showcase, The Hemmens Cultural Center |
| Elgin Historic District | Rich in history and architecture, this area appeals to guests interested in Elgin's heritage and historical sites. | Bluff City Theater, Elgin History Museum, Old Elgin Public Library, Historic Elgin Depot, Lord's Park |
| Grove Avenue Neighborhood | Family-friendly neighborhood with parks and community activities, great for travelers with children or those wanting a quieter stay. | Grove Avenue Park, Elgin Community College, The Centre of Elgin, Local farmer's markets |
| Country Knolls | Suburban area with spacious homes and access to natural parks, perfect for families and outdoor enthusiasts visiting Elgin. | Country Knolls Park, Elgin Sports Complex, Gilbert Park |
| Villa Olivia | A popular location for seasonal activities such as skiing and golfing, attracting visitors year-round for recreation. | Villa Olivia Ski Resort, Elgin Golf Club |
| Elgin Cemetery | A historic cemetery that attracts those interested in local history and genealogical research, providing a unique overnight option. | Burial sites of notable residents, Beautiful landscaping, Historical plaques |
| Coronado Street Neighborhood | A peaceful residential area close to downtown Elgin, ideal for guests looking for a relaxing stay while being near attractions. | Local parks, Nearby coffee shops, Art galleries in the vicinity |
| Dundee Avenue Corridor | A busy commercial area with numerous eateries and shops, making it a convenient location for visitors who want accessibility to local dining and shopping options. | Elgin Public Library, Shopping centers, Local restaurants |
Understanding Airbnb License Requirements & STR Laws in Elgin (2025)
While Elgin, Illinois, United States currently shows low STR regulations, specific Airbnb license requirements might still exist or change. Always verify the latest short term rental regulations and Airbnb license requirements directly with local government authorities for Elgin to ensure full compliance before hosting.
(Source: AirROI data, 2025, finding no licensed listings among those analyzed)
Top Performing Airbnb Properties in Elgin (2025)
Benchmark your potential! Explore examples of top-performing Airbnb properties in Elginbased on Trailing Twelve Month (TTM) revenue. Analyze their characteristics, revenue, occupancy rate, and ADR to understand what drives success in this market.
Modern Suburban Oasis- 14 Guests
Entire Place • 4 bedrooms
My Lagoon - 3 br Entire SF home Sleeps 8. King Bed
Entire Place • 3 bedrooms
Peaceful Cottage by the Park
Entire Place • 3 bedrooms
Modern Lagoon 3 br entire house sleeps 8. King bed
Entire Place • 3 bedrooms
Beautiful 4 bedroom Home with Game Room in Elgin
Entire Place • 4 bedrooms
Charming Elgin Home with a Great Location
Entire Place • 2 bedrooms
Note: Performance varies based on location, size, amenities, seasonality, and management quality. Data reflects the past 12 months.
Top Performing Airbnb Hosts in Elgin (2025)
Learn from the best! This table showcases top-performing Airbnb hosts in Elgin based on the number of properties managed and estimated total revenue over the past year. Analyze their scale and performance metrics.
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Rizwan | 2 | $114,639 | 370 | 4.93/5.0 |
| Betsy | 3 | $84,107 | 163 | 4.75/5.0 |
| Anmol | 1 | $70,697 | 34 | 4.74/5.0 |
| Alex | 2 | $58,439 | 93 | 5.00/5.0 |
| Caleb | 1 | $50,229 | 88 | 4.82/5.0 |
| Susie | 1 | $31,479 | 115 | 4.88/5.0 |
| Justin | 1 | $27,591 | 39 | 4.67/5.0 |
| Ramon | 1 | $25,815 | 10 | 5.00/5.0 |
| Host #158892834 | 1 | $24,634 | 5 | 4.80/5.0 |
| Tom | 1 | $18,852 | 154 | 4.78/5.0 |
Analyzing the strategies of top hosts, such as their property selection, pricing, and guest communication, can offer valuable lessons for optimizing your own Airbnb operations in Elgin.
Dive Deeper: Advanced Elgin STR Market Data (2025)
Ready to unlock more insights? AirROI provides access to advanced metrics and comprehensive Airbnb data for Elgin. Explore detailed analytics beyond this report to refine your investment strategy, optimize pricing, and maximize your vacation rental profits.
Explore Advanced MetricsElgin Short-Term Rental Market Composition (2025): Property & Room Types
Room Type Distribution
Property Type Distribution
Market Composition Insights for Elgin
- The Elgin Airbnb market composition is heavily skewed towards Entire Home/Apt listings, which make up 74.2% of the 31 active rentals. This indicates strong guest preference for privacy and space.
- Looking at the property type distribution in Elgin, House properties are the most common (64.5%), reflecting the local real estate landscape.
- Houses represent a significant 64.5% portion, catering likely to families or larger groups.
- Smaller segments like hotel/boutique (combined 3.2%) offer potential for unique stay experiences.
Elgin Airbnb Room Capacity Analysis (2025): Bedroom Distribution
Distribution of Listings by Number of Bedrooms
Room Capacity Insights for Elgin
- The dominant room capacity in Elgin is 1 bedroom listings, making up 35.5% of the market. This suggests a strong demand for properties suitable for couples or solo travelers.
- Together, 1 bedroom and 3 bedrooms properties represent 51.6% of the active Airbnb listings in Elgin, indicating a high concentration in these sizes.
- A significant 32.2% of listings offer 3+ bedrooms, catering to larger groups and families seeking more space in Elgin.
Elgin Vacation Rental Guest Capacity Trends (2025)
Distribution of Listings by Guest Capacity
Guest Capacity Insights for Elgin
- The most common guest capacity trend in Elgin vacation rentals is listings accommodating 2 guests (29%). This suggests the primary traveler segment is likely couples or solo travelers.
- Properties designed for 2 guests and 8+ guests dominate the Elgin STR market, accounting for 51.6% of listings.
- 32.3% of properties accommodate 6+ guests, serving the market segment for larger families or group travel in Elgin.
- On average, properties in Elgin are equipped to host 3.5 guests.
Elgin Airbnb Booking Patterns (2025): Available vs. Booked Days
Available Days Distribution
Booked Days Distribution
Booking Pattern Insights for Elgin
- The most common availability pattern in Elgin falls within the 271-366 days range, representing 38.7% of listings. This suggests many properties have significant open periods on their calendars.
- Approximately 67.7% of listings show high availability (181+ days open annually), indicating potential for increased bookings or specific owner usage patterns.
- For booked days, the 91-180 days range is most frequent in Elgin (35.5%), reflecting common guest stay durations or potential owner blocking patterns.
- A notable 32.3% of properties secure long booking periods (181+ days booked per year), highlighting successful long-term rental strategies or significant owner usage.
Elgin Airbnb Minimum Stay Requirements Analysis
Distribution of Listings by Minimum Night Requirement
1 Night
10 listings
34.5% of total
2 Nights
3 listings
10.3% of total
3 Nights
5 listings
17.2% of total
4-6 Nights
2 listings
6.9% of total
7-29 Nights
1 listings
3.4% of total
30+ Nights
8 listings
27.6% of total
Key Insights
- The most prevalent minimum stay requirement in Elgin is 1 Night, adopted by 34.5% of listings. This highlights the market's preference for shorter, flexible bookings.
- A significant segment (27.6%) caters to monthly stays (30+ nights) in Elgin, pointing to opportunities in the extended-stay market.
Recommendations
- Align with the market by considering a 1 Night minimum stay, as 34.5% of Elgin hosts use this setting.
- Explore offering discounts for stays of 30+ nights to attract the 27.6% of the market seeking extended stays.
- Adjust minimum nights based on seasonality – potentially shorter during low season and longer during peak demand periods in Elgin.
Elgin Airbnb Cancellation Policy Trends Analysis (2025)
Flexible
2 listings
7.7% of total
Moderate
5 listings
19.2% of total
Firm
9 listings
34.6% of total
Strict
10 listings
38.5% of total
Cancellation Policy Insights for Elgin
- The prevailing Airbnb cancellation policy trend in Elgin is Strict, used by 38.5% of listings.
- A majority (73.1%) of hosts in Elgin utilize Firm or Strict policies, indicating a market where hosts prioritize booking security.
Recommendations for Hosts
- Consider adopting a Strict policy to align with the 38.5% market standard in Elgin.
- With 38.5% using Strict terms, this is a viable option in Elgin, particularly for high-value properties or during peak demand periods.
- Regularly review your cancellation policy against competitors and market demand shifts in Elgin.
Elgin STR Booking Lead Time Analysis (2025)
Average Booking Lead Time by Month
Booking Lead Time Insights for Elgin
- The overall average booking lead time for vacation rentals in Elgin is 45 days.
- Guests book furthest in advance for stays during June (average 70 days), likely coinciding with peak travel demand or local events.
- The shortest booking windows occur for stays in July (average 37 days), indicating more last-minute travel plans during this time.
- Seasonally, Fall (55 days avg.) sees the longest lead times, while Winter (38 days avg.) has the shortest, reflecting typical travel planning cycles.
Recommendations for Hosts
- Use the overall average lead time (45 days) as a baseline for your pricing and availability strategy in Elgin.
- For June stays, consider implementing length-of-stay discounts or slightly higher rates for bookings made less than 70 days out to capitalize on advance planning.
- Target marketing efforts for the Fall season well in advance (at least 55 days) to capture early planners.
- Monitor your own booking lead times against these Elgin averages to identify opportunities for dynamic pricing adjustments.
Popular & Essential Airbnb Amenities in Elgin (2025)
Amenity Prevalence
Amenity Insights for Elgin
- Essential amenities in Elgin that guests expect include: Hot water, Smoke alarm, Heating, Wifi, Carbon monoxide alarm, Air conditioning. Lacking these (any) could significantly impact bookings.
- Popular amenities like Essentials, Free parking on premises, TV are common but not universal. Offering these can provide a competitive edge.
Recommendations for Hosts
- Ensure your listing includes all essential amenities for Elgin: Hot water, Smoke alarm, Heating, Wifi, Carbon monoxide alarm, Air conditioning.
- Prioritize adding missing essentials: Air conditioning.
- Consider adding popular differentiators like Essentials or Free parking on premises to increase appeal.
- Highlight unique or less common amenities you offer (e.g., hot tub, dedicated workspace, EV charger) in your listing description and photos.
- Regularly check competitor amenities in Elgin to stay competitive.
Elgin Airbnb Guest Demographics & Profile Analysis (2025)
Guest Profile Summary for Elgin
- The typical guest profile for Airbnb in Elgin consists of primarily domestic travelers (92%), often arriving from nearby Chicago, typically belonging to the Post-2000s (Gen Z/Alpha) group (50%), primarily speaking English or Spanish.
- Domestic travelers account for 92.3% of guests.
- Key international markets include United States (92.3%) and Mexico (1.8%).
- Top languages spoken are English (60.5%) followed by Spanish (14.1%).
- A significant demographic segment is the Post-2000s (Gen Z/Alpha) group, representing 50% of guests.
Recommendations for Hosts
- Target domestic marketing efforts towards travelers from Chicago and New York.
- Tailor amenities and listing descriptions to appeal to the dominant Post-2000s (Gen Z/Alpha) demographic (e.g., highlight fast WiFi, smart home features, local guides).
- Highlight unique local experiences or amenities relevant to the primary guest profile.
- Consider seasonal promotions aligned with peak travel times for key origin markets.
Nearby Short-Term Rental Market Comparison
How does the Elgin Airbnb market stack up against its neighbors? Compare key performance metrics like average monthly revenue, ADR, and occupancy rates in surrounding areas to understand the broader regional STR landscape.
| Market | Active Properties | Monthly Revenue | Daily Rate | Avg. Occupancy |
|---|---|---|---|---|
| Town of Sugar Creek | 17 | $8,213 | $658.36 | 50% |
| Twin Lakes | 26 | $6,719 | $515.43 | 45% |
| Monona | 30 | $6,487 | $494.37 | 54% |
| Town of Wilson | 13 | $6,118 | $585.55 | 38% |
| Summit | 10 | $5,464 | $466.57 | 39% |
| Lake Geneva | 167 | $4,958 | $408.65 | 44% |
| Lake Villa | 10 | $4,889 | $294.85 | 57% |
| Town of Holland | 15 | $4,859 | $413.57 | 50% |
| McHenry | 31 | $4,820 | $436.41 | 44% |
| Morris | 10 | $4,502 | $256.46 | 48% |