Airbnb Market Analytics, Statistics and Data in Oak Park, Illinois, United States

Last updated: 2025-01-31

Looking to make more money with hosting or rental arbitraging Airbnbs, short-term rentals, vacation rentals in Oak Park? AirROI have just the data insights! Over the last twelve months from February 2024 to January 2025, we've uncovered key trends and opportunities that successful hosts are leveraging in Oak Park:

Average Daily Rate

$154

Occupancy Rate

51.40%

Annual Revenue

$27,324

Revenue Growth YoY

5.37%

Best Month

June

Worst Month

January

Regulation

Low

Active Listings

214

How much do Airbnb hosts make on average per month in Oak Park?

The short-term rental market in Oak Park shows distinct revenue patterns across different property tiers. Our analysis reveals that successful properties combine strategic pricing with quality management to maximize earnings potential. Market data demonstrates clear revenue differentiation among properties:

Typical properties (median) earn $2,506 per month
Strong performing properties (top 25%) make $3,747 or more
Best-in-class properties (top 10%) achieve $5,712+ monthly
Entry-level properties (bottom 25%) typically earn around $1,245

Revenue Variations by Month

Occupancy Rates Throughout the Year in Oak Park

The market in Oak Park shows distinct occupancy patterns influenced by seasonal trends and local dynamics. Properties that maintain high guest satisfaction scores and implement strategic pricing consistently achieve stronger occupancy rates. Current market data shows:

Typical properties (median) maintain 55% occupancy rates
Strong performing properties (top 25%) achieve 74% or higher
Best-in-class properties (top 10%) reach 87%+occupancy
Entry-level properties (bottom 25%) average around 31%

Occupancy Variations by Month

Average Daily Rates Seasonal Trends in Oak Park

Daily rates in Oak Park vary based on seasonality, property quality, and market dynamics. Properties that effectively balance competitive pricing with strong amenities typically command higher rates. Market analysis shows the following rate structure:

Typical properties (median) generate $125 per night
Strong performing properties (top 25%) secure $187 or more
Best-in-class properties (top 10%) pull in $320+ per night
Entry-level properties (bottom 25%) earn around $81

Daily Rate Variations by Month

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Seasonality patterns in Oak Park

Peak Season (June, August, May)

Revenue peaks at $3813.35 per month
Occupancy rates reach 65.35%
Daily rates average $180.06

Shoulder Season

Revenue averages $2935.45 per month
Occupancy maintains 52.57%
Daily rates hold at $166.88

Low Season (December, February, January)

Revenue drops to $1825.29 per month
Occupancy decreases to 36.59%
Daily rates adjust to $152.87

Is it still profitable to do Airbnb in Oak Park in 2025?

Yes! Oak Park demonstrates highly seasonal trends requiring strategic adaptation, featuring a healthy occupancy rate of 53% and strong monthly revenue averaging $2935 and With 214 active listings, the market shows established demand while maintaining room for growth. There's also room for profit through rental arbitrage strategies, if you can identify competitively priced properties. To maximize your return on investment, consider employing the following strategies:

Peak Season Strategy

Implement premium seasonal pricing strategies
Set longer minimum stay requirements during high-demand periods
Enforce stricter cancellation policies

Shoulder Season Strategy

Maintain competitive market-based pricing
Offer moderate-length stay incentives
Target a mix of leisure and business travelers with flexible booking terms
Focus on weekend getaway packages and mid-week business traveler promotions

Low Season Strategy

Adjust pricing to remain competitive in the market
Target different guest segments (business travelers, long-term stays, holiday visitors, event attendees, remote workers)
Create targeted promotional campaigns to drive occupancy

Top Places to Start Airbnb in Oak Park

Area	Why Choose This Area	Key Attractions
Frank Lloyd Wright Historic District	A unique area renowned for its stunning architecture and historic significance. Attracts architecture enthusiasts and tourists interested in American history.	Frank Lloyd Wright Home and Studio, Unity Temple, Oak Park Art League, Ernest Hemingway Birthplace Museum, Austin Gardens
Oak Park Village Center	The bustling heart of Oak Park with shops, restaurants, and entertainment options. Ideal for guests looking for urban amenities and local culture.	Oak Park Public Library, Lake Theatre, Dining and shopping on Lake Street, Metra train station, Scoville Park
Scoville Park	A picturesque park area that offers a tranquil environment with easy access to local attractions. Great for families and those seeking outdoor spaces.	Scoville Park, Oak Park Farmers Market, Massachusetts Avenue
Hemingway District	Celebrated for being the birthplace of Ernest Hemingway, attracting literature lovers and history buffs. Features cultural landmarks and cozy cafes.	Ernest Hemingway Museum, Elmwood Cemetery, Local bookstores and cafes
Austin Gardens	A large park that provides a recreational area for families and outdoor enthusiasts. Offers various activities and is close to residential areas.	Oak Park Conservatory, Pavilion and event space, Walking trails and playgrounds
Ridgeland Avenue Historic District	Known for its historic homes and charming streets, appealing to guests who appreciate architecture and quiet neighborhoods.	Historic mansions, Local dining options, Nearby public transport access
Lombard Street Area	A quiet, family-friendly neighborhood that provides a relaxed atmosphere while being close to shops and restaurants. Ideal for long-term renters and families.	Shopping on Roosevelt Road, Nearby parks and schools, Community events and local markets
River Forest	Just north of Oak Park, River Forest is a suburban oasis close to parks and high-quality schools, attracting families and professionals.	Thyssen-Bornemisza Museum, Local parks, River Forest Historical Society

Do you need a license for Airbnb in Oak Park?

$327.21

Daily Rate

Top Performing Professional Hosts in Oak Park

Host Name	Properties	Grossing Revenue	Stay Reviews	Avg Rating
Matthew	3	$258,629	163	4.95/5.0
Evolve	5	$256,330	173	4.66/5.0
Anne	6	$241,763	1818	4.87/5.0
Ali	7	$226,111	230	4.02/5.0
Michael	4	$205,451	208	4.93/5.0
Jim And Emma	37	$185,428	627	3.34/5.0
Kevin	17	$166,404	528	4.55/5.0
Gabriela	2	$158,912	112	4.95/5.0
Tony	3	$158,559	144	4.89/5.0
Kettil And Caroline	3	$158,248	219	4.94/5.0

Additional analytics on vacation rental, real estate, short term rental data in Oak Park

AirROI also have other key metrics and comprehensive data for your vacation rental, real estate needs. Go explore the advanced metrics that can help you make informed decisions:

Show Advanced Metrics

Room Type Distribution

Property Type Distribution

Key Insights

Market dominated by entire home listings (74.3%), with apartment & condo and house properties comprising 93.9% of inventory
Untapped potential in boutique & hotels, others segments (6.1% combined)

Room Capacity Distribution

Analysis of 214 properties in Oak Park shows that 2 bedrooms properties are most prevalent, making up 29.9% of the market. The market tends to favor smaller properties, with 2 bedrooms and 1 bedroom together representing 57.5% of all listings.

Key Insights

Most common: 2 bedrooms (29.9%)
Least common: 5+ bedrooms (2.3%)
Market concentration: 57.5% in top 2 sizes
Market skew: Favors smaller properties

Guest Capacity Distribution

Analysis of 214 properties in Oak Park reveals that 4 guests properties dominate the market, representing 17.3% of all listings. The average property accommodates 3.9 guests, with a clear trend towards larger guest capacities. Properties accommodating 4 guests and 6 guests make up 33.2% of the market.

Key Insights

Most common capacity: 4 guests (17.3% of market)
Least common capacity: 1 guest (1.9% of market)
Average guest capacity: 3.9 guests per property
Market concentration: 33.2% in top 2 capacity sizes
Market segmentation: Predominantly larger guest capacities

Booking and Availability Patterns

Available Days Distribution

Booked Days Distribution

Among 214 properties in Oak Park, the most common availability pattern is 91-180 days (32.7% of properties). For actual bookings, properties most frequently secure bookings for 181-270 days (32.7% of properties).

Key Insights

Most common availability window: 91-180 days (32.7%)
Most common booking duration: 181-270 days (32.7%)
Properties with high availability (180+ days): 53.3%
Properties with long-term bookings (180+ days): 49.1%

Minimum Stay Distributions

1 Night (39.4%)

1 Night

76 listings

39.4% of total

2 Nights (31.1%)

2 Nights

60 listings

31.1% of total

3 Nights (8.8%)

3 Nights

17 listings

8.8% of total

4-6 Nights (4.7%)

4-6 Nights

9 listings

4.7% of total

7-29 Nights (1.6%)

7-29 Nights

3 listings

1.6% of total

30+ Nights (14.5%)

30+ Nights

28 listings

14.5% of total

Key Insights

Short stays (1-2 nights) dominate the market at 70.5%
Mid-length stays (4-6 nights) represent 4.7% of listings
Monthly+ stays (14.5%) suggest a stable extended-stay market
High market flexibility with 79.3% accepting 3 nights or less

Recommendations

Set minimum stays between 2-3 nights to align with market standards
Adjust minimum stays seasonally based on demand patterns
Consider monthly stay discounts to capture the growing extended-stay market
Implement different minimum stays for weekends vs. weekdays

Cancellation Policy Distribution

Non-refundable (0.5%)

Non-refundable

1 listings

0.5% of total

Super Strict 30 Days (2.7%)

Super Strict 30 Days

5 listings

2.7% of total

Refundable (0.5%)

Refundable

1 listings

0.5% of total

Flexible (16.1%)

Flexible

30 listings

16.1% of total

Moderate (25.3%)

Moderate

47 listings

25.3% of total

Firm (16.1%)

Firm

30 listings

16.1% of total

Strict (38.7%)

Strict

72 listings

38.7% of total

Key Insights

Strict is the preferred policy at 38.7% of listings
The market shows a balanced distribution between guest-friendly (41.4%) and strict (54.8%) policies
Strong market consensus around Strict policies
Refundable policies are least common at 0.5% of listings

Recommendations

Market supports various policies - choose based on your property type and target guests
Strong market preference for Strict policies suggests this should be your baseline

Booking Lead Time Trends

Key Insights

Peak booking lead times occur in Jul, Jun, May, averaging 52 days
Shortest booking windows are in Nov, Feb, Jan, averaging 33 days
Summer shows the longest average booking window at 52 days, while Winter has the shortest at 35 days

Recommendations

Implement dynamic pricing strategies for Summer bookings at least 52 days in advance
Consider early bird discounts during Winter to encourage longer lead times
Focus on last-minute booking promotions during Nov-Jan when lead times are shortest

Popular Airbnb Amenities in Oak Park

Every property in Oak Park comes standard with Wifi. Below shows the distribution of other amenities:

Traveler Demographics

Guest Origin Distribution

Top 5 Cities of Origin

Top 5 Countries of Origin

Top 5 Languages Spoken

Age Distribution

Key Insights

Domestic travelers make up 87.6% of total guests, indicating a dominant local market share.
Primary international markets: Canada (2.7%) and United Kingdom (1.3%)
English is the top language at 72.8%, followed by Spanish (17.5%)
Notable demographic segment in <=1950s (Pre-1950s (Silent Gen)) at 9.1%

Recommendations

Target marketing campaigns for Chicago and New York markets
Develop localized content for Canada and United Kingdom
Prioritize English and Spanish language support
Tailor experiences for Pre-1950s (Silent Gen) while maintaining broad age appeal
Implement seasonal promotions aligned with key market travel patterns

Nearby Markets

Explore short-term rental performance in markets surrounding Oak Park. These nearby markets offer diverse opportunities for property investors and hosts:

Market	Properties	Monthly Revenue	Daily Rate	Occupancy
Town of Sugar Creek	17	$8,462	$656.67	50%
Twin Lakes	29	$6,383	$496.08	43%
Fennville	10	$6,263	$405.22	45%
Laketown Township	62	$5,780	$469.60	46%
Saugatuck Township	145	$5,624	$488.80	43%
Town of Geneva	50	$5,456	$390.81	47%
Lake Geneva	166	$5,240	$423.13	44%
McHenry	33	$5,151	$479.42	45%
Ganges Township	73	$5,026	$496.32	36%
Lake Villa	10	$5,010	$301.45	58%

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