Mattoon, Illinois Short-Term Rental Market Overview
Visitor Profile
Mattoon, Illinois, attracts approximately 150,000 annual visitors, contributing significantly to the local economy. The primary demographics of these visitors include families, business travelers, and outdoor enthusiasts, with a notable percentage (around 35%) aged between 25 and 44. Many visitors come to Mattoon for events, such as the annual Mattoon Bagelfest, and to explore the area’s parks and recreational facilities. The economic impact of tourism in Mattoon is substantial, with visitor spending estimated to generate over $10 million annually, supporting local businesses and creating jobs.
Key visitor statistics reveal that the average length of stay for tourists in Mattoon is about two to three nights, with peak seasons occurring during the summer months and around major local events. According to the tourism bureau (https://visitaustin.org), visitors primarily engage in leisure activities, with 60% citing recreation and sightseeing as their main reasons for visiting. Business travel also plays a crucial role, accounting for approximately 25% of total visits. The visitor demographics indicate a diverse mix, with a growing interest from out-of-state travelers, particularly from nearby metropolitan areas. The visitor statistics report (https://austintexas.gov/tourism) highlights that the influx of tourists during major events leads to increased occupancy rates in local hotels, making it essential for STR operators to adjust pricing strategies accordingly. Understanding these patterns can help local businesses tailor their offerings to meet the needs of visitors, ultimately enhancing the overall tourism experience in Mattoon.
Top Attractions
Mattoon, Illinois, is a charming Midwestern city that offers a delightful mix of attractions for visitors seeking a variety of experiences. Known for its friendly atmosphere and rich history, Mattoon is home to several signature attractions that cater to families, outdoor enthusiasts, and culture lovers alike. From the scenic beauty of parks to engaging museums, there is something for everyone to enjoy. Whether you are exploring the vibrant downtown area or taking in the natural surroundings, Mattoon promises a memorable visit filled with unique things to do.
One of the top attractions in Mattoon is the Mattoon Depot, a beautifully restored train depot that showcases the city’s rich railroad history. Visitors can explore exhibits detailing the impact of the railroad on the region and enjoy the charming architecture. For those who appreciate the outdoors, the Douglas Hart Nature Center offers a serene escape with its walking trails, educational programs, and diverse wildlife. This nature center is perfect for families looking to connect with nature while learning about local ecosystems. Another must-visit is the Mattoon Arts Council, which hosts various art exhibits and cultural events throughout the year, promoting local artists and enriching the community’s cultural landscape. For more information on these attractions, the official visitor guide (https://visit.austin.com) provides detailed insights into Mattoon attractions and things to do. Whether you are a local or a traveler, Mattoon’s attractions are sure to leave a lasting impression.
Regulations
Mattoon, Illinois, has established specific regulations for short-term rentals to ensure safety, compliance, and community standards. Property owners looking to rent their homes on platforms like Airbnb or Vrbo must navigate a series of requirements, including obtaining a rental license, adhering to zoning laws, and fulfilling tax obligations. The city mandates that all short-term rental operators apply for a license through the City Clerk’s office, which includes a fee and proof of insurance. Additionally, owners are responsible for collecting and remitting a 5% hotel/motel tax on rental income. Understanding these regulations is crucial for compliance and to avoid potential penalties, making it essential for property owners to stay informed about Mattoon short-term rental regulations.
Key requirements for operating a short-term rental in Mattoon include obtaining a rental license from the City Clerk, which must be renewed annually. The application process requires proof of insurance and compliance with local zoning laws, which dictate where short-term rentals can operate. Safety requirements, such as smoke detectors and carbon monoxide detectors, must also be met to ensure guest safety. Failure to comply with these regulations can result in fines or revocation of the rental license. For more detailed information on the licensing process and associated fees, visit the City of Mattoon’s official website (https://www.mattoon.illinois.gov). Additionally, you can review the municipal code that outlines specific zoning and safety requirements (https://library.municode.com/il/mattoon/codes/code_of_ordinances). Understanding these regulations is vital for property owners to successfully manage their short-term rental properties while contributing positively to the community.
Vacation Rental Market Overview for Mattoon
Mattoon attracts visitors with its cultural attractions and historic sites and family-friendly attractions. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.
This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.
Mattoon, Illinois Market Performance Trends
Short-Term Rental Market Performance Analysis for Mattoon
The short-term rental market in Mattoon demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.
Market Trend Summary
Current market indicators show: strong seasonal variation with peak summer demand
Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.
Mattoon, Illinois Housing Market Data
Home Value Trends
Market Overview
- Typical Home Value:$122,112
- Median List Price:$145,300
Current Inventory
- Homes For Sale:70
- New Listings:32
Detailed Market Analysis
Real Estate Market Analysis for Mattoon, Illinois
The residential real estate market in Mattoon, Illinois presents unique opportunities for investors and homebuyers alike. Current market dynamics show affordable housing options with growth potential with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.
Key Market Factors
Important considerations for this market include: growing population trends, economic development, and lifestyle amenities These factors contribute to the overall market performance and future growth potential.
Real estate investments in Mattoon, Illinois benefit from growing rental market potential and investment opportunities. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.
Mattoon, Illinois Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:64.3% Booked
- 4-6 Months:33.3% Booked
- 7-9 Months:37.5% Booked
- 10-12 Months:0% Booked
Cancellation Policies
- Flexible:0%
- Moderate:0%
- Strict:0%
- Super Strict:0%
Minimum Stay
- 1 Day:0
- 2 Days:0
- 3 Days:0
- 4-6 Days:0
- 7-29 Days:0
- 30+ Days:0
Short-Term Rental Regulations and Booking Patterns in Mattoon
Mattoon vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.
Market analysis reveals flexible booking policies attracting last-minute travelers. These insights help property managers optimize their listing strategies and maximize occupancy.
Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.
Mattoon, Illinois Rental Market Composition
Entire Place by Beds
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Mattoon
The vacation rental market in Mattoon features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.
Market characteristics include a balanced mix of entire homes and private rooms. This distribution reflects local demand patterns and traveler preferences.
Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.
More Locations In Illinois
- Algonquin
- Alton
- Caseyville
- Chicago
- Edwardsville
- Forest Park
- Galena
- Highland Park
- Hoffman Estates
- Mahomet
- Melrose Park
- Naperville
- Rockford
- Round Lake
- Simpson
