Dekalb, Illinois Short-Term Rental Market Overview

Population: Still gathering data
Annual Visitors: Still gathering data
Total STRs: 45
ADR: $172.00

Visitor Profile

DeKalb, Illinois, is emerging as a notable destination for tourists, attracting approximately 1.1 million visitors annually. The visitor demographic is diverse, with a significant portion being families and young adults, primarily aged 25-44. The main reasons for visiting include attending events at Northern Illinois University, exploring local attractions, and participating in outdoor activities. The economic impact of tourism in DeKalb is substantial, contributing around $123 million in 2023, which underscores the importance of this sector to the local economy. With a growing number of visitors, the tourism market in DeKalb is poised for continued growth, benefiting local businesses and the community at large.

In terms of visitor statistics, DeKalb County’s tourism generated $123 million in 2023, as reported by Shaw Local. The primary demographic of visitors includes college students, families, and tourists interested in cultural and historical experiences. The average length of stay for visitors is typically around two to three days, with peak seasons occurring during the summer months and major university events. Visitors are drawn to attractions such as the DeKalb Area Agricultural Heritage Association and the historic Egyptian Theatre, which enhance the area’s appeal. According to the Northern Star, the growth in tourism has led to record economic benefits for the region, indicating a thriving market for STR operators. As DeKalb continues to develop its tourism infrastructure, the potential for increased visitor numbers and economic contributions remains promising. For more information on tourism in DeKalb, visit the official tourism resources and reports available at https://northernstar.info/107689/news/dekalb-tourism-contributes-to-record-economic-growth/ and https://www.shawlocal.com/daily-chronicle/2024/08/27/hoey-dekalb-county-tourism-generated-123m-in-2023/.

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Top Attractions

Dekalb, Illinois, is a hidden gem that offers a rich tapestry of attractions for visitors of all ages. Known for its vibrant community and historical significance, Dekalb is home to the renowned Northern Illinois University, which adds a youthful energy to the city. Among its many attractions, the DeKalb County History Center stands out, providing insights into the region’s past through engaging exhibits and programs. Additionally, the picturesque River Heights Golf Course invites both seasoned golfers and beginners to enjoy its scenic views and well-maintained greens. With a variety of experiences ranging from cultural explorations to outdoor activities, Dekalb is a destination that promises memorable adventures for everyone.

One of the top attractions in Dekalb is the DeKalb County History Center, where visitors can delve into local history through interactive displays and artifacts. The center also hosts various educational programs throughout the year. For more information, visit their official website. Another must-see is the Ellwood House Museum, a beautifully preserved Victorian mansion that offers guided tours showcasing the life of the Ellwood family and the architectural beauty of the era. The museum’s grounds are perfect for a leisurely stroll. For outdoor enthusiasts, the River Heights Golf Course provides a relaxing atmosphere with its lush fairways and challenging holes, making it a great spot for a day out. For a comprehensive list of attractions, check out the tourist attractions in DeKalb County on Wikipedia. Whether you’re a history buff, a nature lover, or just looking for fun things to do, Dekalb has something for everyone. Explore more ideas at Wango Kart and Wondrous Drifter for the best experiences in Dekalb.

Regulations

Dekalb, Illinois, has established specific regulations for short-term rentals to ensure safety, compliance, and community standards. Property owners looking to operate short-term rentals must obtain a license from the city, which includes submitting an application and paying a fee. Additionally, hosts are required to collect a hotel/motel tax, currently set at 5%, which must be remitted to the city on a quarterly basis. Zoning restrictions apply, meaning that not all properties may qualify for short-term rental use. Safety requirements, including smoke detectors and carbon monoxide detectors, must be met to ensure guest safety. Understanding these regulations is crucial for property owners to avoid penalties, which can include fines or revocation of the rental license. For a comprehensive overview of Dekalb short-term rental regulations, continue reading.

Key requirements for operating a short-term rental in Dekalb include obtaining a rental license, which is essential for legal operation. The application process involves submitting necessary documentation and paying the associated fees. Property owners must also adhere to local zoning laws, which dictate where short-term rentals can be located. Safety regulations mandate that all rentals are equipped with smoke detectors and carbon monoxide detectors to protect guests. Failure to comply with these regulations can result in penalties, including fines and potential loss of the rental license. For more detailed information, visit the City of Dekalb’s official website (https://www.cityofdekalb.com) and review the municipal code (https://library.municode.com/il/dekalb/codes/code_of_ordinances). Understanding these Dekalb short-term rental regulations is essential for successful and compliant property management.

Vacation Rental Market Overview for Dekalb

Dekalb attracts visitors with its urban amenities and entertainment and adventure sports and activities. 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.

Dekalb, Illinois Market Performance Trends

LTM Avg. Daily Rate$170.00
LTM Occupancy Rate43.3%
LTM Avg. Revenue$1,503

Short-Term Rental Market Performance Analysis for Dekalb

The short-term rental market in Dekalb 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: mature market with optimized pricing patterns

Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.

Dekalb, Illinois Housing Market Data

Home Value Trends

Market Overview

  • Typical Home Value:$252,252
  • Median Sale Price:$267,666
  • Median List Price:$289,050

Current Inventory

  • Homes For Sale:62
  • New Listings:33

Detailed Market Analysis

The average home value in Dekalb, IL is $252,252, up 6.6% over the past year. Learn more about the Dekalb housing market and real estate trends.

Real Estate Market Analysis for Dekalb, Illinois

The residential real estate market in Dekalb, Illinois presents unique opportunities for investors and homebuyers alike. Current market dynamics show balanced market conditions with accessible entry points with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.

Key Market Factors

Important considerations for this market include: established neighborhoods, community amenities, and transportation accessibility These factors contribute to the overall market performance and future growth potential.

Real estate investments in Dekalb, Illinois benefit from diverse property options and stable neighborhood development. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.

Dekalb, Illinois Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:85.7% Booked
  • 4-6 Months:31.8% Booked
  • 7-9 Months:11.1% 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 Dekalb

Dekalb 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 balanced approach between flexibility and stability. 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.

Dekalb, Illinois Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Amenity data is not available for this location.

Guest Rating Highlights

    Vacation Rental Property Types in Dekalb

    The vacation rental market in Dekalb 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 concentration in 2-3 bedroom properties ideal for small groups. 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.

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