Park Ridge, Illinois Short-Term Rental Market
Quick Answer: Park Ridge, Illinois is an active short-term rental market. average occupancy in the Chicago market area is 76%. average monthly revenue in the Chicago market area is $5,299. average daily rate in the Chicago market area is $260.
Avg Monthly Revenue
$5,299
↑ 14.6% YoY
76%
Occupancy
↑ 3.5% YoY
$260
Avg Daily Rate
↑ 13.4% YoY
$198
RevPAR
↑ 17.3% YoY
Market data reflects the Chicago regional market, which includes Park Ridge. Regulations, taxes, and permit details below are specific to Park Ridge.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 48% | $113 | $1,612 |
| Feb | 56% | $114 | $1,623 |
| Mar | 62% | $135 | $2,234 |
| Apr | 61% | $141 | $2,344 |
| May | 69% | $169 | $3,096 |
| Jun | 73% | $190 | $3,704 |
| Jul | 72% | $174 | $3,479 |
| Aug | 68% | $176 | $3,340 |
| Sep | 66% | $162 | $2,905 |
| Oct | 64% | $158 | $2,824 |
| Nov | 56% | $142 | $2,262 |
| Dec | 55% | $133 | $2,072 |
Investment Analysis
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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