Effingham, IL
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Effingham short-term rental market based on reliable data.
Listings
28 / 51
Reliable / Active
Cap Rate
14%
Middle-Earners Gross Yield
Revenue
$31,964
Middle-Earners Revenue
Occupancy
55%
Middle-Earners Occupancy
Home Value
$225,141
Median Home Sale Price
Top Earners
$51,013
Top-Earners Revenue
Effingham
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Effingham.
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Challenging to Investors
Effingham Regulations
STRs are limited to a handful of commercial/industrial zoning districts, require a discretionary special use permit, and exclude most residential areas; compliance includes caps (4 permits per owner), inspections, detailed documentation, strict occupancy/stay limits, and in Lake Sara a $1k annual fee and enforceable fines—making investment challenging.
Local STR Agent
STR specialist · Effingham, IL
About Effingham
Effingham is a city in and the county seat of Effingham County, Illinois, United States. It is in South Central Illinois. Its population was 12,252 at the 2020 census. The city is part of the Effingham, IL Micropolitan Statistical Area. The city bills itself as "The Crossroads of Opportunity" because of its location at the intersection of two major Interstate highways: I-57 running from Chicago to Sikeston, Missouri, and I-70 running from Utah to Maryland. It is also served by U.S. Route 45, which runs from Ontonagon, Michigan to Mobile, Alabama, U.S. Route 40, the historic National Road, which stretches from Atlantic City, New Jersey to Silver Summit, Utah, and Illinois routes 32 and 33 also run through the city. It is also a major railroad junction, the crossing of the Illinois Central main line from Chicago to Memphis with the Pennsylvania Railroad line from Indianapolis to St. Louis. For this reason, Effingham has a much broader range of restaurants and lodging facilities than typical towns of its size.