Evanston, IL
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Evanston short-term rental market based on reliable data.
Listings
134 / 401
Reliable / Active
Cap Rate
8%
Middle-Earners Gross Yield
Revenue
$37,430
Middle-Earners Revenue
Occupancy
65%
Middle-Earners Occupancy
Home Value
$450,551
Median Home Sale Price
Top Earners
$67,648
Top-Earners Revenue
Evanston
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Evanston.
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Challenging to Investors
Evanston Regulations
Evanston has a temporary moratorium suspending new STR licenses while stricter rules are developed—likely including strict ward caps (35 per ward), higher fees, inspections, and tighter limits on non‑owner‑occupied units—raising compliance and regulatory risk for investors.
Local STR Agent
STR specialist · Evanston, IL
About Evanston
Evanston ( EV-ən-stən) is a city in Cook County, Illinois, United States, situated on the North Shore along Lake Michigan. A suburb of Chicago, Evanston is 12 miles (19 km) north of Downtown Chicago, bordered by Chicago to the south, Skokie to the west, Wilmette to the north, and Lake Michigan to the east. Evanston had a population of 78,110 as of 2020.Founded by Methodist business leaders in 1857, the city was incorporated in 1863. Evanston is home to Northwestern University, founded in 1851 before the city's incorporation, one of the world's leading research universities. Today known for its ethnically diverse population, Evanston is heavily shaped by the influence of Chicago, externally, and Northwestern, internally. The city and the university share a historically complex long-standing relationship.