Fairfield, IL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Fairfield short-term rental market based on reliable data.

Listings

20 / 31

Reliable / Active

Cap Rate

17%

Middle-Earners Gross Yield

Revenue

$20,196

Middle-Earners Revenue

Occupancy

65%

Middle-Earners Occupancy

Home Value

$117,780

Median Home Sale Price

Top Earners

$37,096

Top-Earners Revenue

Fairfield

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Fairfield.

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B

Generally Investor friendly

Fairfield Regulations

STRs appear generally permissible in Fairfield with no specific restrictive local ordinances identified, but high due diligence is required to verify zoning compliance and confirm no local permits/taxes apply. Standard state requirements (business registration, taxes, safety codes) are manageable, making this a viable market despite the regulatory uncertainty.

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About Fairfield

Fairfield is a small city in southeastern Illinois and serves as the county seat of Wayne County. With a population of approximately 5,000 residents, the community has the unhurried, neighborly character typical of rural Midwestern county seats, surrounded by a landscape of corn and soybean fields, wooded lowlands, and scattered farm reservoirs. The town functions as a regional hub for shopping, healthcare, and government services for the surrounding rural communities, and it is best known as a calm, central base for exploring the natural and historic corners of southeastern Illinois. It sits roughly 110 miles east of St. Louis, Missouri, and about 70 miles northwest of Evansville, Indiana, both of which are accessible for day trips.

The historic Wayne County Courthouse anchors the downtown square and remains one of the town's most recognizable landmarks. Built in the late 19th century and reflecting the classical revival style common to Illinois county seats of that era, the courthouse is an active center of civic life and a popular subject for visitors interested in small-town American architecture. The surrounding square, with its mix of locally owned shops and small businesses, gives visitors an easy place to stroll and get a feel for the community's everyday rhythm.

Just a short drive northwest of town, Sam Dale Lake State Fish and Wildlife Area provides a welcome introduction to the outdoor opportunities of the region. The site centers on a modest lake surrounded by woodlands and is managed for fishing, hunting, hiking, and wildlife observation. It is a favorite with local anglers and a relaxing destination for travelers looking to spend a few hours on the water or on the trails, and it represents the kind of quiet outdoor experience that defines much of the surrounding countryside.

For visitors willing to drive a bit farther, the broader region offers additional appeal. The Shawnee National Forest lies to the south and southwest, and the dramatic rock formations and overlooks of the Garden of the Gods Wilderness are within reach for a longer day trip. Closer to home, the backroads of Wayne and surrounding counties reveal a slower, agricultural side of Illinois that is easy to miss when passing through on the interstate, with covered bridges, historic churches, and the Little Wabash River landscape offering a genuine taste of the region's heritage.

Fairfield makes a compelling base for short-term rentals because it offers the affordability and quiet of small-town life while keeping travelers within easy reach of two mid-sized cities and a surprising variety of outdoor destinations. Its central location in southeastern Illinois, its classic courthouse square, and its proximity to lakes, forests, and river country give guests the chance to pair a relaxing stay with day trips in nearly any direction, making it a practical and appealing home base for exploring this often-overlooked corner of the Midwest.

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