Performance indicators for the Marion short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Marion.
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Challenging to Investors
Marion explicitly permits STRs citywide with a clear licensing framework, but the required $250 annual license, twice‑yearly inspections at $50 each, 3% hotel tax with monthly reporting and late penalties, and mandatory tax registration create moderate compliance costs and operational burden; while there are no stated caps, the combination of fees and reporting makes compliance challenging enough to lower the friendliness grade.
Local STR Agent
STR specialist · Marion, IL
Marion is a city in Williamson County, Illinois, United States, and is the county seat of Williamson County. The population was 16,855 at the 2020 census. It is part of a dispersed urban area that developed out of the early 20th-century coal fields. Today Marion serves as the largest retail trade center in Southern Illinois with its central location along Interstate 57 and Illinois Route 13. It was dubbed the "Hub of the Universe" by former mayor Robert L. Butler. The city is part of the Marion-Herrin Micropolitan Area and is a part of the Carbondale-Marion-Herrin, Illinois Combined Statistical Area with 123,272 residents, the sixth most populous Combined statistical area in Illinois.