Monmouth, IL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

30 / 43

Reliable / Active

Cap Rate

18%

Middle-Earners Gross Yield

Revenue

$19,620

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Home Value

$109,097

Median Home Sale Price

Top Earners

$32,829

Top-Earners Revenue

Monmouth

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Monmouth.

Loading top listings...

B

Generally Investor friendly

Monmouth Regulations

STRs appear permitted by default (no city/county STR ordinance), with no local caps or costly licensing—only standard Illinois state registrations (sales/use and transient-occupancy taxes) and general safety/tax compliance. The main constraints are the lack of explicit permissive wording and the need to verify any local business licensing, zoning, or lodging taxes with Monmouth/Warren County, creating moderate compliance diligence.

View Monmouth Regulations →

Local STR Agent

STR specialist · Monmouth, IL

Trusted Expert
Get Expert Help In Monmouth
Free consultation Response within 24h

About Monmouth

Monmouth is a small city in Warren County in western Illinois, with a population of roughly 9,000 residents. It serves as the county seat and has the character of a quiet Midwestern college town, anchored by Monmouth College, a private liberal arts institution founded in 1853. The city is also recognized as the birthplace of Wyatt Earp, the frontier lawman of the American West, who was born here in 1848. Located amid the rolling farmland of western Illinois, Monmouth sits about 45 miles south of the Quad Cities metropolitan area along the Mississippi River, which is the nearest major population center.

A central feature of the community is the campus of Monmouth College, a four-year liberal arts school known for its small class sizes, historic architecture, and longstanding civic role. The college draws students, families, and visitors throughout the academic year, particularly for athletic events, theatrical performances, and commencement weekends, which have traditionally supported demand for short-term lodging in town.

Monmouth also holds a place in Old West history as the birthplace of Wyatt Earp, and the city's connection to the Earp family is reflected in local historical markers and community programming. For travelers interested in 19th-century American history, the town offers a quieter, less-visited thread in the story of the American frontier that complements more heavily promoted sites further west.

The wider region places Monmouth within reach of outdoor and cultural offerings along the Mississippi River, which flows roughly 30 to 40 miles to the west. The Quad Cities, with their riverfront trails, performance venues, and museums, are less than an hour's drive to the north, while neighboring college towns such as Macomb, home of Western Illinois University, and Galesburg are within easy reach. The surrounding agricultural landscape and a walkable historic downtown give Monmouth the feel of a small, restful base for exploring western Illinois.

For prospective short-term rental owners, Monmouth presents a compact and predictable demand profile shaped by college-related visits, family travel, and travelers passing through the region. Its location between the Quad Cities and the central Illinois corridor, combined with its identity as a college town and its connection to American frontier history, gives it a steady, year-round appeal that lends itself to a focused rental strategy.

startup landing logo

Copyright © 2026 HomeRun Analytics, Inc

Explore

HomeCountry ExplorerProperty Analyzer

Resources

Market ComparatorRegulationsBlog

Trusted by STR investors in 50+ U.S. states

Built by investors, for investors

STRProfitMap® is a registered trademark of HomeRun Analytics, Inc