Paris, IL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

9 / 16

Reliable / Active

Cap Rate

21%

Middle-Earners Gross Yield

Revenue

$22,969

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$107,607

Median Home Sale Price

Top Earners

$41,795

Top-Earners Revenue

Paris

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Paris.

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C

Challenging to Investors

Paris Regulations

STRs are legal but burdened by mandatory city registration, a 120‑night cap for primary homes (mayors can lower to 90 nights from 2025), and, for secondary homes, a change‑of‑use authorization plus a costly compensation payment. Noncompliance triggers steep fines and administrative penalties, and condo boards can prohibit STRs with a two‑thirds vote, creating significant compliance and investment risk.

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About Paris

Paris, Illinois is a small city in east-central Illinois that serves as the county seat of Edgar County. With a population of roughly 8,000 residents, it carries the feel of a traditional Midwestern county seat, anchored by a historic downtown square and surrounded by the farmland of the Wabash River valley. The city sits about 20 miles west of the Illinois-Indiana border, with Terre Haute, Indiana as the nearest larger city just across the state line. Paris is best known regionally for its annual hot air balloon festival, Balloons Over Paris, and for its convenient position as a stopping point between larger Midwest destinations.

The Edgar County Courthouse and the surrounding downtown square form the civic heart of Paris and one of its most recognizable features. The square is a classic Midwestern town center lined with locally owned shops, cafes, and small businesses, and the courthouse itself is a historic landmark that has watched over the city for more than a century. Visitors can stroll the square, browse the local businesses, and get a genuine sense of small-town Illinois life in a setting that has changed little over the decades.

A short drive southeast of Paris, Lincoln Trail State Park offers outdoor recreation for travelers looking to enjoy nature. Located near Marshall, Illinois, roughly 30 minutes from the city, the park features a lake for fishing and boating, miles of hiking trails, picnic areas, and a campground. Named for the historic route Abraham Lincoln's family followed as they moved westward, the park is a popular weekend destination and a convenient escape for guests staying in Paris.

Also in Clark County, Red Hills State Park provides another nearby option for hiking, camping, and wildlife watching. Roughly 30 to 40 minutes from Paris, the park is known for its dense woodlands, scenic overlooks, and quieter atmosphere compared to the more heavily used parks further north. The rolling terrain and fall foliage make it a favorite of local visitors, and the short drive makes it easy to combine a visit with a stay in Paris.

For travelers interested in a larger urban experience, Terre Haute, Indiana lies about 20 minutes to the east across the state line. The city offers a university, museums, dining, and shopping that complement the more pastoral setting of Paris, while the surrounding Edgar County countryside is dotted with rural roads, farm markets, and historic sites tied to early Illinois settlement.

Paris, Illinois combines the quiet charm of a small Midwestern county seat with surprisingly easy access to outdoor recreation and cross-border travel. Its compact downtown, friendly community character, and proximity to state parks, the Wabash Valley, and Terre Haute make it an appealing base for short-term rentals. Guests who choose Paris can enjoy a relaxed rural setting while still being within a short drive of hiking, fishing, historic landmarks, and a wider range of cultural amenities just across the Indiana border.

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