Savanna, IL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

27 / 35

Reliable / Active

Cap Rate

17%

Middle-Earners Gross Yield

Revenue

$16,284

Middle-Earners Revenue

Occupancy

41%

Middle-Earners Occupancy

Home Value

$97,018

Median Home Sale Price

Top Earners

$34,091

Top-Earners Revenue

Savanna

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Savanna.

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A

Very Investor friendly

Savanna Regulations

Short-term rentals are explicitly permitted citywide with no special city permits or licenses, only basic zoning compliance and minimal 5% local hotel/motel tax with monthly reporting; there are no caps, owner‑occupancy mandates, or complex inspections, and the tone appears supportive of STR activity.

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About Savanna

Savanna is a small riverfront city in Carroll County in northwestern Illinois, set on the east bank of the upper Mississippi River and home to a population of roughly three thousand residents. It carries the feel of a traditional Mississippi River town, with a compact historic downtown, working-class roots, and a setting framed by wooded bluffs and big water. The community is best known as a launch point for outdoor recreation along the river, particularly hiking, biking, and wildlife watching, and it serves as a convenient base for travelers exploring the Driftless Area of the upper Midwest. It sits approximately 130 miles west of Chicago, about a two-and-a-half-hour drive, and roughly 75 miles northeast of the Quad Cities.

Just outside the city limits, Mississippi Palisades State Park draws visitors with dramatic limestone bluffs that rise sharply above the river, offering hiking trails, rock climbing routes, and overlooks that showcase one of the most scenic stretches of the upper Mississippi. The park is only a few minutes' drive from downtown Savanna and is widely considered the marquee natural attraction of the area, especially in fall when the bluffs light up with autumn color.

A second signature draw is the Great River Trail, a multi-use rail-trail that runs along the river corridor and connects Savanna to other Mississippi River communities. Cyclists and walkers can step onto the trail directly from town, making the city a natural overnight stop for long-distance bike tourists traveling between Chicago and the Quad Cities, as well as a weekend destination for casual riders looking for an easy scenic loop.

The area is also closely tied to the Upper Mississippi River National Wildlife and Fish Refuge, one of the largest riverine refuges in the country, which protects backwater sloughs, islands, and floodplain forests just offshore from Savanna. Paddlers, anglers, and birders use the refuge year-round, with bald eagles drawing especially strong crowds in the winter months.

Together, these features give Savanna a year-round rhythm of visitors, from summer cyclists and paddlers to autumn leaf-peepers and winter eagle watchers. For short-term-rental owners, the city offers an unusual combination of small-town affordability, genuine scenic appeal, and proximity to a major metropolitan source market in Chicago, positioning it well as a base for travelers who want to experience the river and the Driftless region without the crowds of larger gateway communities.

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