Shelbyville, IL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

37 / 54

Reliable / Active

Cap Rate

16%

Middle-Earners Gross Yield

Revenue

$24,790

Middle-Earners Revenue

Occupancy

55%

Middle-Earners Occupancy

Home Value

$154,425

Median Home Sale Price

Top Earners

$44,096

Top-Earners Revenue

Shelbyville

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Shelbyville.

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C

Challenging to Investors

Shelbyville Regulations

STRs are legal but must fit county zoning and building rules, with an Improvement Location Permit and Certificate of Occupancy required (site plan, 10‑day decision, potential special exception/hearing). Details on municipal caps, fees, and licensing are missing, and hotels/motels are separately defined—creating uncertainty for STR permissibility and cost. The county process is known but layered, and absent city‑level rules raise investor risk.

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About Shelbyville

Shelbyville sits in central Illinois as the county seat of Shelby County, a small but long-established farming community of roughly 4,500 residents. Its character is decidedly small-town Midwestern, organized around a traditional courthouse square and ringed by the flat, fertile fields that have defined this part of the state for generations. The town is best known as the gateway to Lake Shelbyville, one of the larger inland reservoirs in Illinois, and it serves as a quiet base for travelers exploring the rural heart of the state. Decatur, the nearest city of any real size, lies about 45 miles to the north, while Springfield, the state capital, is roughly 75 miles to the northwest.

The signature attraction in the area is Lake Shelbyville, a vast reservoir built by the U.S. Army Corps of Engineers in the 1960s and straddling the Kaskaskia River. Stretching across more than 11,000 acres of water and an even larger footprint of surrounding public land, the lake draws visitors for boating, fishing, sailing, and swimming, and its wooded shorelines are threaded with trails and campgrounds. The water is only a few minutes west of town, and the lake is the reason most short-term guests come to Shelbyville in the first place. More information is available on its Wikipedia page.

Surrounding the lake are two state parks that expand the recreational options for visitors staying in town. Eagle Creek State Park sits on a peninsula jutting into the water and offers camping, equestrian trails, and a long stretch of beach, while Wolf Creek State Park on the southern shore provides additional campsites, picnic areas, and access to the Kaskaskia River as it flows into the lake. Both parks are within about a 20-minute drive of Shelbyville and give short-term renters plenty of choices for outdoor days, whether they are looking for a family-friendly beach afternoon or a quiet weekend of fishing.

Just south of the lake, the Chautauqua National Wildlife Refuge preserves several thousand acres of wetlands, bottomland forest, and restored prairie that host large numbers of migrating waterfowl each year. Birders and nature photographers find it a rewarding stop, and the refuge lies roughly 15 minutes from downtown. Together, the lake, the surrounding state parks, and the refuge give Shelbyville a quiet but well-located home base for travelers who want to experience the outdoors of central Illinois without the crowds of more heavily marketed destinations, an appealing combination for short-term rental guests seeking space, water, and a slower pace.

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