Vernon, IL

Key Performance Metrics

Market snapshot

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

Listings

33 / 55

Reliable / Active

Cap Rate

15%

Middle-Earners Gross Yield

Revenue

$23,077

Middle-Earners Revenue

Occupancy

59%

Middle-Earners Occupancy

Home Value

$158,474

Median Home Sale Price

Top Earners

$30,584

Top-Earners Revenue

Vernon

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Vernon.

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Challenging to Investors

Vernon Regulations

STRs appear likely permitted inside Vernon’s limits, but the city has no published rules, fees, or caps, and adjacent Vernon Hills and Lake County prohibit STRs, creating uncertainty that deters investment due to unknown zoning enforcement and compliance processes.

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About Vernon

Vernon is a village in Marion County, Illinois, United States. The population was 103 at the 2020 census.

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