Downers Grove, IL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

144 / 387

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$38,640

Middle-Earners Revenue

Occupancy

67%

Middle-Earners Occupancy

Home Value

$510,398

Median Home Sale Price

Top Earners

$71,165

Top-Earners Revenue

Downers Grove

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Downers Grove.

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C

Challenging to Investors

Downers Grove Regulations

STRs are allowed under standard residential zoning but lack a dedicated STR license, creating regulatory uncertainty and relying on general codes, inspections, and potential local lodging taxes; plus HOA/Condo bylaws can block or limit short‑term leasing.

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About Downers Grove

Downers Grove is a well-established village in DuPage County, Illinois, situated about 22 miles west of downtown Chicago along the BNSF Railway corridor. With a population of roughly 50,000 residents, it carries the rhythm of a classic Midwestern commuter suburb: tree-shaded residential blocks, a walkable historic Main Street, and a relaxed pace that softens the edges of the busy metropolitan area it belongs to. Served directly by Metra commuter trains, the village functions as a comfortable residential base from which visitors can easily reach Chicago's cultural core as well as the broader network of forest preserves, museums, and small towns that define the western suburbs. It is best known for its charming downtown, its preserved 19th-century architecture, and its proximity to some of the most visited natural attractions in DuPage County.

At the heart of the village, the historic Tivoli Theatre anchors the downtown district. Opened in 1928 in a Spanish Revival style, it remains an operating cinema and live-event venue, and its brightly lit marquee has long been one of the most recognizable landmarks in town. The surrounding Main Street corridor is lined with locally owned restaurants, boutiques, and cafés that give the area a sense of character that is increasingly rare in larger suburbs.

Just a few minutes south of the village center, Lyman Woods is a roughly 150-acre forest preserve that offers a quiet retreat into oak woodlands, restored prairie, and wetlands. The preserve includes the historic Lyman estate buildings and a network of walking trails that are popular with birders, joggers, and families looking for a low-key outdoor outing.

For travelers drawn to rare native ecosystems, Belmont Prairie Nature Preserve sits a short drive from the village and protects one of the largest and best-preserved tallgrass prairies left in Illinois. Its short loop trail offers a vivid snapshot of the landscape that once covered most of the region.

The village's location makes it an especially practical home base for visitors who want suburban comfort without giving up easy access to larger regional draws. The Morton Arboretum in neighboring Lisle is only about 10 minutes away, Cantigny Park in Wheaton is similarly close, and O'Hare International Airport can typically be reached in under 30 minutes by car. Together with its walkable downtown, transit access to Chicago, and immediate proximity to some of the finest natural areas in the western suburbs, Downers Grove offers short-term rental guests a balanced and well-connected place to stay.

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