Marion, IL
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Marion short-term rental market based on reliable data.
Listings
72 / 132
Reliable / Active
Cap Rate
15%
Middle-Earners Gross Yield
Revenue
$25,095
Middle-Earners Revenue
Occupancy
60%
Middle-Earners Occupancy
Home Value
$169,486
Median Home Sale Price
Top Earners
$33,641
Top-Earners Revenue
Marion
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Marion.
Loading top listings...
Challenging to Investors
Marion Regulations
Marion explicitly permits STRs citywide with a clear licensing framework, but the required $250 annual license, twice‑yearly inspections at $50 each, 3% hotel tax with monthly reporting and late penalties, and mandatory tax registration create moderate compliance costs and operational burden; while there are no stated caps, the combination of fees and reporting makes compliance challenging enough to lower the friendliness grade.
Local STR Agent
STR specialist · Marion, IL
About Marion
Marion is a city in Williamson County, Illinois, United States, and is the county seat of Williamson County. The population was 16,855 at the 2020 census. It is part of a dispersed urban area that developed out of the early 20th-century coal fields. Today Marion serves as the largest retail trade center in Southern Illinois with its central location along Interstate 57 and Illinois Route 13. It was dubbed the "Hub of the Universe" by former mayor Robert L. Butler. The city is part of the Marion-Herrin Micropolitan Area and is a part of the Carbondale-Marion-Herrin, Illinois Combined Statistical Area with 123,272 residents, the sixth most populous Combined statistical area in Illinois.