Performance indicators for the Mount Carroll short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Mount Carroll.
Loading top listings...
Challenging to Investors
STRs are technically allowed only by special use permit (guest house/home or B&B) with public hearings, heavy documentation, and strict limits (5-year guest house permits, B&B capped at 5 rooms and owner-occupied). Permits are discretionary with renewal uncertainty, and enforcement includes revocation/fines—raising compliance cost and investor risk while constraining where and how STRs can operate.
Local STR Agent
STR specialist · Mount Carroll, IL
Mount Carroll is a small, quiet city in northwestern Illinois, serving as the seat of Carroll County. With a population of roughly 1,500 residents, it has the feel of a classic Midwestern river town — tree-lined streets, an historic courthouse square, and rolling countryside typical of the Driftless Area just east of the Mississippi. It is best known for its well-preserved 19th-century architecture and its proximity to the Mississippi Palisades and the Great River Road. The nearest major city is Chicago, which lies about 135 miles to the east-southeast, a drive of roughly two and a half hours.
Just a few miles west of town, Mississippi Palisades State Park draws visitors with dramatic limestone bluffs, dramatic rock outcroppings, and sweeping views over the Mississippi River. The park offers hiking trails, rock climbing, picnicking, and camping, and is particularly colorful in autumn when the surrounding hardwood forests turn. From downtown Mount Carroll, the park is a short drive of about 15 minutes, making it a natural day-trip destination for guests looking to pair small-town lodging with outdoor recreation along one of the most scenic stretches of the upper Mississippi.
The heart of Mount Carroll itself is centered on its stately Carroll County Courthouse, a distinctive limestone building that anchors the town square and gives the community much of its visual identity. Surrounding the courthouse are brick storefronts, locally owned shops, and quiet cafes, and the area has a slow, walkable character that appeals to visitors seeking a break from busier destinations. Antique stores, small galleries, and seasonal events help fill out the town's modest but genuine cultural calendar.
About an hour to the northeast, the historic town of Galena offers a popular complement to a stay in Mount Carroll. Known for its 19th-century Main Street, preserved homes from the lead-mining era, and the former home of Ulysses S. Grant, Galena draws steady tourism year-round and pairs well with a base in Carroll County for travelers wanting a quieter evening after a day of sightseeing.
The broader region also lends itself to slow exploration. The Great River Road traces the Mississippi just to the west, the small river town of Savanna lies roughly 20 minutes to the southwest, and the wider Driftless Area rewards travelers with scenic bluffs, river overlooks, and small-farm scenery in every direction.
Mount Carroll makes a compelling base for short-term rentals because it combines genuine small-town atmosphere with quick access to some of northwestern Illinois's most recognizable natural and historic attractions. Guests who stay here can spend their mornings on quiet courthouse-square streets and their afternoons hiking bluffs, exploring Galena, or cruising the Great River Road — all without the crowds or pricing of the region's larger tourist hubs.