Galesburg, IL

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

20 / 43

Reliable / Active

Cap Rate

23%

Middle-Earners Gross Yield

Revenue

$22,473

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Home Value

$97,479

Median Home Sale Price

Top Earners

$38,615

Top-Earners Revenue

Galesburg

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Galesburg.

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B

Generally Investor friendly

Galesburg Regulations

STRs are allowed citywide and treated as standard rentals, with simple licensing ($20/yr/unit), modest inspection obligations, and no local caps or restrictive zones; moderate compliance steps and timing windows keep it from being extremely friendly, but costs and process are manageable.

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About Galesburg

Galesburg is a city in Knox County, Illinois, United States. The city is 45 miles (72 km) northwest of Peoria. At the 2010 census, its population was 32,195. It is the county seat of Knox County and the principal city of the Galesburg Micropolitan Statistical Area, which includes all of Knox and Warren counties. Galesburg is home to Knox College, a private four-year liberal arts college, and Carl Sandburg College, a two-year community college. A 496-acre (201 ha) section of the city is listed on the National Register of Historic Places as the Galesburg Historic District.

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