Top 30 Best Places in Indiana, United States to Invest in Airbnb & Short-Term Rentals (2025)

Source: AirROI

Last updated: 2025-06-01

Unlock high-ROI opportunities in Indiana, United States‘s booming short-term rental (STR) market. This 2025 Airbnb investment guide from AirROI leverages cutting-edge Airbnb data analytics to pinpoint the most profitable cities for Airbnb and vacation rental entrepreneurs. Whether you’re scaling your portfolio or making your first STR investment, discover markets with strong rental demand, high revenue potential, and favorable regulations. We are committed to providing trustworthy insights based on comprehensive market analysis, and you can learn more about our rigorous approach to data accuracy.

Our STR market analysis dives deep into key performance indicators like monthly revenue, average daily rates (ADR), occupancy trends, property counts, and regulatory landscapes across Indiana, United States. We go beyond simple rankings to provide the context you need for informed investment decisions using reliable Airbnb data.

Explore the data-driven insights below to identify the premier short-term rental investment hotspots and high ROI Airbnb markets in Indiana, United States for 2025.

Top Short-Term Rental Markets in Indiana, United States

Rank:#1Market:IndianapolisCountry:United StatesProperties:3,055Monthly Revenue:$1698.38Daily Rate (ADR):$182.83Occupancy:40.45%Regulation:Low
Rank:#2Market:South BendCountry:United StatesProperties:741Monthly Revenue:$2408.17Daily Rate (ADR):$407.74Occupancy:34.71%Regulation:Low
Rank:#3Market:BloomingtonCountry:United StatesProperties:670Monthly Revenue:$1937.47Daily Rate (ADR):$261.92Occupancy:36.72%Regulation:Low
Rank:#4Market:Fort WayneCountry:United StatesProperties:473Monthly Revenue:$1185.62Daily Rate (ADR):$120.22Occupancy:46.86%Regulation:Low
Rank:#5Market:Michigan CityCountry:United StatesProperties:436Monthly Revenue:$2751.87Daily Rate (ADR):$360.88Occupancy:37.30%Regulation:Low
Rank:#6Market:NashvilleCountry:United StatesProperties:252Monthly Revenue:$2920.77Daily Rate (ADR):$276.59Occupancy:40.27%Regulation:Low
Rank:#7Market:EvansvilleCountry:United StatesProperties:244Monthly Revenue:$1222.05Daily Rate (ADR):$125.27Occupancy:46.79%Regulation:Low
Rank:#8Market:LafayetteCountry:United StatesProperties:189Monthly Revenue:$1548.69Daily Rate (ADR):$156.54Occupancy:42.06%Regulation:Low
Rank:#9Market:JeffersonvilleCountry:United StatesProperties:170Monthly Revenue:$2216.42Daily Rate (ADR):$215.08Occupancy:43.97%Regulation:Low
Rank:#10Market:New AlbanyCountry:United StatesProperties:148Monthly Revenue:$1884.02Daily Rate (ADR):$198.80Occupancy:41.19%Regulation:Low
Rank:#11Market:WestfieldCountry:United StatesProperties:130Monthly Revenue:$3187.21Daily Rate (ADR):$317.37Occupancy:42.45%Regulation:Low
Rank:#12Market:GaryCountry:United StatesProperties:125Monthly Revenue:$2217.30Daily Rate (ADR):$284.86Occupancy:36.88%Regulation:Low
Rank:#13Market:West LafayetteCountry:United StatesProperties:125Monthly Revenue:$1910.87Daily Rate (ADR):$161.92Occupancy:44.15%Regulation:Low
Rank:#14Market:Terre HauteCountry:United StatesProperties:121Monthly Revenue:$1406.89Daily Rate (ADR):$148.05Occupancy:43.26%Regulation:Low
Rank:#15Market:MadisonCountry:United StatesProperties:120Monthly Revenue:$1778.95Daily Rate (ADR):$167.31Occupancy:44.45%Regulation:Low
Rank:#16Market:MuncieCountry:United StatesProperties:112Monthly Revenue:$1376.64Daily Rate (ADR):$132.41Occupancy:45.13%Regulation:Low
Rank:#17Market:NoblesvilleCountry:United StatesProperties:112Monthly Revenue:$1849.50Daily Rate (ADR):$195.96Occupancy:41.43%Regulation:Low
Rank:#18Market:CulverCountry:United StatesProperties:107Monthly Revenue:$2319.36Daily Rate (ADR):$421.37Occupancy:31.84%Regulation:Low
Rank:#19Market:ColumbusCountry:United StatesProperties:100Monthly Revenue:$1586.00Daily Rate (ADR):$165.72Occupancy:44.35%Regulation:Low
Rank:#20Market:MishawakaCountry:United StatesProperties:93Monthly Revenue:$2313.07Daily Rate (ADR):$356.25Occupancy:38.12%Regulation:Low
Rank:#21Market:FishersCountry:United StatesProperties:90Monthly Revenue:$1837.72Daily Rate (ADR):$183.13Occupancy:42.23%Regulation:Low
Rank:#22Market:La PorteCountry:United StatesProperties:73Monthly Revenue:$2554.54Daily Rate (ADR):$324.84Occupancy:38.91%Regulation:Low
Rank:#23Market:CarmelCountry:United StatesProperties:71Monthly Revenue:$2384.44Daily Rate (ADR):$273.89Occupancy:45.13%Regulation:Low
Rank:#24Market:ValparaisoCountry:United StatesProperties:70Monthly Revenue:$2029.79Daily Rate (ADR):$185.65Occupancy:47.66%Regulation:Low
Rank:#25Market:KokomoCountry:United StatesProperties:69Monthly Revenue:$973.17Daily Rate (ADR):$108.70Occupancy:47.34%Regulation:Low
Rank:#26Market:MonticelloCountry:United StatesProperties:69Monthly Revenue:$1579.05Daily Rate (ADR):$244.13Occupancy:34.24%Regulation:Low
Rank:#27Market:SyracuseCountry:United StatesProperties:65Monthly Revenue:$1993.19Daily Rate (ADR):$311.58Occupancy:39.32%Regulation:Low
Rank:#28Market:AngolaCountry:United StatesProperties:62Monthly Revenue:$2011.99Daily Rate (ADR):$319.43Occupancy:40.75%Regulation:Low
Rank:#29Market:French LickCountry:United StatesProperties:59Monthly Revenue:$1814.38Daily Rate (ADR):$201.14Occupancy:35.38%Regulation:Low
Rank:#30Market:Notre DameCountry:United StatesProperties:57Monthly Revenue:$3136.47Daily Rate (ADR):$438.61Occupancy:33.19%Regulation:Low

Our Data-Driven Methodology for STR Market Analysis

At AirROI, our market rankings and insights are powered by a robust methodology combining comprehensive Airbnb data collection with sophisticated STR analytics techniques. We strive to provide the most accurate and actionable intelligence for short-term rental investors.

Data Collection & Scope

  • Global Coverage: We aggregate STR data from tens of millions of active short-term rental listings across platforms like Airbnb and Vrbo worldwide.
  • Real-Time Metrics: Our systems track key performance indicators (KPIs) daily, including booking rates, nightly pricing (ADR), occupancy rates, and revenue.
  • Regulatory Monitoring: We actively monitor and incorporate local short-term rental regulations, licensing requirements, and tax obligations into our market analysis.

Analysis & Ranking

  • Proprietary Algorithms: AI and machine learning models analyze booking patterns, predict seasonal demand shifts, and identify emerging market trends in the STR space.
  • Key Metric Evaluation: We evaluate markets based on a weighted combination of critical investment factors using our extensive Airbnb analytics:
    • Revenue Potential: Average Monthly Revenue and Average Daily Rate (ADR).
    • Market Demand: Occupancy Rate and booking lead times.
    • Investment Scale: Number of active properties and market growth trends.
    • Regulatory Environment: Assessed impact of local STR regulations on operational feasibility and profitability.
  • Benchmarking: Performance is benchmarked against regional and global averages to provide context for vacation rental investment potential.

Key Metrics Explained

  • Properties: The count of active short-term rental listings in the market.
  • Monthly Revenue: Average revenue generated per property per month, a key indicator for Airbnb profitability.
  • Daily Rate (ADR): Average nightly booking price.
  • Occupancy: Percentage of nights booked out of total available nights, crucial for understanding STR demand.
  • Regulation: An indicator of the local regulatory climate impacting Airbnb investment.

This rigorous approach ensures our recommendations are based on real-world performance Airbnb data and forward-looking market analysis, empowering you to invest smarter in the vacation rental market.

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