Rent Your Vacation Home or Condo in Carmel, Indiana

When you're considering renting out your Carmel home as a short-term rental, there are a number of positive trends you should be aware of. For starters, there's been a surge in international visitors to Carmel. This has led to a demand for short-term rental properties in the area, and as a result, prices have increased. Additionally, Carmel is a popular destination for retirees. This population is interested in enjoying the city's nice weather and cultural attractions, and as a result, they're willing to pay slightly higher rental prices than average. Finally, Carmel is a popular tourist destination for people who want to enjoy the beauty of the Indiana countryside. As a result, there's increased demand for short-term rental properties that are close to local attractions. If you're thinking of renting out your Carmel home as a short-term rental, these are some of the trends you should be aware of.

When partnering with RedAwning for your property management needs, we can make sure your Carmel rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Carmel

During the month of November, Carmel is projected to generate over $258/night for a 3 bedroom vacation rental, on average! There were 60 vacation active rental properties in Carmel.  53 are renting the entire place, and 7 are shared rooms.  On average, during the month of November 2023, each vacation rental property in Carmel is booked 70% of the time, and most hosts are projected to generate $3,650 or more during the month of November! See how much you could earn with our free vacation rental income calculator.

$258.00 Per Night*


70% Occupied*


$3,650.00 Per Month*

* Based on the median average of all vacation rentals in the Carmel area.
Get a free estimate for your home or condo.

Vacation Rentals in Carmel are generating record profits with RedAwning.
Find out how you can exceed your revenue goals with RedAwning's property management resources.

Successful short-term vacation rentals in Carmel, Indiana

When you're considering renting out your Carmel home as a short-term rental, there are a few positive trends you should be aware of. For starters, Carmel has seen a rise in vacation rentals in recent years. This is likely due to the city's many attractions, like the Monterey Bay Aquarium and the Silicon Valley Innovation Park. Additionally, Carmel is a relatively affordable city, so it's easy for tourists and business travelers to find affordable short-term rentals. Another trend to watch for is the rise in homestays. This is a great option for Carmel residents who want to earn some extra money while they're away from home. Homestays provide tourists with a unique perspective on local culture and customs, and they also provide Carmel residents with some extra income. So if you're thinking of renting out your Carmel home as a short-term rental, be sure to keep these trends in mind. You'll be able to find the perfect rental solution that meets your needs and meets the high standards of your customers.

When you are considering renting out your Carmel home as a short-term rental, there are a few things to keep in mind. One of the most important things to consider is the trend of positive vacation rental trends in Carmel. Carmel has seen a significant increase in short-term rental opportunities over the past few years, and this is likely due to the many attractions and amenities that the town has to offer. Some of the attractions that have drawn in short-term rental guests include the Carmel Arts and Entertainment District, which offers a wide range of arts and entertainment options, as well as the Carmel Riverwalk, which features a variety of restaurants and shopping areas. Additionally, the town is home to a number of golf courses, which can provide plenty of entertainment for those renting out homes in Carmel. Overall, it is important to remember that when you are considering renting out your Carmel home as a short-term rental, it is important to target properties that have been popular among other short-term rental guests. By doing this, you can be sure that you will be able to enjoy a comfortable and enjoyable stay while you are in town.

RedAwning takes the guess-work out of Carmel property management, and we work with you to ensure your Carmel short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Carmel vacation rental could earn:

Revenue Projections for Vacation Rentals in Carmel, Indiana during December, 2023

Based on a 3 bedroom, which is the most common Carmel vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in December. Higher bars below can command higher prices, if your Carmel vacation rental is available during these days.

Average Daily Price & Percent Occupied Next Month In Carmel

Note: These averages are based on a 3 bedroom home in Carmel. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Carmel, Indiana?

If you are a speculative home buyer or have another home in Indiana, check out our other Indiana Vacation Rental Management reports in BloomingtonFort WayneIndianapolisMichigan CitySouth BendSalemPorterTrail CreekUticaGaryWarsawGrangerRoselandSchererville,  and Warren Park, Indiana or view all of our vacation rental market reports

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