Indianapolis Indiana Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Indianapolis, Updated April 2024
Rent Your Vacation Home or Condo in Indianapolis, Indiana
There are a number of reasons why you might want to consider renting out your home while you're on vacation. Short-term rental rates can be much lower than the cost of buying and maintaining a home, which can help you save money. It can also be easier to rent out your home when you’re away on vacation—you don’t have to worry about your house getting dirty or pests taking over. And if you’re renting out your whole house instead of just a room, you could make some extra money by renting out the living room couch or extra bed. Another reason to consider short-term rental is that it helps build equity in your home, especially if you do it regularly. By renting out rooms for short periods of time, you can make use of your space and reduce the amount of time it takes for your mortgage payments to start paying off the house. If that sounds like something you’d like to do, talk with a real estate agent about how to go about it.
When partnering with RedAwning for your property management needs, we can make sure your Indianapolis rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Indianapolis
During the month of November, Indianapolis is projected to generate over $165/night for a 2 bedroom vacation rental, on average! There were 3,316 vacation active rental properties in Indianapolis. 2,723 are renting the entire place, and 593 are shared rooms. On average, during the month of November 2023, each vacation rental property in Indianapolis is booked 49% of the time, and most hosts are projected to generate $1,913 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
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$165.00 Per Night*
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48% Occupied*
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$1,913.00 Per Month*
* Based on the median average of all vacation rentals in the Indianapolis area.
Get a free estimate for your home or condo.
Get a free estimate for your home or condo.
Featured Indianapolis Vacation Rental Generating Record Profits With RedAwning
Beautiful Home with Private Hot Tub Close to Everything Starting at $139 to $1,067 per night!
You'll love this beautiful and spacious 4 bedroom/2 bathroom 2,700 sq ft home located in a quiet neighborhood only 15 min from downtown Indy. You may be only 5 minutes from Indianapolis' premier night spots in trendy Broad Ripple, but you can truly feel at home while away from home here. This home is furnished with new beds, towels, linens, TV's, couches and practically everything else so rest assure everything is in mint condition and in working order for your stay. You'll love... Read More
This Indianapolis vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Indianapolis.
Successful short-term vacation rentals in Indianapolis, Indiana
If you are considering a short-term vacation rental in Indianapolis, Indiana, there are several positive trends that you should keep in mind. First, short-term vacation rentals are becoming more and more popular in Indianapolis, Indiana. This is likely due to the fact that many people choose to rent out their homes during the summer months when they have more time to spend traveling or visiting family. Second, short-term vacation rentals are often quite affordable. After all, most of your expenses associated with a short-term vacation rental are covered by renting out your home rather than buying a new place. And third, short-term vacation rentals can be a great way to make some extra money if you’re looking for an easy way to earn some extra cash without putting in all of the effort that comes with running a full-time business.
Vacation rental trends in Indianapolis, Indiana are showing a strong growth with short-term rental options. Whether you’re looking to rent out your home for a week, weekend or even just a night, there are plenty of options available to help you make some extra cash. With so many people traveling for vacation, it’s no wonder that more and more are looking to rent out their homes. As soon as you start looking into the options available in Indianapolis, you will quickly see that there are many different ways to make money as a short-term renter. Whether you want to be an owner/host or an agent/broker, there is always something available to help you make a little extra money.
RedAwning takes the guess-work out of Indianapolis property management, and we work with you to ensure your Indianapolis short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Indianapolis vacation rental could earn:
Revenue Projections for Vacation Rentals in Indianapolis, Indiana during December, 2023
Based on a 2 bedroom, which is the most common Indianapolis 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 Indianapolis vacation rental is available during these days.
$39887%1st
$44790%2nd
$18576%3rd
$17675%4th
$16975%5th
$18480%6th
$21083%7th
$30983%8th
$28480%9th
$17874%10th
$17172%11th
$17172%12th
$17272%13th
$17673%14th
$25074%15th
$25876%16th
$18175%17th
$17473%18th
$17372%19th
$17272%20th
$17572%21st
$24974%22nd
$25474%23rd
$19674%24th
$19274%25th
$18874%26th
$18774%27th
$19273%28th
$26174%29th
$26375%30th
$20574%31st
Average Daily Price & Percent Occupied Next Month In Indianapolis
Note: These averages are based on a 2 bedroom home in Indianapolis. 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 Indianapolis, Indiana?
If you are a speculative home buyer or have another home in Indiana, check out our other Indiana Vacation Rental Management reports in Bloomington, Fort Wayne, Michigan City, South Bend, Salem, Porter, Trail Creek, Carmel, Utica, Gary, Warsaw, Granger, Roseland, Schererville, and Warren Park, Indiana or view all of our vacation rental market reports
