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Indiana

STRONG BUYSTR Rules →

State Investment Grade

Based on city averages
A+
85/100
STRONG BUY
Market Grade Distribution
A+
2 (9%)
A
3 (13%)
B+
3 (13%)
B
4 (17%)
C
9 (39%)
D
1 (4%)
F
1 (4%)

State grade is based on the top-performing cities in the state. Adding more markets won't lower the grade — it only improves when quality cities are added.

STR Rules
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Avg ADR
$125
Median Home
$246K
1Y Appreciation
+2.8%

Market estimates · Updated Feb 2026

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23 markets found

Mishawaka
St. Joseph County
A+
91
Score
ADR
$200
Occupancy
50%
Monthly
$3,000
Price
$198K
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Evansville
Vanderburgh County
A+
90
Score
ADR
$154
Occupancy
72%
Monthly
$3,326
Price
$192K
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Michigan City
LaPorte County
A
82
Score
ADR
$138
Occupancy
62%
Monthly
$2,566
Price
$179K
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Elkhart
Elkhart County
A
82
Score
ADR
$203
Occupancy
48%
Monthly
$2,917
Price
$215K
Excellent✓ Pays BillsSTR Rules →
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Indianapolis
Marion County
A
80
Score
ADR
$135
Occupancy
62%
Monthly
$2,511
Price
$223K
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Goshen
Elkhart County
B+
71
Score
ADR
$229
Occupancy
46%
Monthly
$3,167
Price
$267K
Good✓ Pays BillsSTR Rules →
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South Bend
St. Joseph County
B+
68
Score
ADR
$95
Occupancy
66%
Monthly
$1,881
Price
$183K
Marginal✓ Pays BillsSTR Rules →
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Porter
Porter County
B+
67
Score
ADR
$193
Occupancy
59%
Monthly
$3,416
Price
$288K
Good✓ Pays BillsSTR Rules →
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Nashville
Brown County
B
61
Score
ADR
$199
Occupancy
61%
Monthly
$3,641
Price
$330K
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French Lick
Orange County
B
61
Score
ADR
$95
Occupancy
49%
Monthly
$1,396
Price
$183K
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Indianapolis city (balance)
Indianapolis city (balance) County
B
58
Score
ADR
$141
Occupancy
70%
Monthly
$2,961
Price
$294K
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Fishers
Hamilton County
B
55
Score
ADR
$238
Occupancy
68%
Monthly
$4,855
Price
$432K
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Carmel
Hamilton County
C
53
Score
ADR
$248
Occupancy
78%
Monthly
$5,803
Price
$548K
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Brown County
Brown County
C
52
Score
ADR
$195
Occupancy
52%
Monthly
$3,042
Price
$285K
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Bloomington
Monroe County
C
52
Score
ADR
$145
Occupancy
72%
Monthly
$3,131
Price
$304K
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Fort Wayne
Allen County
C
51
Score
ADR
$95
Occupancy
65%
Monthly
$1,852
Price
$234K
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Columbus
Bartholomew County
C
50
Score
ADR
$103
Occupancy
72%
Monthly
$2,224
Price
$270K
Break-even✓ Pays BillsSTR Rules →
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Granger
St. Joseph County
C
50
Score
ADR
$224
Occupancy
52%
Monthly
$3,500
Price
$397K
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Madison
Jefferson County
C
48
Score
ADR
$95
Occupancy
55%
Monthly
$1,567
Price
$230K
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Angola
Steuben County
C
48
Score
ADR
$164
Occupancy
45%
Monthly
$2,214
Price
$291K
Negative✗ Bills RiskSTR Rules →
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Metamora
Franklin County
C
47
Score
ADR
$134
Occupancy
40%
Monthly
$1,608
Price
$261K
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Chesterton
Porter County
D
44
Score
ADR
$115
Occupancy
65%
Monthly
$2,242
Price
$332K
Negative✗ Bills RiskSTR Rules →
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Batesville
Ripley County
F
33
Score
ADR
$139
Occupancy
47%
Monthly
$1,960
Price
$308K
Negative✗ Bills RiskSTR Rules →
View
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Indiana is rated A+ for Airbnb investment (STRONG BUY) with 23 tracked STR markets. The state averages $125/night ADR and $246,174 median home value, with 2.8% annual appreciation. Net domestic migration: +45,000 residents/year.Top-graded cities include Indianapolis, Michigan City, Elkhart.Data powered by Edge by Teeco using estimated market data.