Evansville, IN Airbnb Market Data, Statistics, and Occupancy Rates

Evansville Short-Term Rental Market Overview

Evansville, Indiana offers an accessible entry point for short-term rental investors, with average home values around $317,950 and an average daily rate of $128 — well below the state average of $290. The market currently hosts 146 active Airbnb listings and has seen remarkable 123% year-over-year listing growth, signaling rising investor interest. While average annual revenue of $16,359 positions this as a modest-income market, the affordable price point means cash-flow math can still work for investors who source deals carefully and optimize their operations.

Key Market Statistics

According to Rabbu market data, the Evansville short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Evansville

Evansville's combination of low acquisition costs and steady regional demand makes it worth evaluating for investors seeking affordable entry into the STR space, though rising competition calls for disciplined underwriting.

Expert Market Assessment

"Evansville presents a competitive but measured opportunity for STR investors. The ROI score of 53 out of 100 reflects average fundamentals across revenue-to-price ratio, occupancy stability, and market growth, with supply/demand balance rated below average due to the surge in new listings. Revenue seasonality is moderate — July peaks at $1,651 per month while February dips to $922, creating a roughly $730 spread that investors need to budget around. For those willing to target larger properties and differentiate on amenities and guest experience, there's room to outperform the market averages in this affordable Indiana city."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Evansville

Average revenue by month in Evansville

Revenue in Evansville follows a moderate seasonal curve, peaking in July at $1,651 and bottoming out in February at $922 — a spread of about $730. Summer months and October form the strongest earning period, while winter brings noticeably softer performance that investors should account for in their cash-flow planning.

Active Airbnb listings by property size in Evansville

One-bedroom units dominate supply with 57 listings, closely followed by 50 two-bedroom properties, while 3-bedroom (30) and especially 4-bedroom (7) listings are far less common. The thin supply of 4-bedroom homes could present an opportunity for investors given the strong revenue metrics those properties deliver.

Average daily rate (ADR) by property size in Evansville

ADR scales sharply with property size in Evansville, jumping from $78 for 1-bedroom listings to $282 for 4-bedroom properties — a 3.6x increase. The step up from 2-bedroom ($125) to 3-bedroom ($184) represents a meaningful premium that may justify the additional acquisition cost for investors targeting higher nightly rates.

Average RevPAN by property size in Evansville

Four-bedroom properties stand out dramatically with a RevPAN of $114, nearly triple the $40 RevPAN of 2-bedroom units and almost four times the $31 of 1-bedroom listings. This outsized revenue efficiency, combined with low competition in the 4-bedroom segment, makes larger homes the most compelling option on a per-available-night basis.

Average occupancy rates by property size in Evansville

Occupancy rates form a U-shaped pattern: 1-bedroom (40%) and 4-bedroom (41%) properties maintain the highest fill rates, while 2-bedroom (32%) and 3-bedroom (24%) listings lag behind. The strong occupancy for 4-bedroom units, paired with their high ADR, suggests robust group or family travel demand that keeps these larger properties consistently booked.

Average monthly revenue by property size in Evansville

Monthly revenue climbs steadily with property size, from $969 for 1-bedroom units to $2,170 for 4-bedroom homes — more than double. Two- and 3-bedroom properties cluster closer together at $1,540 and $1,677 respectively, suggesting the biggest revenue jump comes at the top end of the size spectrum.

Average annual revenue by property size in Evansville

Four-bedroom properties lead annual revenue at $26,051, roughly 2.2 times the $11,629 generated by 1-bedroom listings. Three-bedroom homes earn a solid $20,132 annually, making them a reasonable middle ground for investors who want meaningful revenue without the higher acquisition and maintenance costs of a 4-bedroom home.

Most common amenities for Airbnb listings in Evansville

Parking (99%), kitchen (97%), and self check-in (90%) are near-universal among Evansville listings, establishing them as baseline expectations rather than differentiators. Investors looking to stand out should consider amenities with lower adoption rates — such as hot tubs (2%), BBQ grills (19%), or pet-friendly accommodations (28%) — which could attract niche guest segments and support premium pricing.

Understanding Evansville's ROI Score: 53/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Evansville's ROI score of 53 out of 100 places it in the Competitive Opportunity tier, meaning the market has real potential but requires more selective deal sourcing to generate strong returns. Revenue-to-price ratio, occupancy stability, and market growth all rate as average, while the supply/demand balance scores below average — largely reflecting the 123% surge in new listings entering the market. Investors should pair this data with thorough local regulatory research and focus on underserved property sizes like 4-bedroom homes to gain an edge.

Short-Term Rental Regulations in Evansville

Understanding local STR regulations is essential before investing in Evansville. Here's the current regulatory landscape:

Permit Requirements

Short-term rental operators in Evansville, Indiana may be required to obtain permits or register their properties with local authorities before listing. Investors should verify current STR permit requirements directly with the City of Evansville and Vanderburgh County, as regulations can change.

Key Restrictions

Common STR restrictions in Indiana municipalities can include occupancy limits, minimum stay requirements, noise ordinances, parking mandates, and permit caps. Investors should also review any HOA or neighborhood covenant restrictions that may apply to their specific property, as these can be more restrictive than city-level rules.

Tax Obligations

STR hosts in Indiana are generally subject to state sales tax and county innkeeper's tax on short-term accommodations. Platforms like Airbnb often collect and remit some of these taxes on the host's behalf, but operators should confirm their full obligations with the Indiana Department of Revenue and local tax authorities.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Evansville can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Evansville's STR market will likely feel the effects of its rapid supply growth — active listings more than doubled year over year — which could put downward pressure on occupancy and rates unless demand keeps pace. Seasonal patterns suggest revenue will continue peaking in the summer months and October, with softer stretches in January and February. Investors should plan for occupancy rates in the 30–40% range and watch for ADR stabilization around $125–$135 as the market absorbs new inventory. Selective deal sourcing and strong amenity packages will be key differentiators in an increasingly competitive landscape."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Evansville, IN

What is the average Airbnb occupancy rate in Evansville?

The average occupancy rate for Airbnb listings in Evansville is currently 34%, which slightly outperforms the Indiana state average of 32%. Occupancy varies by property size — 1-bedroom and 4-bedroom units see the highest rates at 40% and 41% respectively, while 3-bedroom properties average just 24%. Investors should factor in this variability when projecting cash flow for different property types.

How much do Airbnb hosts make in Evansville?

Airbnb hosts in Evansville earn an average of $1,363 per month or approximately $16,359 annually, based on trailing 12-month performance data. Earnings vary significantly by property size: 1-bedroom listings average around $969/month, while 4-bedroom properties bring in roughly $2,170/month. Peak months like July can push monthly revenue to $1,651, while slower months like February may dip to around $922.

Is Evansville a good market for Airbnb investment?

Evansville earns a Rabbu ROI Score of 53 out of 100, placing it in the 'Competitive Opportunity' category. The market's strength lies in affordable home values averaging $317,950 paired with a daily rate of $128 that keeps it accessible to guests. However, the 123% year-over-year growth in listings means competition is intensifying, and the supply/demand balance is rated below average. Investors who target the right property size — particularly 4-bedroom homes with strong RevPAN — and offer in-demand amenities are best positioned to succeed here.

What is the average daily rate (ADR) for Airbnb in Evansville?

The average daily rate for Airbnb listings in Evansville is $128, which is significantly lower than the Indiana state average of $290. ADR scales meaningfully with property size: 1-bedroom listings average $78, 2-bedrooms come in at $125, 3-bedrooms at $184, and 4-bedroom properties command $282 per night. This pricing structure makes larger homes particularly interesting from a revenue-per-night perspective.

Are short-term rentals legal in Evansville?

Short-term rentals do operate in Evansville, Indiana, with 146 active Airbnb listings currently in the market. However, STR regulations can vary and may require permits, registration, or compliance with local ordinances. Investors should consult the City of Evansville and relevant Vanderburgh County offices to confirm current rules, and review any HOA or deed restrictions on their target property before purchasing.

When is peak season for Airbnb in Evansville?

Peak season in Evansville runs primarily through the summer months, with July delivering the highest average monthly revenue at $1,651. June ($1,518), August ($1,511), and October ($1,521) also perform strongly. The slowest months are February ($922) and January ($1,030), creating a roughly 80% spread between peak and off-peak performance. Investors should plan pricing and expense strategies around this seasonal pattern.

How many Airbnbs are there in Evansville?

Evansville currently has 146 active Airbnb listings as of April 2026. The market has experienced dramatic growth, with a 123% year-over-year increase in active listings. Supply is concentrated in smaller properties — 57 one-bedroom and 50 two-bedroom listings make up the majority, while only 7 four-bedroom listings exist, potentially signaling less competition in that segment.

How is Airbnb revenue calculated in Evansville?

The annual and monthly revenue figures shown for Evansville are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and aggregate the results into a market-level historical average. Because each month uses its own historical performance data, the figures naturally reflect seasonal peaks and slower periods. Individual results can vary based on property quality, pricing strategy, location within the market, and how effectively the listing is managed.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts by market and property size
• Average daily rate, occupancy, and RevPAN trends across property configurations
• Monthly and annual revenue estimates based on trailing 12-month booking data
• Home value benchmarks sourced from the Zillow Home Value Index (ZHVI)
• Data aggregated from multiple providers including Rabbu proprietary analytics

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month performance and market conditions as of the dates noted; actual results may differ as conditions evolve. Local regulations governing short-term rentals vary and are subject to change — investors should verify current rules with municipal authorities before purchasing.