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

Fishers Short-Term Rental Market Overview

Fishers, IN is a growing suburban market on the outskirts of Indianapolis that presents an intriguing—if still maturing—opportunity for short-term rental investors. With just 35 active Airbnb listings and a striking 79% year-over-year growth in supply, the market is clearly gaining traction. Average annual revenue sits at $24,395, and while the current 22% occupancy rate trails the Indiana state average of 32%, the limited competition and strong summer seasonality create room for well-positioned operators to outperform.

Key Market Statistics

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

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

Why Investors Consider Fishers

Investors are drawn to Fishers for its low competition, rapid market growth, and proximity to Indianapolis's corporate and event-driven demand.

Expert Market Assessment

"Fishers represents a moderate opportunity for STR investors willing to navigate a still-developing market. Revenue peaks sharply in summer—July leads at $3,638 average monthly revenue, roughly 3.5 times the February low of $1,024—which means cash flow is heavily seasonal. The ROI score of 56 out of 100 reflects a below-average revenue-to-price ratio given the $641,849 average home value, but above-average market growth helps offset that concern. Investors targeting 3-bedroom properties will find the strongest return profile, though careful pricing and operational execution will be critical during the slower winter months."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Fishers

Average revenue by month in Fishers

Fishers displays strong seasonality, with July ($3,638) generating more than 3.5 times the revenue of the slowest month, February ($1,024). The May–August window accounts for the bulk of annual earnings, so investors should plan cash reserves to cover the quieter winter months when revenue dips below $1,600.

Active Airbnb listings by property size in Fishers

The market's 35 active listings are evenly split between 1-bedroom (14) and 3-bedroom (14) properties, with no 2-bedroom or 4+ bedroom listings reported. This binary supply distribution suggests a potential gap for mid-size properties that could capture family and group travelers underserved by the current inventory.

Average daily rate (ADR) by property size in Fishers

ADR nearly doubles from $102 for 1-bedroom listings to $195 for 3-bedroom properties, reflecting a strong premium for larger spaces. Given that 3-bedroom homes command rates closer to the market average of $153 while 1-bedrooms fall well below it, investors targeting higher nightly rates will find the most pricing power in larger configurations.

Average RevPAN by property size in Fishers

Three-bedroom properties deliver a RevPAN of $46, outperforming 1-bedroom listings at $26 by a substantial 77% margin. This gap indicates that despite only slightly lower occupancy, larger homes convert their higher ADR into meaningfully better per-night revenue.

Average occupancy rates by property size in Fishers

Occupancy rates are fairly close across property sizes, with 1-bedroom listings at 26% and 3-bedroom units at 24%. Both segments remain below the state average of 32%, suggesting that all property types in Fishers have room to improve fill rates through better pricing strategies and guest experience optimization.

Average monthly revenue by property size in Fishers

Three-bedroom properties generate an average of $2,868 per month, more than double the $1,406 earned by 1-bedroom listings. This revenue gap makes the larger format considerably more attractive for investors seeking stronger monthly cash flow, despite comparable occupancy rates between the two sizes.

Average annual revenue by property size in Fishers

At $34,425 in average annual revenue, 3-bedroom properties in Fishers earn roughly twice what 1-bedroom units bring in at $16,876. For investors weighing acquisition costs against revenue potential, the 3-bedroom configuration offers the clearest path to meaningful annual returns in this market.

Most common amenities for Airbnb listings in Fishers

Kitchen (97%), parking (94%), and washer/dryer (89%) are near-universal in Fishers listings, reflecting the expectations of suburban travelers who value home-like conveniences. Differentiators like hot tubs (31%), pools (23%), and pet-friendliness (20%) are less common and may offer competitive advantages for listings that include them.

Understanding Fishers's ROI Score: 56/100

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

Fishers earns a 56 out of 100 on Rabbu's ROI Score, placing it in the 'Attractive Opportunity' band. The score is buoyed by above-average market growth and stable supply-demand dynamics, but held back by a below-average revenue-to-price ratio—reflecting the gap between $24,395 in average annual revenue and $641,849 in average home values. Investors should pair this data with local regulatory research and consider whether targeting higher-earning 3-bedroom properties can close that revenue-to-cost gap.

Short-Term Rental Regulations in Fishers

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

Permit Requirements

Short-term rental operators in Fishers, Indiana may need to obtain a local permit or register their property with the city before listing. Investors should verify current requirements directly with the City of Fishers planning or zoning department before acquiring a property.

Key Restrictions

Common restrictions in suburban Indiana markets can include occupancy limits, minimum stay requirements, parking mandates, noise ordinances, and rules imposed by homeowners' associations. Investors should also check whether the city has implemented any caps on the number of STR permits issued in residential areas.

Tax Obligations

Short-term rental hosts in Indiana are generally subject to state sales tax and local innkeeper's tax on stays of fewer than 30 days. Many booking platforms collect and remit these taxes automatically, but hosts should confirm their specific obligations with the Indiana Department of Revenue.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Fishers is likely to see continued supply growth as investors respond to the market's above-average growth trend. Summer months should remain the primary revenue driver, with July revenues potentially pushing past $3,600 for well-managed listings. Occupancy may face some pressure as new supply enters, though we estimate market-wide rates could stabilize in the 20–25% range. ADR has room for a modest 2–4% increase, particularly for 3-bedroom properties that already command $195 per night."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Fishers, IN

What is the average Airbnb occupancy rate in Fishers?

The average Airbnb occupancy rate in Fishers is currently 22%, which falls below the Indiana state average of 32%. Occupancy varies by property size, with 1-bedroom listings averaging 26% and 3-bedroom listings coming in at 24%. These figures reflect the market's relatively early stage of development and pronounced seasonality.

How much do Airbnb hosts make in Fishers?

Airbnb hosts in Fishers earn an average of $2,032 per month and approximately $24,395 per year based on trailing 12-month performance data. Revenue varies significantly by property size—1-bedroom units average $16,876 annually, while 3-bedroom properties bring in around $34,425. Summer months are the primary revenue drivers, with July averaging $3,638 per listing.

Is Fishers a good market for Airbnb investment?

Fishers scores 56 out of 100 on Rabbu's ROI Score, placing it in the 'Attractive Opportunity' category. The market shows above-average growth trends and balanced supply-demand dynamics, though the revenue-to-price ratio is below average given home values near $641,849. Investors who target 3-bedroom properties and optimize for summer demand are best positioned to generate meaningful returns.

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

The average daily rate for Airbnb listings in Fishers is $153, which is well below the Indiana state average of $290. ADR varies considerably by property size: 1-bedroom listings average $102 per night, while 3-bedroom properties command $195 per night. This pricing structure reflects the market's suburban character and family-oriented traveler base.

Are short-term rentals legal in Fishers?

Short-term rentals are generally permitted in Fishers, IN, but operators may need to comply with local zoning rules, obtain permits, or register their property. Regulations can change, so prospective investors should check directly with the City of Fishers and review any applicable HOA restrictions before purchasing a property for STR use.

When is peak season for Airbnb in Fishers?

Peak season in Fishers runs from May through August, with July being the strongest month at $3,638 in average revenue. June also performs well at $3,168. The off-peak period spans January through March, when monthly revenue drops to approximately $1,000–$1,580. This seasonal pattern is typical for Midwest suburban markets.

How many Airbnbs are there in Fishers?

There are currently 35 active Airbnb listings in Fishers as of April 2026. The market has experienced significant growth, with a 79% year-over-year increase in active listings. Supply is evenly split between 1-bedroom and 3-bedroom properties, with 14 listings in each category.

How is Airbnb revenue calculated in Fishers?

The annual and monthly revenue figures for Fishers are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market—not a forward-looking projection. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, drop regional outliers, and roll the remainder up to a market-level historical average. This anchors the figures to what hosts have actually earned recently rather than to forecasts, while still naturally reflecting seasonal peaks and slower months because each month uses its own historical performance. Individual results can vary based on property quality, pricing strategy, and operational management.

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 for the Fishers, IN market
• Average daily rates, occupancy rates, and RevPAN metrics by property size
• Monthly and annual revenue trends based on trailing 12-month booking performance
• Popular amenity prevalence across active listings to guide property setup decisions
• Home value data sourced from Zillow Home Value Index (ZHVI) for investment context

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and current market conditions as of April 2026; actual results may differ based on property-specific factors, pricing strategy, and management quality. Local regulations, tax requirements, and permit rules are subject to change; investors should verify all compliance details with the appropriate municipal and state authorities.