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

Greenwood Short-Term Rental Market Overview

Greenwood, IN presents an appealing opportunity for short-term rental investors, earning an ROI score of 71 out of 100 thanks to above-average revenue-to-price ratios and solid occupancy stability. With just 25 active Airbnb listings and a 42% occupancy rate that comfortably exceeds Indiana's 32% state average, this suburban Indianapolis market offers a relatively uncrowded landscape. Average annual revenue sits at $37,802 against home values averaging $463,709, creating a workable yield profile for investors willing to operate in a smaller market.

Key Market Statistics

According to Rabbu market data, the Greenwood 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 Greenwood

Greenwood's low listing count, above-average occupancy, and favorable revenue-to-price dynamics make it a compelling option for investors seeking entry into a less saturated Indiana market.

Expert Market Assessment

"Greenwood represents an attractive opportunity for STR investors, particularly those targeting the Indianapolis metro area without competing in a saturated urban core. Seasonality is pronounced — revenue swings from a January low of $1,037 to a July peak of $4,627 — so cash flow planning should account for roughly four softer months during winter. The above-average supply/demand balance and occupancy stability help offset the below-average market growth trend, positioning this as a steady-income play rather than a high-growth bet. Larger properties, especially 3- and 4-bedroom homes, drive the most compelling returns and warrant close attention from prospective buyers."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Greenwood

Average revenue by month in Greenwood

Greenwood's revenue peaks in July at $4,627 and bottoms out in January at just $1,037, creating a pronounced seasonal curve with a 4.5x swing between the two extremes. The strongest earning window runs May through September, while the November–February stretch stays below $3,000 — investors should plan reserves or adjust pricing aggressively during winter months.

Active Airbnb listings by property size in Greenwood

Supply is remarkably evenly distributed across bedroom counts, with 6 listings each for 1-, 2-, and 3-bedroom properties, and 5 listings with 4 bedrooms. This balanced spread means no single property type dominates the market, though the near-equal supply combined with significantly higher revenue for larger units may signal opportunity in the 4-bedroom segment.

Average daily rate (ADR) by property size in Greenwood

ADR generally scales with size, topping out at $247 for 4-bedroom properties, though 3-bedroom listings at $187 actually price below 2-bedrooms at $220 — an unusual inversion that may reflect different property types or positioning strategies. The jump from $91 for 1-bedrooms to $220 for 2-bedrooms represents the steepest rate premium in the market.

Average RevPAN by property size in Greenwood

Revenue per available night climbs steadily with property size, from $36 for 1-bedroom units to $95 for 4-bedroom properties. The 3-bedroom segment delivers a strong $88 RevPAN despite its lower ADR, suggesting its higher 47% occupancy rate more than compensates for the pricing gap versus 2-bedroom listings at $64.

Average occupancy rates by property size in Greenwood

Three-bedroom listings lead occupancy at 47%, followed by 1-bedrooms at 40% and 4-bedrooms at 39%, while 2-bedroom properties trail at just 29%. The low 2-bedroom occupancy is notable given that segment's relatively high ADR, suggesting those operators may benefit from pricing adjustments to capture more bookings.

Average monthly revenue by property size in Greenwood

Monthly revenue scales sharply with size: 4-bedroom properties average $5,018 per month, nearly six times the $865 generated by 1-bedroom listings. Three-bedroom units at $3,124 per month closely track the market-wide average, making them a balanced middle-ground option for investors weighing acquisition cost against income potential.

Average annual revenue by property size in Greenwood

Four-bedroom properties stand out with $60,222 in average annual revenue — nearly double the $32,174 earned by 2-bedroom units and roughly six times the $10,386 from 1-bedrooms. For investors focused on maximizing top-line income, the 4-bedroom segment offers the most compelling return potential, though acquisition and operating costs will naturally be higher.

Most common amenities for Airbnb listings in Greenwood

Kitchen and parking top the amenity list at 96% prevalence, followed closely by washer (92%) and dryer (88%), signaling that guests in Greenwood expect home-like conveniences and car-friendly access. A dedicated workspace appears in 72% of listings — a notable figure that hints at remote-work and business traveler demand — while differentiators like hot tubs (20%) and pools (24%) remain uncommon enough to serve as competitive advantages.

Understanding Greenwood's ROI Score: 71/100

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

Greenwood's ROI score of 71 out of 100 places it in the 'Attractive Opportunity' band, driven primarily by above-average marks in revenue-to-price ratio, occupancy stability, and supply/demand balance. The one softer factor is market growth trend, which currently sits below average — meaning the market is performing well on fundamentals but hasn't yet shown aggressive listing or revenue expansion. Investors should pair these data-driven insights with thorough local regulatory research and property-level financial modeling to confirm whether individual deals pencil out.

Short-Term Rental Regulations in Greenwood

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

Permit Requirements

Short-term rental operators in Greenwood, Indiana may need to obtain a permit or register with the city before listing their property. Investors should verify current requirements directly with the City of Greenwood and Johnson County, as local STR regulations can evolve.

Key Restrictions

Common restrictions in Indiana communities like Greenwood can include occupancy limits tied to bedroom count, noise ordinances, parking requirements for guests, and HOA covenants that may restrict or prohibit short-term rentals. Some municipalities also impose minimum stay requirements or cap the number of permits issued, so reviewing any applicable zoning and homeowner association rules before purchasing is essential.

Tax Obligations

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

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Greenwood's STR market is likely to see continued demand during summer and early fall, with July through September historically generating monthly revenues above $4,200. While the market growth trend currently sits below average, the favorable supply/demand balance and strong occupancy relative to the state suggest room for measured ADR increases in the 2–4% range. Investors should anticipate winter softness — January revenue drops to roughly $1,037 — and plan pricing strategies accordingly, though the market's proximity to Indianapolis should help sustain baseline midweek demand year-round."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Greenwood, IN

What is the average Airbnb occupancy rate in Greenwood?

The average Airbnb occupancy rate in Greenwood, IN is currently 42%, which is notably higher than the Indiana state average of 32%. Occupancy varies by property size, with 3-bedroom listings leading at 47% and 2-bedroom units coming in lower at 29%. This above-average occupancy suggests healthy and consistent guest demand relative to the broader state market.

How much do Airbnb hosts make in Greenwood?

Airbnb hosts in Greenwood earn an average of $3,150 per month and approximately $37,802 per year based on trailing 12-month booking data. Revenue varies significantly by property size: 1-bedroom listings average $10,386 annually, while 4-bedroom properties bring in roughly $60,222 per year. Seasonal fluctuations also play a role, with peak months like July generating around $4,627 and slower months like January dropping to about $1,037.

Is Greenwood a good market for Airbnb investment?

Greenwood scores a 71 out of 100 on Rabbu's ROI Score, placing it in the 'Attractive Opportunity' category. The market benefits from above-average revenue-to-price ratios, solid occupancy stability, and a favorable supply/demand balance with only 25 active listings. While market growth trends are currently below average, the low competition and strong fundamentals make it a worthwhile market for investors, especially those targeting larger properties that drive higher returns.

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

The average daily rate for Airbnb listings in Greenwood is $215, which is below Indiana's $290 state average. ADR scales with property size: 1-bedroom listings average $91 per night, 2-bedrooms command $220, 3-bedrooms sit at $187, and 4-bedroom properties top the range at $247 per night. The relatively accessible pricing helps support the market's above-average occupancy rates.

Are short-term rentals legal in Greenwood?

Short-term rentals do operate in Greenwood, IN, with 25 active Airbnb listings currently on the market. However, local regulations regarding permits, zoning, and any specific restrictions can change, so prospective hosts should check directly with the City of Greenwood and Johnson County for the most current rules before listing a property.

When is peak season for Airbnb in Greenwood?

Peak season in Greenwood runs from May through September, with July being the strongest month at an average revenue of $4,627. August and September follow closely at $4,224 and $4,238 respectively. The off-peak season spans November through February, with January representing the lowest point at roughly $1,037 in average revenue. This roughly 4.5x spread between peak and off-peak months means seasonal pricing adjustments are important for maximizing returns.

How many Airbnbs are there in Greenwood?

There are currently 25 active Airbnb listings in Greenwood, IN. Supply is evenly distributed across property sizes, with 6 listings each for 1-bedroom, 2-bedroom, and 3-bedroom properties, and 5 listings with 4 bedrooms. This small and balanced inventory suggests the market is not yet saturated, which can be advantageous for new entrants looking to establish a presence.

How is Airbnb revenue calculated in Greenwood?

The annual and monthly revenue figures for Greenwood 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 roll up the remaining data into a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance data. 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 Greenwood, IN
• Average daily rates, occupancy rates, and RevPAN metrics across property sizes
• Monthly and annual revenue trends based on trailing 12-month booking data
• Popular amenity prevalence across active listings in the market
• Home value benchmarks sourced from the Zillow Home Value Index (ZHVI)

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 historical averages and market conditions may have shifted since the analysis date. Local regulations, HOA rules, and tax obligations can change — always verify current requirements before investing.