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

Middlebury Short-Term Rental Market Overview

Middlebury, Indiana is a compact short-term rental market with just 25 active Airbnb listings and an average annual revenue of $32,330 per property. While the average daily rate of $205 sits below Indiana's $290 state average, above-average occupancy stability and a 108% year-over-year listing growth signal rising investor interest. The market's modest supply and seasonal leisure appeal — anchored by northern Indiana's Amish Country tourism corridor — create a niche opportunity for investors willing to work within a smaller demand pool.

Key Market Statistics

According to Rabbu market data, the Middlebury 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 Middlebury

Middlebury's blend of low competition, above-average occupancy stability, and affordable entry relative to many Indiana markets makes it worth evaluating for niche-focused STR investors.

Expert Market Assessment

"Middlebury presents a moderate opportunity for STR investors who are comfortable with pronounced seasonality and a small-market dynamic. Revenue peaks strongly from June through October — with July topping $4,243 — before falling to winter lows around $1,300 in February, creating a wide seasonal spread that demands careful cash-flow planning. The ROI score of 60 out of 100 reflects a market with balanced fundamentals: average revenue-to-price ratio and growth trends are offset by above-average occupancy stability. Investors targeting 3-bedroom properties stand to capture the strongest returns, but should pair this data with thorough local regulatory and demand research."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Middlebury

Average revenue by month in Middlebury

Middlebury shows strong seasonality, with July ($4,243) and September ($3,781) anchoring a peak season that runs roughly June through October, while February marks the low point at just $1,300. The nearly $3,000 spread between peak and trough months means investors need a clear plan for managing cash flow through the quieter winter period.

Active Airbnb listings by property size in Middlebury

Supply is concentrated in two segments: one-bedroom units (7 listings) and three-bedroom properties (8 listings), with no data reported for two-bedroom, four-bedroom, or larger configurations. This gap could signal an opportunity for investors to differentiate with two-bedroom or four-plus-bedroom properties that currently have little to no competition.

Average daily rate (ADR) by property size in Middlebury

ADR jumps significantly from $126 for one-bedroom listings to $214 for three-bedroom properties, a 70% premium that reflects guests' willingness to pay more for space in this market. For investors, the higher nightly rate on three-bedrooms helps offset the market's relatively modest occupancy levels.

Average RevPAN by property size in Middlebury

Three-bedroom properties deliver a RevPAN of $41 compared to $22 for one-bedrooms, nearly doubling the effective revenue per available night. This confirms that the larger units not only command higher rates but also convert enough bookings to meaningfully outperform smaller listings on a per-night basis.

Average occupancy rates by property size in Middlebury

Three-bedroom properties edge out one-bedrooms with a 20% average occupancy rate versus 17%, though both figures are modest by statewide standards. The slight advantage for larger units suggests families and groups drive a meaningful share of demand in Middlebury.

Average monthly revenue by property size in Middlebury

Three-bedroom listings generate $3,114 per month on average, roughly 93% more than one-bedroom units at $1,608. This sizable gap makes a strong case for investors to prioritize larger properties when entering the Middlebury market.

Average annual revenue by property size in Middlebury

At $37,368 per year, three-bedroom properties nearly double the $19,306 annual revenue of one-bedroom listings, making them the clear frontrunner for return potential. Investors weighing acquisition costs against income should note that the additional revenue from a three-bedroom may more than justify the higher purchase price.

Most common amenities for Airbnb listings in Middlebury

Every listed property in Middlebury offers a kitchen and self check-in, and 96% provide parking — establishing these as non-negotiable baseline amenities. Outdoor features like BBQ grills (76%), backyards (72%), and outdoor furniture (60%) are also widespread, signaling that guests expect a comfortable, home-like experience with outdoor living space in this rural Indiana market.

Understanding Middlebury's ROI Score: 60/100

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

Middlebury's ROI score of 60 out of 100 places it in the "Attractive Opportunity" band, reflecting a market where revenue and demand fundamentals are solid but not exceptional. Above-average occupancy stability is the standout factor, while revenue-to-price ratio, market growth, and supply/demand balance all grade as average — suggesting reliable but measured returns. Investors should pair this score with local regulatory research and a realistic seasonal cash-flow model before committing capital.

Short-Term Rental Regulations in Middlebury

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

Permit Requirements

Short-term rental operators in Middlebury, Indiana may need to obtain a permit or register their property with local authorities before listing on platforms like Airbnb. Investors should verify current requirements directly with the Town of Middlebury and Elkhart County, as regulations in smaller Indiana municipalities can change with limited notice.

Key Restrictions

Common restrictions that may apply include occupancy limits based on bedroom count, minimum stay requirements, noise and nuisance ordinances, and parking provisions for guests. HOA covenants and deed restrictions are also worth reviewing, as some residential communities in the area may limit or prohibit short-term rental use entirely.

Tax Obligations

Indiana imposes a state sales tax and county innkeeper's tax on short-term rental stays, and platforms like Airbnb typically collect and remit these on the host's behalf. Investors should confirm that all applicable state and local tax obligations are being met, particularly if listing on multiple platforms or booking directly.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Middlebury's STR market is likely to see continued supply growth as more investors enter, though the pace may moderate from the 108% year-over-year jump recently observed. Summer and early fall months should remain the primary revenue drivers, with July and September historically averaging $4,243 and $3,781 respectively. ADR could edge up 2–4% as hosts refine pricing strategies for peak season, though occupancy may stabilize in the 18–22% range given the market's seasonal character. Investors should plan conservatively around winter softness, when monthly revenue can dip below $1,600."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Middlebury, IN

What is the average Airbnb occupancy rate in Middlebury?

The average occupancy rate for Airbnb listings in Middlebury is currently 19%, which falls below Indiana's statewide average of 32%. This reflects the market's seasonal nature, with demand concentrated in the warmer months. Three-bedroom properties tend to perform slightly better at 20% occupancy compared to 17% for one-bedroom units.

How much do Airbnb hosts make in Middlebury?

On average, Airbnb hosts in Middlebury earn approximately $2,694 per month, translating to about $32,330 annually based on trailing 12-month performance. Three-bedroom properties lead at roughly $3,114 per month ($37,368 annually), while one-bedroom listings average around $1,608 per month ($19,306 annually). Peak months like July can push monthly earnings above $4,200.

Is Middlebury a good market for Airbnb investment?

Middlebury earns a Rabbu ROI Score of 60 out of 100, rated as an "Attractive Opportunity." The market features above-average occupancy stability and balanced supply-demand dynamics, though it comes with notable seasonality. Investors who can manage cash flow through softer winter months and target larger properties may find competitive returns, especially given the limited supply of just 25 active listings.

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

The average daily rate in Middlebury is $205, which is below Indiana's statewide average of $290. ADR varies significantly by property size — one-bedroom listings average $126 per night, while three-bedroom properties command $214. This gap highlights the premium guests are willing to pay for larger accommodations in the area.

Are short-term rentals legal in Middlebury?

Short-term rentals generally operate in Middlebury, Indiana, as evidenced by the 25 active Airbnb listings currently in the market. However, local regulations regarding permits, zoning, and operational requirements can vary and may change over time. Prospective investors should verify all applicable rules with the Town of Middlebury and Elkhart County before purchasing or listing a property.

When is peak season for Airbnb in Middlebury?

Peak season in Middlebury runs from June through October, with July being the highest-earning month at an average of $4,243 in revenue. September ($3,781) and August ($3,754) are close behind. The off-peak period spans November through April, with February being the slowest month at roughly $1,300 — a spread of nearly $3,000 between the best and worst months.

How many Airbnbs are there in Middlebury?

Middlebury currently has 25 active Airbnb listings as of April 2026. The market has seen substantial growth, with a 108% year-over-year increase in active listings. The supply is split primarily between one-bedroom (7 listings) and three-bedroom (8 listings) properties, with limited representation in other size categories.

How is Airbnb revenue calculated in Middlebury?

The annual and monthly revenue figures for Middlebury 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 approach 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 by market
• Average daily rate, occupancy, and RevPAN metrics based on current and trailing performance
• Monthly and annual revenue estimates derived from historical booking data
• Property size breakdowns covering listings, rates, occupancy, and revenue
• Data sourced from Rabbu proprietary analytics and Zillow Home Value Index for consistency

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. Local regulations, permit requirements, and tax obligations may change; always verify current rules with municipal and county authorities before investing. Individual property results will vary based on location, condition, pricing strategy, and management quality.