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

Mishawaka Short-Term Rental Market Overview

Mishawaka, IN earns a Standout Opportunity ROI score of 75 out of 100, driven largely by an above-average revenue-to-price ratio that makes it one of the more accessible entry points for STR investors in Indiana. With an average daily rate of $367 — well above the $290 state average — and average home values around $315,656, the market offers an attractive income-to-acquisition-cost dynamic. The small supply base of just 41 active Airbnb listings and sharp seasonal demand spikes, particularly in fall, create a niche opportunity for well-positioned hosts.

Key Market Statistics

According to Rabbu market data, the Mishawaka 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 Mishawaka

Mishawaka's compelling revenue-to-price ratio and proximity to major demand generators make it an attractive, if seasonal, market for STR investors seeking yield without heavy acquisition costs.

Expert Market Assessment

"Mishawaka presents a moderate-to-strong opportunity for investors who understand and can capitalize on its sharp seasonal curve. Revenue peaks dramatically in September ($7,031) and October ($5,681), while winter months dip below $1,200 — a spread that rewards active pricing management. The above-average revenue-to-price ratio anchors the market's appeal, though the 30% average occupancy rate (slightly below Indiana's 32% average) and below-average growth trend mean this isn't a set-it-and-forget-it market. Investors willing to optimize for peak-season demand and manage lean winters will find the economics favorable, especially in larger properties."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Mishawaka

Average revenue by month in Mishawaka

Mishawaka exhibits extreme seasonality, with September ($7,031) generating more than seven times the revenue of February ($985). The fall surge from August through November drives the majority of annual income, making active pricing and calendar management essential for maximizing returns.

Active Airbnb listings by property size in Mishawaka

Three-bedroom properties make up the largest share of supply at 13 listings, followed closely by 2-bedrooms (12) and 1-bedrooms (8). The relatively balanced distribution across sizes suggests no single configuration is dramatically underserved, though the smaller 1-bedroom segment may offer less competition.

Average daily rate (ADR) by property size in Mishawaka

ADR scales sharply with property size in Mishawaka — 3-bedroom listings command $589 per night, more than double the $241 rate for 2-bedrooms and roughly five times the $117 for 1-bedrooms. This steep premium for larger properties suggests strong group or event-driven demand that rewards investors in higher-capacity homes.

Average RevPAN by property size in Mishawaka

Three-bedroom properties dominate RevPAN at $180, more than three times the $54 earned by 2-bedrooms and nearly five times the $39 for 1-bedrooms. This gap indicates that despite similar occupancy levels, the ADR premium on larger homes translates directly into substantially better per-night revenue efficiency.

Average occupancy rates by property size in Mishawaka

Occupancy rates are relatively consistent across sizes, with 1-bedrooms at 33%, 3-bedrooms at 31%, and 2-bedrooms lagging at 23%. The lower 2-bedroom occupancy combined with a mid-range ADR positions that segment as potentially the least efficient option for investors focused on cash-flow consistency.

Average monthly revenue by property size in Mishawaka

Three-bedroom properties lead monthly revenue at $4,370, nearly double the $2,462 generated by 2-bedrooms and well ahead of the $1,846 for 1-bedrooms. The revenue gap underscores the outsized earning potential of larger configurations in this event-driven market.

Average annual revenue by property size in Mishawaka

At $52,445 in annual revenue, 3-bedroom listings earn roughly 2.4 times more than 1-bedrooms ($22,163) and 77% more than 2-bedrooms ($29,550). For investors weighing acquisition costs against income potential, the 3-bedroom segment clearly offers the strongest return profile in Mishawaka.

Most common amenities for Airbnb listings in Mishawaka

Kitchens (100%) and parking (98%) are virtually universal in Mishawaka listings, while self check-in (76%), washers (73%), and dryers (68%) form the next tier of expected amenities. The prevalence of backyards (63%) and workspaces (66%) suggests guests value home-like comfort, and differentiators like hot tubs (5%) and waterfront access (7%) remain rare opportunities to stand out.

Understanding Mishawaka's ROI Score: 75/100

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

Mishawaka's ROI score of 75 out of 100 places it in the Standout Opportunity tier, driven primarily by an above-average revenue-to-price ratio — the single most important factor at 40% weight. Occupancy stability and supply/demand balance both rate as average, while the market growth trend sits below average, suggesting the market's appeal is rooted in current yield rather than rapid expansion. Investors should pair these metrics with thorough local regulatory research and a realistic seasonal cash-flow plan to make the most of this opportunity.

Short-Term Rental Regulations in Mishawaka

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

Permit Requirements

Short-term rental operators in Mishawaka, Indiana may be required to obtain a business license or STR-specific permit before listing their property. Investors should verify current registration requirements directly with the City of Mishawaka and relevant St. Joseph County offices, as local ordinances can change.

Key Restrictions

Common restrictions in Indiana markets like Mishawaka can include occupancy limits, parking requirements, noise ordinances, and minimum stay durations. HOA covenants may impose additional limitations on short-term rental activity, so reviewing any applicable deed restrictions 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 full tax obligations with the Indiana Department of Revenue.

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

Future Outlook & Long-Term Forecast

"Looking ahead 12–18 months, Mishawaka's pronounced seasonality — with September revenue roughly six times higher than February — suggests continued strong performance during the fall event season, likely tied to university-related activity at nearby Notre Dame. ADR could see modest increases in the 2–4% range for peak months given the limited supply, though the below-average market growth trend and 30% occupancy rate indicate that off-season performance may remain soft. Investors should plan for significant revenue swings and budget accordingly, with annual revenue estimates likely holding in the $33,000–$38,000 range for typical listings."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Mishawaka, IN

What is the average Airbnb occupancy rate in Mishawaka?

The average Airbnb occupancy rate in Mishawaka is currently 30%, which sits just below the Indiana state average of 32%. Occupancy varies considerably by property size, with 1-bedroom units leading at 33% and 2-bedroom properties trailing at 23%. The market's heavy seasonality — with fall months driving the bulk of bookings — means occupancy rates fluctuate significantly throughout the year.

How much do Airbnb hosts make in Mishawaka?

Airbnb hosts in Mishawaka earn an average of $2,992 per month, translating to approximately $35,912 in annual revenue based on trailing 12-month performance. Revenue varies substantially by property size: 1-bedroom listings average $22,163 annually, 2-bedrooms bring in about $29,550, and 3-bedroom properties lead at $52,445 per year. Peak months like September can push monthly revenue above $7,000, while winter months may drop below $1,200.

Is Mishawaka a good market for Airbnb investment?

Mishawaka earns a Standout Opportunity ROI score of 75 out of 100 from Rabbu, supported primarily by its above-average revenue-to-price ratio. Average home values around $315,656 paired with annual revenue near $35,912 create an attractive yield profile. However, investors should account for pronounced seasonality and a below-average market growth trend. Larger properties — particularly 3-bedroom homes — offer the strongest revenue potential and may provide the best return on investment.

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

The average daily rate for Airbnb listings in Mishawaka is $367, which is 26% higher than the Indiana state average of $290. ADR scales significantly with property size: 1-bedroom listings average $117, 2-bedrooms reach $241, and 3-bedroom properties command a premium $589 per night. This pricing structure reflects strong demand for larger properties, likely driven by group travel during peak event periods.

Are short-term rentals legal in Mishawaka?

Short-term rentals are generally permitted in Mishawaka, IN, though operators may need to obtain appropriate permits or business licenses. Local regulations can include zoning restrictions, occupancy limits, and tax registration requirements. Since rules can evolve, prospective investors should consult the City of Mishawaka and St. Joseph County directly for the most current ordinances before purchasing or listing a property.

When is peak season for Airbnb in Mishawaka?

Peak season in Mishawaka runs from late summer through fall, with September leading at $7,031 in average monthly revenue — roughly six times higher than the slowest months. October ($5,681) and August ($4,154) also deliver strong performance. This pattern likely aligns with the college football season and university events at nearby Notre Dame. Winter months from January through March represent the clear off-season, with revenues dipping below $1,200.

How many Airbnbs are there in Mishawaka?

As of April 2026, there are 41 active Airbnb listings in Mishawaka. The supply is distributed across 8 one-bedroom, 12 two-bedroom, and 13 three-bedroom properties. This is a relatively small market, and the year-over-year listing count has grown by 215%, indicating increasing investor interest — though the total supply remains quite modest.

How is Airbnb revenue calculated in Mishawaka?

The annual and monthly revenue figures for Mishawaka 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. Rabbu averages each comparable listing's actual revenue per available night (RevPAN) by month over the past year, removes regional outliers, and rolls the remaining data up to a market-level historical average. Because each month uses its own historical performance, the figures naturally reflect seasonal peaks (like September's $7,031 average) and slower months (like February's $985). 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 Mishawaka market
• Average daily rate, occupancy, and RevPAN metrics with state-level comparisons
• Trailing 12-month revenue averages broken down by month and property size
• Home value data sourced from the Zillow Home Value Index (ZHVI)
• Amenity prevalence data across active listings to identify guest expectations

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 may not capture recent regulatory or market changes. Individual property results will vary based on location, condition, pricing strategy, and management quality.