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

Richmond Short-Term Rental Market Overview

Richmond, IN is a compact short-term rental market with just 32 active Airbnb listings and average home values around $256,125, creating an accessible entry point for investors. The market delivers an average annual revenue of $15,771 per listing, with a notable 71% year-over-year growth in active listings signaling rising investor interest. While occupancy sits at 26% — below the 32% Indiana state average — the above-average revenue-to-price ratio suggests that lower acquisition costs can still translate into workable returns for well-positioned properties.

Key Market Statistics

According to Rabbu market data, the Richmond 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 Richmond

Richmond's low home prices relative to rental income create an attractive revenue-to-price ratio, though investors need to be strategic about property type and seasonal management to overcome below-average occupancy.

Expert Market Assessment

"Richmond represents a competitive opportunity where the math can work, but selectivity matters. The market's above-average revenue-to-price ratio and favorable supply/demand balance are genuine strengths, counterbalanced by occupancy that trails Indiana's state average at 26%. Seasonality is pronounced — June leads at $1,882 in average monthly revenue while January bottoms out near $636, creating a roughly 3:1 peak-to-trough spread that investors need to budget around. Two-bedroom properties stand out as the strongest performers on a RevPAN basis, and investors who target that configuration while managing costs through slower winter months are best positioned to capture this market's upside."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Richmond

Average revenue by month in Richmond

Revenue in Richmond peaks in June at $1,882 and bottoms out in January at just $636, a roughly 3x spread that underscores the market's strong seasonality. The warm months from April through August consistently deliver above-average returns, while November through February represent a prolonged soft season investors should plan for.

Active Airbnb listings by property size in Richmond

One-bedroom properties dominate Richmond's supply with 12 listings, followed by 10 two-bedroom and just 6 three-bedroom units. The relatively thin three-bedroom inventory could represent an opportunity, particularly since that size generates the highest monthly and annual revenue.

Average daily rate (ADR) by property size in Richmond

Two-bedroom listings command the highest ADR at $152, edging out three-bedrooms at $147, while one-bedrooms sit at $96. The modest $5 premium for two-bedrooms over three-bedrooms suggests that stepping up to a larger property doesn't necessarily translate to higher nightly rates, making the two-bedroom configuration potentially more cost-efficient to operate.

Average RevPAN by property size in Richmond

Two-bedroom properties deliver the strongest RevPAN at $54 per available night, more than double the $23 RevPAN for one-bedrooms and nearly double the $28 for three-bedrooms. This outsized RevPAN advantage stems from two-bedrooms pairing competitive ADR with the market's highest occupancy rate, making them the clear efficiency leader.

Average occupancy rates by property size in Richmond

Two-bedroom listings achieve the highest occupancy at 36%, well above the market average and significantly ahead of one-bedrooms at 24% and three-bedrooms at 20%. The steep drop-off to 20% for three-bedroom properties suggests that while they earn more per booking, filling the calendar consistently can be a challenge in this market.

Average monthly revenue by property size in Richmond

Three-bedroom properties lead monthly revenue at $1,957, followed by two-bedrooms at $1,235 and one-bedrooms at $793. Despite their lower occupancy, three-bedroom listings earn roughly 58% more per month than two-bedrooms, driven by higher per-booking income when they do fill.

Average annual revenue by property size in Richmond

Three-bedroom listings top annual revenue at $23,484 — nearly 2.5 times the $9,523 earned by one-bedrooms and about 58% more than two-bedrooms at $14,824. For investors weighing total revenue potential against occupancy consistency, two-bedrooms offer the most reliable cash flow while three-bedrooms provide the highest ceiling.

Most common amenities for Airbnb listings in Richmond

Kitchen and parking are virtually universal at 97% of listings, reflecting baseline guest expectations in Richmond. Self check-in (63%) and workspace (59%) also feature prominently, suggesting a meaningful share of guests value flexibility and remote work capability — amenities that are relatively low-cost to add but can meaningfully differentiate a listing.

Understanding Richmond's ROI Score: 50/100

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

Richmond's ROI Score of 50 out of 100 places it in the "Competitive Opportunity" band, meaning the fundamentals are there but success requires careful property selection. The market's above-average revenue-to-price ratio and favorable supply/demand balance are offset by below-average occupancy stability, which is the single biggest drag on the score. Investors should pair these data insights with thorough local regulatory research and focus on property types — particularly two-bedrooms — that have demonstrated the strongest and most consistent performance.

Short-Term Rental Regulations in Richmond

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

Permit Requirements

Short-term rental operators in Richmond, Indiana may need to obtain local permits or register their property with the city before hosting guests. Investors should verify current requirements directly with Richmond's city offices and the State of Indiana, as regulations can change.

Key Restrictions

Common restrictions in similar Indiana markets include occupancy limits, minimum stay requirements, noise ordinances, and parking regulations. HOA rules may impose additional limitations, particularly in planned communities or condominiums, so it's important to review any applicable covenants before purchasing.

Tax Obligations

Indiana imposes a state sales tax and county innkeeper's taxes on short-term rentals, which hosts are required to collect and remit. Platforms like Airbnb often handle tax collection in many jurisdictions, but operators should confirm their specific obligations with a local tax professional.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Richmond's STR market is likely to see continued supply growth given the 71% year-over-year listing increase, which could put additional pressure on occupancy rates if demand doesn't keep pace. Seasonal patterns suggest revenue will concentrate heavily between April and August, with monthly averages potentially ranging from $1,750 to $1,900 during peak months. ADR may hold steady or see modest gains of 1–3% as the market matures, though investors should plan for soft winter months where revenue can dip below $700. Selective deal sourcing and strong operational execution will be key differentiators in this increasingly competitive environment."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Richmond, IN

What is the average Airbnb occupancy rate in Richmond?

The average Airbnb occupancy rate in Richmond, IN is currently 26%, which falls below the Indiana state average of 32%. Occupancy varies significantly by property size — two-bedroom listings lead at 36%, while three-bedroom properties trail at 20%. Investors focused on maximizing occupancy should consider the two-bedroom segment, which consistently outperforms other configurations in this market.

How much do Airbnb hosts make in Richmond?

Airbnb hosts in Richmond, IN earn an average of $1,314 per month, which translates to approximately $15,771 in average annual revenue based on trailing 12-month performance. Earnings vary by property size: one-bedroom listings average $9,523 annually, two-bedrooms bring in around $14,824, and three-bedroom properties lead at $23,484 per year. Revenue is highly seasonal, with peak months like June generating close to $1,882 and January dropping to around $636.

Is Richmond a good market for Airbnb investment?

Richmond, IN scores a 50 out of 100 on Rabbu's ROI Score, placing it in the "Competitive Opportunity" category. The market's strengths include an above-average revenue-to-price ratio thanks to home values averaging $256,125, along with favorable supply/demand balance and market growth trends. However, below-average occupancy stability means investors need to be strategic about property selection and pricing. Two-bedroom properties offer the best balance of occupancy and revenue, and the low listing count of 32 means there's still room for well-managed properties to stand out.

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

The average daily rate for Airbnb listings in Richmond, IN is $126, significantly below the Indiana state average of $290. ADR varies by property size: one-bedroom listings average $96 per night, two-bedrooms command $152, and three-bedrooms come in at $147. The lower ADR compared to statewide figures reflects Richmond's more affordable positioning, which is offset by lower acquisition costs for investors.

Are short-term rentals legal in Richmond?

Short-term rentals operate in Richmond, IN, and the market currently has 32 active Airbnb listings. However, local regulations, permit requirements, and zoning rules can change, so prospective investors should verify the current legal framework directly with the City of Richmond and relevant Indiana state agencies before purchasing a property for STR use.

When is peak season for Airbnb in Richmond?

Peak season for Airbnb in Richmond, IN runs from April through August, with June being the strongest month at an average revenue of $1,882 per listing. April ($1,765) and May ($1,754) also perform well. The slowest months are January ($636) and February ($676), creating a significant seasonal swing that investors should factor into their cash flow planning.

How many Airbnbs are there in Richmond?

Richmond, IN currently has 32 active Airbnb listings as of April 2026. The market has seen significant growth, with a 71% year-over-year increase in active listings. Supply is concentrated in smaller properties: 12 one-bedroom listings, 10 two-bedroom listings, and 6 three-bedroom listings make up the current inventory.

How is Airbnb revenue calculated in Richmond?

The annual and monthly revenue figures for Richmond 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 and slower periods. This approach anchors the numbers to what hosts have actually earned recently. Individual results can vary based on property quality, pricing strategy, and how actively 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 for the Richmond, IN market
• Average daily rates, occupancy rates, and RevPAN metrics by property size
• Monthly and annual revenue trends based on trailing 12-month booking data
• Home value estimates sourced from the Zillow Home Value Index (ZHVI)
• Amenity prevalence data across active listings in the market

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