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

Shipshewana Short-Term Rental Market Overview

Shipshewana, a small Indiana community renowned for its Amish heritage, flea markets, and rural tourism, supports a compact but growing short-term rental market with just 24 active Airbnb listings. The market posts an average annual revenue of $35,829 per listing, an ADR of $219 (below the $290 state average but well-suited to local property costs), and a 34% occupancy rate that slightly edges out the Indiana average. With year-over-year listing growth of 86%, investor interest is clearly accelerating — though the small total supply means even a handful of new entrants can move that percentage significantly.

Key Market Statistics

According to Rabbu market data, the Shipshewana 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 Shipshewana

Shipshewana's blend of niche tourism appeal, low listing competition, and property prices that support workable revenue-to-cost ratios makes it a compelling option for investors seeking a small-market play.

Expert Market Assessment

"With an ROI score of 61 out of 100, Shipshewana lands in the "Attractive Opportunity" band — a market where revenue, occupancy, and property costs align favorably enough to warrant serious consideration. The deep seasonality is the defining feature: July listings average $5,596 in revenue while February dips to $1,129, so investors need to budget for lean months. On the positive side, the small supply pool means well-managed properties with standout amenities can capture an outsized share of peak-season demand, and the above-average growth trend suggests the visitor base is expanding."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Shipshewana

Average revenue by month in Shipshewana

Shipshewana exhibits dramatic seasonality, with July ($5,596) generating nearly five times the revenue of February ($1,129). The lucrative window from May through September accounts for the vast majority of annual earnings, so investors should price aggressively during peak months and plan for thin cash flow from December through March.

Active Airbnb listings by property size in Shipshewana

Three-bedroom properties dominate supply with 8 of the 24 active listings, while 1-bedroom and 2-bedroom units each account for 5. The relatively balanced split suggests no single property size is dramatically oversaturated, though the slight lean toward 3-bedrooms reflects investor preference for higher-revenue configurations.

Average daily rate (ADR) by property size in Shipshewana

ADR scales meaningfully with size: 1-bedrooms average $132 per night, 2-bedrooms come in at $169, and 3-bedrooms command $256 — nearly double the smallest category. The jump from 2 to 3 bedrooms is particularly steep, suggesting strong guest willingness to pay a premium for larger group-friendly properties in this market.

Average RevPAN by property size in Shipshewana

Three-bedroom properties lead in RevPAN at $68, followed by 1-bedrooms at $56, with 2-bedrooms trailing at $38. The 2-bedroom segment's lower RevPAN reflects its 23% occupancy rate, indicating that mid-sized units may face a positioning challenge between budget-friendly studios and family-sized homes.

Average occupancy rates by property size in Shipshewana

One-bedroom listings achieve the highest occupancy at 43%, likely due to couples and solo travelers seeking affordable Amish-country getaways. Two-bedroom (23%) and 3-bedroom (27%) units fill at lower rates, which means cash-flow stability for smaller properties is comparatively stronger despite their lower nightly rate.

Average monthly revenue by property size in Shipshewana

Monthly revenue climbs with property size — 1-bedrooms average $2,278, 2-bedrooms $2,701, and 3-bedrooms lead at $2,977. The gap between sizes is narrower than ADR differences suggest, since 1-bedroom units compensate with substantially higher occupancy.

Average annual revenue by property size in Shipshewana

Three-bedroom properties top the annual revenue chart at $35,731, with 2-bedrooms at $32,413 and 1-bedrooms at $27,343. Given that acquisition costs for smaller properties are typically lower, 1-bedroom units may offer competitive yield percentages even though their raw revenue is the lowest of the three categories.

Most common amenities for Airbnb listings in Shipshewana

Parking is universal at 100% of listings — unsurprising in a rural market where guests arrive by car — followed by kitchens (92%) and self check-in (83%). Outdoor-oriented amenities like backyards (79%), patios (71%), and outdoor furniture (50%) dominate the list, signaling that guests expect a relaxing rural retreat experience; standout additions like hot tubs (8%) or lake access (13%) remain rare and could differentiate a new listing.

Understanding Shipshewana's ROI Score: 61/100

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

Shipshewana's ROI score of 61 out of 100 places it in the "Attractive Opportunity" band, reflecting a market where revenue relative to property prices is average, occupancy stability holds steady, and — crucially — the market growth trend rates above average, signaling expanding demand. The supply/demand balance is rated average, meaning competition hasn't yet outpaced visitor interest despite the 86% year-over-year listing growth. Investors should pair these metrics with on-the-ground regulatory research and seasonal cash-flow planning to build a realistic underwriting model.

Short-Term Rental Regulations in Shipshewana

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

Permit Requirements

Operators considering a short-term rental in Shipshewana, Indiana, should verify whether local permits or business registrations are required by contacting LaGrange County or the Town of Shipshewana directly. Indiana does not impose a statewide STR permit framework, so requirements can vary at the municipal level.

Key Restrictions

Common restrictions that may apply include occupancy limits, minimum-stay requirements, noise ordinances, parking regulations, and any applicable HOA or deed restrictions on the property. Investors should also confirm zoning compatibility before purchasing, as small rural communities sometimes limit commercial uses in residential areas.

Tax Obligations

Indiana levies a state sales tax and counties may impose an innkeeper's tax on short-term lodging; hosts should confirm the applicable rates for LaGrange County. Major booking platforms typically collect and remit state-level taxes on behalf of hosts, but local tax obligations may still require separate filing.

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

Future Outlook & Long-Term Forecast

"Shipshewana's pronounced summer seasonality — July revenue runs nearly five times the February low — suggests that the next 12–18 months will follow a familiar pattern of strong May-through-September demand bookended by quieter winters. The above-average market growth trend in Rabbu's ROI model points to expanding visitor interest, and ADR could see modest increases of 2–5% as the market matures and hosts refine pricing strategies. Occupancy may settle in the 32–36% range annually, with summer months pushing well above 50%. Investors should plan cash reserves for the slower January–March stretch while capitalizing on the lucrative warm-weather window."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Shipshewana, IN

What is the average Airbnb occupancy rate in Shipshewana?

The average occupancy rate for Airbnb listings in Shipshewana is currently 34%, which slightly exceeds the Indiana state average of 32%. Occupancy varies significantly by property size — 1-bedroom units lead at 43%, while 2-bedroom properties average around 23%. Seasonal swings are substantial, with summer months driving the bulk of booked nights.

How much do Airbnb hosts make in Shipshewana?

On average, Airbnb hosts in Shipshewana earn approximately $2,985 per month and $35,829 per year based on the trailing 12 months of booking data. Revenue is heavily seasonal: July averages around $5,596 per listing while February drops to roughly $1,129. Larger 3-bedroom properties tend to earn the most, averaging $35,731 annually, though 1-bedroom units also perform well relative to their size.

Is Shipshewana a good market for Airbnb investment?

Shipshewana scores a 61 out of 100 on Rabbu's ROI Score, placing it in the "Attractive Opportunity" category. The market benefits from niche Amish-country tourism, limited competition with only 24 active listings, and a revenue-to-price ratio rated as average. Investors should be prepared for significant seasonality and plan finances to cover slower winter months, but the above-average growth trend suggests demand is heading in the right direction.

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

The average daily rate for Airbnb listings in Shipshewana is $219, which sits below the Indiana state average of $290. ADR scales with property size: 1-bedroom listings average $132, 2-bedrooms come in at $169, and 3-bedroom properties command $256 per night. The lower ADR relative to the state reflects the rural market's positioning, but it pairs well with more affordable property acquisition costs.

Are short-term rentals legal in Shipshewana?

Short-term rentals operate in Shipshewana, with 24 active Airbnb listings currently on the market. However, local permit requirements and zoning rules can vary, so prospective hosts should verify regulations with the Town of Shipshewana and LaGrange County before purchasing or listing a property. Indiana does not have a blanket statewide STR ban, but individual municipalities may impose their own rules.

When is peak season for Airbnb in Shipshewana?

Peak season in Shipshewana runs from May through September, with July delivering the highest average monthly revenue at $5,596 per listing. June and August are close behind at $4,768 and $5,395 respectively. The off-peak months of January through March see significantly lower revenue, with February averaging just $1,129 — making this a heavily seasonal market tied to warm-weather tourism and events like the Shipshewana Flea Market.

How many Airbnbs are there in Shipshewana?

There are currently 24 active Airbnb listings in Shipshewana as of April 2026. The supply breaks down primarily into 1-bedroom (5 listings), 2-bedroom (5 listings), and 3-bedroom (8 listings) properties. The market has seen significant year-over-year growth of 86% in active listings, though the small base means even a few new properties can swing that percentage.

How is Airbnb revenue calculated in Shipshewana?

The annual and monthly revenue figures shown for Shipshewana 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 the remainder up to 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. Individual results can vary based on property quality, pricing strategy, and how effectively 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 Shipshewana market
• Occupancy rates and average daily rate trends by property size
• Revenue and yield metrics including RevPAN, monthly, and annual averages
• Popular amenity prevalence across active listings
• Data aggregated from Rabbu proprietary analytics and 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 averages as of April 2026; actual market conditions may shift due to seasonal, economic, or regulatory changes. Local regulations and tax obligations should be independently verified before making any investment decision.