8 tracked markets
Source: BNBCalc market metadata · Reviewed by Parker Place, CTO of BNBCalc.com · Data updated August 17, 2026
Michigan City is the top Indiana short-term rental market across Airbnb and Vrbo by gross yield, with 18.9% gross yield, $48,215 in average annual revenue, and 774 active listings.
Top gross yield
18.9%
Michigan City
Median gross yield
14.8%
8 markets with yield data
Median annual revenue
$39.4K
Average listing revenue
Tracked markets
8
Statewide market coverage
Filter market rankings
Default rankings show all bedrooms at the average performance tier.
Bedroom count
Performance tier
#1
Michigan City presents an attractive opportunity for short-term rental investors, boasting a 16.7% gross yield and $42,040 in annual revenue. To succeed among the 716 active listings, hosts must navigate a 36% occupancy rate while leveraging the strong average daily rate of $297.
Yield
18.9%
Revenue
$48.2K
Listings
774
#2
South Bend offers short-term rental investors a strong $398 average daily rate, driving a 13.3% gross yield and $41,203 in annual revenue. However, the low 28% occupancy rate across 1,321 active listings suggests that demand is highly seasonal, requiring owners to maximize peak periods to maintain profitability.
Yield
18.1%
Revenue
$58.1K
Listings
1,396
#3
In Evansville, short-term rental properties deliver a solid 15.2% gross yield and a steady 36% occupancy rate. To successfully capture the $25,577 in annual revenue, active investors must navigate 888 active listings while pricing their properties competitively around the market's $174 average daily rate.
Yield
17.8%
Revenue
$30.7K
Listings
947
#4
In Indianapolis, short-term rental investors can capitalize on a solid 13.1% gross yield and a steady average daily rate of $212. While the market features a substantial 2,830 active listings, managing the relatively low 38% occupancy rate is crucial to consistently achieving the area's average annual revenue of $32,767.
Yield
15.6%
Revenue
$39.6K
Listings
2,991
#5
Logansport, Indiana offers short-term rental investors a solid 12.1% gross yield and a healthy average daily rate of $229 across 239 active listings. However, buyers must carefully weigh this yield against a low 29% occupancy rate and limited annual revenue of $24,848.
Yield
14.1%
Revenue
$29.7K
Listings
274
#6
The Bloomington short-term rental market delivers a solid 12.7% gross yield and an attractive average daily rate of $299. However, with 494 active listings, investors must focus on maximizing property appeal to overcome a low 30% occupancy rate and capture the average annual revenue of $36,591.
Yield
14.0%
Revenue
$41.1K
Listings
524
#7
The Angola short-term rental market presents a solid 10.3% gross yield and an average daily rate of $246 for prospective buyers. However, with a low 32% occupancy rate across 234 active listings, investors must focus on property differentiation to consistently capture the market's $30,143 in annual revenue.
Yield
12.9%
Revenue
$39.1K
Listings
245
#8
In Fort Wayne, short-term rental investors can achieve an 8.8% gross yield with an average daily rate of $174. While there are 480 active listings, the 37% occupancy rate means properties must be priced competitively to reach the average annual revenue of $23,082.
Yield
10.1%
Revenue
$27.0K
Listings
504
Every market below links to its full BNBCalc market page. Rankings use gross yield first, then annual revenue when yield is missing.
Active listings are Airbnb and Vrbo listings observed as active in the selected market metadata segment. The all-bedrooms view uses all active listings in that market; bedroom filters use the active listing count for the selected bedroom group.
| Rank | Market | Gross yield | Annual revenue | Monthly revenue | ADR | Occupancy | Listings | Purchase price |
|---|---|---|---|---|---|---|---|---|
| #1 | Michigan City | 18.9% | $48,215 | $4,018 | $272 | 41% | 774 | $255,641 |
| #2 | South Bend | 18.1% | $58,099 | $4,842 | $383 | 35% | 1,396 | $320,282 |
| #3 | Evansville | 17.8% | $30,665 | $2,555 | $168 | 42% | 947 | $171,890 |
| #4 | Indianapolis | 15.6% | $39,596 | $3,300 | $209 | 44% | 2,991 | $254,071 |
| #5 | Logansport | 14.1% | $29,671 | $2,473 | $218 | 34% | 274 | $210,511 |
| #6 | Bloomington | 14.0% | $41,067 | $3,422 | $280 | 35% | 524 | $293,005 |
| #7 | Angola | 12.9% | $39,133 | $3,261 | $257 | 37% | 245 | $302,199 |
| #8 | Fort Wayne | 10.1% | $26,992 | $2,249 | $163 | 44% | 504 | $267,869 |
For US markets, BNBCalc ranks state market pages by gross yield: annual Airbnb and Vrbo short-term rental revenue divided by estimated property value. Gross yield is a fast way to compare market-level opportunity before operating expenses, financing, taxes, insurance, seasonality, and local rules.
Annual revenue uses ADR, adjusted occupancy, and estimated cleaning revenue when cleaning and stay data exists.
ADR is nightly-only and excludes cleaning fees and other guest fees.
Occupancy is adjusted occupancy of bookable nights, excluding host-blocked nights.
Gross yield uses annual revenue divided by estimated property value; it does not include operating expenses, financing, taxes, or local regulation risk.