Evansville

As of May 2026, Evansville, Bloomington, Louisville, Nashville have 1,414 active Airbnb and VRBO listings. This represents a 5% increase from the previous year.

The average Airbnb or VRBO in Evansville generates $26K per year. High-performing properties earn $50K/year, while low-performing properties earn $10K/year. The wide earnings gap suggests significant variance in revenue capture, indicating that market performance is heavily bifurcated rather than uniform across all listings.

Average home prices in Evansville vary by property size: 1-bedroom properties cost approximately $81K, 2-bedroom homes average $133K, 3-bedroom properties are around $209K, and 4+ bedroom homes average $294K. These prices reflect median home values across the Evansville, Bloomington, Louisville, Nashville area.

Airbnb and VRBO can be profitable in Evansville, with an average gross yield of 15% across all properties. High-performing properties achieve yields up to 30%, which is considered top for short-term rental investment. Such a spread highlights a clear divide between asset optimization and standard operational output.

The average occupancy rate for Airbnbs and VRBOs in Evansville is 36%. This occupancy level, combined with an average nightly rate of $174, results in a RevPAR (revenue per available room) of $50 per day.

1-bedroom properties demonstrate the strongest performance in Evansville, with an average gross yield of 19% and annual revenue of $16K. These properties balance purchase price ($81K), operating costs, and rental demand most effectively in the Evansville market.

Short-term rental regulations vary by jurisdiction in the Evansville area. Evansville: Lenient. No specific STR regulations or permits required. Operates under general business licensing and zoning. Minimal enforcement. Bloomington: Moderate. Registration required, owner-occupancy for certain zones, density limits in neighborhoods. Moderate enforcement with complaint-driven action. Louisville: Moderate. Business license and STR permit required, inspections needed, some zoning restrictions. Moderate enforcement, complaint-based. Nashville: Strict. Owner-occupancy required for non-commercial zones, permit mandatory, density caps, no new non-owner-occupied permits since 2022. Active enforcement. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Evansville Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 5% year-over-year, while RevPAR has decreased 17%. This indicates balanced supply-demand dynamics. The contraction in revenue amidst rising inventory points toward a saturation point where new supply outpaces current demand absorption.

Launch around April, 2-3 months before peak fall season (July peaks). This pre-peak timing lets you build reviews when competition is -20% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (December-January) when gaining traction is harder.

The most common amenities in Evansville listings include: Air Conditioning (99%), Kitchen (95%), Tv (88%), Washing Machine (77%), Heating (73%). Amenities that boost revenue the most include Lake Access, Hot Tub, Air Conditioning, with Lake Access properties earning approximately 57% more ($53K/year vs $34K/year).

Monthly estimated revenue per listing in Evansville over the last 12 months: May: $2K, June: $2K, July: $2K, August: $2K, September: $1K, October: $2K, November: $2K, December: $1K, January: $910, February: $856, March: $2K, April: $2K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Evansville is $174, up 11% year-over-year. By property size: 1-bedroom properties average $120/night, 2-bedroom properties average $150/night, 3-bedroom properties average $192/night, 4+ bedroom properties average $339/night. Rates peak in July and are lowest in February.

Guests in Evansville book an average of 31 days in advance, down 14% from last year. By property size: 1-bedroom: 31 days, 2-bedroom: 31 days, 3-bedroom: 30 days, 4+ bedroom: 36 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Evansville Airbnb and VRBO market has seen the following changes: supply grew 5%, revenue per listing decreased 17%, occupancy fell 10%, average nightly rates increased 11%, and lead time decreased 14%. These shifts reflect a tightening market environment where hosts are attempting to offset lower volume through higher pricing.

In Evansville, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Saturday and are lowest on Tuesday. Weekends show 47% higher occupancy than weekdays.