Last updated on August 8th, 2023
Best Neighborhoods to Invest in Indianapolis: Avoid unprofitable rental markets and go only for the Best neighborhoods to invest in Indianapolis for Airbnb. Find the leads from this article!
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Avoid unprofitable rental markets and go only for the Best neighborhoods to invest in Indianapolis for Airbnb. Find the leads from this article!
- Last updated on
- August 8, 2023
Key Takeaways
- Indianapolis is known as the racing capital of the world and host to other major sporting events, making it a haven for adrenaline junkies. Property investors can get equally pumped up in looking for the best real estate investment in Indianapolis.
- Indianapolis investment properties have staggering prices, but short-term rental data analytics can help investors maximize returns from their Airbnb properties.
Introduction
The high housing prices in Indianapolis make investors race for the most profitable short-term rental properties in the racing capital of the world. While it does not have to be this stressful, a lot of investors haven’t tapped into short-term rental data analytics.
This is most helpful in narrowing down prospective properties according to prices, occupancy rate, and rental revenue among others. Without data analytics, looking for rental properties can be an aimless pursuit.
So gas up your car because we are about to point you to the best real estate investments in Indianapolis and nearby cities!
Is Indianapolis good for real estate investment?
Yes, Indianapolis is excellent for real estate investment. In fact, short-term rental is the best way to go! According to Airbtics’ Insight Tool, Indianapolis has 1,117 active Airbnb listings. An Airbnb host operating a 3-bedroom unit in this city can expect an average annual revenue of $26,617 with an occupancy rate of 41%. Continue reading this article to find out which neighborhoods and their best property size give the highest annual revenue.
There are other reasons why you should consider investing in Indianapolis. You can rest assured that your investment property is located in a good city due to the following indicators:
- Multi-sector economy – Indianapolis has multiple profitable industries such as education, healthcare, and financial services which contribute to the city’s economy. Aside from these sectors, tourism is also a primary contributor to Indianapolis’ growth being a host to major sporting events that attract visitors from all over the world.
- Strong workforce – While Indianapolis is one of the most densely populated cities in the US, its workforce remains strong with a low unemployment rate. Employment is still expected to grow until 2024 with an annual rate of 2.9%.
If you still can’t afford an Indianapolis investment real estate, you can still earn passive income via rental arbitrage.
Airbnb Locations: Best Neighborhoods to Invest in Indianapolis
Let rental analytics lead you to the best areas to invest in Indianapolis for Airbnb! Luckily for you, Airbtics’ Insights Tool is so easy to use. Simply type in “Indianapolis” or any other city of your choice.
As you zoom in or drag the map, the data on the Airbtics Dashboard is also updated! You cannot find anything like this anywhere else!
Using this research method, you can find that the best rental areas in Indianapolis for Airbnb investments. Optimize your earnings by going for the best number of bedrooms!
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|---|---|---|---|---|---|
| Location | Number of Airbnb Listings | Best Number of Bedrooms | Airbnb Annual Revenue | Median Property Price | GRY |
| Meridian-Kessler | 27 | 4 Bedrooms | $240,475 | $687,450 | 34.98% |
| Downtown | 242 | 5 Bedrooms | $101,493 | $799,950 | 12.69% |
| Near Eastside | 103 | 4 Bedrooms | $64,548 | $595,000 | 10.85% |
| Near Southeast | 31 | 3 Bedrooms | $23,962 | $369,900 | 6.48% |
Airbnb Location
Airbnb Dataset
- Total Number of Airbnb Listings: 27
- Most Profitable Number of Bedrooms: 4 Bedrooms
- Airbnb Annual Revenue Potential: $240,475
- Median Property Price: $687,450
- Gross Rental Yield: 34.98%
- Total Number of Airbnb Listings: 242
- Most Profitable Number of Bedrooms: 5 Bedrooms
- Airbnb Annual Revenue Potential: $101,493
- Median Property Price: $799,950
- Gross Rental Yield: 12.69%
- Total Number of Airbnb Listings: 103
- Most Profitable Number of Bedrooms: 4 Bedrooms
- Airbnb Annual Revenue Potential: $64,548
- Median Property Price: $595,000
- Gross Rental Yield: 10.85%
- Total Number of Airbnb Listings: 31
- Most Profitable Number of Bedrooms: 3 Bedrooms
- Airbnb Annual Revenue Potential: $23,962
- Median Property Price: $369,900
- Gross Rental Yield: 6.48%
Source: Airbtics Dashboard
Maximize the Insights tool by creating your own Custom Market. You can opt to follow geographical boundaries or not, but this tool allows you to save your market for easy monitoring!
Find the Best Neighborhoods to Invest in Indianapolis with Airbnb Analytics
Airbtics has provided useful and accurate data to help investors in their investment decisions. If you’re in hot pursuit of the best neighborhoods to invest in Indianapolis, Airbtics Insights Tool can help you explore the different areas in the racing capital of the world. And as you see, it is so easy to use. Plus the data gets updated with your every move! So arm yourself with only the most powerful data analytics tool!
Wanna know if you’re pricing your Airbnb right? Check out our free short-term rental calculator!
Short-Term Rental Data
Short-Term Rental Data
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