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Airbnb Guide: Best Neighborhoods to Invest in Indianapolis

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!

Best Cities to Airbnb near Indianapolis

Avoid unprofitable rental markets and go only for the Best neighborhoods to invest in Indianapolis for Airbnb. Find the leads from this article!

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.

best neighborhoods to invest in indianapolis

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.

best neighborhoods to invest in indianapolis

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.

best neighborhoods to invest in indianapolis

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!

airbtics-logo-300x87
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!

best area for airbnb in washington dc

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!

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Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

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Airbnb Investment All About Airbnb

Investing in Property for Sale: How to Buy A Profitable Property for Airbnb in Indianapolis City Center

airbnb property for sale Indianapolis City Center

Indianapolis is a remarkable city that continuously develops and offers plenty of opportunities for property investors. Aside from its superb green parks, sports facilities, and diverse gastronomy, Indianapolis is also an eye-catcher for investors as the housing prices are affordable.

To begin with, if you are considering investing in Indianapolis, it’s certainly important to consider the major costs and revenue before deciding to purchase a property. Here’s an interesting fact: Indianapolis is one of the best cities to start an Airbnb in the USA!

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“ Indianapolis (Marion County) is currently a hot seller’s real estate market – which means that the demand from buyers is exceeding the current supply of homes for sale. The pricing of homes is trending higher and is more attractive for sellers in the current phase.”  

–  Norada Real Estate Investments report on the Indianapolis Housing Market

Aside from looking at a property’s fascinating architectural design, proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability. In this article, we’ll discuss the metrics in order to gauge the best property investment.

This includes the best website recommendations for property investment in Indianapolis, property gross rental yield, cash-on-cash return, and annual revenue, along with some of the most ideal and profitable properties according to their location. Stoked to learn more? Continue reading!

Is Property Investment Profitable in Indianapolis City Centre?

Using an Airbnb calculator, the answer to the question “how much can I make on Airbnb?” can be easily answered! It was discovered that a 3-bedroom apartment in Indianapolis City Centre can generate an annual revenue of $57,250 with a steady occupancy rate of 57% and a nightly rate of $232.

airbnb property for sale Indianapolis City Center

airbnb property for sale Indianapolis City Center

Houses for Sale in Indianapolis City Centre

Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. It’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage. 

At the same time, it’s even better when a property investor like you conducts research about predicted growths and market forecasts. Some of the preferred neighborhoods in Indianapolis are Bates Hendricks, Irvington, and Downtown Indianapolis. Here are some of the profitable properties in Indianapolis City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:

airbnb property for sale Indianapolis City Center
airbnb property for sale Indianapolis City Center

3037 Guilford Ave Lot 10, Indianapolis, IN 46205

1. Studio-type Property for Sale Indianapolis
1.1 miles to Joyce Kilmer School 69

Asking Price: $59,900

GROSS RENTAL YIELD 24.38%
ANNUAL REVENUE $14,603
CASH ON CASH RETURN 47.37%
airbnb property for sale Indianapolis City Center
airbnb property for sale Indianapolis City Center

6321 Brush Run Ct, Indianapolis, IN 46268

2. 1-Bedroom Property for Sale Indianapolis
0.5 miles to Pike High School

Asking Price: $80,000

GROSS RENTAL YIELD 22.43%
ANNUAL REVENUE $17,941
CASH ON CASH RETURN 41.51%
2-Bedroom Indianapolis
2-Bedroom Indianapolis

1111 Westbrook Ave, Indianapolis, IN 46241

3. 2-Bedroom Property for Sale Indianapolis
 0.6 miles to Maplewood Elementary School

Asking Price: $109,900

GROSS RENTAL YIELD 22.91%
ANNUAL REVENUE $25,182
CASH ON CASH RETURN 42.97%
3-Bedroom Indianapolis
3-Bedroom Indianapolis

5040 Allisonville Rd UNIT D, Indianapolis, IN 46205

4. 3-Bedroom Property for Sale Indianapolis
Near Pets ‘R’ us – Dog Walking & Pet services

Asking Price: $119,000

GROSS RENTAL YIELD 24.01%
ANNUAL REVENUE $28,567
CASH ON CASH RETURN 46.25%
4-Bedroom Indianapolis
4-Bedroom Indianapolis

1139 E 35th St, Indianapolis, IN 46205

5. 4-Bedroom Property for Sale Indianapolis
0.7 miles Louis B. Russell Jr. School 48

Asking Price: $165,000

GROSS RENTAL YIELD 24.92%
ANNUAL REVENUE $41,114
CASH ON CASH RETURN 48.99%

Conclusion

Since Airbnb is rapidly increasing and constantly changing for each city in the world, it is crucial to make decisions based on wild guesses. The data points mentioned in this article for Indianapolis such as Airbnb occupancy rates, annual revenue, and average daily rate should be the primary basis before investing in a property. 

Hence, if the data presented above has given you ideas to boost your strategic pricing plan for your business, then an Airbnb rental arbitrage calculator is certainly what you need for success in the long run. It’s a fact that some of the STR investors are also considering Airbnb Rental Arbitrage, but they still need to have a reliable data tool on which to base their conclusions! 

As we live in a digital era, an accurate data analytics tool can help your business stand out among your surrounding competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city.

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