Evansville, Indiana Short-Term Rental Market
Evansville STRs averaged $157/night at 54.5% occupancy in April 2026, with year-over-year revenue up 3.8%.
Quick Answer: Evansville, Indiana is an active short-term rental market. average occupancy in the Indiana Area market area is 58%. average monthly revenue in the Indiana Area market area is $3,808. average daily rate in the Indiana Area market area is $233. the top operator in the Indiana Area market area is Evolve with 171 listings. market score is 78/100 (grade B).
Market data reflects the Indiana Area regional market, which includes Evansville. Regulations, taxes, and permit details below are specific to Evansville.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Evansville, Indiana is the state’s third-largest city, with 116,176 residents situated at the Ohio River’s tri-state junction of Indiana, Illinois, and Kentucky. Tourism generates approximately $503 million in annual economic impact for the Vanderburgh County region, with sports events alone driving more than $25 million and 27,000+ hotel room nights in 2024. The short-term rental market here serves a mix of convention and event visitors, regional drive-market leisure travelers, and business transients.
As of April 2026, the Evansville STR market averaged $156.82 per night in ADR at 54.5% occupancy, producing a RevPAR of $85.49. Monthly revenue per active listing averaged $2,181. Year-over-year trends are positive across all three headline metrics: occupancy gained 4.95 percentage points, ADR rose 3.16%, and revenue increased 3.83%. This upward trajectory puts Evansville among the markets recovering from the 2022-2023 STR demand correction.
The inventory skews toward entire-place listings: 7,129 of roughly 7,823 tracked units are whole-home or whole-unit properties (about 91%), with 692 private-room and 2 shared-room listings. By bedroom count, the market leans toward smaller properties: 1BR (2,454 listings), 2BR (2,186), and 3BR (1,828) together account for 84% of inventory, with 4BR (787) and 5BR+ (554) properties serving larger-group travel. The market’s total score of 78.3 out of 100 and investability score of 96.8 are notably strong, reflecting a combination of affordable entry costs, growing demand, and a permissive regulatory environment.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 39% |
| Feb | 48% |
| Mar | 51% |
| Apr | 51% |
| May | 53% |
| Jun | 62% |
| Jul | 68% |
| Aug | 59% |
| Sep | 50% |
| Oct | 51% |
| Nov | 47% |
| Dec | 45% |
Month-by-month nightly rates and revenue figures for Evansville are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Indiana Area market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Indiana Area market as a whole, which includes Evansville, so these counts are not Evansville-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 171 | 6,322 | ★ 4.70 |
| 2 | Beachwalk Vacation Rentals | 139 | 4,331 | ★ 4.72 |
| 3 | General Manager of Hills O' Brown Vacation Rentals | 71 | 2,216 | ★ 4.70 |
| 4 | Imperial Access Rental | 48 | 138 | ★ 4.68 |
| 5 | MTM Premier Property Management | 40 | 1,054 | ★ 4.78 |
What Kind of STR Should I Buy in Evansville?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Evansville are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 53.5% |
| vrbo | 6.4% |
| both | 40.2% |
Home Value Trends (Evansville)
Typical home values, median sale prices, and the 10-year price trend for Evansville are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Evansville — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Evansville has a permissive STR regulatory environment relative to many Indiana cities. The city has no dedicated STR ordinance, no cap on rental nights, no owner-occupancy requirement, and no primary-residence rule.
All residential rental properties, including short-term rentals, must register annually with the City of Evansville Building Commission. The registration fee is approximately $5 per rental parcel. Indiana state law (House Bills 1035 and 1036) governs the broader framework: it prohibits cities from outright banning vacation rentals and caps any initial STR permit fee at $150.
Operators must comply with general zoning, safety, and nuisance ordinances. No STR-specific density caps or overlay districts are codified in Evansville. Enforcement is classified as minimal.
On taxes, STR stays under 30 days are subject to the Vanderburgh County innkeeper’s tax of 8%, plus Indiana’s 7% state sales tax, putting the combined lodging tax burden at approximately 15%. Airbnb and VRBO generally collect and remit these taxes on behalf of hosts.
No new STR ordinance changes were enacted as of mid-2026. The 8% innkeeper’s tax rate has been in place since September 1, 2007. Third-party commentary has speculated about a future inspection or registration regime, but nothing had been enacted at the time of the profile date.
Market Comparison
Evansville’s April 2026 occupancy of 54.5% sits near the US STR median of approximately 55%, making it a middle-of-the-pack performer by that measure. Its ADR of $157/night is meaningfully below the national STR median of approximately $220, reflecting a Midwestern regional market where hotel rates are comparably low (the CVB reported hotel ADR near $103 in mid-2024) and where STRs compete on price as much as experience.
Within Indiana, Evansville is the state’s largest STR market by population base outside Indianapolis. Its year-over-year revenue growth of 3.83% and occupancy growth of 4.95 percentage points compare favorably to many national markets that saw flat or declining occupancy in 2025-2026.
The professional management sector is moderately active. Evolve leads with 171 listings and 6,322 reviews at a 4.70 average rating. Beachwalk Vacation Rentals holds 139 listings and 4,331 reviews at a 4.72 rating. Hills O’Brown Vacation Rentals operates 71 listings with 2,216 reviews at a 4.70 rating. The top three operators together hold approximately 381 listings, representing roughly 4.9% of total tracked inventory. That concentration is low, indicating an owner-operated market where professional managers have significant room to grow.
Frequently Asked Questions About Evansville, Indiana
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