Fishers, Indiana Short-Term Rental Market
Fishers, IN STRs need a UDO 5.4.6(D) license, separate from the city's long-term rental registry. June 2026 area ADR was $196.
Quick Answer: Fishers, Indiana is an active short-term rental market. average occupancy in the Indianapolis market area is 64%. average monthly revenue in the Indianapolis market area is $3,557. average daily rate in the Indianapolis market area is $196.
Market data reflects the Indianapolis regional market, which includes Fishers. Regulations, taxes, and permit details below are specific to Fishers.
Market Overview
Fishers regulates short-term rentals under Unified Development Ordinance (UDO) Section 5.4.6(D), a separate track from the citywide long-term rental registration ordinance that took effect January 1, 2026 (which registers single-family long-term rentals and caps them at 10% per subdivision). STRs are not covered by that long-term cap; they remain governed solely by UDO 5.4.6(D), which sets occupancy limits tied to bedroom count, off-street parking requirements, noise restrictions, and periodic building-safety inspection. Reporting from a secondary source indicates no application fee currently, though that could not be confirmed against the primary ordinance; Indiana state law (IC 36-1-24) caps local STR permit fees and bars outright local bans.
Fishers is an affluent, fast-growing Indianapolis suburb in Hamilton County, the wealthiest county in Indiana, population 102,337. Hamilton County hosts more than 5 million visitors annually with visitor spending exceeding $1.2 billion in 2024, and Fishers is one of the county’s anchor destinations.
StaySTRA tracks Fishers’s ADR, occupancy, and revenue at a shared regional level with Lebanon, Sheridan, Whiteland, and Zionsville, all Indianapolis-metro communities, so the figures below describe the Indianapolis metro area STR market. In June 2026, the Indianapolis metro area STR market posted a blended ADR of $196.43 and 63.5% occupancy, with average monthly revenue of $3,557/listing. Occupancy is up 12.82 percentage points, ADR is up 12.33%, and revenue is up 18.55% year over year, a notably strong across-the-board gain.
Listing-tier ADR, property-type revenue, bedroom mix, listing-type breakdown, and top-property-manager data are not currently published for this market, so this profile omits those breakdowns.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 47% |
| Feb | 52% |
| Mar | 55% |
| Apr | 56% |
| May | 60% |
| Jun | 61% |
| Jul | 64% |
| Aug | 55% |
| Sep | 54% |
| Oct | 57% |
| Nov | 54% |
| Dec | 51% |
Month-by-month nightly rates and revenue figures for Fishers 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 Fishers — 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
Short-term rentals are legal in Fishers, Indiana, and the city is generally considered welcoming to Airbnb and VRBO hosts. Operators must obtain a short-term rental license from the city under Unified Development Ordinance (UDO) Section 5.4.6(D), submitting proof of ownership, floor plans, and evidence of building-code compliance, and submitting to periodic inspections. Reporting from a secondary STR guide indicates no current application or permit fee, though this could not be confirmed against the primary ordinance; Indiana state law (IC 36-1-24) caps local STR permit fees and bars outright bans regardless.
Importantly, STRs are not covered by the separate citywide long-term rental registration ordinance that took effect January 1, 2026 (which registers single-family long-term rentals and caps them at 10% per subdivision); STRs remain governed solely by UDO 5.4.6(D).
On taxes, rentals under 30 days owe the Hamilton County innkeeper’s tax of 8% (raised from 5% effective January 1, 2024) plus Indiana’s 7% state sales tax, roughly 15% combined; Fishers itself levies no additional local STR tax. UDO standards include occupancy limits tied to bedroom count, off-street parking, noise limits, and safety compliance. Enforcement is rated moderate and complaint-driven, focused on noise, overcrowding, and safety rather than aggressive shutdowns. Owner-occupancy or primary-residence requirements and any annual night caps were not confirmed in primary sources; investors should verify directly with the City of Fishers Planning & Zoning department.
Market Comparison
The Indianapolis metro area STR market’s June 2026 occupancy of 63.5% runs above the commonly cited US STR median of roughly 55%, while its $196.43 blended ADR sits below the roughly $220 US median, a higher-occupancy, value-rate profile.
Top-property-manager data is not currently published uniquely for Fishers in this snapshot (tracked at a shared regional level with Lebanon, Sheridan, Whiteland, and Zionsville instead), so this profile omits a named-operator comparison.
Frequently Asked Questions About Fishers, Indiana
What permit does a Fishers, IN short-term rental need?
Does the Fishers long-term rental cap apply to Airbnbs?
What is the average daily rate for short-term rentals in Fishers, IN?
What taxes apply to short-term rentals in Fishers?
Does Fishers require owner-occupancy for short-term rentals?
When is the busiest season for short-term rentals in the Indianapolis metro area?
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