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Lebanon, Indiana

Short-Term Rental Market Data & Investment Analysis

Lebanon, Indiana Short-Term Rental Market Overview

Population: Still gathering data
Annual Visitors: Still gathering data
Total STRs: 26
ADR: $142.71

Visitor Profile

Lebanon, Indiana, is a charming destination that attracts a diverse range of visitors each year, contributing significantly to the local economy. While exact annual visitor numbers are not publicly available, Lebanon’s strategic location near Indianapolis makes it a popular stop for both leisure and business travelers. The demographics of these visitors typically include families, couples, and groups of friends, with a notable percentage being between the ages of 25 and 54. Many visitors come to Lebanon for events, outdoor activities, and local attractions, such as the Boone County Fair and various festivals. The economic impact of tourism in Lebanon is substantial, supporting local businesses and creating jobs in the hospitality sector.

In terms of key visitor statistics, Lebanon sees a mix of tourists primarily from surrounding states, with a significant number coming from Illinois and Ohio. The average length of stay for visitors is around two to three days, often coinciding with local events or seasonal attractions. Peak seasons typically align with summer and fall, when outdoor activities and festivals are in full swing. According to the tourism bureau (https://lebanon.in.gov), the city hosts numerous events throughout the year that draw crowds, including the popular Lebanon Strawberry Festival. Visitor demographics indicate a growing interest in family-oriented activities, with many travelers seeking experiences that cater to both adults and children. The local tourism board (https://lebanon.in.gov/lebanoninevents/) provides a comprehensive event calendar that showcases the vibrant community life, making Lebanon an appealing destination for a variety of travelers. Understanding these dynamics is crucial for STR operators looking to cater to the needs of visitors and maximize occupancy rates.

Top Attractions

Lebanon, Indiana, is a charming city that offers a delightful mix of attractions for visitors of all ages. Known for its rich history and vibrant community, Lebanon is home to several signature sites that showcase the best of what this quaint town has to offer. From the picturesque landscapes of the nearby parks to the engaging cultural experiences at local museums, there is something for everyone. Whether you are exploring the outdoors or immersing yourself in the local heritage, Lebanon attractions promise a variety of memorable experiences that will leave you wanting to discover more.

One of the top attractions in Lebanon is the Boone County Historical Museum, which provides a fascinating glimpse into the area’s past through its extensive collection of artifacts and exhibits. Visitors can learn about the history of Boone County and its significance in Indiana’s development. For those who enjoy the outdoors, the Lebanon Memorial Park offers beautiful walking trails, playgrounds, and picnic areas, making it an ideal spot for families to relax and enjoy nature. Another must-visit is the Lebanon City Park, which features sports facilities, a splash pad, and scenic spots perfect for a leisurely day out. To plan your visit, check out the official visitor guide at https://visit.austin.com for more information on attractions and activities. Whether you’re a history buff or an outdoor enthusiast, Lebanon things to do are sure to provide a fulfilling experience that captures the essence of this lovely Indiana town.

Regulations

Lebanon, Indiana, has established specific regulations for short-term rentals to ensure safety, compliance, and community standards. Property owners looking to operate short-term rentals must obtain a permit from the city, which involves meeting certain criteria and adhering to local zoning laws. Additionally, short-term rental operators are required to collect and remit a 5% lodging tax on rental income. This tax is due quarterly, and failure to comply can result in penalties. Understanding these regulations is crucial for property owners to avoid fines and ensure a smooth rental operation. For those interested in the specifics, Lebanon short-term rental regulations encompass various aspects, including safety requirements and zoning restrictions, making it essential to stay informed.

Key requirements for operating a short-term rental in Lebanon include obtaining a permit from the city, as outlined in the Unified Development Ordinance (UDO) adopted on February 27, 2024. Property owners must also comply with zoning regulations, which dictate where short-term rentals can be located within the city. Safety requirements include ensuring that the property meets health and safety codes, which may involve inspections. Violations of these regulations can lead to penalties, including fines or revocation of the rental permit. For comprehensive regulatory guidance, property owners can refer to the official Code Enforcement page of the City of Lebanon (https://lebanon.in.gov/code-enforcement/) and the Unified Development Ordinance (https://lebanon.in.gov/wp-content/uploads/2024/03/LEB-UDO-Adopted-Version-on-27-Feb-2024.pdf) for detailed information on compliance and operational standards.

Vacation Rental Market Overview for Lebanon

Lebanon attracts visitors with its beaches and waterfront activities and cultural attractions and historic sites. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.

This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.

Lebanon, Indiana Market Performance Trends

LTM Avg. Daily Rate$119.00
LTM Occupancy Rate50.0%
LTM Avg. Revenue$1,454

Short-Term Rental Market Performance Analysis for Lebanon

The short-term rental market in Lebanon demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.

Market Trend Summary

Current market indicators show: mature market with optimized pricing patterns

Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.

Lebanon, Indiana Housing Market Data

Home Value Trends

Market Overview

  • Typical Home Value:$287,509
  • Median List Price:$311,116

Current Inventory

  • Homes For Sale:83
  • New Listings:30

Detailed Market Analysis

The average home value in Lebanon, IN is $287,510, up 5.0% over the past year. Learn more about the Lebanon housing market and real estate trends.

Real Estate Market Analysis for Lebanon, Indiana

The residential real estate market in Lebanon, Indiana presents unique opportunities for investors and homebuyers alike. Current market dynamics show balanced market conditions with accessible entry points with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.

Key Market Factors

Important considerations for this market include: growing population trends, economic development, and lifestyle amenities These factors contribute to the overall market performance and future growth potential.

Real estate investments in Lebanon, Indiana benefit from growing rental market potential and investment opportunities. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.

Lebanon, Indiana Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:53.7% Booked
  • 4-6 Months:66.7% Booked
  • 7-9 Months:50% Booked
  • 10-12 Months:0% Booked

Cancellation Policies

  • Flexible:0%
  • Moderate:0%
  • Strict:0%
  • Super Strict:0%

Minimum Stay

  • 1 Day:0
  • 2 Days:0
  • 3 Days:0
  • 4-6 Days:0
  • 7-29 Days:0
  • 30+ Days:0

Short-Term Rental Regulations and Booking Patterns in Lebanon

Lebanon vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.

Market analysis reveals balanced approach between flexibility and stability. These insights help property managers optimize their listing strategies and maximize occupancy.

Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.

Lebanon, Indiana Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Amenity data is not available for this location.

Guest Rating Highlights

    Vacation Rental Property Types in Lebanon

    The vacation rental market in Lebanon features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.

    Market characteristics include concentration in 2-3 bedroom properties ideal for small groups. This distribution reflects local demand patterns and traveler preferences.

    Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.

    More Locations In Indiana

    • Beech Grove
    • Bloomington
    • Boonville
    • Cedar Lake
    • Charlestown
    • Crawfordsville
    • Crown Point
    • Culver
    • Eckerty
    • Evansville
    • Fairmount
    • Fishers
    • Fort Wayne
    • Freetown
    • Gary
    • Goshen
    • Gosport
    • Granger

    Related Short-Term Rental Markets

    Explore 45 vacation rental markets within Indiana. Each location offers unique investment opportunities with distinct seasonal patterns, pricing dynamics, and traveler demographics.

    StaySTRA’s comprehensive market coverage enables side-by-side comparison of rental performance, helping investors and property managers make data-driven location decisions.

    Related

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    Get instant revenue projections for any property in Lebanon.

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    Table of Contents

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    Quick Facts: Lebanon

    Active STRs
    26
    Avg Daily Rate
    $143
    Occupancy Rate
    43%

    Markets in Indiana (45)

    • Beech Grove
    • Bloomington
    • Boonville
    • Cedar Lake
    • Charlestown
    • Crawfordsville
    • Crown Point
    • Culver
    • Eckerty
    • Evansville
    • Fairmount
    • Fishers
    • Fort Wayne
    • Freetown
    • Gary
    • Goshen
    • Gosport
    • Granger
    • Greencastle
    • Indianapolis
    • Jeffersonville
    • La Porte
    • Lowell
    • Madison
    • Michigan City
    • Morgantown
    • Nashville
    • Nineveh
    • Noblesville
    • North Vernon
    • North Webster
    • Pierceton
    • Poland
    • Rensselaer
    • Rochester
    • Sheridan
    • Silver Lake
    • South Bend
    • Tell City
    • Valparaiso
    • Walkerton
    • Westfield
    • Whiteland
    • Wolcottville
    • Zionsville

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