Westfield, Indiana Short-Term Rental Market
Westfield, IN (Grand Park Sports Campus) STR revenue is up 18.6% year over year as tournament demand grows.
Quick Answer: Westfield, 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 $3,561. average daily rate in the Indianapolis market area is $197. the top operator in the Indianapolis market area is Casual Nomad with 156 listings. market score is 82/100 (grade B).
Market data reflects the Indianapolis regional market, which includes Westfield. Regulations, taxes, and permit details below are specific to Westfield.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Westfield’s short-term rental demand is overwhelmingly driven by youth and amateur sports travel centered on the 400-acre Grand Park Sports Campus, which reports roughly 1.3 million unique visitors and about 5.5 million total visits a year. Grand Park has 31 multipurpose fields, 26 diamonds, and two large indoor facilities, hosting soccer, baseball, softball, lacrosse and football tournaments, plus the Indianapolis Colts’ summer training camp and Indy Eleven’s official training center. Visitors are predominantly traveling teams, coaches and tournament travelers heading to weekend competitions, generating heavy demand for lodging near the campus.
StaySTRA’s Airbnb/Vrbo performance data for this area is tracked at a shared regional level with Indianapolis and nearby Noblesville rather than uniquely for Westfield; treat the following as the Indianapolis metro area STR market. In June 2026, that market averaged 63.5% occupancy and a $197 ADR, producing $3,561 in average monthly revenue per listing. Year over year, occupancy is up a strong 12.8 points and revenue is up 18.6%, among the fastest growth rates in this batch.
StaySTRA does not have listing-type, bedroom-mix, or top-property-manager data broken out at the city level for this area; that data is tracked at a shared regional level rather than uniquely for Westfield, so this profile omits it.
Westfield itself, population 62,994, sits about 20 miles north of Indianapolis in affluent, fast-growing Hamilton County, and benefits from spillover from Indianapolis-metro tourism and business travel alongside its own Grand Park-driven demand. Secondary draws include the Monon Trail, Cool Creek Park & Nature Center, and a growing dining and brewery scene.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 47% | $117 | $1,574 |
| Feb | 52% | $120 | $1,597 |
| Mar | 55% | $134 | $1,988 |
| Apr | 56% | $146 | $2,157 |
| May | 60% | $166 | $2,562 |
| Jun | 61% | $155 | $2,649 |
| Jul | 64% | $152 | $2,635 |
| Aug | 55% | $154 | $2,367 |
| Sep | 54% | $131 | $1,961 |
| Oct | 57% | $140 | $2,177 |
| Nov | 54% | $142 | $2,072 |
| Dec | 51% | $135 | $1,973 |
Top Short-Term Rental Operators in Indianapolis market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Indianapolis market as a whole, which includes Westfield, so these counts are not Westfield-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Casual Nomad | 156 | 3,959 | ★ 4.32 |
| 2 | Evolve | 115 | 3,064 | ★ 4.35 |
| 3 | Home Base | 101 | 3,883 | ★ 4.61 |
| 4 | Landing, Inc. | 97 | 178 | ★ 3.83 |
| 5 | Deane – Fake Listings | 92 | 12 | ★ 4.70 |
What Kind of STR Should I Buy in Westfield?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 2,586 |
| 2 bed | 1,753 |
| 3 bed | 1,573 |
| 4 bed | 768 |
| 5 bed | 383 |
ADR by Property Tier
| Entire Home | $218 |
| Luxury | $317 |
| Professionally Managed | $201 |
Revenue by Dwelling Type
| Apartment | $3,645 |
| Entire Place | $3,933 |
| House | $3,555 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 55.1% |
| vrbo | 5.2% |
| both | 39.7% |
Investment Analysis
Westfield has no city-specific STR ordinance; short-term rentals operate under Indiana’s statewide framework (IC 36-1-24). An owner-occupied STR is a permitted residential use in any district that allows residential use and cannot be banned by the city. A non-owner-occupied STR may face a special-exception, special-use, or variance requirement, but the city may not use that process to effectively prohibit or unreasonably restrict STRs. If Westfield does adopt a local permit, state law caps the initial fee at $150 and bars any renewal fee, a meaningfully lighter regime than many growing suburban markets impose. (Note: a ‘Section 4-32’ STR ordinance with a 270-day cap sometimes surfaces in searches for ‘Westfield short-term rental ordinance,’ but that belongs to Westfield, Massachusetts, not Westfield, Indiana, and does not apply here.)
Using StaySTRA’s housing data, Westfield’s typical home value is $478,800, with a notably fast sales pace (median 7 days to pending). The $3,561 average monthly revenue figure below is a regional rollup shared with Indianapolis and Noblesville, not Westfield-specific, so this profile does not calculate a gross yield from it.
On performance, the Indianapolis metro area STR market posted an 18.6% revenue gain year over year in June 2026, on a 12.8-point occupancy gain, one of the strongest growth readings in this batch, consistent with Hamilton County’s rapid population and tourism growth. Tier data (regional) shows the luxury ADR tier averaging $317, about 61% above the $197 blend, with entire-home listings at $218 (about 11% above).
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
In the Indianapolis metro area STR market that includes Westfield, the average booking lead time is 47.9 days and the average length of stay is 4.1 nights, both regional figures shared with Indianapolis and Noblesville.
That lead time and stay length fit a tournament-travel market: traveling youth-sports teams and coaches typically know competition schedules well in advance and book multi-night stays to cover a weekend tournament. Operators near Grand Park Sports Campus should plan pricing and availability around the published tournament calendar (available from Grand Park directly) rather than a generic seasonal average, since individual tournament weekends can spike demand sharply.
Short-Term Rental Regulations
Westfield, Indiana does not appear to have its own dedicated short-term rental ordinance or STR permit/registration program. (A ‘Section 4-32 Short-Term Residential Rentals’ ordinance with a 270-day cap, a 48-hour absentee rule, and mandatory operator-occupancy sometimes surfaces in searches, but that document belongs to Westfield, Massachusetts, and does not apply here.)
Westfield operates under Indiana’s statewide STR framework (IC 36-1-24). Under that law, a short-term rental of an owner-occupied property is a permitted residential use in any residentially zoned district and cannot be banned. Municipalities may require a special exception, special use, or zoning variance for non-owner-occupied STRs, and may adopt a local permit, but if they do, the initial permit fee is capped at $150 and no renewal fee may be charged; state law does not create a statewide operating license.
On taxes, Indiana levies a 7% state sales/use tax on stays under 30 days, and Hamilton County imposes an 8% innkeeper’s (lodging) tax, effective January 1, 2024 (raised from 5%), for a combined tax burden of roughly 15% on gross rental revenue. Airbnb and Vrbo collect and remit both taxes on platform bookings.
Enforcement is characterized as minimal, given the absence of a dedicated city STR program. Investors should confirm current requirements directly with Westfield Planning & Zoning, verify any special-exception requirement for non-owner-occupied properties, and register for the county innkeeper’s tax if not booking exclusively through collecting platforms.
Market Comparison
National benchmarks put the median U.S. short-term rental market at roughly 55% occupancy and a $220 ADR. The Indianapolis metro area STR market that includes Westfield runs above the occupancy benchmark and below the ADR benchmark, at 63.5% occupancy and a $197 ADR in June 2026, with the market’s 18.6% year-over-year revenue growth standing out as one of the strongest in this batch.
That growth reflects Hamilton County’s broader trajectory: Westfield’s typical home value ($478,800) and 7-day median time-to-pending both point to a rapidly growing local housing market, consistent with Grand Park’s expansion and the area’s rising sports-tourism profile.
StaySTRA does not have top property-manager listings, review counts, or ratings on file broken out uniquely for Westfield; that data is tracked at a shared regional level, so this profile omits named-operator comparisons rather than present cluster totals as Westfield-specific.
Frequently Asked Questions About Westfield, Indiana
Are short-term rentals legal in Westfield, IN?
Does Westfield require a permit for non-owner-occupied short-term rentals?
What drives short-term rental demand in Westfield?
What taxes apply to short-term rentals in Westfield?
What is the average occupancy for the Westfield area STR market?
When is peak season for short-term rentals near Westfield?
Is the Westfield, Massachusetts STR ordinance relevant to Westfield, Indiana?
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