Carmel, Indiana Short Term Rental Regulations
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Reviewed by Karolyn Hutson
Last updated August 27, 2023
Carmel Short-Term Rental Regulations
Information is maintained by the community to provide helpful insights and links to local regulations, HostScouts does not provide legal or investment advice.
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Short Term City Rating7.0
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Competition
9.4 -
Real Estate Cost
6.9 -
STR Regulations
N/A -
Seasonality
5.3 -
Rental Rates
6.3
Carmel, Indiana Quick Stats
Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.
- Population
- 101,068
- STR License Required
- No
- Tourist Season
- May to September
- County
- Hamilton
- Airports
- Indianapolis International Airport (IND)
- Louisville International Airport (SDF)
Want to learn more about Carmel?
Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.
Check out our Carmel rental analytics guide if you're interested in data on the Carmel rental market.
Review the popular activities that hosts include in their property positing in Carmel.
The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.
Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.
What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits Carmel guests.
Interested in other Indiana cities?
Check out the Indiana Airbnb rules directory
What makes Carmel a great place to invest?
- Thriving Arts and Culture Scene: Carmel is home to the Arts and Design District, which is a vibrant area filled with art galleries, boutiques, and restaurants. The city also boasts the Palladium, a world-class concert hall that attracts top-notch performers from around the globe. This thriving arts and culture scene attracts visitors year-round, ensuring a steady demand for short-term rentals.
- Top-Rated Schools: Carmel is renowned for its top-rated schools, making it a desirable destination for families. Parents often seek short-term rentals when they are in the process of relocating or while they are in town for school-related events.
- Proximity to Indianapolis: Carmel's proximity to Indianapolis, the state capital and largest city in Indiana, makes it an attractive location for both business travelers and tourists. Visitors often prefer the quieter, suburban atmosphere of Carmel while still having easy access to the amenities and attractions of the big city.
- Abundance of Green Spaces: Carmel is home to over 500 acres of parkland, including the popular Monon Trail, a 18.1-mile long trail that runs through the heart of the city. These green spaces provide a plethora of outdoor activities for visitors, from hiking and biking to picnicking and bird watching.
- High Quality of Life: Carmel consistently ranks as one of the best places to live in the United States. The city offers a high quality of life with its safe neighborhoods, excellent public services, and a strong sense of community. This reputation attracts a steady stream of visitors looking to experience life in Carmel, even if only for a short time.
Carmel Nearby Cities
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17 miles away
- Rating: 6.4
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59 miles away
- Rating: 6.8
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Local Real Estate
How expensive is the real estate in Carmel?
The cost of real estate can vary widely depending on the location, size, and features of the property, as well as market conditions. The median home value in Carmel has increased 1% over the past year, and the average price per square foot is $160, which is lower than the national average.
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Median Sale Price
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$413,665
1% YoY
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Median per Square Foot
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$160
3% YoY
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Average Monthly Rent
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$1,818
1% YoY
The most common terms hosts include in their listings for Carmel, Indiana
Common terms for Carmel short term rental listings.
When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.
Some of the must-have elements of a property description include:
- Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
- Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
- Informative: The average listing in Carmel has a description approximately 1,321 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.
After reviewing more than 194 listings in Carmel, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are Quiet, Pool, Service, Place, Common, Downtown Indianapolis, Spacious, Comfortable, Patio, and Perfect.
What are the most popular tourist activities in Carmel?
Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in Carmel involve Swimming, Museums, the Zoo, Hiking, and Cycling. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.
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Swimming
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Museums
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Zoo
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Hiking
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Cycling
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Adventure Activities
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Health Spa
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Antiquing
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Rural
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Outlet Shopping
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City Centre
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Tennis
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in Carmel, including Indianapolis Motor Speedway, Fashion Mall at Keystone, Grand Park, Butler University, and Eagle Creek Park. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.
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Regional Landmark
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St. Vincent Indianapolis Hospital
Included on 57% of listings
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Regional Landmark
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Eagle Creek Park
Included on 55% of listings
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Regional Landmark
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IU Health North Hospital
Included on 55% of listings
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Well Known Attraction
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Fashion Mall at Keystone
Included on 52% of listings
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Well Known Attraction
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Grand Park
Included on 52% of listings
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Regional Landmark
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Center for the Performing Arts
Included on 52% of listings
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Local Landmark
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Monon Community Center Waterpark
Included on 50% of listings
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Well Known Attraction
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Butler University
Included on 45% of listings
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Regional Landmark
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Pacers Athletic Center
Included on 45% of listings
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Local Landmark
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Carmel Visitor Center
Included on 45% of listings
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Regional Landmark
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Dave & Buster's
Included on 43% of listings
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Well Known Attraction
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Indianapolis Motor Speedway
Included on 40% of listings
What’s the weather like in Carmel, Indiana?
The weather is generally milder than the national average, with an average high temperature of around 62°, while the average low is about 45°. The rainfall is much heavier, averaging about 35 inches per year, compared to the national average of about 27 inches. Snowfall can be rather heavy, averaging less than 13 inches per year. The humidity levels in Carmel are generally lower than the national average, and the city has a mix of clouds and sunshine for most of the year.
Winter
December through February
25° Low 39° High
Spring
March through May
44° Low 62° High
Summer
June through August
64° Low 82° High
Fall
September through November
46° Low 64° High
Cities Near Carmel
Carmel, Indiana, is located in Hamilton County. Some cities that are located nearby include:
