Performance indicators for the Carmel short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Carmel.
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Generally Investor friendly
STRs are explicitly permitted under Indiana HB 1035 with no caps or registration fees, but the primary residence requirement significantly limits investment opportunities to owner-occupied properties only. The Special Exception Application process through the Board of Zoning Appeals adds moderate regulatory complexity and compliance requirements that investors must navigate.
Local STR Agent
STR specialist · Carmel, IN
Carmel () is a suburban city in Hamilton County, Indiana, United States, immediately north of Indianapolis. With a population of 99,757 as of the 2020 census, the city spans 49 square miles (130 km2) across Clay Township and is bordered by the White River to the east and the Boone County line to the west. Although Carmel was home to one of the first electronic automated traffic signals in the country, the city has constructed 141 roundabouts between 1988 and 2022.