Is Plymouth, Indiana Good for Airbnb Investment?

Potentially—Plymouth, Indiana combines visitor demand with long-term real estate upside.

• Presents a promising opportunity, largely driven by the town's steady tourism, affordable property values, and a growing interest in unique local experiences.
• Current market conditions show a consistent demand for short-term rentals, especially during local events, sporting seasons, and holiday weekends.
• Tourism trends indicate a desire for quiet, community-focused getaways, which Plymouth's small-town charm and access to natural attractions fulfill.
• Property values in Plymouth remain relatively accessible compared to larger metropolitan areas, offering a lower entry barrier for investors and a potentially higher return on investment.
• The investment potential is further enhanced by the ability to cater to diverse groups, from families visiting students at Ancilla College to those exploring the nearby Potato Creek State Park or attending events at the Marshall County 4-H Fairgrounds.

$800–$1,500 per month based on location, season, and property quality.

• Based on available market data and regional analysis, Airbnb hosts in Plymouth, Indiana typically earn between $800-$1,500 per month, with properties averaging $65-$95 per night depending on size, amenities.
• Seasonal variations show peak earnings during summer months (June-August) when revenue can increase by 25-40% due to lake tourism and academy events.
• Spring and fall maintain moderate performance with average monthly earnings around $1,000-$1,200.
• Key factors affecting earnings include property size (2-3 bedroom homes performing best), proximity to lakes and recreational areas, quality of amenities like hot tubs or fire pits.
• Properties within 10 miles of popular lakes like Lake Maxinkuckee command premium rates, while those offering unique rural experiences or hunting access can achieve higher seasonal premiums.
• Market data suggests occupancy rates average 55-70% annually, with successful hosts maintaining 4.5+ star ratings and implementing dynamic pricing strategies to maximize revenue during peak demand periods.

Potentially strong—typical annual ROI is 8–12%.

• Typically generate ROI between 8-12% annually, with payback periods averaging 7-10 years depending on property acquisition costs and renovation expenses.
• Properties in Plymouth's downtown area near the lake and close to Notre Dame University (approximately 45 minutes away) tend to perform better.
• Average daily rates range from $80-120 for typical 2-3 bedroom properties, generating approximately $2,000-3,500 monthly during high season and $1,200-2,000 during off-season.
• Compared to traditional long-term rentals in Plymouth, which typically yield 6-8% ROI with monthly rents of $800-1,200 for similar properties.

Plymouth, Indiana averages 45–55% annual occupancy, with seasonal variation.

• Plymouth, Indiana Airbnb properties typically maintain an average occupancy rate of approximately 45-55% annually.
• Spring and fall shoulder seasons generally see moderate occupancy rates around 40-50%, with slight upticks during local festivals and university events.
• Plymouth's occupancy rates tend to run 5-10 percentage points below Indiana's statewide average of 55-60% and significantly trail national Airbnb averages of 65-70%, primarily due to its smaller market size.

The strongest opportunities balance visitor demand, nightly rates, and acquisition cost.

• The downtown Plymouth historic district offers excellent Airbnb potential due to its proximity to the Marshall County Courthouse, local restaurants.
• The area near Plymouth High School and Lincoln Junior High provides steady demand from visiting families, sports teams, and school-related events, offering reliable occupancy rates and moderate pricing in a safe.
• Neighborhoods around Centennial Park and the Plymouth Beach area capitalize on recreational tourism, particularly during summer months.
• The residential areas near US-30 and US-35 intersection offer strategic positioning for travelers passing through or conducting business in the region.
• Properties near the Blueberry Festival grounds and fairgrounds benefit from seasonal spikes in demand during major community events.
• The neighborhoods surrounding Marshall County Medical Center attract medical tourists, visiting families of patients, and healthcare professionals.

Yes, but only where zoning permits short-term rentals and every required license is current.

• Short-term rental regulations in Plymouth, Indiana are primarily governed by local zoning ordinances and state regulations.
• Properties must adhere to occupancy limits based on bedroom count (generally 2 persons per bedroom plus 2 additional), and while owner-occupancy is not strictly required.
• The registration process involves applying for a local business license through the city clerk's office, providing proof of insurance.
• Zoning restrictions generally prohibit short-term rentals in certain residential districts without special use permits.
• Recent changes as of 2022-2023 have included stricter enforcement of existing regulations and potential requirements for annual inspections, though specific permit fees typically range from $50-150 annually.

Tax rates vary by jurisdiction; licensing, inspection, and insurance costs are additional.

• Short-term rentals in Plymouth, Indiana are subject to Indiana's state innkeeper's tax of 7% on gross rental receipts.
• Marshall County, where Plymouth is located, typically imposes an additional local innkeeper's tax of 5%, bringing the total lodging tax to approximately 12%.
• The city of Plymouth requires short-term rental operators to obtain a business license, which costs around $25-50 annually.
• Property owners must also register with the Indiana Department of Revenue for tax collection purposes, which has no direct fee but requires monthly or quarterly tax remittance.
• Additional costs may include fire safety inspections at $75-150 annually and potential homeowner's association fees if applicable.
• Some properties may also be subject to the standard Indiana sales tax of 7% on certain services or amenities provided beyond basic lodging.