Indianola, IA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Indianola short-term rental market based on reliable data.

Listings

43 / 77

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$25,534

Middle-Earners Revenue

Occupancy

52%

Middle-Earners Occupancy

Home Value

$313,955

Median Home Sale Price

Top Earners

$50,151

Top-Earners Revenue

Indianola

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Indianola.

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B

Generally Investor friendly

Indianola Regulations

Indianola permits STRs across all residential zones (A‑1/R‑1/R‑2/R‑3/R‑4) with clear steps and a predictable biennial inspection/registration under the residential rental code. The process entails moderate fees, a required inspection certificate, local agent designation for out‑of‑state owners, and maintenance code compliance, but there are no caps or occupancy limits and the city provides a supportive, known compliance pathway.

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About Indianola

Indianola, Iowa sits in the south-central part of the state in Warren County, a welcoming college town with a population of roughly 15,000 residents. Best known as the home of Simpson College and the host city of the National Balloon Classic, it carries the relaxed pace of a small Midwestern community while sitting just about 15 miles south of Des Moines, the nearest major city. Tree-lined residential streets, locally owned shops, and a walkable downtown square give the city a traditional Iowa feel that draws return visitors year after year.

The National Balloon Classic is the city's marquee event, drawing thousands of spectators each summer for a week of hot air balloon launches, competitive flights, and the popular evening balloon glows. Held at a dedicated field just minutes from downtown, the event typically takes place in late July and early August and is considered one of the larger hot air balloon gatherings in the country. The festival brings a burst of energy to the town, fills nearby lodging, and creates a memorable backdrop for any summer visit.

Simpson College anchors the community as a private liberal arts college founded in 1860. Its historic red-brick campus brings a steady student population, cultural performances, and athletic competitions to town throughout the year, contributing a youthful energy that complements the city's quieter residential streets. Campus events, theater productions, and sports games offer a steady stream of visitors and add to the local calendar of activity well beyond the summer festival season.

Just a short drive from the town square, Buxton Park Arboretum offers a peaceful green space with walking paths, ponds, and labeled plant collections. The arboretum provides a glimpse of the area's natural beauty and serves as a local favorite for picnics and quiet strolls, especially during the warmer months. Its gardens and shaded benches make it a pleasant stop for families and a calm contrast to the busier festival days.

Because of its proximity to Des Moines, guests staying in Indianola have easy access to the larger city's museums, restaurants, and the Iowa State Fairgrounds without paying downtown lodging rates. The Iowa State Fair, held annually in August, draws hundreds of thousands of visitors to the nearby capital and creates spillover demand for lodging in surrounding communities. The combination of small-town charm, summer festival traffic, a year-round college population, and convenient access to the Des Moines metro makes Indianola a practical and appealing base for short-term rental investors and visitors alike.

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