Crawfordsville, IN

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

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

Listings

23 / 57

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$22,454

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$226,298

Median Home Sale Price

Top Earners

$57,719

Top-Earners Revenue

Crawfordsville

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Crawfordsville.

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B

Generally Investor friendly

Crawfordsville Regulations

STRs are permitted via a light registration (annual $5 fee, $100 re-inspection if violations), inspections every 5 years, and no stated caps or minimum-stay limits; zoning adherence is required but not unduly restrictive, though fines up to $500/day and occasional re-inspections add minor risk.

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About Crawfordsville

Crawfordsville is a small, historically rooted city in west-central Indiana, serving as the county seat of Montgomery County. With a population of roughly 16,000, it has the kind of tree-lined streets, preserved 19th-century architecture, and unhurried pace that draws visitors seeking an authentic slice of Midwestern small-town life. Best known as the hometown of General Lew Wallace, author of the Civil War-era novel Ben-Hur, and as the home of Wabash College, one of the country's oldest men's liberal arts colleges, Crawfordsville also functions as a gateway to the broader Wabash Valley region. It sits about 45 miles northwest of Indianapolis, roughly an hour's drive southeast along Interstate 74, making it accessible for weekend travelers and day-trippers from the state's capital.

A short stroll from the courthouse square, the General Lew Wallace Study is the small stone carriage house where the general wrote much of his most famous work and where he spent his later years surrounded by personal memorabilia, art, and military artifacts. Visitors are taken through the rooms just as Wallace left them, giving a surprisingly intimate look at one of Indiana's most celebrated literary and military figures. The study is within walking distance of downtown, just minutes from most central lodging options. (General Lew Wallace Study)

A few blocks away, the Rotary Jail Museum offers a genuinely unusual attraction: a preserved rotary jail, in which a central turntable held a circular tier of cells and could be rotated by a single turnkey so that a single guard could supervise every inmate. Built in 1882, it operated as a working jail into the 20th century and is now the only rotary jail remaining in Indiana open to the public, with exhibits on the building's distinctive mechanism and the broader history of Montgomery County. The museum sits just off the downtown square.

Wabash College, founded in 1832, anchors the north end of the city with its red-brick campus of historic halls, an active arts calendar, and the college's well-regarded Big Bash homecoming festivities each fall. Visitors come for the architecture, lectures, and theater productions, and the campus provides a leafy, walkable counterpoint to Crawfordsville's compact downtown.

A short drive south, Shades State Park and the adjacent Pine Hills Nature Preserve offer rugged hiking, deep wooded ravines, and small waterfalls that feel surprisingly remote for the region. Roughly twenty minutes from the city, the parks are popular for day trips and provide a strong outdoor complement to the town's historical offerings.

Crawfordsville appeals to short-term-rental owners because it pairs a genuine sense of small-city character with a calendar of steady draws: college visitors, Civil War and literary history buffs, regional travelers, and outdoor enthusiasts passing through the Wabash Valley. Its proximity to Indianapolis and several state parks gives it year-round appeal without the saturation of a major tourist market, making it well suited to guests who want quiet, character-rich stays within easy reach of multiple experiences.

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