Washington, IN

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

35 / 54

Reliable / Active

Cap Rate

15%

Middle-Earners Gross Yield

Revenue

$23,275

Middle-Earners Revenue

Occupancy

52%

Middle-Earners Occupancy

Home Value

$151,043

Median Home Sale Price

Top Earners

$38,481

Top-Earners Revenue

Washington

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Washington.

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B

Generally Investor friendly

Washington Regulations

STRs are permitted statewide via Indiana HB 1035 with no identified Washington/Daviess County licensing, caps, or permit fees; investors must only meet state tax registrations, safety/health codes, and potential local innkeeper’s tax, making compliance straightforward but not fully formalized at the city level.

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About Washington

Washington is a small city in southwestern Indiana, serving as the county seat of Daviess County. With a population of approximately 11,000-12,000 residents, it functions as a regional hub for the surrounding agricultural area. The city has a quiet, small-town Midwestern character, anchored by a historic downtown and a courthouse square, and serves as a service center for the farming communities of the broader region. It sits roughly 120 miles southwest of Indianapolis and about 50-60 miles northeast of Evansville, placing it between two larger Indiana cities and within easy reach of the broader southwestern part of the state.

Just outside the city, West Boggs Park offers a popular outdoor escape with a sizeable lake suitable for fishing and boating, along with campgrounds, picnic shelters, and walking trails. The park is only a short drive from downtown Washington and serves as a year-round destination for families and outdoor enthusiasts visiting the area. Its combination of water access, camping, and day-use amenities makes it one of the most-visited natural spots in the county.

The surrounding Daviess County is home to established Amish communities, and the rural roads around Washington offer scenic drives past farms, produce stands, and craft shops. Visitors interested in the region's agricultural heritage often explore these backroads, where handmade furniture, baked goods, and seasonal produce are commonly available at small roadside businesses. The pace and scale of life here reflect Indiana's rural roots and give travelers a sense of the area's farming traditions.

Downtown Washington is anchored by the Daviess County Courthouse and features a compact collection of locally owned shops, cafes, and restaurants. Its historic architecture and small-scale streetscape give the area a traditional, walkable feel that contrasts with the more commercialized corridors found in larger Indiana cities, and it remains a focal point for community events throughout the year.

A short drive from the city brings visitors to Glendale Fish and Wildlife Area, which covers several thousand acres of public land managed for hunting, fishing, hiking, and wildlife observation. Together with West Boggs Park, this property provides the closest major outdoor recreation options to Washington and offers a quieter alternative to Indiana's better-known state parks.

As a base for short-term rentals, Washington appeals to travelers seeking an unhurried, rural Indiana experience with convenient access to the outdoors. Its central position within Daviess County, its proximity to natural areas, and its location along the route between Indianapolis and Evansville give the city a steady draw from road trippers, family visitors, and outdoor recreationists looking for a slower-paced alternative to the state's larger tourist destinations.

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