Want to see how Indianola compares to other top cities in Iowa? Explore all city regulations in Iowa. →
Indianola, IA
Generally Investor Friendly
Local STR Agent
Local STR Agent

Yes. Short-term rentals are allowed in Indianola, IA. The city’s zoning code expressly lists “short-term rental” as a permitted use in multiple zoning districts—specifically the Agricultural/Open Space (A-1), Single-Family Residential Detached (R-1), Single-Family Residential Attached (R-2), Multi-Family Residential (R-3), and Manufactured Home Park (R-4) districts. See the “Use Matrix” in Section 4 of Chapter 165 (Residential Zoning Districts) and the “Use Table” (short-term rental rows). Link: www.indianolaiowa.gov/DocumentCenter/View/12542
However, short-term rentals are treated as “residential rental property” and are subject to the City’s Residential Rental Code (Chapter 147), which requires registration, inspection, and ongoing compliance. Link: www.indianolaiowa.gov/DocumentCenter/View/13426/Residential-Rental-Code-Adopted
Local definition note: Under Chapter 147.04, “Tenant/Occupant” means any individual residing in a rental dwelling unit or having possession of a space within a rental dwelling; “Transient shelters” are units providing temporary residence for 31 days or less and are excepted from the residential rental code, but short-term rentals (as a permitted zoning use) are subject to the code unless another licensing/occupancy exception applies. Link: www.indianolaiowa.gov/DocumentCenter/View/13426/Residential-Rental-Code-Adopted
Key implications:
Notes:
City of Indianola
Warren County
State of Iowa
Indianola hosts earn a median $25,534/year with $178 ADR and 52% occupancy.
Top performers pull in $36,729+ per year.
See the full Indianola market breakdownNext step
Paste any address and get estimated revenue, cash-on-cash return, and comparable STR performance in under 5 minutes. 3 free analyses per day.
Free brief
Revenue data, top neighborhoods, seasonal trends, and the key regulations for Indianola, Iowa in one email.




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.
Enter an address to get instant revenue potential and comps.