Overview: Are STRs allowed in Speedway, IN?

• Explicit answer: Yes. Short-term rentals (Airbnb, Vrbo, etc.) are allowed in Speedway, Indiana, but they are regulated. Owners must obtain a town permit and comply with local rules.
• Current status: Speedway adopted a permitting ordinance and began requiring permits in 2023. A Town Manager announcement gave owners until October 2024 to comply. The town estimates 60–120 STRs may be operating at any given time.

How to start a short-term rental business in Speedway, IN

Step-by-step, based on the local ordinance and reporting to date:

1. Confirm zoning suitability. As of the provided sources, no city-specific zoning restrictions are documented in the materials provided. If unsure, contact the town directly before investing.
2. Obtain the required town permit. Speedway mandates an annual permit for each STR. There is a compliance window through October 2024; investors should assume permits are required now and must be maintained annually thereafter.
3. Prepare to pay the annual permit fee. The fee is $150 per year.
4. Maintain good standing to avoid permit actions. The town indicates renewals occur without additional fees if the property does not exceed three violations in a year. Operators should track and address violations promptly to preserve renewal eligibility.
5. Stay current on local updates and renewals. Monitor Speedway’s official channels for any changes to fees, renewal cycles, or enforcement guidance.

Note: The provided materials do not specify application methods, renewal timelines beyond fee policy, or inspection requirements. Contact the town for procedural details.

Required documents, permits, licenses, and guidelines

• Permit requirement: Yes — a Speedway short-term rental permit is required for each STR.
• Annual fee: $150 per STR.
• Renewal policy: Renewals are at no additional cost if the property does not exceed three violations within the year.
• Compliance window: Owners were given until October 2024 to comply with the permitting ordinance.
• Violations and enforcement: The town can issue violations; no additional violation thresholds or enforcement mechanics are detailed in the provided sources.

Available source documents:

• Town of Speedway short-term rental ordinance (DOCX). Note: The ordinance text is not fully accessible in the provided content. Use the link below for the official document.

Specific regulations (Speedway, Marion County, Indiana)

City-level (Speedway):

• Permits are required. A compliance deadline of October 2024 was announced when the ordinance took effect.
• Annual fee: $150. Renewals appear to be free provided the operator remains under three violations for the year.
• Approximate number of STRs: 60–120 at any given time, per town estimates.
• Enforcement notes: Speedway reported 137 properties with permits and approximately 15 ordinance violations as of recent reporting; no permits had been revoked based on the data provided. Code Enforcement may use warnings, violation letters, or citations depending on severity and frequency.

County-level (Marion County):

• No county-specific STR regulations or contacts are documented in the materials provided.

State-level (Indiana):

• Indiana is a “home rule” state, meaning local units (like Speedway) may regulate matters like STRs unless preempted by state law.
• Sales and Innkeeper’s Taxes: Indiana’s state-level Gross Retail (Sales) Tax (6.25% state rate as of the latest available information) and the Indiana Innkeeper’s Tax (generally 4% at the state level) often apply to lodging, including STRs. County innkeeper’s taxes may also apply depending on the location. The provided materials do not include the specific tax registration steps for STR hosts in Speedway. Consult Indiana’s Department of Revenue or a local tax professional for registration and filing requirements.

Contact information (local authority in charge of STRs)

• Town of Speedway (Official website): www.speedwayin.gov/
• Permit management appears to be handled via Speedway’s internal processes. The provided content does not include direct phone/email contacts for STR permitting. Use the town’s website or contact the Clerk-Treasurer’s office for procedural questions:
  • Town of Speedway, Clerk-Treasurer: The official website is the best starting point for current contact details. (Phone and email not provided in the sources.)

Links to source pages

• Town of Speedway short-term rental ordinance (official document; DOCX): www.speedwayin.gov/sites/g/files/vyhlif8506/f/news/short-term_rental_ordinance.docx
• WISH-TV news article confirming permits and key details: www.wishtv.com/news/local-news/permits-now-required-for-short-term-rental-owners-in-speedway/
• WTHR news article (context on broader Indianapolis STR registry; not Speedway-specific): www.wthr.com/article/news/local/indy-city-officials-need-help-identifying-short-term-rental-properties-air-bnb-vrbo-indianapolis-mayor-city-register-permit/531-aa92b2d6-db10-4ba2-b348-8bb1aa55d8f1
• YouTube video (no usable ordinance details in the provided content): www.youtube.com/watch?v=oRo_8T_OYxE

Investor takeaways

• STRs are permitted in Speedway with an annual $150 permit and ongoing compliance requirements.
• Avoid violations; more than three per year may jeopardize renewal status (renewals are free if under the violation threshold).
• The .docx ordinance is the authoritative legal document; review it directly for definitive requirements. If procedure or zoning details are unclear, contact the town directly via the official site.