Fishers Short Term Rentals: Beyond the Blip - A Market Analysis

At first glance, November's Fishers rental market report might trigger concern for short-term rental investors. The average days on market skyrocketed, jumping a staggering 143% month-over-month. But wait! Before you hit the brakes on your Fishers investment plans, let's take a closer look and uncover the story behind the numbers.

Fishers Market: Beyond the Headline

Chris and Mike, the market report experts, believe this jump is likely an anomaly, not a worrying trend. Here's why:

• Stable Inventory: The number of active homes (117) remains consistent with previous months, showing no sudden influx that could skew data.
• Historical Context: Analyzing past data reveals occasional spikes in average days on market within a generally stable range, suggesting this might be another blip.
• Median Rental Price: While fluctuating more than Indianapolis, it's important to focus on the broader 12-24 month trend for true market stability.
• Average Rent: A slight dip (3.13%) is due to expected seasonality, not a cause for alarm.

Reasons to Remain Optimistic

The Fishers market offers several promising signals for short-term rental investors:

• Investor-Friendly Price Point: The average sales price ($337,694) remains comfortably within the ideal range under $500,000.
• Potential Sales Market Improvement: With expected interest rate reductions in the coming year, the current extended sales periods are likely temporary.
• Dynamic and Growing Suburb:
  • Fishers boasts a strong school system, making it attractive to families seeking short-term rentals.
  • Its vibrant culture and growing tourism scene present additional rental opportunities.