Buying An Airbnb in Nashville: Read this data-backed article before buying an Airbnb in Nashville, so you can target a profitable neighborhood!
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Read this data-backed article before buying an Airbnb in Nashville, so you can target a profitable neighborhood!
- Last updated on
- August 8, 2023
Key Takeaways
- Backed by accurate data, Airbnb hosts can be guided when buying an Airbnb in Nashville. Learn about the earning potential of property investments in its neighborhoods and the property size gives the best gross rental yield!
Introduction
Nashville is part of the “Bible Belt” stretched in the Southern Region of the United States. But in contrast to this, did you know that the city offers a unique high-spirited nightlife on a four-block-long Honky Tonk Highway?
Singing gospel songs on Sundays and then enjoying Bluegrass, Rock, Blues, and Indie Rock for the rest of the week is the rhythm of Music City. It’s just one of the main tourist attractions, and this diversity only gives a Nashville Airbnb investment a distinct character.
Looking for a guide to buying an Airbnb in Nashville? Continue reading this article as we show you valuable neighborhoods that you can target in Nashville by using Airbtics!
Is Nashville A Good Place To Own An Airbnb?
Certainly! A vacation rental host can earn an average of $41,976 for operating a 2-bedroom unit in Music City! According to Airbtics, the city has a total of 3,284 active short-term rental listings while Nashville’s Airbnb occupancy rate is 48%.
Aside from these, here are a few factors that make Nashville ideal for short-term rental property investment:
A Vibrant Economy
Nashville is not only known as a culturally diverse city. It also houses various industries that make it an interesting palace for investment. This includes utilities, healthcare, education, government, and music production. In fact, Nashville has an unemployment rate of 2.7%, which is one of the lowest in the United States.
Lack of Hotel Accommodation
There are less than 20 thousand hotel rooms in Nashville. There needs to be more than this accommodation for the 14.4 million visitors who come to Music City annually. Hosts can take advantage of this situation since short-term rental is the only viable and immediate answer.
Checking the Profitability of Neighborhoods When Buying An Airbnb in Nashville
Let rental analytics lead you to a profitable Airbnb investment property in Nashville! Luckily for you, Airbtics’ Insights Tool is so easy to use. Simply type in “Nashville” or any other city of your choice.
As you zoom in or drag the map, the data on the Airbtics Dashboard is also updated! You cannot find anything like this anywhere else!
Using this research method, you can find that the following neighborhoods are best for Airbnb investment in Nashville. Optimize your earnings by going for the best number of bedrooms!
|
|||||
|---|---|---|---|---|---|
| Neighborhood | Number of Airbnb Listings | Best Number of Bedrooms | Median Property Price | Airbnb Annual Revenue | GRY |
| Music Row | 137 | 1 Bedroom | $329,900 | $27,747 | 8.41% |
| Downtown | 417 | 2 Bedrooms | $999,999 | $83,585 | 8.36% |
| East Nashville | 362 | 3 Bedrooms | $624,950 | $59,459 | 9.51% |
| 12 South-Melrose-Belmont | 128 | 2 Bedrooms | $775,000 | $67,109 | 8.66% |
| Rutledge Hill | 242 | 2 Bedrooms | $890,000 | $96,601 | 10.85% |
Airbnb Neighborhood
Airbnb Dataset
- Total Number of Airbnb Listings: 137
- Most Profitable Number of Bedrooms: 1 Bedroom
- Median Property Price: $329,900
- Airbnb Annual Revenue Potential: $27,747
- Gross Rental Yield: 8.41%
- Total Number of Airbnb Listings: 417
- Most Profitable Number of Bedrooms: 2 Bedrooms
- Median Property Price: $999,999
- Airbnb Annual Revenue Potential: $83,585
- Gross Rental Yield: 8.36%
- Total Number of Airbnb Listings: 362
- Most Profitable Number of Bedrooms: 3 Bedrooms
- Median Property Price: $624,950
- Airbnb Annual Revenue Potential: $59,459
- Gross Rental Yield: 9.51%
- Total Number of Airbnb Listings: 128
- Most Profitable Number of Bedrooms: 2 Bedrooms
- Median Property Price: $775,000
- Airbnb Annual Revenue Potential: $67,109
- Gross Rental Yield: 8.66%
- Total Number of Airbnb Listings: 242
- Most Profitable Number of Bedrooms: 2 Bedrooms
- Median Property Price: $890,000
- Airbnb Annual Revenue Potential: $96,601
- Gross Rental Yield: 10.85%
Source: Airbtics Dashboard
Maximize the Insights tool by creating your own Custom Market. You can opt to follow geographical boundaries or not, but this tool allows you to save your market for easy monitoring!
Rental Analytics in Buying An Airbnb in Nashville
By leveraging the power of data analytics, you can identify neighborhoods like Music Row, Downtown, East Nashville, 12 South-Melrose-Belmont, and Rutledge Hill, which offer attractive opportunities for Airbnb hosting. Each of these areas presents different potential in terms of annual revenue and gross rental yield, based on the number of bedrooms in the property.
If you are considering investing in an Airbnb property in Nashville, data analytics can be your guiding light to maximize your earnings and make an informed decision. With the help of Airbtics’ Insights Tool, you can explore other valuable neighborhoods in Music City that offer promising returns on your investment.
Wanna know how short-term rental data analytics can guide you? Try our Airbnb Calculator and see the earning potential of your property investment!
Short-Term Rental Data
Short-Term Rental Data
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