According to AirDNA, the Nashville short-term rental market is composed of 8,274 active listings. The majority of these rentals are concentrated in the downtown and surrounding areas; approximately 96% percent of these listings are home house rentals.

Characteristics of these rentals:

  • Approximately 48% of STRs in the market are listed only on Airbnb; 12% only on VRBO; and 40% are listed on both platforms.
  • The overall guest rating is 4.70 stars. 80% are rated at least 4.70 overall.
  • 47% have a strict cancellation policy; 18% moderate; and 12% flexible.
  • One (28.8%) and two-night (43.4%) minimum stays are fairly standard. Three-night minimum stays make up 15.2% of the market. Long-term stays (30+ nights) constitute just 9.2% of the market.
  • The average booking lead time is 10 days and the average length of stay is 3 nights

Rental Size: These listings represent more than 26,100 comparable hotel rooms. About 34%  are one bedroom; 24% are two bedrooms; 19 are three bedrooms; 18% are four bedrooms; and 5%  are five or more bedrooms. The latter category are listings that are comprised of two smaller units marketed together since Nashville zoning restricts STRs to a maximum of 4 bedrooms (12 guests).

Want to know how AirDNA rates the Nashville market?  Join NASTRA for a monthly update of AirDNA stats!

Barb is the president of NASTRA and has spent her professional career in hospitality and real estate. After acquiring her first short-term rental in 2018, Barb moved her focus to legal advocacy after she sued the city of Nashville over a permit issue. Over the last three years, she has mentored more than 2,800 new STR hosts and is the Community Leader for Airbnb in Nashville, as well as an Airbnb “Ask a Superhost” Ambassador. Barb has appeared on numerous radio broadcasts, television shows, and podcasts to talk about her love of hosting. She also manages and co-hosts a number of short term rentals across Tennessee and Arkansas. Barb and her husband Pat own a hotel brokerage, development and consulting company. Look for her upcoming podcast series, “Women of Airbnb.”

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