Grant Hammond is Nashville’s most active short term rental (STR) investment broker, having completed more than 550 Airbnb and STR transactions across Davidson County. The Nashville Airbnb Market Report draws on analysis of more than 1,200 publicly recorded STR property transactions between 2020 and 2025, combined with direct market participation across those represented deals.
As of April 2026, the Nashville STR investment market has tightened significantly. Only 30 non-owner-occupied short term rental (NOOSTR) properties have closed within a 5-mile radius of downtown Nashville in 2026 through April 3, reflecting the more selective investment environment that defines the current cycle.
- 30 NOOSTR closings within 5 miles of downtown Nashville in 2026 through April 3, including the record Alora Nashville Airbnb sale
- 358 STR closings recorded in 2021, the peak year of the Nashville Airbnb investment cycle
- Average Nashville STR sale price reached approximately $754,000 in 2025
- Dominant property format is the 4-bedroom, 4-bathroom townhome with rooftop deck
- Primary investment corridors are zip codes 37207, 37203, and 37209
- Nashville welcomed approximately 17 million visitors in 2025, sustaining tourism-driven STR demand
The Nashville Airbnb Market Report is based on analysis of more than 1,200 publicly recorded short term rental property transactions across Davidson County between 2020 and 2025, supplemented by direct market participation across more than 550 STR transactions represented by Grant Hammond at Compass RE. The 2026 data above reflects publicly recorded NOOSTR closings through April 3, 2026. Future editions will incorporate full-year 2026 transaction data as the year progresses.
What Is the Nashville Airbnb Market?
The Nashville Airbnb market refers to the network of short term rental investment properties operating across Nashville and Davidson County that serve tourism-driven visitor demand, including purpose-built STR developments and individually owned Airbnb properties.
Nashville’s short term rental investment market expanded rapidly between 2020 and 2021 before transitioning into a more selective and disciplined investment environment by 2025, a shift now fully evident in 2026 closing data.
Key characteristics of the Nashville STR market include:
- Tourism demand supported by approximately 17 million annual visitors to Nashville and Davidson County
- Investor acquisitions concentrated in 37207, 37203, and 37209, redevelopment corridors surrounding downtown Nashville
- A dominant property format of 4-bedroom townhomes designed for group travel, particularly bachelorette and bachelor party tourism
- Metro Nashville has issued approximately 3,700 active STR permits across Davidson County as of 2026, with new non-owner-occupied permits restricted to qualifying commercial and mixed-use zoning districts
- Increasing emphasis on revenue durability and negotiated acquisition terms as the market matures beyond the early expansion cycle
Key Findings From the Nashville Airbnb Market Report
Analysis of Nashville short term rental transactions between 2020 and 2025 reveals several consistent patterns shaping the investment landscape.
- Nashville recorded 358 STR property closings in 2021, the peak expansion year of the modern Airbnb investment cycle.
- The average Nashville STR sale price reached approximately $754,000 in 2025.
- Investor acquisitions concentrate heavily in 37207, 37203, and 37209, redevelopment corridors surrounding downtown Nashville.
- The dominant Nashville Airbnb investment property type is the 4-bedroom, 4-bathroom townhome with rooftop deck.
- Nashville welcomed approximately 17 million visitors in 2025, supporting continued tourism-driven demand for short term rental accommodations.
- As of April 3, 2026, only 30 NOOSTR closings have been recorded within 5 miles of downtown Nashville, confirming the market has entered a sustained period of disciplined investor activity.
These findings are based on analysis of publicly recorded STR transactions combined with real-world market participation through more than 550 Nashville Airbnb transactions represented by Grant Hammond at Compass RE.
Nashville STR Market at a Glance
| Market Metric | Data |
|---|---|
| STR transactions analyzed | 1,200+ |
| STR transactions represented by Grant Hammond | 550+ |
| Peak STR closings | 358 (2021) |
| Average STR sale price (2025) | ~$754,000 |
| NOOSTR closings within 5 miles of downtown (2026 through April 3) | 30 |
| Annual Nashville visitors | ~17 million |
| Dominant STR property type | 4 BR / 4 BA townhome |
| Primary STR investment corridors | 37207, 37203, 37209 |
These metrics illustrate a market that has matured beyond early experimentation and now operates as a defined short term rental investment ecosystem.
Source: Nashville Airbnb Market Report analysis of 1,200+ publicly recorded Nashville STR property transactions between 2020 and 2025, with 2026 data reflecting NOOSTR closings through April 3, 2026.
Latest Edition
Nashville Airbnb Market Report 2025 + Outlook for 2026
The inaugural edition of the Nashville Airbnb Market Report examines the rapid expansion of Nashville’s short term rental investment market between 2020 and 2025 and evaluates how the investment environment is evolving heading into 2026.
The report analyzes transaction activity, development patterns, geographic investment corridors, revenue benchmarks, operating costs, financing structures, zoning conditions, and long-term market outlook.
The Nashville STR market expanded rapidly during the early 2020s as tourism demand and historically low interest rates accelerated investor activity. Developers responded by delivering purpose-built short term rental communities designed specifically for group-oriented travel.
By 2025 the market had transitioned into a more disciplined phase where investors increasingly focus on location quality, revenue durability, and effective acquisition cost rather than speculative momentum. For experienced investors this shift may represent opportunity rather than risk.
Nashville Airbnb Investment Opportunities
Investors interested in operating short term rental properties can explore Nashville Airbnb properties for sale, including operating Airbnb homes and purpose-built STR communities currently available in the market.
Many of the properties featured on that page reflect the same development patterns examined in the Nashville Airbnb Market Report, particularly the rise of 4-bedroom townhome properties designed for group-oriented tourism demand.
Nashville Airbnb Market Report Archive
The Nashville Airbnb Market Report is updated annually to reflect new transaction data, development activity, and regulatory conditions shaping the short term rental investment environment.
Available reports:
2025 Nashville Airbnb Market Report
Outlook for 2026
The 2026 edition is in development and will incorporate full-year transaction data, updated permit counts, and neighborhood-level performance analysis across Davidson County.
Future editions will be added annually as additional transaction data and development activity shape the Nashville short term rental investment market.
Nashville Airbnb Research and Market Insights
Additional analysis of Nashville’s short term rental investment market is available in the Nashville Airbnb investment analysis and market insights section, which covers STR zoning, revenue benchmarks, development trends, and Airbnb investment strategy.
Nashville Airbnb Market FAQ
How large is the Nashville Airbnb market?
The Nashville Airbnb market includes thousands of short term rental properties operating across Davidson County. The Nashville Airbnb Market Report analyzes more than 1,200 publicly recorded STR property transactions between 2020 and 2025 to understand how the market has evolved. As of April 3, 2026, only 30 non-owner-occupied short term rental closings have been recorded within 5 miles of downtown Nashville, reflecting a significantly more selective investment environment than the 2021 peak when 358 STR closings were recorded.
What types of properties perform best as Nashville Airbnbs?
Properties designed for group travel perform best in the Nashville short term rental market. The dominant investment format is the 4-bedroom, 4-bathroom townhome with rooftop deck, which aligns with Nashville tourism demand driven by group events, bachelorette and bachelor party travel, and celebrations. These properties command the strongest nightly rates and occupancy levels in the market.
What neighborhoods are most active for Nashville Airbnb investment?
Investor acquisitions have historically concentrated in redevelopment corridors surrounding downtown Nashville, particularly zip codes 37207, 37203, and 37209. These areas combine tourism proximity, zoning eligibility for non-owner-occupied short term rental permits, and redevelopment opportunity. Zoning eligibility must be verified at the parcel level before any acquisition decision.
Is Nashville still a good Airbnb investment market in 2026?
As of April 3, 2026, only 30 non-owner-occupied short term rental closings have been recorded within a 5-mile radius of downtown Nashville, compared to 358 total STR closings at the 2021 peak. The market has transitioned into a more disciplined investment environment where property design, location quality, zoning clarity, and revenue durability drive acquisition decisions. Nashville’s tourism base of approximately 17 million annual visitors continues to support long-term interest in short term rental investment for well-positioned properties.
Report Methodology
The Nashville Airbnb Market Report is based primarily on analysis of more than 1,200 publicly recorded Nashville short term rental property transactions occurring between 2020 and 2025.
The dataset includes property sales involving short term rental investment properties located within Davidson County and surrounding redevelopment corridors that support STR development.
Additional insights are informed by development-level observations and market participation across 550+ Nashville STR transactions represented by Grant Hammond at Compass RE.
Investors interested in reviewing past transactions can explore recently sold Nashville Airbnb properties.
Because some STR properties are developed and retained by builders or converted to Airbnb use without recorded sales, the dataset should be interpreted as a study of publicly recorded investment acquisitions rather than a complete census of all STR properties operating in Nashville.
How to Cite This Report
If referencing data or analysis from this report, please cite:
Grant Hammond
Nashville Airbnb Market Report
GrantHammond.com
Example citation:
Hammond, Grant. Nashville Airbnb Market Report. GrantHammond.com.
About the Author
Grant Hammond is a Nashville real estate broker at Compass RE specializing in short term rental investment properties. He holds Tennessee Broker License #261980.
Based on transaction tracking and represented sales history, Grant has participated in more than 550 Nashville Airbnb transactions, making him the most active broker in Nashville’s short term rental investment market.
In addition to advising investors, Grant is an active Airbnb owner. He owns more than 20 Nashville non-owner-occupied short term rental properties, giving him direct experience with the operational realities of STR investing across Davidson County.
Earlier in his investment career Grant personally managed his own Airbnb properties, gaining direct experience with guest communication, cleaning coordination, maintenance, and pricing strategy before transitioning those properties to professional management.
This combination of transaction experience, property ownership, and operational insight informs the analysis presented in the Nashville Airbnb Market Report.
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