Nashville Airbnb Market Report

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Data, Trends, and Analysis of the Nashville Short Term Rental Investment Market

Published annually
Prepared by Grant Hammond
Nashville STR Market Specialist

Based on analysis of more than 1,200 Nashville short term rental property transactions between 2020 and 2025, along with 550+ STR transactions represented by Grant Hammond.

Overview graphic for the Nashville Airbnb market report analyzing short term rental transactions from 2020 to 2026

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.

According to the Nashville Airbnb Market Report, the modern STR investment market expanded rapidly between 2020 and 2021 before transitioning into a more selective investment environment by 2025.

Key characteristics of the Nashville STR market include:

  • Tourism demand supported by approximately 17 million annual visitors
  • Investor acquisitions concentrated in 37207, 37203, and 37209
  • A dominant property format of 4 bedroom townhomes designed for group travel
  • Increasing emphasis on zoning compliance, revenue durability, and negotiated acquisition terms

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.
  • The Nashville STR market has transitioned from rapid expansion into a more selective and disciplined investment environment entering 2026.

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.

Nashville short term rental townhome with rooftop deck designed for group Airbnb travel

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
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.

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.

                  Read the full report

Cover of the Nashville Airbnb Market Report 2025 analyzing short term rental investment trends and STR property transactions in Nashville Tennessee

The report analyzes transaction activity, development patterns, geographic investment corridors, revenue benchmarks, operating costs, financing structures, zoning conditions, and long term market outlook.

Several themes emerge from the data.

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

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 blog, 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.

What types of properties perform best as Nashville Airbnbs?

Properties designed for group travel tend to perform best. The dominant investment format in Nashville is the 4 bedroom, 4 bathroom townhome with rooftop deck, which aligns with the city’s tourism demand driven by group events and celebrations.

What neighborhoods are most active for Nashville Airbnb investment?

Investor acquisitions have historically concentrated in redevelopment corridors surrounding downtown Nashville, particularly 37207, 37203, and 37209.

These areas combine tourism proximity, zoning eligibility, and redevelopment opportunity.

Is Nashville still a good Airbnb investment market?

The Nashville STR market has transitioned into a more selective investment environment. Investors now place greater emphasis on property design, location quality, zoning clarity, and revenue durability.

However the city’s strong tourism demand continues to support long term interest in short term rental investment.

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.

Much of the transaction analysis referenced in this report reflects publicly recorded STR property sales and represented transactions across Nashville’s short term rental market. 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 specializing in short term rental investment properties.

Based on transaction tracking and represented sales history, Grant has participated in more than 550 Nashville Airbnb transactions, making him one of the most active brokers in the city’s short term rental investment market.

In addition to advising investors, Grant is also an active Airbnb owner. He owns more than 20 Nashville short term rental properties, giving him direct experience with the operational realities of STR investing.

Earlier in his investment career, Grant personally managed his own Airbnb properties. That experience provided a practical understanding of the day-to-day responsibilities involved in operating short term rentals, including guest communication, cleaning coordination, maintenance, and pricing strategy.

Over time he concluded that most investors achieve better long term results by working with professional short term rental management companies rather than attempting to manage properties themselves.

This combination of transaction experience, property ownership, and operational insight informs the analysis presented in the Nashville Airbnb Market Report.