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Nashville, TN Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,824
Monthly Cash Flow
-$224
Principal + Equity
$3,113
Annual Total Gain
$34,670
Cash on Cash
-2.47%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$292
Occupancy Rate
58.06%
Monthly Revenue
$4,284
Monthly Cash Flow
$1,593
Principal + Equity
$3,113
Annual Total Gain
$56,475
Cash on Cash %
17.57%
Net ROI %
Market Health & Growth
Median Income
$75,197
Population
684,298
LTR Renter %
47%
Forecast (1 yr)
1.57%
Appreciation (1 yr)
-1.45%
Appreciation (5 yr)
39.44%
Appreciation (10 yr)
109.23%
Job Growth
0%
LTR Rentability
Low
STR Demand
67
STR Rentals
10,732
Top Public Schools
AHume-Fogg High School
AMartin Luther King Jr. Magnet High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Cities to Live in America
#110out of 229 markets
Most Diverse Cities in America
#80out of 229 markets
Best Cities for Young Professionals in America
#57out of 229 markets
C
Public School
D
Crime And Safety
C-
Housing
A-
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Nashville, TN.
In Nashville, TN, Short Term Rental (STR) regulations are governed by the Metro Nashville Codes and Regulations. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Type of Property: Only certain types of properties are eligible for short term rental in Nashville. These include owner-occupied properties, non-owner occupied properties with a Type 1 permit, and non-owner occupied properties with a Type 2 permit.
2. Permit Requirements: Property owners must obtain a permit from the Metro Nashville Codes Department in order to operate a short term rental. The permit application process includes a background check, property inspection, and payment of fees.
3. Occupancy Limits: There are occupancy limits for short term rentals in Nashville, with a maximum of 12 guests allowed in a property at any given time. Additionally, there are restrictions on the number of bedrooms that can be rented out in a property.
4. Noise and Nuisance Regulations: Property owners are required to adhere to noise regulations and ensure that their guests do not disturb neighbors. Excessive noise or nuisance complaints can result in fines or revocation of the short term rental permit.
5. Taxes: Property owners are required to collect and remit hotel occupancy taxes on short term rental stays in Nashville. Failure to do so can result in penalties and fines.
6. Insurance Requirements: Property owners are required to maintain liability insurance coverage for their short term rental property.
7. Zoning Regulations: Short term rentals are only permitted in certain zoning districts in Nashville. Investors should check the zoning regulations for the specific property they are interested in purchasing.
Overall, investors should thoroughly research and understand the Short Term Rental regulations in Nashville before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and potential loss of income from the property.
Market Trends Over Time
Explore 25 years of market data for Nashville, TN, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Nashville, TN.
The LTR Genie Score of Nashville, TN is 67, indicating a moderate level of rentability for long-term rental properties in the area. This is likely influenced by the low LTR Rentability and modest LTR Rent Growth Rate. On the other hand, the STR Genie Score of 84 suggests a high level of rentability for short-term rental properties, supported by the strong STR Net ROI and high STR Occupancy rate. Overall, the STR Genie Score is significantly higher than the LTR Genie Score, indicating that Nashville may be more attractive for short-term rental investments.
Nashville, TN is a vibrant city known for its music scene, cultural attractions, and growing economy. The city has experienced steady population growth and a strong job market, making it an appealing location for real estate investors. Additionally, Nashville's tourism industry continues to thrive, providing opportunities for short-term rental investments.
Based on the metrics provided, Nashville, TN appears to be more attractive for short-term rental investments rather than long-term rental investments. With a high STR Genie Score and favorable indicators such as STR Net ROI and occupancy rate, investors may find success in the short-term rental market in Nashville. However, it is essential to conduct further research and due diligence to determine the best investment strategy based on individual goals and risk tolerance.
LTR Genie Score 93
$250,000
🛏 4 Beds🛁 3.0000 Baths🏙 2,983 sqft.🏠 SINGLE FAMILY
