Investor Blogs Top 10 Best Neighborhoods for Buying Airbnb Rentals in Nashville, TN by Nasser Mansur March 19, 2018February 15, 2019 by Nasser Mansur March 19, 2018February 15, 2019 What are the best neighborhoods for buying Airbnb rentals in Nashville, Tennessee? By the end of 2017-beginning of 2018, Nashville has become one of the most popular destinations for real estate investors and homebuyers who are looking to purchase short-term rental properties, also known as Airbnb or HomeAway rentals. With the drastic increase in short-term rentals in the city, the Metro Council took a controversial action in January 2018 to combat the rise of short-term rentals in Nashville’s residential communities. This, however, did not prevent short-term rentals in the Nashville real estate market from being among the best choices for real estate investing. Following the vote, the decision made by the Council had a negative effect on short-term rental properties which are not owner-occupied in residential areas, making them less than optimal for investing. Owner-occupied short-term rental properties, however, remain unaffected by the policy change. So, if you’re looking to purchase an investment property and use it as a primary residence while also making an extra profit from renting it out partially, this strategy is still very valid in any neighborhood that you wish to invest in. Non-owner-occupied short-term rentals in multi-family high-rises or in areas zoned to allow commercial use, on the other hand, remain 100% valid for real estate investing. Since short-term rentals are still among the best real estate investments that you can make in Nashville, we have created a list of the top 10 best neighborhoods for buying Airbnb rentals in Nashville based on Mashvisor’s data and projections. Before we get into each neighborhood’s specifics, here are Nashville’s average stats: Median Price: $436,693 Average Short-Term Rental Income: $2,192 Average Long-Term Rental Income: $1,889 Average Airbnb Cash on Cash Return: 3.26% Average Traditional Cash on Cash Return: 2.3% Related: What Airbnb Occupancy Rate Can You Expect? Best neighborhoods for buying Airbnb rentals in Nashville – West End Park Coming at #10 on our list is West End Park with the following stats: Median Price: $517,450 Average Short-Term Rental Income: $2,660 Average Long-Term Rental Income: $1,871 Average Airbnb Cash on Cash Return: 3.14% Average Traditional Cash on Cash Return: 1.68% Average Airbnb Occupancy Rate: 46.9% Best neighborhoods for buying Airbnb rentals in Nashville – Music Row Coming at #9 on our list is Music Row with the following stats: Median Price: $750,000 Average Short-Term Rental Income: $3,383 Average Long-Term Rental Income: $1,928 Average Airbnb Cash on Cash Return: 3.45% Average Traditional Cash on Cash Return: 1.06% Average Airbnb Occupancy Rate: 55.45% Note: To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here. Best neighborhoods for buying Airbnb rentals in Nashville – CWA Apartments Coming at #8 on our list is CWA Apartments with the following stats: Median Price: $324,900 Average Short-Term Rental Income: $2,404 Average Long-Term Rental Income: $1,717 Average Airbnb Cash on Cash Return: 4.71% Average Traditional Cash on Cash Return: 2.68% Average Airbnb Occupancy Rate: 49.32% Best neighborhoods for buying Airbnb rentals in Nashville – Porter Heights Coming at #7 on our list is Porter Heights with the following stats: Median Price: $465,450 Average Short-Term Rental Income: $3,442 Average Long-Term Rental Income: $1,966 Average Airbnb Cash on Cash Return: 5.33% Average Traditional Cash on Cash Return: 2.15% Average Airbnb Occupancy Rate: 51.71% Best neighborhoods for buying Airbnb rentals in Nashville – Bellewood Park Apts Coming at #6 on our list is Bellewood Part Apts with the following stats: Median Price: $436,950 Average Short-Term Rental Income: $3,555 Average Long-Term Rental Income: $1,918 Average Airbnb Cash on Cash Return: 5.63% Average Traditional Cash on Cash Return: 2% Average Airbnb Occupancy Rate: 55.5% Also Read: The 10 Best Real Estate Markets to Invest in the US for Price to Rent Ratio Best neighborhoods for buying Airbnb rentals in Nashville – The Gulch Coming at #5 on our list is The Gulch with the following stats: Median Price: $649,900 Average Short-Term Rental Income: $4,508 Average Long-Term Rental Income: $2,085 Average Airbnb Cash on Cash Return: 5.71% Average Traditional Cash on Cash Return: 1.68% Average Airbnb Occupancy Rate: 49.66% Best neighborhoods for buying Airbnb rentals in Nashville – Acklen Avenue Alliance Coming at #4 on our list is Acklen Avenue Alliance with the following stats: Median Price: $644,900 Average Short-Term Rental Income: $5,307 Average Long-Term Rental Income: $1,702 Average Airbnb Cash on Cash Return: 6.32% Average Traditional Cash on Cash Return: 0.91% Average Airbnb Occupancy Rate: 52.87% Note: To learn about your options for signing up for our services, click here. Best neighborhoods for buying Airbnb rentals in Nashville – Burchwood Gardens Coming at #3 on our list is Burchwood Gardens with the following stats: Median Price: $289,900 Average Short-Term Rental Income: $2,636 Average Long-Term Rental Income: $1,905 Average Airbnb Cash on Cash Return: 6.44% Average Traditional Cash on Cash Return: 4.02% Average Airbnb Occupancy Rate: 41.82% Best neighborhoods for buying Airbnb rentals in Nashville – Historic Waverly Place Coming at #2 on our list is Historic Waverly Place with the following stats: Median Price: $549,000 Average Short-Term Rental Income: $4,622 Average Long-Term Rental Income: $1,868 Average Airbnb Cash on Cash Return: 6.45% Average Traditional Cash on Cash Return: 1.61% Average Airbnb Occupancy Rate: 51.72% Related: The Airbnb Profitability Calculator: The Best Friend of the Short-Term Rentals Investor Best neighborhoods for buying Airbnb rentals in Nashville – East Nashville Block Club Coming at #1 on our list is East Nashville Block Club with the following stats: Median Price: $286,250 Average Short-Term Rental Income: $3,612 Average Long-Term Rental Income: $2,100 Average Airbnb Cash on Cash Return: 10.02% Average Traditional Cash on Cash Return: 4.71% Average Airbnb Occupancy Rate: 62.6% To Sum Up Investing in short-term rentals in the Nashville real estate market can be a very wise decision, especially if you’re investing in one of these neighborhoods. As you can notice from each neighborhood’s stats, East Nashville Block Club is by far the best neighborhood for buying an Airbnb rental in Nashville. Not only does the neighborhood have the lowest median home price on the list, but it also has the highest occupancy rate and the most attractive cash on cash return projections. Keep in mind that the list above is based on each neighborhood’s projected cash on cash return according to Mashvisor’s calculations. If you want to see additional stats or the investment properties that are listed for sale in each of these neighborhoods, go to Mashvisor and type in the name of your neighborhood of interest to gain more real estate analytics and insights to help you make the best investment decisions and find the most profitable investment properties for your business. Start Your Investment Property Search! START FREE TRIAL Start Your Investment Property Search! START FREE TRIAL LocationNashville TN 0 FacebookTwitterGoogle +PinterestLinkedin Nasser Mansur Nasser is an experienced content writer with a degree in English Language and Literature. He loves writing about all aspects of the real estate investing business with focus on market and property analysis and the best sources which every real estate investor needs in order to succeed. Previous Post How to Calculate Real Estate Appreciation Next Post How to Invest in Property: Real Estate Investing for Beginners Related Posts The Pros and Cons of Hiring a Real Estate Broker Reonomy vs CoStar: Which is the Best Commercial Real Estate Investment Tool? Roofstock vs Fundrise: Which Is Better for Real Estate Investors? What Is Micro Flipping in Real Estate? Tips on How to Be a Real Estate Agent, the Best One in Your Area You’ve Found the Most Profitable Investments in Real Estate in 2018: Here’s Why What Are Snowbird Rentals? Should You Invest in One? 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