#1 in the Nation for Tourism Spending
Nashville Short Term Rentals
Nashville is one of the top travel destinations in the US and #1 in the South. Known for our top tier hospitality and ample live music scene, Nashville hosts 16.5 million tourists a year. Making this city a generous hub for investors alike for short and longer term investments.
Our city also boasts a profitable healthcare industry and booming job market, making the 30+ rental investments a lucrative option as well.
Details on how these are regulated in Nashville below.
Nashville STR Regulations
Since tourism has grown exponentially within Davidson County, this has led to some strict regulation when it comes to renting out a property beginning in 2022. This is why it is imperative you find a real estate team that knows these regulations intuitively while finding your investment property.
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To file for a non-owner occupied STR permit within Davidson county beginning January 1st, 2022 a property must be zoned properly. Any residentially zoned property can no longer be used as an STR unless it is owner occupied.
Only commercial and MUD zoned properties can apply. There has been multiple re-zonings on certain condos since which make these easier to find. But single family homes no longer apply. There are some townhomes that meet regulations.
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These are rentals that are leased for periods of 30+ or more. These are permitted anywhere within Davidson county as long as they do not violate any HOA restrictions if the property has one. This means any single family home not residing within an HOA community, is ready to go! These cannot be posted on VRBO or Airbnb.
Nashville has a large healthcare industry as well as corporate relocations that make these profitable for those who seek to invest in a single family home.
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Nashville’s rental industry has continued to grow 11% year over year with our average rent for a 3 bedroom climbing to $2,000 a month this last year. Out of our entire housing market, renters make up 47% of the total occupied housing. This makes vacancy rates incredibly low and Nashville a great city to add to investors real estate portfolios.
