Saturday, February 04, 2023

Nashville named one of the best cities in US to open an Airbnb in new report

 By John Klyce and Meg Wrather, Nashville Business Journal, Feb 3, 2023  - ..... "The average Airbnb rakes in just under $4,000 a month, and though the cost of living and housing prices are a little steep, the average revenue and higher-than-normal occupancy rate of 56% means you’re likely to recoup your initial investment quickly," the report said of Music City.

Nashville’s Airbnb occupancy rate stood at 56% while its median home price was $455,157 and its average monthly Airbnb revenue was $3,911. Nashville scored a 101.4 on the cost of living index, which was slightly above the national average of 100. (link)

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