Data obtained by Inside Airbnb at September 2017, shows that there were more than 5,332 Airbnb listings in Nashville available for short-term rental, each rented for an estimated 133 nights per year for an average price of $209/night.
More than a half of the listings (51% or 2,728 out of 5,332) are "entire homes or apartments" that are "rented frequently" for on average an estimated 187 nights (6 months) of the year .
48% of Nashville's Airbnb's listings (2,568) are by "hosts" with more than one listing. Some of these may be multiple rooms in the same home, however the majority of these multi-listings are entire homes (1,991).
The top 20 hosts have more than 15 listings each, with Turn Key with 157 listings and Stay Alfred with 116 listings, all of which are entire homes or apartments.
Nashville legalized Short Term Rental Properties in early 2015, and the laws came into effect on July 1, 2015.
Key aspects of the law include:
Concerns introduced by data are the high number of entire homes being rented permanently as Short Term Rental Properties, against the common understanding promoted by the "sharing economy" that hosts are primarily renting spare bedrooms or occasionally renting their homes.
While the public data that Inside Airbnb obtained cannot differentiate between single-family, duplexes and multi-family homes - in light of the high-number of listings that appear to be NON-owner occupied, there should be questions whether the law is serving to protect residential properties.
In addition, issues like the current debate (07:25-13:10), in Nashville about the Detached Accessory Dwelling Unit (DADU) Overlay, and the application of the overlay in neighborhoods like Shelby Hills (1:39:40-2:13:41), could have the affect of making additional units available as Short Term Rental Properties instead of addressing Affordable Housing or providing for multi-generational homes.
A conservative occupancy model has been built in order to estimate Occupancy Rates, Income per Month and Nights per Year. More information on the methodolgy of the occupancy model can be found in the disclaimers.
Inside Airbnb: Nashville uses the following parameters:
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Airbnb provides NO PUBLIC DATA to help understand the use of their platform and the impact on cities around the world.
Airbnb also provide NO DATA to cities or states to assist them in ensuring that Airbnb hosts and Airbnb are following the local laws.
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How is Airbnb really being used in and affecting your neighborhoods?
Airbnb guests may leave a review after their stay, and these can be used as an indicator of airbnb activity.
The minimum stay, price and number of reviews have been used to estimate the occupancy rate, the number of nights per year and the income per month for each listing.
How does the income from Airbnb compare to a long-term lease?
Do the number of nights booked per year make it impossible for a listing to be used for residential housing?
And what is renting to a tourist full-time rather than a resident doing to our neighborhoods and cities?
An Airbnb host can setup a calendar for their listing so that it is only available for a few days or weeks a year.
Other listings are available all year round (except for when it is already booked).
Entire homes or apartments highly available year-round for tourists, probably don't have the owner present, could be illegal, and more importantly, are displacing residents.
Some Airbnb hosts have multiple listings.
A host may list separate rooms in the same apartment, or multiple apartments or homes available in their entirity.
Hosts with multiple listings are more likely to be running a business, are unlikely to be living in the property, and in violation of most short term rental laws designed to protect residential housing.
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$### income/month (est.)
X night minimum
x.x nights/year (est.)
##.#% occupancy rate (est.)
xxx days/year (##.#%)
click listing on map to "pin" details