Tennesse
With moderately affordable property values, consistent population growth causing rental demand and rising rents in various markets, Tennessee has quickly become a popular state for SFR investors pursuing stable cash flow and long-term appreciation. Regardless of your overall investment goals, Tennessee has plenty of options to align with your goals and maximize returns.
Markets like Knoxville, Memphis and Nashville have all experienced steady year-over-year growth in average SFR rents. Knoxville led the way with a 3.0% increase, pushing average rents to $2,264. Memphis followed with a 2.7% jump to $1,482, while Nashville saw a more modest 1.0% rise, bringing average rents to $2,6271. With consistent demand and rising rents, Tennessee’s major metros continue to offer dependable cash flow for SFR investors.
Tennessee offers several strong STR markets, but Nashville and Chattanooga stand out. With year-round tourism, Nashville earned an 81 out of 100 market score from AirDNA, with average annual revenue reaching $62,000, up 6% YoY. For investors looking for a less competitive alternative, Chattanooga is an attractive choice. It scored 96 out of 100, with an average annual revenue of $39,000, up 7% YoY2.
Tennessee SFR investors trust Visio Lending for fast and flexible financing to scale their portfolios. Backed by years of expertise and a streamlined process, we’ve helped hundreds of investors secure nearly $200 million in this growing market.
Sources:
1: Rentometer
2: AirDNA
