Nashville, Indiana Short-Term Rental Market
Nashville, IN STRs averaged $157/night at 54.5% occupancy in April 2026 across 7,800+ active listings.
Quick Answer: Nashville, Indiana is an active short-term rental market. average occupancy is 55%. average monthly revenue is $2,181. average daily rate is $157. the top operator is Evolve with 168 listings. market score is 78/100 (grade B).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Nashville, Indiana anchors one of the Midwest’s most active short-term rental markets, drawing roughly 3 million visitors per year to Brown County State Park, the historic arts district, and regional entertainment venues. As of April 2026, the market recorded an average daily rate of $157 and occupancy of 54.5%, producing an average monthly revenue of $2,181 per listing. RevPAR stood at $85.48.
The market showed positive momentum year-over-year: occupancy rose 5.0%, ADR climbed 3.1%, and revenue grew 3.9% compared to the same month one year prior.
Active inventory spans more than 7,800 listings. Entire-place listings account for 7,121 of those, representing over 91% of the market. Private-room listings add another 693. On the channel side, 4,181 listings appear on Airbnb, 496 on VRBO, and 3,139 on both platforms simultaneously.
The bedroom mix skews toward smaller units: 1-bedroom properties represent the largest segment at 2,451 listings, followed by 2-bedroom (2,187), 3-bedroom (1,826), 4-bedroom (786), and 5-bedroom-plus (552). The market’s overall score of 78 out of 100 reflects strong investability (96.75) and solid rental demand (79.37), tempered by moderate seasonality (59.58) and regulatory friction (66.15).
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 39% | $129 | $1,541 |
| Feb | 48% | $129 | $1,541 |
| Mar | 51% | $135 | $1,848 |
| Apr | 51% | $143 | $1,893 |
| May | 53% | $167 | $2,192 |
| Jun | 62% | $212 | $3,351 |
| Jul | 67% | $221 | $3,994 |
| Aug | 59% | $212 | $3,450 |
| Sep | 50% | $183 | $2,481 |
| Oct | 51% | $165 | $2,400 |
| Nov | 47% | $153 | $2,017 |
| Dec | 45% | $147 | $1,887 |
Top Short-Term Rental Operators in Nashville
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 168 | 6,280 | ★ 4.69 |
| 2 | Beachwalk Vacation Rentals | 139 | 4,328 | ★ 4.72 |
| 3 | General Manager of Hills O' Brown Vacation Rentals | 71 | 2,200 | ★ 4.70 |
| 4 | Imperial Access Rental | 48 | 138 | ★ 4.68 |
| 5 | MTM Premier Property Management | 40 | 1,048 | ★ 4.78 |
What Kind of STR Should I Buy in Nashville?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 2,451 |
| 2 bed | 2,187 |
| 3 bed | 1,826 |
| 4 bed | 786 |
| 5 bed | 552 |
ADR by Property Tier
| Entire Home | $165 |
| Luxury | $314 |
| Professionally Managed | $197 |
Revenue by Dwelling Type
| Apartment | $1,713 |
| Entire Place | $2,291 |
| House | $2,376 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 53.5% |
| vrbo | 6.3% |
| both | 40.2% |
Investment Analysis
Nashville, IN presents a compelling STR investment case driven by high demand concentration and a strong investability score of 96.75 out of 100. The typical home value stands at $340,525 with a median list price of $412,500 and 46 active for-sale listings as of April 2026, offering a range of entry points across the Brown County market.
At April 2026 average monthly revenue of $2,181, an investor holding a property at the typical home value would see an annualized gross revenue of approximately $26,172, representing a gross yield of roughly 7.7% before expenses. Professionally managed listings command an ADR of $197 compared to the all-listings average of $157, a $40 premium that underlines the value of professional operations. Luxury-tier properties averaged $314 per night, more than double the market average.
House listings outperform apartments in monthly revenue: $2,376 for houses versus $1,713 for apartments. Entire-place listings average $2,291. Year-over-year revenue growth has been positive through 2024 and 2025, with 2024 averaging $2,608 per month and 2025 averaging $2,671. The market’s regulation score of 66.15 reflects real permitting hurdles but not outright restriction, which has helped limit new supply and support sustained operator returns.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Nashville, IN guests book an average of 39.5 days in advance, indicating a planning window of roughly five to six weeks. This moderate lead time gives operators meaningful pricing power: rates can be held firm for bookings made 40 or more days out, with dynamic discounts applied selectively as arrival approaches to fill remaining gaps.
Average length of stay is 4.1 nights, consistent with the weekend-plus pattern typical of drive-market leisure destinations. This LOS implies approximately seven turnovers per month at full occupancy, supporting a cleaning and maintenance schedule that balances guest throughput with property upkeep. Operators targeting the fall foliage and summer peaks should consider enforcing 3- or 4-night minimums during those periods to reduce single-night bookings that depress weekly yield. The 39.5-day lead time also suggests that last-minute inventory (bookings within 14 days) represents a secondary revenue opportunity, particularly during shoulder months like March, April, and November.
Short-Term Rental Regulations
Short-term rentals are legal throughout Brown County and the Town of Nashville but require a Special Exception from the Brown County Board of Zoning Appeals. STRs are classified locally as Tourist Homes and cover any rental of 30 days or less. There is no by-right path: every new operator must file an application with the Brown County Planning Department, undergo a public hearing, and win BZA approval, a process that typically takes 4 to 6 weeks.
In unincorporated Brown County, two spacing requirements apply: the property must sit at least 250 feet from the nearest residence and at least 1,320 feet (one-quarter mile) from any other short-term rental. These rules materially restrict new supply in popular cabin-dense areas. Inside Town of Nashville limits the quarter-mile separation does not automatically apply, but the property must fall within an eligible zoning district and still requires Special Exception approval.
There is no annual cap on rental nights, no owner-occupancy requirement, and no primary-residence requirement. A separate, lower-burden Home Stay path exists for owner-occupied properties renting up to two guestrooms.
Guests pay 15% in combined taxes on bookings under 30 nights: 7% Indiana state sales tax plus an 8% Brown County Innkeepers Tax (increased from 5% effective July 1, 2025). Permits renew annually. Enforcement is complaint-driven through the Planning Department, with remedies including cease-and-desist orders, Special Exception revocation, fines, and permanent prohibition from future operation. Enforcement severity is rated moderate.
Market Comparison
Nashville, IN occupancy of 54.5% in April 2026 sits slightly below the U.S. STR median of approximately 55%, though the market’s April figure reflects a seasonally softer period. At the annual 2025 average of 52.5%, the market trails the national benchmark modestly. ADR of $157 is well below the national STR median of approximately $220, reflecting the drive-market, rural cabin profile rather than resort or urban pricing.
The market’s 7.7% gross yield compares favorably against many coastal and urban markets where acquisition costs outpace rental income. Investability scored 96.75 out of 100, placing Nashville, IN among the highest-rated markets nationally on that dimension.
The operator landscape is moderately consolidated. Evolve leads with 168 listings and 6,280 reviews at a 4.69 rating. Beachwalk Vacation Rentals holds second place with 139 listings and 4,328 reviews at a 4.72 rating. Hills O’ Brown Vacation Rentals operates 71 listings with 2,200 reviews at 4.70. These three operators together account for approximately 378 listings, or roughly 4.8% of the total active inventory, leaving the remainder distributed among independent hosts and smaller managers.
Frequently Asked Questions About Nashville, Indiana
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What are the peak and slow seasons for Nashville, IN STRs?
Who are the largest property managers operating in Nashville, IN?
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