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  4. Smithville

Smithville, Tennessee

Short-Term Rental Market Data & Investment Analysis

Smithville, Tennessee Short-Term Rental Market Overview

Population: 5,004
Annual Visitors: 100,000
Total STRs: 198
ADR: $261.14

Visitor Profile

Smithville, Tennessee, attracts approximately 200,000 visitors annually, drawn by its charming small-town atmosphere and rich cultural heritage. The visitor demographic primarily consists of families and retirees, with a median age of 45 years. Many visitors come to Smithville for outdoor recreational activities, including fishing, hiking, and attending local festivals. The economic impact of tourism in Smithville is significant, contributing over $10 million to the local economy each year. This influx of visitors supports local businesses and creates jobs, highlighting the importance of tourism in the region.

In terms of visitor statistics, the annual visitor numbers in Smithville reflect a steady growth trend, with a notable increase during the summer months, particularly in June and July. The primary demographics include families with children, couples, and older adults, with about 60% of visitors coming from neighboring states such as Kentucky and Alabama. The main reasons for visiting include participation in local events like the Smithville Fiddlers’ Jamboree and outdoor activities at nearby parks. The average length of stay is around two to three nights, allowing visitors to explore the area thoroughly. According to the tourism bureau (https://www.visitdekalbtn.com/), the peak seasons coincide with spring and summer, when the weather is most favorable for outdoor activities. Additionally, STR data indicates that occupancy rates for local accommodations can reach up to 75% during these peak months, underscoring the importance of strategic marketing efforts to attract visitors year-round. For more information on attractions and activities, visit the AARP guide (https://local.aarp.org/smithville-tn/things-to-do/).

In summary, Smithville tourism statistics reveal a vibrant visitor profile that significantly contributes to the local economy, emphasizing the need for continued investment in tourism infrastructure and marketing.

Top Attractions

Smithville, Tennessee, is a charming destination that offers a delightful mix of outdoor adventures, cultural experiences, and family-friendly activities. Nestled in the heart of the Upper Cumberland region, this small town is known for its warm hospitality and picturesque landscapes. Visitors can explore the scenic Center Hill Lake, perfect for boating and fishing, or stroll through the Historic Downtown Smithville, where quaint shops and local eateries await. With a variety of attractions to choose from, Smithville is an ideal spot for anyone looking to experience the beauty and charm of rural Tennessee. Whether you’re an outdoor enthusiast or a history buff, there are plenty of Smithville attractions to keep you engaged and entertained.

One of the top attractions in Smithville is the beautiful Center Hill Lake, renowned for its crystal-clear waters and stunning views. Ideal for fishing, swimming, and hiking, this lake is a natural playground for families and outdoor lovers alike. For those interested in history, the Historic Downtown Smithville (https://visitsmithvilletn.com/) offers a glimpse into the town’s past with its preserved buildings and local shops. Visitors can enjoy a leisurely walk while discovering unique boutiques and dining options. Another must-see is the Smithville Depot, a historic train station that showcases the town’s rich railroad history. The depot is a great spot for photography and offers insights into Smithville’s development. For more ideas on things to do, check out the official guide on AARP’s website (https://local.aarp.org/smithville-tn/things-to-do/). With its blend of nature, history, and local culture, Smithville promises an unforgettable experience for all who visit.

Regulations

Smithville, Tennessee, has established specific regulations for short-term rentals to ensure community safety and compliance with local laws. Property owners looking to operate short-term rentals must obtain a permit from the city, which involves submitting an application and paying a fee. Additionally, short-term rental operators are required to collect and remit a hotel occupancy tax, which is currently set at 5%. Compliance with zoning regulations is also crucial, as certain areas may restrict or prohibit short-term rental activities. Understanding these regulations is essential for property owners to avoid penalties and ensure a smooth operation of their rental business.

Key requirements for short-term rentals in Smithville include obtaining a business license and a short-term rental permit. The application process requires proof of insurance and compliance with safety standards, such as smoke detectors and carbon monoxide detectors. Zoning restrictions may limit where short-term rentals can operate, so it is vital to check local zoning ordinances before proceeding. Failure to comply with these regulations can result in fines or revocation of the rental permit. For more detailed information on the application process and specific regulations, property owners can visit the official Smithville website (https://www.smithvilletn.gov) and refer to the municipal code (https://library.municode.com/tn/smithville). Understanding and adhering to Smithville short-term rental regulations will help ensure a successful and compliant rental experience.

Vacation Rental Market Overview for Smithville

Smithville attracts visitors with its family-friendly attractions and adventure sports and activities. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.

This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.

Smithville, Tennessee Market Performance Trends

LTM Avg. Daily Rate$272.00
LTM Occupancy Rate33.3%
LTM Avg. Revenue$2,195

Short-Term Rental Market Performance Analysis for Smithville

The short-term rental market in Smithville demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.

Market Trend Summary

Current market indicators show: year-round stability with consistent occupancy

Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.

Smithville, Tennessee Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:72.2% Booked
  • 4-6 Months:63.1% Booked
  • 7-9 Months:22.4% Booked
  • 10-12 Months:2.5% Booked

Cancellation Policies

  • Flexible:21.4%
  • Moderate:45.7%
  • Strict:28.6%
  • Super Strict:28.6%

Minimum Stay

  • 1 Day:29
  • 2 Days:55
  • 3 Days:11
  • 4-6 Days:1
  • 7-29 Days:0
  • 30+ Days:0

Short-Term Rental Regulations and Booking Patterns in Smithville

Smithville vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.

Market analysis reveals structured minimum stays optimizing for weekly rentals. These insights help property managers optimize their listing strategies and maximize occupancy.

Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.

Smithville, Tennessee Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Guest Rating Highlights

  • Overall Rating:4.87 / 5
  • Cleanliness:4.89 / 5
  • Location:4.91 / 5
  • Value:4.87 / 5
  • Accuracy:4.94 / 5
  • Check-in:4.95 / 5
  • Communication:4.94 / 5

Vacation Rental Property Types in Smithville

The vacation rental market in Smithville features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.

Market characteristics include predominantly entire home rentals catering to families. This distribution reflects local demand patterns and traveler preferences.

Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.

More Locations In Tennessee

  • Antioch
  • Chattanooga
  • Clarksville
  • Cleveland
  • Collierville
  • Cosby
  • Covington
  • Gatlinburg
  • Hendersonville
  • Joelton
  • Knoxville
  • Maryville
  • Memphis
  • Monterey
  • Mountain City
  • Murfreesboro
  • Nashville
  • New Tazewell

Related Short-Term Rental Markets

Explore 24 vacation rental markets within Tennessee. Each location offers unique investment opportunities with distinct seasonal patterns, pricing dynamics, and traveler demographics.

StaySTRA’s comprehensive market coverage enables side-by-side comparison of rental performance, helping investors and property managers make data-driven location decisions.

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Table of Contents

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Quick Facts: Smithville

Active STRs
198
Avg Daily Rate
$261
Occupancy Rate
47%
Population
5,004
Annual Visitors
100,000

Markets in Tennessee (24)

  • Antioch
  • Chattanooga
  • Clarksville
  • Cleveland
  • Collierville
  • Cosby
  • Covington
  • Gatlinburg
  • Hendersonville
  • Joelton
  • Knoxville
  • Maryville
  • Memphis
  • Monterey
  • Mountain City
  • Murfreesboro
  • Nashville
  • New Tazewell
  • Pigeon Forge
  • Sevierville
  • Sweetwater
  • Townsend
  • Tracy City
  • Winchester

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