Airbnb market dataThrough 1,204 listingsHow we measure
Yes, Memphis, TN is a good Airbnb market in 2026. The typical full-time listing earns $35,621 annually, with median occupancy at 61% and a median ADR of $162 (Chalet data).
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Written from an earlier data window, so some figures differ from the live numbers above.
Chalet AI
A typical active Memphis Airbnb earned $35,621 in the 12 months to Sep 2026. The top 25% of listings averaged $56,048, about 1.6× that. The bottom 25%, which includes rarely booked listings, averaged $2,901.
$2.9k
Bottom 25% average
$35.6k
Typical listing
$56k
Top 25% average
1-bedroom homes are the most common in Memphis (38% of listings).
| Bedrooms | Share of listings |
|---|
The best three months, Sep, May and Jul, brought in 29% of a typical Memphis listing's revenue over the 12 months to Sep 2026.
Higher than a year earlier in every month we can compare
Typical monthly revenue per listing, Oct 2025–Sep 2026, against the same month a year earlier
No year-earlier data for Oct–Mar yet.
Memphis Medical District Collaborative has the highest gross yield of the 11 Memphis neighborhoods we rank, at 45.6%, with typical revenue of $39,449 a year.
| # | neighborhood | Gross yield | Revenue/yr | Occupancy | Home value |
|---|---|---|---|---|---|
| 1 | Memphis Medical District Collaborative | 45.6% | $39,449 | ||
| 2 | Greater Whitehaven Economic Development Corp | 41.0% | $47,106 | ||
| 3 | Center City Development Corporation | 35.1% | $30,425 | ||
| 4 | Midtown Memphis Development Corp | locked | locked | locked | locked |
| 5 | Central Gardens Association | locked | locked | locked | locked |
| 6 | Crosstown Cdc | locked | locked | locked | locked |
| 7 | South Memphis Alliance | locked | locked | locked | locked |
| 8 | Binghampton Development Corp | locked | locked | locked | locked |
| 9 | Vollintine Evergreen Community Association | locked | locked | locked | locked |
and 2 more neighborhoods
Ranked by gross yield (typical yearly revenue ÷ median home value), last 12 months. 6 neighborhoods have fewer than 20 listings or incomplete data and aren't ranked.
Yield isn't everything: zoning and HOA rules decide which streets allow short-term rentals.
The median Memphis home is worth $145,335 (Zillow, Aug 2026), down 2.8% in a year. At typical revenue that's a 24.5% gross yield, before the mortgage, taxes and running costs.
Memphis ranks #1 of the 10 Tennessee markets we track by gross yield.
| # | Market | Gross yield | Revenue/yr | Home value |
|---|---|---|---|---|
| 1 | Memphis, TN (this market) | 24.5% | $35,621 | |
| 2 | Gatlinburg, TN | 14.0% | $57,050 | |
| 3 | Sevierville, TN | 13.9% | $58,462 | |
| 4 | Pigeon Forge, TN |
None listed in Memphis right now, so here are others in Tennessee.
A typical active Airbnb in Memphis, TN earned $35,621 in the 12 months to Sep 2026. The median listing was booked 61% of nights, and the average nightly rate was $162 in Sep 2026. Against a median home value of $145,335, that's a 24.5% gross yield before the mortgage, taxes and running costs.
A typical active listing earned $35,621 in the 12 months to Sep 2026. The top 25% of listings averaged $56,048 and the bottom 25% $2,901. Estimated by size: 1-bedroom about $23,513; 2-bedroom about $35,331; 3-bedroom about $48,634 and 4-bedroom about $72,667 a year.
The typical listing was booked 61% of nights in the 12 months to Sep 2026, from 72% in September to 47% in January.
Based on 1,204 Memphis short-term rental listings tracked by Chalet, with data through Sep 2026. Home values come from the Zillow Home Value Index.
Airbnb data sites count different things. Some average every listing, including ones that are rarely booked; some use a whole metro area instead of the town; some use a calendar year. We show typical figures for active listings in Memphis over the last 12 months, and label each number with what it counts. Compare like with like before comparing sites.
| Nightly rate |
|---|
| Occupancy |
|---|
| Est. revenue/yr |
|---|
| Studio | 3% | $119 | 67% | $29,267 |
|---|---|---|---|---|
| 1 bedroom | 38% | $111 | 58% | $23,513 |
| 2 bedrooms | 23% | $159 | 61% | $35,331 |
| 3 bedrooms | 22% | $222 | 60% | $48,634 |
| 4 bedrooms | 11% | $337 | 59% | $72,667 |
| 5 bedrooms | 3% | $391 | 48% | $68,114 |
Estimated revenue = nightly rate × occupancy × 365, last 12 months.
Have a property in mind?
Estimate its revenue, costs and cash flow with Memphis's numbers.
| Month | Revenue | Occupancy | Nightly rate | Revenue a year earlier |
|---|---|---|---|---|
| Oct 2025 | $2,355 | 57% | $138 | |
| Nov 2025 | $2,649 | 57% | $153 | |
| Dec 2025 | $2,534 | 49% | $156 | |
| Jan 2026 | $2,370 | 47% | $141 | |
| Feb 2026 | $2,561 | 54% | $150 | |
| Mar 2026 | $3,235 | 64% | $162 | |
| Apr 2026 | $3,146 | 61% | $163 | |
| May 2026 | $3,550 | 69% | $171 | |
| Jun 2026 | $3,239 | 64% | $170 | |
| Jul 2026 | $3,386 | 67% | $170 | |
| Aug 2026 | $3,043 | 61% | $167 | |
| Sep 2026 | $3,553 | 72% | $169 |
Yes, Airbnbs are legal in Memphis with a required city permit and compliance with local ordinances.
Yes, both a City of Memphis and Shelby County business license are required to operate an Airbnb in Memphis.
The city does not enforce HOA or condo restrictions, but private covenants may still apply.
In Memphis, the total effective lodging tax rate for STRs is 8.5% (3.5% city + 5% county), and the total tax burden including sales tax is 13.25%.
The 10 largest operators in Memphis each ran 15 or more listings as of May 2025.
and 3 more
Of guests from the top 10 cities, 67% live within a day's drive. Guests book 49 days ahead on average.
and 3 more
| 12.9% |
| $54,752 |
| 5 | Chattanooga, TN | 12.2% | $39,078 |
|---|
| 6 | Nashville, TN | 11.2% | $48,231 |
|---|
| 7 | Murfreesboro, TN | 9.7% | $41,125 |
|---|
| 8 | Knoxville, TN | 9.2% | $34,232 |
|---|
Buying here?
A Memphis STR agent knows which properties and streets work as short-term rentals.
Selling a Memphis Airbnb?
Get matched with a listing agent who sells short-term rentals here.
Need financing?
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September; May and July earned the most, bringing in 29% of a typical listing's revenue in the 12 months to Sep 2026.
$145,335 as of August 2026 (Zillow Home Value Index), down 2.8% in a year.
1-bedroom homes make up 38% of listings, earning an estimated $23,513 a year.
The top origin cities are Memphis, TN (7.3% of guests); Nashville, TN (3.0% of guests) and Chicago, IL (2.0% of guests). Of guests from the top 10 cities, 67% live within a day's drive.
Chalet tracks 1,204 short-term rental listings in Memphis, TN, with data through Sep 2026.
For education only, not financial, legal or investment advice. Full methodology
