How many Airbnb and VRBO listings are in Memphis?

Over the 12 months ending September 2026, the Memphis market averaged 2,185 active Airbnb and VRBO listings, down 1% from a year earlier and up 41% over two years.

How much do Airbnbs and VRBOs make in Memphis?

An average Memphis listing earns $29K/year. High-performing listings earn $55K, while low-performing listings earn $9K.

How much does it cost to buy an Airbnb or VRBO property in Memphis?

Median Memphis home prices by size are 1-bedroom $83K, 2-bedroom $152K, 3-bedroom $243K, and 4+ bedroom $342K.

What is the occupancy rate for Airbnb and VRBO in Memphis?

Average occupancy in Memphis is 39%, producing RevPAR of $60 per available night.

Are short-term rentals legal in Memphis?

Rules vary across Memphis. Memphis: Moderate. Business license and short-term rental permit required, safety inspections, zoning restrictions in some areas. Enforcement varies by neighborhood, with more attention downtown. Many hosts operate compliantly. Southaven: Lenient. Business license required, must follow residential zoning. Minimal enforcement, small regulatory framework. Hosts generally operate without issues. Germantown: Strict. Prohibited in most residential zones, limited to specific commercial areas. Active code enforcement with complaints investigated promptly. Verify requirements for the property's jurisdiction.

Is the Memphis Airbnb and VRBO market oversaturated?

The Memphis Airbnb and VRBO market does not show clear signs of oversaturation. Supply has declined 1% year-over-year, while RevPAR has increased 17%, suggesting demand is outpacing available supply.

When is peak season for Airbnbs and VRBOs in Memphis?

RevPAR is highest in May and September; it is lowest in January and February.

Which Airbnb and VRBO amenities matter most in Memphis?

The most common amenities are Air Conditioning (100%), Internet (99%), TV (98%). The strongest positive revenue associations are Pool (+46%), Bbq (+43%), Pets Allowed (+11%).

What is the average nightly rate for Airbnbs and VRBOs in Memphis?

Average daily rate in Memphis is $197, up 11% year-over-year. Rates peak in May and are lowest in January.

How far in advance do guests book Airbnb and VRBO stays in Memphis?

Guests in Memphis book an average of 25 days in advance, down 5% from last year. Booking windows range from 22 days for 1-bedroom listings to 29 days for 4+ bedroom listings.

Which days of the week perform best for Airbnbs and VRBOs in Memphis?

Booking demand is highest on Saturday and lowest on Monday. Nightly rates peak on Friday and are lowest on Tuesday. Weekend occupancy is 44% higher than weekday occupancy.

How is gross yield calculated?

For each eligible home, annual room-revenue potential is divided by a ZIP- and bedroom-matched home-value estimate. Groups show the median of those yields. Cleaning income is excluded. Gross yield is before expenses and financing.

Memphis, TN

Memphis

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Annual revenue (actual)

$30.7k

12 mo avg

↑16%

from prior 12 mo

Occupancy rate

45%

12 mo avg

↑2%

from prior 12 mo

Avg daily rate

$176

12 mo avg

↑10%

from prior 12 mo

Gross yield

13.6%

Current potential

↑0.3 pts

vs prior-year prices

Lead time

24 days

12 mo avg

↓1 days

from prior 12 mo

Revpar

$62

12 mo avg

↑7%

from prior 12 mo

See how Memphis ranks among Tennessee Airbnb markets by gross yield

Memphis Airbnb market summary

Best Airbnb neighborhoods in the Memphis, TN market

Compare 15 neighborhoods and nearby areas in the broader Memphis, TN rental market. These areas are not limited to city boundaries. Each figure below is based on at least 20 qualifying listings; follow an area for occupancy, nightly rates and bedroom comparisons.

Ranked by median gross yield across eligible homes. Each home’s annual room-revenue potential is compared with its ZIP- and bedroom-matched value, before expenses.

Neighborhood	Revenue (potential)	Gross yield
1.South Memphis & Orange Mound	$32.9K 32 listings	46.4% 32 listings
2.North Memphis & Vollintine-Evergreen	$32.5K 36 listings	27.6% 36 listings
3.Whitehaven & Graceland	$38.3K 31 listings	26.5% 31 listings
4.Berclair & Summer Avenue	$30.2K 33 listings	24.2% 33 listings
5.Rhodes College & Summer Avenue	$28.8K 76 listings	22.4% 76 listings
6.University District & East Memphis	$27.7K 63 listings	20.0% 63 listings
7.Southaven & Horn Lake	$46.2K 61 listings	19.7% 61 listings
8.Cordova	$53.3K 27 listings	18.3% 27 listings
9.Bartlett	$36.5K 27 listings	16.8% 27 listings
10.Cooper-Young & Overton Square	$25.3K 250 listings	14.8% 250 listings
11.Olive Branch & Marshall County	$48.5K 30 listings	14.3% 30 listings
12.East Memphis & Poplar Corridor	$39.0K 79 listings	13.8% 79 listings
13.Central Gardens, Annesdale & Crosstown	$22.1K 95 listings	13.6% 95 listings
14.Hernando & West DeSoto	$37.3K 24 listings	13.5% 24 listings
15.Downtown Memphis & South Main	$23.1K 154 listings	10.7% 154 listings

Data as of 2026-10-06

Revenue per listing by bedroom

Annual revenue per listing, broken down by bedroom count. Compare which property sizes perform best.

Bedroom count:

Short-term rental supply growth

Tracks how the number of active listings changes over time. Rising supply with flat revenue may indicate saturation.

Performance metrics by bedroom

Breakdown of revenue, property values, yields, supply, and cleaning fees for each bedroom type.

Bedrooms

Median revenue

Median home value

Gross yield

Supply

Cleaning fee

🔒 •••

🔒 $5•

🔒 •••

🔒 $6•

🔒 •••

🔒 $9•

🔒 •••

$134

🔒 •••

🔒 $2••

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