Is Westmoreland, Tennessee Good for Airbnb Investment?

Potentially—Westmoreland, Tennessee combines visitor demand with long-term real estate upside.

• Presents a unique opportunity, influenced by its local market dynamics and emerging tourism appeal.
• Current market conditions in Westmoreland typically reflect a more localized demand, with property values that are generally more accessible compared to larger metropolitan areas.
• While not a major tourist hub, the area may benefit from visitors seeking a quieter retreat, access to nearby natural attractions, or those attending local events, which could contribute to a steady, albeit niche.
• The investment potential largely hinges on identifying properties that cater to specific guest needs and effectively marketing them to attract visitors looking for a more serene or community-focused experience.

$800–$2,200, based on location, season, and property quality.

• Based on available market data and regional analysis, Airbnb properties in Westmoreland, Tennessee typically generate average monthly revenues ranging from $800 to $2,200, with most hosts earning between $1,200 to $1,800 per month depending on property size and amenities.
• Seasonal variations show peak earnings during summer months and fall foliage season, with revenues increasing approximately 25-40% above baseline rates.
• Properties near Old Hickory Lake and those offering unique amenities like hot tubs, fire pits, or waterfront access command premium rates of $120-180 per night compared to standard listings at $75-120 per night.
• Key factors affecting earnings include proximity to Nashville (approximately 45 minutes away), property condition and professional photography, responsive host communication, competitive pricing strategies.
• Occupancy rates in the area average 60-75% annually, with successful hosts maintaining higher occupancy through strategic pricing, excellent guest reviews, and property differentiation.

Potentially strong—typical annual ROI is 8–12%.

• Typically generate ROI between 8-12% annually, with payback periods averaging 7-9 years for properties purchased in the $150,000-$250,000 range.
• Short-term rental properties in this market command average nightly rates of $85-$120 with occupancy rates around 65-75%.
• The higher gross yields from Airbnb operations are offset by increased operational costs including cleaning, maintenance, utilities, and platform fees.
• Properties near Cordell Hull Lake and those offering rural retreat experiences perform strongest, with some investors achieving 15%+ returns on well-positioned cabins and lakefront properties.

Westmoreland, Tennessee averages 45–55% annual occupancy, with seasonal variation.

• Westmoreland, Tennessee experiences average Airbnb occupancy rates of approximately 45-55% annually, with significant seasonal variations that peak during summer months (June-August) at 65-75% and fall to winter lows of 30-40% during December-February.
• Spring months typically see moderate occupancy around 50-60%, while fall maintains similar levels before the winter decline.
• Peak seasons align with Tennessee's tourism patterns, including summer lake activities, fall foliage viewing, and holiday periods.
• Compared to Tennessee's statewide Airbnb occupancy average of approximately 55-65%, Westmoreland performs slightly below due to its smaller size and limited tourist attractions.
• The area benefits from its proximity to Nashville (about 45 minutes) and Cordell Hull Lake recreational activities.

The strongest opportunities balance visitor demand, nightly rates, and acquisition cost.

• The downtown Westmoreland area offers excellent Airbnb potential due to its historic charm and walkability to local shops and restaurants.
• The neighborhoods near Bledsoe Creek State Park provide strong investment opportunities as they cater to outdoor enthusiasts and families visiting the park for camping, fishing, and hiking.
• Areas close to Old Hickory Lake shoreline are highly desirable for vacation rentals, drawing boaters, anglers.
• The residential neighborhoods along Highway 52 offer good accessibility and moderate investment costs while serving visitors to nearby attractions and those seeking quiet retreats within driving distance of Nashville.
• Properties near the Westmoreland city center provide convenient access to local amenities and events while maintaining affordable acquisition costs and steady rental demand from business travelers and tourists.
• The areas surrounding local farms and rural attractions appeal to agritourism visitors and those seeking peaceful countryside experiences, offering unique positioning in the market.
• Neighborhoods with larger lots and privacy near the Cumberland River corridor attract groups and families looking for spacious accommodations for reunions and extended stays.

Yes, but only where zoning permits short-term rentals and every required license is current.

• Property owners typically need to obtain a business license and may require a conditional use permit depending on zoning classification.
• Occupancy limits generally follow the "2+1 rule" allowing two guests per bedroom plus one additional guest, though this can vary by property size and local fire codes.
• Owner-occupancy requirements are not typically mandated for STRs in Westmoreland, unlike some larger Tennessee cities.
• Zoning restrictions generally permit short-term rentals in residential districts but may prohibit them in certain agricultural or commercial zones.
• The registration process involves applying through Sumner County for business licensing, providing proof of insurance.
• Recent changes around 2022-2023 have included increased scrutiny on noise ordinances and parking requirements.

Tax rates vary by jurisdiction; licensing, inspection, and insurance costs are additional.

• Short-term rentals in Westmoreland, Tennessee are subject to several fees and taxes including Tennessee state sales tax of 7%, local sales tax of approximately 2.25%.
• The city typically requires a business license costing around $50-75 annually, along with a short-term rental permit fee of approximately $100-150 per year.
• Property owners must also pay standard property taxes which average 0.64% of assessed value in Sumner County.
• Registration fees for initial permit applications generally range from $25-50, and some properties may require zoning compliance fees of $50-100.
• Fire safety inspections, when required, typically cost $75-125, and there may be additional administrative processing fees of $15-25 for permit renewals.