Since our founding in 2008, Airbnb has become an economic lifeline that makes it possible for long-time residents to pay their bills, make ends meet, and stay in the city they love. Home sharing allows ordinary people to take what is typically one of their greatest expenses – their homes – and turn it into supplemental income. With that understanding, Airbnb takes our impact on cities seriously and is committed to strengthening communities around the world.
In Nashville, our commitment includes working collaboratively with City officials and community leaders to establish fair, transparent and common-sense guidelines around responsible home sharing that harness its significant economic benefits, generate new revenue for the City and protect the quality and character of Nashville’s neighborhoods. Like many in the community, we share the belief that Nashville’s continued growth and prosperity depend on ensuring that neighborhoods remain inclusive and affordable for all residents.
In that spirit, the following report looks at Airbnb activity as it relates to the ongoing dialogue about home sharing and housing in the Music City. Our key findings include:
- Most Airbnb hosts share their permanent homes and do so in large part to keep their living costs affordable: 79 percent of Airbnb hosts in Nashville are sharing their own home and 42 percent use their income from Airbnb to make ends meet.
- Entire home listings comprise only 1.1 percent of housing units in Nashville and include several types of units that would not otherwise be viable as long-term housing units.
- Most entire home listings are shared only occasionally: 69 percent of entire home listings were booked for fewer than 120 days in the past year. “Full-time” entire home listings on Airbnb represent only 0.06 percent of Nashville’s total housing stock, and 4 percent of Airbnb’s current listings.