Data ranking · Updated 2026-06-28

Best Memphis neighborhoods for Airbnb

Ranked on real short-term-rental comps, not guesses. By median annual revenue, Mud Island leads near $35,198. The highest nightly rates are in White Station around $274. The most proven market by active listings is Midtown. Every number is the median of live Memphis Airbnb and VRBO comps in that area, with the sample size shown.

By Andrew Glisson , Longstep Property Solutions
These are the same comps we underwrite our own short-term rentals on.

Ranked by median annual revenue

The 20 Memphis areas with the highest median short-term-rental revenue (areas with at least 5 comps).

#	Neighborhood	Annual revenue	Nightly rate	Occupancy	Comps
1	Mud Island	$35,198	$222	52%	32
2	Lakeland	$32,555	$208	71%	15
3	Rozelle	$31,640	$233	63%	21
4	Pigeon Roost	$31,640	$233	63%	20
5	Joffre	$28,171	$178	64%	22
6	South City	$27,654	$159	55%	152
7	Colonial Acres	$27,571	$175	61%	33
8	Far East Memphis	$27,324	$239	60%	40
9	Victorian Village	$26,412	$125	58%	17
10	South Main Arts District	$26,266	$167	49%	61
11	High Point Terrace	$26,252	$201	52%	27
12	Southaven	$25,925	$216	68%	87
13	East Buntyn	$25,352	$184	57%	10
14	Cooper-Young	$23,954	$152	60%	148
15	Evergreen Historic District	$22,995	$175	55%	54
16	South Memphis	$22,759	$186	55%	15
17	East Memphis	$22,412	$205	61%	127
18	Oka Nashoba	$21,624	$194	56%	18
19	Berclair-Highland Heights	$21,615	$158	60%	64
20	Northeast Memphis	$21,605	$183	56%	27

Highest nightly rates

Median nightly rate from live comps.

Highest occupancy

Median occupancy, trailing 12 months.

Most established markets

By count of active comps.

How we ranked these

Median nightly rate, occupancy, and trailing-12-month revenue come from real Memphis Airbnb and VRBO listings, located to each neighborhood by map coordinate. Short-term-rental platforms offset the displayed pin by roughly 100 meters (about 340 feet) for privacy, which is immaterial at neighborhood scale but can blur a listing sitting right on a boundary. We only rank areas with at least 5 comps and show the sample size on every row, because a confident number on a thin sample is the most common way market data misleads. Revenue is gross, before the cost of running the rental, and before Memphis permit compliance. This is informational, not a projection for any specific property or investment advice.

Fair housing. We publish the same objective market data for every Memphis area. We do not rate neighborhoods as good or bad, do not steer anyone toward or away from any area, and do not include crime data, which can act as a proxy for protected characteristics. Your investment criteria are your own.

Common questions

What is the best Memphis neighborhood for an Airbnb?

It depends what you optimize for. By median annual revenue, Mud Island leads at about $35,198. By nightly rate, White Station is highest near $274 a night. The most established market by active listings is Midtown. Every figure here is the median of real Memphis short-term-rental comps in that area, with the sample size shown.

Do I need a permit to run an Airbnb in Memphis?

In most cases yes. Memphis requires a short-term rental permit under Memphis City Code Chapter 5-44, with insurance, a local responsible party, and a code inspection, regardless of platform or ownership structure. Confirm a specific address before counting on STR income from it. Our STR permit guide walks through the rules.

How are these neighborhood numbers calculated?

Median nightly rate, occupancy, and trailing-12-month revenue come from real Memphis Airbnb and VRBO comps, located to each neighborhood by map coordinate. Platform pins are privacy-offset by roughly 100 meters, which is immaterial at neighborhood scale but can blur a listing right at a boundary. We only rank areas with at least 5 comps and show the sample size on every row.

What could your specific property earn?

Neighborhood medians are a starting point. Enter your address for a live, comp-backed short-term-rental estimate for your exact property. Free, no obligation.

Or try the instant estimate, read the STR permit guide, or see best neighborhoods for long-term rentals.

Considering a Memphis Airbnb?

Send us the address and we will run the short-term revenue numbers on real Memphis booking comps, plus permit guidance under Memphis City Code Chapter 5-44. Free, and no obligation.

Get a free STR analysis Call (901) 244-2911

Longstep Property Solutions is a licensed Memphis property management company with in-house leasing, maintenance and cleaning.