Crossville, Tennessee, is experiencing a promising short-term rental market with an average daily rate of $168, 38% occupancy, and a monthly revenue of $12,561, making it an attractive option for investors and travelers alike.
Strong Recovery in Crossville, Tennessee's Short-Term Rental Market
Crossville, Tennessee is witnessing a promising turnaround in its short-term rental market. Despite a slight dip in overall occupancy rates earlier in the year, recent data indicates a positive trend. As of the latest reports, short-term rentals in Crossville are averaging an occupancy rate of 38%, which, while moderate, shows potential for growth and optimization.
The average daily rate (ADR) for these rentals stands at $168, contributing to a monthly revenue of approximately $12,561. This stability in pricing and revenue suggests that Crossville is becoming an increasingly attractive destination for travelers, particularly those seeking a serene and natural getaway. With the right strategies, such as enhancing amenities and dynamic pricing, property owners in Crossville can capitalize on this momentum to boost occupancy rates and revenue further. The outlook for the remainder of 2024 appears favorable, making Crossville an exciting opportunity for investors in the short-term rental market.
Short-Term Rental Regulations in Crossville, Tennessee for 2024
While the specific regulations for Crossville, Tennessee, are not detailed in the provided sources, here are some general guidelines and regulations that are commonly applied in Tennessee and can be inferred for Crossville, based on state and other municipal regulations:
State-Level Regulations
- Definition of Short-Term Rental: A residential dwelling rented fully or partially for a fee for less than 30 consecutive days.
- Liability Insurance: Short-term rental providers must maintain at least $500,000 in liability insurance.
- Safety Regulations: Compliance with safety regulations, including smoke alarms, fire sprinklers, and carbon monoxide alarms.
Local Regulations (Inferred from Other Municipalities)
Permit Requirements
- Operating Permits: Likely requirement for an operating permit, similar to other cities like Nashville, Knoxville, and Chattanooga.
- Owner-Occupied: Permits for properties that are the primary residence of the owner.
- Non-Owner Occupied: Permits for properties that are not the primary residence of the owner, possibly with restrictions on zoning districts.
Zoning Restrictions
- Zoning Districts: Properties in certain residential zones (e.g., R-1, R-2) may be subject to restrictions or prohibitions on short-term rentals, while others (e.g., R-3, R-4) may not.
Health and Safety
- Annual Inspections: Potential requirement for annual safety inspections to ensure compliance with health and safety standards.
- Safety Items: Inspections may cover items such as fire extinguishers, smoke alarms, escape routes, carbon monoxide detectors, electrical safety, and stair handrails.
Other Requirements
- Business License: Requirement to obtain a business license and comply with local tax regulations.
- Neighborhood Notification: Notification of neighboring properties about the short-term rental operation.
- Maximum Occupancy: Restrictions on the maximum number of occupants, possibly based on the number of bedrooms.
Compliance and Enforcement
- Compliance with Local Laws: Short-term rentals must comply with general local laws, and violations may result in fines or other penalties.
- Administrative Hearings: Cases of rule violations may go before an administrative hearing officer, who can levy fines.
Additional Considerations
- Homeowners Associations: Homeowners associations, condominiums, and co-ops can impose their own restrictions or prohibitions on short-term rentals if specified in their governing documents.
Given the lack of specific details for Crossville, it is advisable to consult local authorities or a property lawyer for precise and up-to-date regulations.
Top Neighborhoods Generating Airbnb Revenue in Crossville, Tennessee
1. Fairfield Glade
- Appeal: Fairfield Glade is a highly sought-after area due to its serene community setting, wooded views, and abundant amenities. Properties like "The Glade Escape!" and "Gem in the heart of Fairfield Glade" offer modern amenities, fully equipped kitchens, and comfortable living spaces, making them ideal for both relaxation and adventure.
- Features: Many rentals in this area include open-concept layouts, king-size beds, en-suite baths, and access to community facilities such as pools and golf courses.
2. Smithville
- Appeal: Smithville attracts guests with its scenic views and luxurious amenities. The "Villa in Smithville" (Hilltop Retreat) is a prime example, offering a hot tub, billiards, and stunning views, making it a top choice for those seeking a high-end getaway.
- Features: Properties often include large living areas, modern appliances, and recreational facilities.
3. Crossville City Center
- Appeal: The city center of Crossville is appealing due to its proximity to local attractions, restaurants, and shops. Rentals like the "Gorgeous Farmhouse Getaway" provide a blend of rural charm and urban convenience.
- Features: These properties often include spacious interiors, fully equipped kitchens, and easy access to local amenities.
4. Ten Mile
- Appeal: Ten Mile is popular for its natural beauty and outdoor recreational opportunities. The "Stunning Lodge near the lake" offers a camp-like setting with a short stroll to Watts Bar Lake, making it perfect for nature lovers and those seeking a relaxing getaway.
- Features: Properties in this area typically include large kitchens, smart TVs, and outdoor amenities like camp grills and picnic tables.
5. Kingston and Surrounding Areas
- Appeal: Kingston and its surrounding areas are attractive due to their peaceful environment and easy access to nearby state parks and recreational areas. Rentals such as the "Serenity Cottage" provide a cozy, lakeside retreat ideal for relaxation and rejuvenation.
- Features: These properties often feature renovated interiors, fully furnished spaces, and scenic lake views.
These neighborhoods are highly appealing to guests due to their combination of natural beauty, modern amenities, and convenient access to local attractions and recreational activities.
Creating an Inviting Airbnb in Crossville, Tennessee: Design and Furnishing Tips
Entry and First Impressions
- Design the entryway to make a welcoming first impression. Include a unique welcome sign or a small gift, such as a local wine or treats, to make guests feel special.
- Frame the WiFi password and other essential information and place it in an easily accessible location.
Living Room and Gathering Spaces
- Ensure the living room is designed to facilitate conversation and comfort. Use lighting control with lamps and dimmer switches, and provide soft, clean blankets and pillows with various fill options.
- Include occasional tables for each guest to place drinks and other items. Consider adding a pouf or swivel chairs to enhance the seating arrangement.
Bedroom Comfort
- Offer high-quality bedding and provide extra layers in the closet for guest convenience. Use different pillow fill options (e.g., foam, down alternative) to cater to various preferences.
- Install bedside tables and lamps for each guest, including features like USB ports or wireless charging. Ensure blackout shades are available to enhance sleep quality.
Local Touches
- Incorporate unique, vintage local art and decor to differentiate your Airbnb from others. Avoid cookie-cutter designs and opt for items that reflect the local culture and beauty of Crossville, Tennessee.
- Provide local discounts and goodies, such as partnerships with local bakeries or shops, to enhance the guest experience.
Outdoor Spaces
- Utilize outdoor areas by adding comfortable furniture, lighting, and unique features like BBQ grills, fire pits (if allowed by local regulations), and outdoor games such as horseshoe or bocci courts.
- Consider adding a hot tub, as it can significantly increase revenue and guest satisfaction.
Workspace and Amenities
- Include a workspace for remote workers, as this has become a popular amenity in vacation rentals.
- Provide basic amenities like coffee, tea, toiletries, towels, and an ironing board to ensure guests have everything they need.
Maximize Occupancy and Comfort
- Ensure that the dining and living areas can comfortably accommodate the listed occupancy. This is crucial for family gatherings and group vacations.
Statement Elements and Unique Features
- Add a feature or statement element to each room to make your Airbnb stand out in photos and provide a memorable experience for guests. This could include bold design choices, local textures, or unique decor items.
By following these tips, you can create an inviting and unique Airbnb in Crossville, Tennessee, that reflects the city's style and enhances the guest experience.
Discover Crossville, Tennessee: Local Attractions and Insider Tips
Outdoor Adventures
- Cumberland Mountain State Park:
- Explore over 1,720 acres of hiking trails, picnic spots, and abundant wildlife.
Don't miss the panoramic views from the 50-foot stone tower at the park's Bear Trace golf course.
Obed River Park:
- Enjoy a 3-mile paved trail perfect for walking, jogging, or biking along the Obed River.
Keep an eye out for local wildlife such as deer, herons, and foxes.
Ozone Falls State Natural Area:
- Visit the 43-foot Ozone Falls, a stunning waterfall in a scenic natural area.
- Ideal for hiking and nature photography.
Cultural and Historical Landmarks
- Homesteads Tower Museum:
- Learn about the history of the Cumberland Homestead community during the Great Depression.
Climb the 50-foot stone tower for panoramic views, especially during late afternoon for the best light.
Military Memorial Museum:
Explore uniforms, photographs, and artifacts from various wars, including items from Camp Crossville, a German prisoner of war camp during World War II.
Native Stone Museum:
- Discover the history of Crab Orchard Stone, a local building material used in many of Crossville's buildings.
Entertainment and Arts
- Cumberland County Playhouse:
- Catch a Broadway-worthy performance at one of rural America's largest professional theaters.
Offers a variety of productions, classes, and concerts throughout the year.
The Historic Palace Theatre:
- Enjoy live music, including jazz, blues, country, bluegrass, and rock.
- A historic venue that also serves as a theater, performance venue, and meeting hall.
Family Fun
- Chuckles Family Fun Center:
- Engage in activities like laser tag, putt-putt golf, go-kart racing, and an arcade.
Perfect for families looking for a fun-filled day.
Plateau Lanes and Skate City:
- Enjoy bowling at Plateau Lanes, which includes a full-service restaurant and arcade.
- Have a family-friendly roller skating experience at Skate City.
Wineries and Local Flavors
- Stonehaus and Chestnut Hill Wineries:
- Visit Stonehaus Winery for a guided tour and taste wines ranging from dry cabernet sauvignon to fruity muscadine.
- Explore Chestnut Hill Winery, one of the state’s largest wineries, offering a wide selection of wines.
Insider Tips
Best Light for Photography: Visit the Homesteads Tower Museum in the late afternoon for the best light to capture stunning views from the tower.
Hidden Gems: At the Crossville Model Railroad Club, look closely for hidden "Easter eggs" in the model town displays.
Annual Events: Don’t miss the Highway 127 Corridor Sale, the world's largest yard sale, held annually in August.
Golfing: Crossville is known as the "Golf Capital of Tennessee" with 12 golf courses, including the Bear Trace at Cumberland Mountain State Park, a Jack Nicklaus-designed course.
By sharing these attractions and tips, you can help your guests make the most of their visit to Crossville, Tennessee.
Practical Tips to Run a Successful Short Term Rental Business in Crossville, Tennessee
To ensure a smooth and enjoyable experience for both you and your guests in Crossville, Tennessee, several practical tips can be implemented:
Noise Regulations and Quiet Hours
Inform your guests about quiet hours through clear communication in your listing and a welcome message. Include specific quiet hours (e.g., 10 PM to 8 AM) to maintain a peaceful environment for both your guests and neighboring residents.
Creating a Comprehensive House Manual
Develop both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline house rules, including noise regulations, to avoid any misunderstandings.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with a unique access code and detailed instructions on how to enter the property. This not only enhances convenience but also reduces the likelihood of lost keys.
Parking Instructions with Photos
Ensure that parking instructions are clear and accompanied by photos to help guests navigate the property easily. This includes identifying designated parking spots, any parking restrictions, and how to access the property from the parking area. Clear parking instructions can prevent confusion and potential issues with neighbors.
By implementing these tips, you can enhance the guest experience, reduce potential conflicts, and maintain a positive reputation for your short term rental business in Crossville, Tennessee.
Here is a brief list of house cleaning providers in Crossville, Tennessee:
House Cleaning Services in Crossville, TN
Crossville Cleaning Services
- Offers full deep cleans and janitorial services.
MaidPro
- Customizes services to meet your needs and budget, using a 49-Point Checklist™.
Various Providers Listed on Care.com
- Includes 11 affordable house cleaning options with rates starting at $20.20/hr.
Top Rated House Cleaners on Angi
- A list of top-rated house cleaners in Crossville, TN, with real reviews and ratings.
For repair or maintenance services, the provided sources do not include specific providers, but you may find them through local directories or other service review websites.
Crossville, Tennessee: Understanding Short-Term Rental Management Fees
In Crossville, Tennessee, managing short-term rentals involves a range of fees that can vary significantly based on the level of service provided. Typically, management fees for short-term rentals range from 10% to 30% of the rental revenue. Full-service management companies, which handle comprehensive tasks such as guest communication, marketing, and maintenance, usually charge fees on the higher end of this spectrum, often between 20% to 30% of the rental income.
In contrast, basic or half-service management options, which may only cover essential tasks like booking management and leave other responsibilities to the property owner, can start as low as 10% to 15% of the revenue. Additionally, property owners may incur extra fees for services such as cleaning, repairs, and design, which can be billed separately or included in the overall management fee structure. Choosing the right management level and understanding these fees are crucial for maximizing rental income and ensuring a smooth operational experience.