Sevierville, Tennessee, is experiencing robust short-term rental performance, with a median occupancy rate of 63%, an average daily rate of $232, and an average annual host income of $48,000, indicating a highly stable and profitable market for investors.
Thriving Short-Term Rental Market in Sevierville, Tennessee
Sevierville, Tennessee, is experiencing a robust and profitable short-term rental market, making it an attractive destination for investors and hosts. With a median occupancy rate of 63%, Sevierville's short-term rentals are in high demand, indicating a healthy and stable market. The average daily rate for these rentals stands at $232, contributing to an average annual revenue of $48,000 per listing. This strong performance is further bolstered by lenient local regulations, which have not strictly enforced licensing requirements, allowing for greater flexibility for hosts. The peak month of July and the overall high occupancy rates suggest a promising outlook for short-term rental investments in Sevierville, making it an ideal location for those looking to capitalize on the tourism-driven economy.
Short-Term Rental Regulations in Sevier County, Tennessee for 2024
General Requirements
- Applicability: The regulations apply to all short-term rental units in Sevier County outside of city limits.
Permit and Inspection
- Permit Requirement: All short-term rental units must obtain an annual permit.
- Inspection Program: The Short-Term Rental Unit Inspection Program requires a yearly inspection by the Sevier County Fire Marshal’s office.
- Inspection Items: Inspections cover fire safety, smoke alarms, carbon monoxide detectors, escape routes, electrical safety, and structural soundness of the building.
Application Process
- Deadline: The application deadline has been extended to June 30, 2024.
- Application Submission: Applications must be submitted online through the Sevier County website or by mail to Sevier County Fire Prevention.
- Application Fee: $250 for properties with 12 or fewer occupants, plus an additional $25 per person for properties accommodating 13 or more occupants.
Compliance and Penalties
- Compliance: Properties must meet the 2016 TN Building Code. Failure to comply may result in fines, prohibition from renting, and the need to upgrade the property to meet current codes.
- Penalties for Non-Compliance: Includes potential fines, loss of grandfathered exemption to current building codes, and prohibition from renting until compliance is achieved.
Inspection and Permit Issuance
- Inspection Conduct: Inspections will be conducted by Sevier County Fire & Rescue fire inspectors.
- Re-Inspection: If a unit fails the inspection, the owner must correct the issues and schedule a re-inspection. Additional inspections beyond the third will incur a $25 fee each.
- Permit Issuance: Permits will be issued following the annual inspection.
Additional Requirements
- Liability Insurance: Maintain liability insurance of at least $500,000 unless provided by the marketplace.
- Business License: Hold a valid city and county business license.
- Taxes: Collect and remit room/hotel occupancy tax and pay sales taxes.
- Zoning and Safety: Comply with zoning laws, provide appropriate parking spaces, and ensure the presence of safety equipment.
Contact Information
- Questions and Support: Contact Sevier County at (865) 774-3603 or email firecodequestions@seviercountytn.org for questions about the program or application process.
High-Revenue Neighborhoods for Airbnb in Sevierville, Tennessee
1. Cherokee Hills
- Annual Revenue: $38,508
- Occupancy Rate: 70%
- Average Daily Rate: $248
- Appeal: Cherokee Hills is attractive due to its central location, making it easy for guests to access various attractions and amenities in Sevierville. The high occupancy rate and revenue indicate strong demand, likely driven by its proximity to tourist spots like the Great Smoky Mountains National Park and Dollywood.
2. Sevierville City Centre
- Annual Revenue: $48,769
- Occupancy Rate: 64%
- Average Daily Rate: $200
- Appeal: The city centre is a hub for dining, entertainment, and shopping, including the Tanger Outlets Sevierville. Guests are drawn to the convenience and variety of activities available in this area. The presence of several family-friendly attractions and scenic mountain views adds to its appeal.
General Attractive Features Across Neighborhoods
Tourist Attractions
- Neighborhoods near popular attractions like Dollywood, the Great Smoky Mountains National Park, and the Titanic Museum Attraction tend to generate higher revenue due to their proximity to these sites.
Outdoor Activities
- Areas that offer easy access to outdoor activities such as hiking, fishing, and kayaking in the Great Smoky Mountains are highly appealing to outdoor enthusiasts.
Family-Friendly Amenities
- Neighborhoods with properties featuring amenities like game rooms, hot tubs, and mountain views are particularly attractive to families and couples looking for a comfortable and entertaining stay.
Scenic Views and Cozy Amenities
- Properties with fireplaces, private hot tubs, and stunning mountain views are in high demand, especially during the colder months and peak tourist seasons.
These neighborhoods and their associated amenities make Sevierville an attractive destination for a wide range of guests, from families and couples to outdoor enthusiasts and history buffs.
Tips for Furnishing and Designing an Inviting Airbnb in Sevierville, Tennessee
Understand Local Preferences and Amenities
- Mountain Views and Scenic Settings: Ensure the property highlights stunning views of the Great Smoky Mountains. Use large windows, decks, and patios to maximize the scenic views.
Essential Amenities
- Private Hot Tubs or Pools: These are highly sought-after amenities, especially for relaxation after a day of outdoor activities.
- Fireplaces and Fire Pits: Add a cozy touch, particularly during the colder months. Fireplaces and fire pits create a warm and inviting atmosphere.
- Game Rooms and Entertainment: Include features like pool tables, foosball, arcade games, or home theaters to cater to families and entertainment seekers.
Outdoor Living Spaces
- Decks, Patios, and Balconies: Provide comfortable seating, dining spaces, and grills to allow guests to enjoy the fresh mountain air and picturesque surroundings.
Interior Design and Furnishing
- Rustic Charm with Modern Convenience: Blend farmhouse-style elements with modern touches. Use warm color palettes, reclaimed wood furniture, and comfortable seating areas to create a cozy and homey environment.
- Fully Equipped Kitchens: Ensure the kitchen is modern and fully equipped with appliances, cookware, and utensils to allow guests to cook meals comfortably.
Technology and Connectivity
- High-Speed Internet and Entertainment Systems: Provide high-speed Wi-Fi and access to streaming services like Netflix or Hulu to meet guests' expectations for connectivity and entertainment.
Pet-Friendly Considerations
- Pet-Friendly Amenities: Since Sevierville is a pet-friendly destination, consider adding amenities that cater to guests with pets, such as pet beds or pet-friendly outdoor spaces.
Attention to Detail
- Comfortable Furnishings: Use stylish bedding, comfortable seating, and unique art pieces to enhance the overall atmosphere of the rental.
- Local Craftsmanship: Incorporate local craftsmanship in decor to create a personalized and authentic experience for guests.
Compliance with Local Regulations
- Adhere to Sevierville's Short-Term Rental Regulations: Ensure compliance with occupancy limits, parking requirements, noise restrictions, and building codes to avoid any legal issues.
Practical Tips to Run a Successful Short Term Rental Business in Sevierville, Tennessee
To ensure a smooth and enjoyable experience for both you and your guests in Sevierville, Tennessee, here are some practical tips to consider:
Noise Regulations and Quiet Hours
Inform your guests about noise regulations and quiet hours to maintain a peaceful environment for neighboring properties. Include this information in your listing description, house manual, and welcome message to set clear expectations.
Digital and Physical House Manual
Create a comprehensive digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important details about the property. This manual should cover everything from appliance usage to emergency contact numbers, ensuring your guests have all the information they need at their fingertips.
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 or digital key, and include step-by-step instructions on how to enter the property. This not only enhances convenience but also reduces the likelihood of lost keys.
Parking Instructions with Photos
To avoid confusion and ensure a smooth arrival, provide detailed parking instructions accompanied by photos. This is particularly important in areas where parking can be limited or complex. Clear instructions will help your guests find the correct parking spots quickly and avoid any potential issues.
By implementing these tips, you can enhance the guest experience, reduce potential issues, and maintain a positive reputation for your short-term rental business in Sevierville, Tennessee.
Here is a brief list of house cleaning, repair, and maintenance providers in Sevierville, Tennessee:
House Cleaning and Maintenance Providers in Sevierville, TN
Mountaineer Cleaning & Maintenance
- Offers cleaning, laundry, maintenance, landscaping, and hot tub services for rental cabins in the Smoky Mountain area, including Sevierville.
Black Bear Cleaning Services
- Provides high-quality cabin cleaning services, including hot-tub cleans, deep cleans, construction cleans, laundry services, and maintenance.
Various House Cleaning Services Listed on Care.com
- A list of 12 affordable house cleaning options in Sevierville, TN, with rates starting at $17.12/hr.
Top-Rated House Cleaners on Angi
- A list of the top 10 best house cleaners in Sevierville, TN, based on real reviews and ratings.
Airbnb Cleaners on Turno
- Vacation rental and Airbnb cleaning services in Sevierville, TN, with features like auto-scheduling, digital checklists, and photo documentation.
Short-Term Rental Management Fees in Sevierville, Tennessee
In Sevierville, Tennessee, short-term rental management fees can vary widely, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, which handle guest communication, marketing, and maintenance, tend to charge fees at the higher end of this spectrum. For example, companies like GoSummer and Kaizen Rentals may charge around 20% of the rental revenue for comprehensive services, excluding cleaning fees which are often charged separately.
Basic service packages, which may include fewer amenities and less hands-on management, can be more affordable but still incur additional fees for services such as cleaning, repairs, or design. These extra fees can add to the overall cost, but they help ensure the property is well-maintained and guest-ready. Understanding these fee structures is crucial for property owners to manage their expectations and optimize their rental income in the vibrant tourism market of Sevierville.