Millington, TN

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Millington short-term rental market based on reliable data.

Listings

32 / 79

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$26,490

Middle-Earners Revenue

Occupancy

65%

Middle-Earners Occupancy

Home Value

$234,282

Median Home Sale Price

Top Earners

$47,169

Top-Earners Revenue

Millington

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Millington.

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D

Unfriendly to Investors

Millington Regulations

Millington's STR environment is prohibitive for new investors due to a citywide ban on new operations, with only existing STRs meeting strict grandfathering criteria (documented operation/tax remittance for at least 6 months in the prior year) permitted. This creates a de facto barrier to entry, rendering new investment nearly impossible.

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About Millington

Millington is a city in Shelby County, Tennessee, United States, and is a part of the Memphis metropolitan area. As of the 2010 census, it had a population of 10,176. Millington was granted the title "Flag City Tennessee" by the Tennessee State Legislature. The Naval Support Activity Mid-South is located at the former Memphis Naval Air Station, whose function was changed in 1993 from a training base to an administrative one. There is also a general aviation airport that features the third longest runway in Tennessee.

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