Millington, TN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Millington short-term rental market based on reliable data.
Listings
28 / 78
Reliable / Active
Cap Rate
11%
Middle-Earners Gross Yield
Revenue
$26,461
Middle-Earners Revenue
Occupancy
60%
Middle-Earners Occupancy
Home Value
$231,694
Median Home Sale Price
Top Earners
$41,184
Top-Earners Revenue
Millington
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Millington.
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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.
Local STR Agent
STR specialist · Millington, TN
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.