Foreclosure Homes in Gatlinburg, TN

Current Market Conditions in Gatlinburg, TN

In Gatlinburg, the real estate market remains robust, thanks to the area's continuing popularity as a vacation destination and its proximity to the Great Smoky Mountains National Park. Recent months have shown a steady increase in home values as demand for short-term rentals rises, fueled by tourism. The market is characterized by a mix of vacation homes and permanent residences, creating a vibrant community atmosphere.

Potential buyers can expect fierce competition, particularly for properties close to tourist attractions and viewed as investment opportunities for rental income.

Rent Prices In Gatlinburg, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gatlinburg, TN, is on a rollercoaster ride. The average rent price in Gatlinburg, TN, is $1,311.00. Indeed, when looking to rent in Gatlinburg, TN, you can expect to pay as little as $450.00 or as much as $3,020.00, with the average rent median estimated to be $1,300.00. The good news is that finding an affordable and desirable property to rent in Gatlinburg, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.