Single-family Foreclosures in Pigeon Forge, TN 37876

Current Market Conditions in Pigeon Forge, TN

The real estate market in Pigeon Forge is currently experiencing upward trends, with a steady demand for both vacation rentals and permanent residences. The popularity of the area as a tourist destination drives interest in property investment, particularly among those looking to capitalize on short-term rental opportunities. Homes in the area often maintain their value, making it a favorable location for real estate investment.

Due to the ongoing economic recovery post-pandemic, home values in Pigeon Forge have seen a significant increase, with many properties selling above listing price. The availability of new construction homes has also boosted market activity, attracting investors and families alike.

Rent Prices In Pigeon Forge, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pigeon Forge, TN, is on a rollercoaster ride. The average rent price in Pigeon Forge, TN, is $1,318.00. Indeed, when looking to rent in Pigeon Forge, TN, you can expect to pay as little as $430.00 or as much as $3,020.00, with the average rent median estimated to be $1,310.00. The good news is that finding an affordable and desirable property to rent in Pigeon Forge, 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.