Foreclosure Homes in Pigeon Forge, TN

Current Market Conditions in Pigeon Forge, TN

The real estate market in Pigeon Forge has been experiencing significant growth in recent years, reflecting the area's popularity as a tourist destination. Home prices have steadily increased, driven by demand for vacation rentals and second homes. The unique blend of natural beauty and entertainment options continues to attract buyers seeking properties that can provide both a personal retreat and income potential through short-term rentals.

As of late 2023, Pigeon Forge’s housing inventory remains relatively low, resulting in a competitive market. Properties that are well-maintained and located near attractions tend to sell quickly, often at or above asking price. This trend is expected to continue as the area gains further recognition, making it a prime location for real estate investment.

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.