Real Estate Investing in Pigeon Forge, Tennessee

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

2 ZIP codes • Population: 28,188 • Sevier County

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Should you buy in Pigeon Forge, TN? Our answer, based on the numbers below.

🏠 For Homebuyers
WEAK FIT
Grade F (38/100)

Multiple negative signals. Better options likely exist nearby.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 41.1% of homes vacant — above national norms.

What’s happening in Pigeon Forge, TN?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.3% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $437,807
Avg Monthly Rent $1,650
ZIP Codes 2

Investing in Pigeon Forge Real Estate

Pigeon Forge (Tennessee) spans 2 ZIPs and roughly a sizable population. decisively the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

Pigeon Forge is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. firmly out-of-state investors should be especially careful with the assumptions they carry in.

The $1,650/mo / $438K relationship in Pigeon Forge looks lackluster once vacancy and capex are incorporated into underwriting. seems to the realized yield tends to disappoint.

A an established population with $N/AK household income profile is what makes Pigeon Forge a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Pigeon Forge, TN. Anonymous, moderated, never written by AI.

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Avg Home Value
$437,807
Avg Monthly Rent
$1,650
1% Rule
✗ Below
Landlord Friendly (TN)

📉 Market Crash Risk Index

Based on Sevierville, TN metro

4/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
73%
Days Pending
2/2
95 days

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❄️ Cool Market — Sevierville, TN metro
95
Days to pending
10.1%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Pigeon Forge, TN

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Filter Pigeon Forge’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Pigeon Forge, TN

How strong are rents in Pigeon Forge, TN?

Expect rents around $1,650/mo per month in Pigeon Forge, TN. With home values at $438K, the yield math works out to reasonable levels for rental investors.

How strong is the working-renter base in Pigeon Forge, TN?

Pigeon Forge, TN offers a consistent renter base at the $1,650/mo rent level. Tenant turnover is reasonable for well-managed properties.

Is real estate in Pigeon Forge, TN a good investment right now?

Our data puts Pigeon Forge, TN at 3.0/5 for investability. Home prices of $438K and rents around $1,650/mo create a solid backdrop for investor activity.

Are there empty rentals in Pigeon Forge, TN?

Vacancy risk in Pigeon Forge, TN is elevated. That supports consistent cash flow for typical rental holds.

Does a duplex house hack pencil in Pigeon Forge, TN?

House hacking works a challenging in Pigeon Forge, TN. Rents of $1,650/mo against $438K acquisition make the strategy solid for owner-occupants.

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