Real Estate in Pigeon forge, TN
Updated 2026 • Housing market data from 2 zip codes • Redfin data through January 2026
📊 Pigeon forge, TN Market Activity
The Pigeon forge housing market shows a median sale price of $303,500, -17.0% lower than last year. The price per square foot is $207, below the national median of ~$215/sqft, down -2.0% year-over-year. Homes in Pigeon forge spend a median of 70 days on market, longer than the national median of 42 days — giving buyers more negotiation room.
🏘️ Pigeon forge Rental Market
The average rent in Pigeon forge, TN is $3,298 per month. A 2-bedroom apartment rents for approximately $3,482/month, while a 3-bedroom home averages $3,100/month.
📦 Pigeon forge Housing Supply & Demand
There are 125 new listings and 178 active properties on the market.
🏆 Pigeon forge Market Competitiveness
Homes in Pigeon forge sell for an average of 89.0% of their asking price. About 9% of properties sell above list price, indicating relatively low bidding pressure.
On average, homes sell for 89.0% of the asking price
9% of sales closed above asking, % at or below
📋 Housing Overview
Pigeon forge, TN Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 525000, the balance between renting (52%) and owning (48%), and a population of 6215 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $525,000 and average rents of $3,298/month, the median household income of $53,380 provides context for affordability in Pigeon forge. Whether you're looking to buy property in Pigeon forge or invest in Pigeon forge real estate, understanding the price-to-rent ratio helps determine if renting or owning makes more financial sense for your situation. A 2-bedroom apartment rents for approximately $3,482/month, while a 3-bedroom house averages $3,100/month.
Economy & What Drives Pigeon forge Real Estate
Real estate values in Pigeon forge, TN are driven by local employment, school quality, and quality of life. The cost of living index of 121.9 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $53,380, residents have moderate purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across Pigeon forge neighborhoods.
Pros & Cons
Pros
- •Strong tourism industry jobs
- •Beautiful natural scenery
- •Friendly community atmosphere
- •Pleasant weather year-round
- •Affordability of living costs
- •Low overall crime rate
- •Plenty of outdoor activities
- •Vibrant nightlife options
- •Family-friendly attractions
- •Diverse dining options available
Cons
- •Limited public transportation options
- •Occasional racial tension issues
- •Higher cost in tourist areas
- •Less cultural diversity
- •Lower average wage scale
- •Limited job market diversity
- •Seasonal job market fluctuations
- •High tourist congestion season
- •Limited healthcare facilities
- •Schools have mixed performance
Frequently Asked Questions
What is the cost of living in Pigeon forge, TN? ▼
The cost of living in Pigeon forge, TN is 22% higher than the national average, with a cost of living index of 122 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Pigeon forge, TN? ▼
In Pigeon forge, TN, The median home price is $525,000. requiring approximately $155,357 annual income to afford. Average rent is $3,298/month (requiring ~$131,933/year income). The local median household income is $53,380, making homeownership challenging for typical residents. Explore Pigeon forge real estate data →
Is Pigeon forge, TN a safe place to live? ▼
Pigeon forge, TN is an area where crime rates exceed the national average. The crime rate is 48.6 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Pigeon forge crime statistics →
What salary do you need to live comfortably in Pigeon forge, TN? ▼
To live comfortably in Pigeon forge, TN and afford a median-priced home of $525,000, you would typically need a household income of $131,250 to $164,062 per year. The local median household income is $53,380. Renting requires approximately $131,933/year (at $3,298/month). See full affordability analysis →
Is Pigeon forge, TN growing? ▼
Pigeon forge, TN has a population of 6,215. As a smaller community, population trends depend on local housing development, job growth, and quality of life factors. The higher cost housing market and competitive job market shape migration patterns. See Pigeon forge population demographics →
What are the best neighborhoods in Pigeon forge, TN? ▼
The best neighborhoods in Pigeon forge, TN depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods farther from the city center tend to offer more affordable options. Explore Pigeon forge on our interactive map →
What is the commute like in Pigeon forge, TN? ▼
Commute times in Pigeon forge, TN vary by neighborhood and workplace location. As a smaller community, residents typically drive, as public transit is limited. The moderate cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Pigeon forge, TN? ▼
Tax rates in Pigeon forge, TN include state and local components. The cost of living index of 122 indicates a higher cost environment compared to the national average. View detailed Pigeon forge tax information →
How does Pigeon forge, TN compare to nearby cities? ▼
Pigeon forge, TN offers comparable costs to nearby communities. With a cost of living index of 122, median home prices of $525,000, and a crime rate of 48.59 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Pigeon forge, TN? ▼
Weather in Pigeon forge, TN varies by season. Climate data varies by season. View detailed Pigeon forge climate & environment data →
Is it better to rent or buy in Pigeon forge, TN? ▼
With a median home price of $525,000 and average rents of $3,298/month, the price-to-rent ratio in Pigeon forge is 13.3x. This favors buying, as monthly mortgage payments may be comparable to or lower than rent. See full cost analysis →
What is the price per square foot in Pigeon forge, TN? ▼
The median price per square foot in Pigeon forge is $207, which is 4% below the national median of ~$215/sqft. This reflects the area's demand, construction costs, and proximity to employment centers.
How fast do homes sell in Pigeon forge, TN? ▼
Homes in Pigeon forge spend a median of 70 days on market before going under contract. This indicates homes take longer than the national median of 42 days, giving buyers more negotiating room. View full market data →
Explore More About Pigeon forge, TN
📅 Last Updated: January 2026
Sources: U.S. Census Bureau, Zillow, Redfin