Pigeon Forge, TN

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  • Performance
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Key Performance Metrics

Market snapshot

Performance indicators for the Pigeon Forge short-term rental market based on reliable data.

Listings

13575 / 22805

Reliable / Active

Cap Rate

15%

Middle-Earners Gross Yield

Revenue

$60,172

Middle-Earners Revenue

Occupancy

63%

Middle-Earners Occupancy

Home Value

$413,541

Median Home Sale Price

Top Earners

$127,111

Top-Earners Revenue

Pigeon Forge

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Pigeon Forge.

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C

Challenging to Investors

Pigeon Forge Regulations

Pigeon Forge permits STRs but significantly restricts them to commercial/mixed‑use zones and only allows legacy R‑1 properties, imposing a $300 permit, annual inspections (county $250+) and safety standards. Occupancy caps (max 12 persons, 2 guests/bed), licensing/registration, and multi‑layer taxes (9.75% total) add cost/compliance. The tone is supportive for tourism, but zoning limits and enforcement‑driven rules make new investor entry challenging.

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About Pigeon Forge

Pigeon Forge, Tennessee, is a small city located in the southeastern United States, renowned for its vibrant tourism industry. As of the 2020 census, its population stands at approximately 6,000 residents. The city is situated about 33 miles southeast of Knoxville, the nearest major city, making it easily accessible for both short-term and long-distance visitors.

Pigeon Forge is best known for being a gateway to the Great Smoky Mountains National Park, which is one of the most visited national parks in the United States. The city's appeal as a destination for short-term rentals is bolstered by a plethora of attractions, making it a hotspot for tourists seeking a mix of natural beauty and entertainment.

Key landmarks include Dollywood, a renowned theme park operated by country music legend Dolly Parton (Dollywood), offering a variety of rides, shows, and festivals year-round. Another significant attraction is The Island in Pigeon Forge, a family-friendly entertainment complex featuring the Great Smoky Mountain Wheel (The Island), a 200-foot-tall observation wheel providing panoramic views of the city and surrounding mountains.

Moreover, Pigeon Forge is home to the Titanic Museum Attraction (Titanic Museum), a half-scale replica of the original ship designed to offer an immersive educational experience about the historic voyage. For outdoor enthusiasts, the nearby Great Smoky Mountains National Park (Great Smoky Mountains National Park) provides an array of activities such as hiking, wildlife viewing, and scenic drives.

Overall, Pigeon Forge's combination of natural splendor, entertainment, and accessibility makes it an attractive locale for short-term rentals, catering to a diverse range of visitors from families and nature lovers to thrill-seekers and history buffs.

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