Gatlinburg, TN—37738
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gatlinburg, TN
As of Oct '25, the median home price in Gatlinburg, TN is $405,000, with a year-over-year change of -11.3%. This indicates that home prices in Gatlinburg, TN are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $405,000 | -11.3% |
| Single Family | $422,000 | -11.3% |
| Condos | $285,000 | -9.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $361,000 | -8.8% |
2 Bed | $446,000 | -9.7% |
3 Bed | $609,000 | -9.8% |
4 Bed | $808,000 | -9.2% |
| 5 Bed | $1,126,000 | -10.3% |
% of Housing Stock
Rental Trends — Gatlinburg, TN
As of July '25, Rentcast reports the average rent in Gatlinburg, TN is $2,470, with a year-over-year rent change of -9.2%. Per bedroom, the median rent as of July '25 in Gatlinburg, TN is 1-bedrooms: $1,800, 2-bedrooms: $2,040, 3-bedrooms: $3,730, 4-bedrooms: $2,400. The most common rental property sizes in Gatlinburg, TN are 2-bedroom and 1-bedroom, accounting for 35.2% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,800 |
| 2 Bed Rent | $1,900 | $2,040 |
| 3 Bed Rent | $3,000 | $3,730 |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Gatlinburg, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Gatlinburg, TN is 111. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $625,000 | -15.0% |
Listing Count | 489 | 22.0% |
| Listings as % of Homes | 2.7% | 22.0% |
Days on Market | 111 | 2.0% |
Demographics — Gatlinburg, TN
As of the latest ACS Survey released in 2023, Gatlinburg, TN has a population of 5,270, which has decreased by -5.1% over the past 5 years. Gatlinburg, TN is a popular place for families, as children make up 25.4% of the population. The area has a moderately educated workforce, with 30.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,270 | -5.1% |
% Under 18 | 25.4% | 41.1% |
% Seniors | 20.9% | -17.4% |
% WFH | 8.2% | 134.3% |
% w/ College Degree | 30.9% | 31.5% |
As of the latest ACS Survey released in 2023, Gatlinburg, TN is a predominantly white area, with 80.5% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Gatlinburg, TN is hispanic, making up 12.1% of the population. Foreign-born residents account for 11.9% of the population in Gatlinburg, TN, and this percentage has increased by 14.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.5% | -8.1% |
% Black | 3.8% | 660.0% |
% Hispanic | 12.1% | 55.1% |
% Asian | 2.7% | 8.0% |
% Foreign Born | 11.9% | 14.4% |
Mortgage and Risk — Gatlinburg, TN
According to HUD data as of 2023, there were 224 mortgage originations in Gatlinburg, TN, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Gatlinburg, TN. Investor activity is high, as 40.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 224 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 40.0% |
% Second Loans | 38.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Gatlinburg, TN
Gatlinburg, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$800 | $1,800 | $1,000 |
| 2 Bedroom | -$700 | $1,900 | $1,200 |
| 3 Bedroom | -$1,430 | $3,000 | $1,570 |
| 4 Bedroom | -$810 | $2,400 | $1,590 |
Affordability — Gatlinburg, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.2 |
| Median Home Price | $405,000 |
| Median Household Income | $63,100 |