Pigeon Forge, TN—37863
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Pigeon Forge, TN
Home Price Trends — Pigeon Forge, TN
As of Oct '25, the median home price in Pigeon Forge, TN is $410,000, with a year-over-year change of -9.4%. This indicates that home prices in Pigeon Forge, TN are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $410,000 | -9.4% |
| Single Family | $420,000 | -10.3% |
| Condos | $352,000 | -4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $356,000 | -7.5% |
2 Bed | $418,000 | -9.1% |
3 Bed | $472,000 | -10.4% |
4 Bed | $721,000 | -9.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pigeon Forge, TN
As of July '25, Rentcast reports the average rent in Pigeon Forge, TN is $1,880, with a year-over-year rent change of -20.0%. Per bedroom, the median rent as of July '25 in Pigeon Forge, TN is studios: $1,400, 1-bedrooms: $1,410, 2-bedrooms: $1,920, 3-bedrooms: $2,200, 4-bedrooms: $2,900. The most common rental property sizes in Pigeon Forge, TN are 3-bedroom and 2-bedroom, accounting for 47.0% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,880 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $1,280 | $1,410 |
| 2 Bed Rent | $1,800 | $1,920 |
| 3 Bed Rent | $2,000 | $2,200 |
| 4 Bed Rent | $2,900 | $2,900 |
% of Rental Stock
Property Listings — Pigeon Forge, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Pigeon Forge, TN is 103. This is a increase of 7.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $585,000 | -20.0% |
Listing Count | 248 | 12.0% |
| Listings as % of Homes | 2.2% | 12.0% |
Days on Market | 103 | 7.0% |
Demographics — Pigeon Forge, TN
As of the latest ACS Survey released in 2023, Pigeon Forge, TN has a population of 6,470, which has decreased by -6.3% over the past 5 years. Pigeon Forge, TN is a popular place for families, as children make up 28.5% of the population. The area has a poorly educated workforce, with 12.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,470 | -6.3% |
% Under 18 | 28.5% | 56.6% |
% Seniors | 16.0% | -24.9% |
% WFH | 4.4% | 10.0% |
% w/ College Degree | 12.4% | -20.0% |
As of the latest ACS Survey released in 2023, Pigeon Forge, TN is a predominantly white area, with 66.7% of the population identifying as white. The white population has shrunk by 15.5% in the last 5 years. The second most common race or ethnicity in Pigeon Forge, TN is hispanic, making up 22.7% of the population. Foreign-born residents account for 17.1% of the population in Pigeon Forge, TN, and this percentage has increased by 14.8% 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 | 66.7% | -15.5% |
% Black | 2.0% | 300.0% |
% Hispanic | 22.7% | 51.3% |
% Asian | 1.6% | ∞% |
% Foreign Born | 17.1% | 14.8% |
Mortgage and Risk — Pigeon Forge, TN
According to HUD data as of 2023, there were 258 mortgage originations in Pigeon Forge, TN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Pigeon Forge, TN. Investor activity is high, as 35.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 258 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 35.0% |
% Second Loans | 44.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Pigeon Forge, TN
Pigeon Forge, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 103 |
Total Units Section 8 | 1 |
% 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 | -$420 | $1,280 | $860 |
| 2 Bedroom | -$770 | $1,800 | $1,030 |
| 3 Bedroom | -$650 | $2,000 | $1,350 |
| 4 Bedroom | -$1,530 | $2,900 | $1,370 |
Affordability — Pigeon Forge, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9 |
| Median Home Price | $410,000 |
| Median Household Income | $53,600 |