Pigeon Forge, TN—37862
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 Nov '25, the median home price in Pigeon Forge, TN is $434,000, with a year-over-year change of -8.2%. This indicates that home prices in Pigeon Forge, TN are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $434,000 | -8.2% |
| Single Family | $448,000 | -8.0% |
| Condos | $344,000 | -3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $402,000 | -9.5% |
2 Bed | $448,000 | -9.1% |
3 Bed | $480,000 | -6.6% |
4 Bed | $754,000 | -8.9% |
| 5 Bed | $1,233,199 | -10.3% |
% of Housing Stock
Rental Trends — Pigeon Forge, TN
As of July '25, Rentcast reports the average rent in Pigeon Forge, TN is $2,060, with a year-over-year rent change of -4.6%. Per bedroom, the median rent as of July '25 in Pigeon Forge, TN is 1-bedrooms: $1,600, 2-bedrooms: $1,530, 3-bedrooms: $2,700, 4-bedrooms: $2,980. The most common rental property sizes in Pigeon Forge, TN are 2-bedroom and 3-bedroom, accounting for 52.8% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,940 | $2,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $1,500 | $1,530 |
| 3 Bed Rent | $2,600 | $2,700 |
| 4 Bed Rent | $2,670 | $2,980 |
% of Rental Stock
Property Listings — Pigeon Forge, TN
As of Nov '25, Realtor.com reports that the median days on market for a home in Pigeon Forge, TN is 92. This is a increase of 14.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $740,000 | -6.0% |
Listing Count | 650 | 13.0% |
| Listings as % of Homes | 2.2% | 13.0% |
Days on Market | 92 | 14.0% |
Demographics — Pigeon Forge, TN
As of the latest ACS Survey released in 2023, Pigeon Forge, TN has a population of 21,700, which has decreased by -7.3% over the past 5 years. Pigeon Forge, TN is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 22.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,700 | -7.3% |
% Under 18 | 19.1% | -10.3% |
% Seniors | 23.3% | 12.6% |
% WFH | 3.7% | -43.9% |
% w/ College Degree | 22.6% | 36.1% |
As of the latest ACS Survey released in 2023, Pigeon Forge, TN is a predominantly white area, with 75.4% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Pigeon Forge, TN is hispanic, making up 20.9% of the population. Foreign-born residents account for 14.5% of the population in Pigeon Forge, TN, and this percentage has increased by 76.8% 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 | 75.4% | -11.3% |
% Black | 0.6% | 50.0% |
% Hispanic | 20.9% | 85.0% |
% Asian | 1.6% | -15.8% |
% Foreign Born | 14.5% | 76.8% |
Mortgage and Risk — Pigeon Forge, TN
According to HUD data as of 2023, there were 489 mortgage originations in Pigeon Forge, TN, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Pigeon Forge, TN. Investor activity is high, as 24.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 489 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 24.0% |
% Second Loans | 26.0% |
% Cash Out Refinance | 13.0% |
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 | 379 |
Total Units Section 8 | 151 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 79.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$670 | $1,600 | $930 |
| 2 Bedroom | -$380 | $1,500 | $1,120 |
| 3 Bedroom | -$1,130 | $2,600 | $1,470 |
| 4 Bedroom | -$1,190 | $2,670 | $1,480 |
Affordability — Pigeon Forge, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.4 |
| Median Home Price | $434,000 |
| Median Household Income | $58,100 |