Is Pigeon Forge, TN a good place to invest in rental property?

Pigeon Forge, TN has a median modeled monthly cash flow of $-2,058 and a median cap rate of 1.7%, on a median sold price of $450,000. Prices changed +2.0% year over year.

What is the average cap rate in Pigeon Forge, TN?

The median cap rate across recently sold homes in Pigeon Forge, TN is 1.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Pigeon Forge, TN?

The median sold price in Pigeon Forge, TN is $450,000 (about $350 per square foot).

Investing in Pigeon Forge, TN Real Estate

A data-driven snapshot of the Pigeon Forge, TN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$450,000Median sold price

$350Median $/sqft

1.7%Median cap rate

$-2,058Modeled cash flow / mo

+2.0%Appreciation YoY

24.7Months of supply

697Active listings

338Sold (last 12 mo)

What the Pigeon Forge numbers say

In Pigeon Forge, TN, the median home sold for $450,000 (about $350 per square foot), and the typical deal models out to a 1.7% cap rate with a median $-2,058 of monthly cash flow. Sold prices moved +2.0% over the past year. Inventory sits at about 24.7 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Tennessee markets to compare

See Pigeon Forge cash-flowing listings

CashFlowRE ranks every for-sale home in Pigeon Forge, TN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Pigeon Forge deals, or browse the national market data.