The Smoky Mountain region in Tennessee is a popular destination for both vacation rentals and permanent residency, offering a unique blend of natural beauty, outdoor recreation, and vibrant local culture. As the real estate market in this area continues to evolve, it’s essential for investors and homebuyers to stay informed about the latest trends and opportunities.
Current Trends and Prices
Gatlinburg
The median sale price of a home in Gatlinburg is $578,000, up 47.4% since last year. The median sale price per square foot is $423, with homes selling after an average of 106 days on the market. Gatlinburg is known for its natural beauty, rich culture, and numerous attractions like the Gatlinburg SkyBridge and Ober Gatlinburg Ski Resort, making it a highly desirable location for real estate investment.
Sevierville
Real estate in Sevierville ranges from historic homes to modern cabins, offering a quieter lifestyle in the Smoky Mountains. Sevierville is home to a variety of historical attractions and shopping options, making it an attractive option for those seeking a more relaxed pace of life.
Pigeon Forge
Pigeon Forge is known for its family-friendly attractions, and the real estate in this area consists mainly of cabins and vacation homes, making it a popular location for real estate investment. The median sale price of a home in Pigeon Forge is $425,000, with a median sale price per square foot of $280.
Is Now a Good Time to Invest?
Yes, the Smoky Mountains are a popular tourist destination, attracting millions of visitors each year. Investing in cabins for sale in Gatlinburg and Pigeon Forge can provide a second line of income through rentals. Additionally, investment properties in the Smoky Mountains have lower interest rates, making it a more attractive option for investors.
Most Popular Areas to Buy a Property
Gatlinburg
Gatlinburg is a popular destination for its natural beauty, rich culture, and numerous attractions like the Gatlinburg SkyBridge and Ober Gatlinburg Ski Resort.
Pigeon Forge
Pigeon Forge is known for its family-friendly attractions like Dollywood and the Titanic Museum Attraction, making it a popular location for real estate investment.
Sevierville
Sevierville offers a quieter lifestyle with historical attractions and shopping options, making it an attractive option for those seeking a more relaxed pace of life.
Additional Insights
Migration Trends
Across the nation, 0.64% of homebuyers searched to move into Gatlinburg from outside metros, with Los Angeles, Chicago, and Atlanta being the top sources.
Climate Impact
Natural hazards and environmental risks like floods, fires, wind, and heat can impact homes in Gatlinburg, and it’s essential for homebuyers and investors to consider these factors when making a purchase.
Real Estate Resources
TN Smoky Mtn Realty
TN Smoky Mtn Realty offers a variety of resources for those looking for real estate in the Smoky Mountain area, including property alerts and home valuations.
Zillow
Zillow provides detailed listings and sales history for properties in the Smoky Mountain National Park area, making it a valuable resource for homebuyers and investors.
Contact Information
- TN Smoky Mtn Realty: (865) 280-2569
- Billy Phillips (Gateway Loan): (865) 282-4940, (865) 924-8378