Pigeon Forge, TN housing market
The typical Pigeon Forge home is worth about $425,000, down 1.9% in a year, 27% above the Tennessee typical home. Homes typically sell in 69 days, below asking.
Home values, sales, trends and how Pigeon Forge compares with the towns next door — updated as new data is published.
Pigeon Forge at a glance
A buyer's market
More homes are for sale than are selling — about 12 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | Pigeon Forge | Tennessee |
|---|---|---|
| 2017 | $195,000 | $174,000 |
| 2018 | $217,000 | $187,000 |
| 2019 | $240,000 | $198,000 |
| 2020 | $275,000 | $215,000 |
| 2021 | $330,000 | $238,000 |
| 2022 | $456,000 | $287,000 |
| 2023 | $506,000 | $313,000 |
| 2024 | $486,000 | $326,000 |
| 2025 | $464,000 | $334,000 |
| 2026 | $428,000 | $333,000 |
| August 2026 | $425,000 | $334,000 |
29 new homes permitted in 2025
Builders were permitted 29 new homes in Pigeon Forge in 2025: 9 single-family houses and 20 in buildings with two or more homes, worth about $6.6 million to build. That's 4.5 per 1,000 residents, slower than across Tennessee (7.8). Over the past 10 years, Pigeon Forge has permitted 841 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Pigeon Forge gained 468 residents while 327 new homes were permitted: about 1.4 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. 18% of Pigeon Forge's homes are seasonal or vacation homes, which adds housing without adding residents. Across Tennessee: 2 new residents per new home.
How Pigeon Forge ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 43 | 6 | 37 | $6.8 million |
| 2025 | 29 | 9 | 20 | $6.6 million |
| 2024 | 180 | 7 | 173 | $23.9 million |
| 2023 | 136 | 6 | 130 | $20 million |
| 2022 | 191 | 10 | 181 | $34.7 million |
| 2021 | 6 | 0 | 6 | $340,000 |
| 2020 | 13 | 13 | 0 | $1.2 million |
| 2019 | 101 | 7 | 94 | $6.9 million |
| 2018 | 37 | 1 | 36 | $3 million |
| 2017 | 137 | 7 | 130 | $10.2 million |
| 2016 | 11 | 7 | 4 | $980,000 |
| 2015 | 11 | 11 | 0 | $2.2 million |
| 2014 | 12 | 6 | 6 | $802,000 |
| 2013 | 5 | 1 | 4 | $216,000 |
| 2012 | 7 | 4 | 3 | $660,000 |
| 2011 | 6 | 3 | 3 | $535,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 2 | 2 | 0 | $502,000 |
| 2008 | 23 | 11 | 12 | $1.9 million |
| 2007 | 34 | 11 | 23 | $3.7 million |
| 2006 | 62 | 22 | 40 | $11 million |
| 2005 | 46 | 46 | 0 | $6 million |
| 2004 | 53 | 53 | 0 | $4.9 million |
| 2003 | 43 | 43 | 0 | $3.9 million |
| 2002 | 58 | 50 | 8 | $4.7 million |
| 2001 | 43 | 43 | 0 | $3.4 million |
| 2000 | 32 | 14 | 18 | $3.5 million |
How Pigeon Forge ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Pigeon Forge and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Pigeon Forge | $425K | −1.9% | $1,060 | 29 | $53,261 |
| Sevierville | $421K | −0.1% | $1,140 | 121 | $52,421 |
8 years of income
The typical Pigeon Forge home costs about 8 years of the town's median household income, more than across Tennessee (4.8 years).
How Pigeon Forge ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,060
HUD's Fair Market Rent for a two-bedroom in Pigeon Forge is $1,060 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Pigeon Forge pay a median of $1,053. A two-bedroom takes about 24% of the town's median household income.
Studio $810 · 4 bedrooms $1,410
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (37862, 37863; Sevier County, TN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.