Southeast4.0% avg cap rateLive · 493 active listings

Gatlinburg, TN

Great Smoky Mountains gateway - year-round demand

Gatlinburg sits at the entrance to Great Smoky Mountains National Park - the most-visited national park in the US with 12M+ annual visitors. Unlike beach markets, Gatlinburg runs nearly year-round: peak summer hiking, fall foliage, winter ski/holiday, and spring wildflower season. Cabin inventory dominates and strong occupancy metrics translate to exceptional cap rates.

4.0%
Avg Cap Rate
Net operating income / price
37%
Avg Occupancy
Annual average
$256
Avg Nightly Rate
All property types
$782K
Avg List Price
STR-viable properties

1 active listing in Gatlinburg currently rate Strong Buy

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Estimated Annual Performance

Gross rental revenue
37% occ × $256/night
$34,479
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
- $13,792
Est. net operating income
Before mortgage & depreciation
$20,687
At $782K avg price
Implied cap rate
2.6%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Gatlinburg

12M+ visitors to Smoky Mountains NP annually
True year-round demand - no hard off-season
Cabin supply drives unique inventory with hot tubs and game rooms
Strong domestic drive-to market - recession resilient
Peak season: Year-round (peaks: Oct foliage, Dec holidays)
Top property types: Cabin, Chalet, Condo
Primary zip: 37738, 37862, 37863

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.Stats sourced from 493 active listings · last updated Jul 18, 2026

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