Southeast5.5% avg cap rateLive · 41 active listings

Pigeon Forge, TN

Smoky Mountain gateway - cabins and family demand

Pigeon Forge sits just outside Great Smoky Mountains National Park, offering the perfect mix of family attractions (Dollywood, Titanic Museum) and mountain cabin escapes. The STR market here is dominated by large cabin inventory with hot tubs, game rooms, and mountain views. Year-round demand patterns mirror Gatlinburg, with some of the highest occupancy rates in the Southeast.

5.5%
Avg Cap Rate
Net operating income / price
46%
Avg Occupancy
Annual average
$298
Avg Nightly Rate
All property types
$808K
Avg List Price
STR-viable properties

41 active listings in Pigeon Forge are analyzed and ranked right now

Scored 1-10 against real Airbnb comps. See which properties rank highest and why.

See the ranked listings

Estimated Annual Performance

Gross rental revenue
46% occ × $298/night
$50,252
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
- $20,101
Est. net operating income
Before mortgage & depreciation
$30,151
At $808K avg price
Implied cap rate
3.7%

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

Why Investors Choose Pigeon Forge

Dollywood draws 3M+ visitors annually
Cabin with hot tub earns 30-50% more than comparable home
Year-round demand - winter holiday and spring break strong
Lower entry prices than Gatlinburg with comparable returns
Peak season: Year-round (Oct foliage, Dec holidays, summer)
Top property types: Cabin, Chalet, Log Home
Primary zip: 37863, 37862, 37764

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 41 active listings · last updated Jul 17, 2026

Run a live analysis in Pigeon Forge

Search active MLS listings in Pigeon Forge and instantly see cap rates, cash flow projections, and STR comp-backed nightly rates - all in one underwriting report.