Tennessee is home to some of the most stunning cities and towns in the US, and Pigeon Forge is near the top of that list. This mountain city is a popular vacation destination, and it is easy to see why. It has a lot to offer prospective homeowners, giving them plenty of reasons to move into this charming place.
Here are 10 reasons why you should consider buying Pigeon Forge homes for sale and settling in this popular destination.
1. Affordable Pigeon Forge Real Estate Prices
Pigeon Forge real estate is known to be much more affordable than other areas in the Southeast. In a March 2023 report on realtor.com, the median home price in this city was $655,000, with a median sold home price of $505,000. That is much lower than the median sold home price in larger cities and towns across the US.
Also, these numbers entail that there will be more room for negotiation when it comes to the price of a property. You will be able to purchase your dream home without breaking the bank. With the right financing solution, a Pigeon Forge home can be yours in no time.
You can get a huge bang for your buck with real estate investments here, making it an appealing choice for renters and buyers alike.
2. Wide Variety of Properties on the Market
One of the best things about buying a home in this city is that there are many different types of properties on the market. When you check out Pigeon Forge homes for sale with the Short Term Shop, for example, you will find that the listings are quite diverse. Whether you are looking for a cozy cabin, a waterfront property near Douglas Lake, a spacious luxury estate, a mountain retreat perched on rolling hillsides, or an affordable condo, this city has it all.
You will also be able to pick from various architectural styles ranging from classic colonial homes to modern contemporary abodes.
The variety means that you have plenty of options to choose from, and you can easily find what fits your budget and lifestyle.
3. Low Cost of Living
Living in Pigeon Forge does not have to be expensive. In fact, the cost of living in this city is much lower than in other popular destinations in the country.
The housing market here is not the only thing that is reasonably priced—utilities, transportation, and food are all quite affordable as well. You do not have to worry about breaking the bank regarding everyday expenses. This allows you to enjoy a higher quality of life without having to pay exorbitant prices for it.
Moreover, the low-income tax makes it a great place to call home if you are looking for financial peace of mind. All in all, Pigeon Forge is an ideal choice if you want to keep your expenses low with minimal compromise on the quality of life.
4. Friendly Community Atmosphere
When you move to a new place, it is important that you find a welcoming environment and kind neighbors. Thankfully, Pigeon Forge neighborhoods have all the qualities that will make you feel right at home!
The city’s churches offer countless opportunities for you to get involved with the locals and build meaningful relationships. Meanwhile, attending local events, such as music festivals, craft fairs, and farmers’ markets, is an excellent way to meet new people and explore the area.
In addition, Pigeon Forge has several volunteer organizations that are always looking for more help in their programs. Joining one of these groups is a great way to not only lend your time and skills but also get to know your fellow residents better.
5. One-of-a-Kind Mountain Living Experience
There are other mountain towns in Tennessee, but there is just something about Pigeon Forge that sets it apart. From its lush forests and rolling hills to towering mountains and sparkling lakes, no other place can offer the same unique mountain living experience as this city. The breathtaking views alone are enough of a reason to move here, but there is more than meets the eye.
Hence, if you want to take advantage of all the opportunities this place has to offer, while also enjoying the laid-back atmosphere of suburban life, then this is the perfect place for you!
6. Abundance of Outdoor Activities and Attractions
Pigeon Forge is abound of magnificent natural wonders, so you can enjoy the great outdoors whenever you want.
The most popular attraction in the region would be the Great Smoky Mountains National Park, a UNESCO World Heritage Site that is home to diverse wildlife and stunning scenery. Here, you can go hiking or cycling along one of its many trails, take a leisurely stroll on one of its boardwalks, or even try your hand at fly fishing.
But it does not end there—the city also boasts numerous other wonderful attractions where nature lovers can get their fill. These include Pigeon River Gorge (a part of the Cherokee National Forest), Douglas Lake (offers plenty of activities for the whole family), and the Island in Pigeon Forge (offers families a range of fun rides and activities). Finally, there are also outdoor sporting options, such as skiing, snowboarding, kayaking, canoeing, and more.
Whether you prefer to take things slow or go full-throttle with your adventures, this city has something for you.
7. Proximity to the Great Smoky Mountains
The Smokies is one of the most popular vacation spots in the entire country, and it is right next to Pigeon Forge. You can experience all the beauty that this mountain range has to offer without having to travel far from home.
What is more—you also get access to some of the best attractions in the Smokies, such as Dollywood Theme Park, Clingmans Dome, and Ripley’s Aquarium of the Smokies.
When you buy Smoky Mountains homes for sale, you will have these hotspots at your fingertips and will never run out of exciting activities for the whole family to enjoy.
8. Vacation Rental Income Potential
With all the attractions it has, and being a gateway to the Great Smoky Mountains, it goes without saying that this mountain city is a hot market for those who want to invest in short-term vacation rentals.
By buying vacation homes in Pigeon Forge and renting them out when you are not using them, you can easily generate a healthy income stream for yourself. The rental market in this area is especially strong due to its close proximity to major attractions, so you can expect a high return on your investment.
But unlike buying a primary residence, there are special considerations that you need to make when investing in vacation rentals.
For one, you need to check the income potential of a certain property. Determine its potential cash flow and if it is in an area with high demand. Also, it would be best if you considered the property’s maintenance costs and the local tax regulations.
You can assess its income potential by also calculating the capitalization rate (cap rate), which you can calculate by dividing the property’s net income by its purchase price. Take note—a good cap rate would be 8% to 12% for vacation rentals.
Another aspect that you need to look into when investing in vacation rentals is the amenities the property has to offer. For instance, a property with a hot tub, entertainment room, and laundry facility will be more attractive to potential guests, thus increasing its demand.
Finally, you should also research the local ordinances and regulations regarding vacation rentals before investing. Make sure to understand how many nights you are permitted to rent out your property and what types of renters you can accept.
Remember to do your research and gather some tips for investing in rental properties, so you can maximize your income potential in Pigeon Forge.
9. Good Schools and Education
If you have school-age children, you will also be happy to know that Pigeon Forge is home to some of the best schools in Tennessee. The Sevier County School District serves the area, offering access to quality public education for pre-K through 12th grade.
The top schools here are the Pigeon Forge Middle School, Pigeon Forge Intermediate School, and Pigeon Forge High School, all of which are highly rated based on performance data from the State Department of Education.
As for private schools, this city is not far away from such institutions as the Christian Academy of the Smokies, St. Andrew’s School, and Alpha Educational Learning Center.
So, if you are concerned about the education of your children once you move in, do not be. With its great public and private schools, you can rest assured that your kids will be provided with the best education possible.
10. Rich Cultural Heritage
Finally, Pigeon Forge is known for its rich and diverse cultural heritage. From the annual Dollywood Harvest Festival in October to the numerous music shows and events, there is always something going on in this mountain city.
The city also has a wealth of museums, galleries, and cultural centers that will keep you entertained year-round. Plus, with its excellent dining options and nightlife scene, it is easy to find entertainment here too.
In other words, if you are looking for an area where culture abounds and life never gets boring, then Pigeon Forge is the place to be.
With all the good things that you will experience in this beautiful place, it is no wonder why many people want to live here. From its beautiful scenery to its strong rental market and rich cultural heritage, it has something for everyone.
So, if you are ready to invest in a piece of paradise, now is the perfect time to start searching for Pigeon Forge homes for sale!
Buying a Home in Pigeon Forge: Quick Tips
While Pigeon Forge is a good place to buy a home in itself, you should still do your due diligence to ensure you are buying the perfect property for your needs. Here are some tips for you to get started.
- Buy in the Best Locations – Look for properties located in desirable neighborhoods with good prospects for appreciation.
- Hire a Local Real Estate Agent – An experienced agent would be able to give you expert advice on what types of properties and neighborhoods are best suited for your needs.
- Do Not Skimp on Property Inspection – Scheduling viewings is an important step in the home-buying process, as it helps you identify potential problems that may need to be fixed.
- Get Pre-approved for a Mortgage – This will give you more bargaining power when dealing with sellers.
- Buy at the Right Times of the Year – Try to purchase at times when the market is slower, as this could help you get a better deal.
- Compare Prices – Take the time to compare prices of properties in different neighborhoods and make sure you are getting a fair price for your new home.
- Do Not Hesitate to Negotiate – There is always room for negotiation in the home-buying market. Be prepared to make counteroffers or ask questions about terms and conditions.
With the right pieces of information, buying a home in Pigeon Forge will be a breeze. Just remember to be patient and do your research, and you will soon find the property of your dreams!
Enjoy Living in Pigeon Forge!
Making the decision to buy a home can be an exciting yet daunting experience. However, with Pigeon Forge as your choice destination for relocating, you will have all the exciting opportunities to enjoy living in this mountain city.
Take the time to explore all that this magnificent place has to offer, and you will soon discover why it is regarded as one of the best cities in Tennessee.
All you need to do now is start your search for Pigeon Forge homes for sale and get ready to start the next chapter of your life.