Market Overview
Home Prices in Pigeon Forge, TN
The median home value in Pigeon Forge, TN is $424,506 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.3% compared to a year ago and down 8.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pigeon Forge are priced4% above average. Pigeon Forge is part of the Sevierville, TN metro area.
Over the past five years, Pigeon Forge home values have risen by approximately9.9%, reflecting steady appreciation in this market.
Price History
Pigeon Forge Home Price Trend
City Comparison
Pigeon Forge vs. National Median
At $424,506, homes in Pigeon Forge cost 4% above the national median of $410,000. Buyers in Pigeon Forge should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Pigeon Forge?
20% Down Payment
$84,901
on $424,506
Monthly P&I
$2,214/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,812/mo
incl. taxes & insurance
Income Needed
$112,480
gross annual (30% rule)
10% Down Option
$42,451
+ PMI applies
Loan Amount (20% dn)
$339,605
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Pigeon Forge, TN?
The median home value in Pigeon Forge is $424,506 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.3% year-over-year.
How much have home prices changed in Pigeon Forge?
Over the past year, home values in Pigeon Forge have decreased by 3.3%. Over five years, prices have risen approximately 9.9%.
How much do I need to earn to buy a home in Pigeon Forge?
To comfortably afford the median home price of $424,506 with a 20% down payment ($84,901) at today's rates (6.8%), you'd need a gross annual income of approximately $112,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Pigeon Forge compare to the national average home price?
The national median home value is approximately $410,000. At $424,506, homes in Pigeon Forge are 4% above the national average.
What metro area is Pigeon Forge part of?
Pigeon Forge is part of the Sevierville, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.