Gatlinburg / Pigeon Forge, TN: Airbnb investment properties for sale
Gatlinburg and Pigeon Forge sit in eastern Tennessee at the edge of Great Smoky Mountains National Park. Most short-term rentals here are cabins and condos in the surrounding hills and in town. This page scores the current listings in the area as short-term rentals.
Gatlinburg / Pigeon Forge by the numbers
- Listings in the feed
- 102
- Median list price
- $609,450
- Median est. annual revenue
- $55,332
- Median cash-on-cash
- -6.1%
- With positive monthly cash flow
- 19%
- Median year-1 write-off est.
- $139,120
Medians across the current scored listings. Assumes 25% down, a 30-year mortgage · Rate 7.78% = 7.03% Freddie Mac 30-yr avg (Sep 24) + 0.75% investor premium. Revenue and tax figures are estimates, not a forecast and not tax advice.
Gatlinburg / Pigeon Forge market
Short-term rental performance, last 12 months
Avg annual revenue
$67,690
▼ 0.3% YoYOccupancy
56.6%
▼ 1.4% YoYAvg daily rate
$353
▲ 1.1% YoYRevPAR
$203.46
▼ 0.3% YoYActive listings
23,927
Market data · as of Sep 26, 2026 · through Aug 2026
Short-term rental rules in Gatlinburg / Pigeon Forge
STR allowed in most of Sevier County; inside Gatlinburg city limits only in overnight-rental zones.
Rules change and vary by city and zone; verify with the local jurisdiction before you buy.
Today's Gatlinburg / Pigeon Forge deals
See all Gatlinburg / Pigeon Forge deals in the feed →
1131 Tanrac Trl
Gatlinburg, TN · Listed 4d ago
$399,999
3 bd · 2.5 ba · 5,800 sqft
Est. revenue
$69,639
Occupancy
64%
Cash-on-cash
12.6%
ROE (yr 1)
23.4%
Cash flow /mo
$1,424
Cap rate
10.7%
Yr-1 tax shield
$33.1K
413 Baskins Creek Rd Apt 501
Gatlinburg, TN · Listed 7d ago
$349,500
3 bd · 3 ba · 1,028 sqft
Est. revenue
$54,709
Occupancy
64%
Cash-on-cash
4.3%
ROE (yr 1)
14.9%
Cash flow /mo
$438
Cap rate
8.0%
Yr-1 tax shield
$20.7K
1105 Silver Poplar Ln
Sevierville, TN · Listed 1d ago
$349,900
2 bd · 2 ba · 1,192 sqft
Est. revenue
$51,782
Occupancy
62%
Cash-on-cash
6.3%
ROE (yr 1)
17.2%
Cash flow /mo
$615
Cap rate
8.6%
Yr-1 tax shield
$28.2K
728 Schneider Ln
Sevierville, TN · Listed 7d ago
$350,000
3 bd · 2 ba · 2,454 sqft
Est. revenue
$52,305
Occupancy
58%
Cash-on-cash
6.8%
ROE (yr 1)
17.3%
Cash flow /mo
$682
Cap rate
8.8%
Yr-1 tax shield
$25.1K
1448 William Holt Blvd
Sevierville, TN · Listed 7d ago
$259,900
2 bd · 2.5 ba · 1,200 sqft
Est. revenue
$38,393
Occupancy
75%
Cash-on-cash
2.6%
ROE (yr 1)
13.0%
Cash flow /mo
$199
Cap rate
7.4%
Yr-1 tax shield
$15.4K
2106 Vly Crk Way
Pigeon Forge, TN · Listed 7d ago
$975,000
4 bd · 4.5 ba · 2,586 sqft
Est. revenue
$107,567
Occupancy
80%
Cash-on-cash
0.2%
ROE (yr 1)
11.6%
Cash flow /mo
$42
Cap rate
6.5%
Yr-1 tax shield
$71.5K
2022 Center Rd
Pigeon Forge, TN · Listed 7d ago
$324,950
3 bd · 1 ba · 1,488 sqft
Est. revenue
$38,102
Occupancy
51%
Cash-on-cash
-0.2%
ROE (yr 1)
9.7%
Cash flow /mo
-$19
Cap rate
6.4%
Yr-1 tax shield
$33K
714 Old Ridge Rd
Gatlinburg, TN · Listed 3d ago
$849,000
4 bd · 4.5 ba · 2,376 sqft
Est. revenue
$92,845
Occupancy
66%
Cash-on-cash
-0.3%
ROE (yr 1)
11.0%
Cash flow /mo
-$59
Cap rate
6.4%
Yr-1 tax shield
$59K
2864 Pine Haven Dr
Sevierville, TN · Listed 6d ago
$475,000
2 bd · 2 ba · 1,148 sqft
Est. revenue
$57,843
Occupancy
65%
Cash-on-cash
1.6%
ROE (yr 1)
12.5%
Cash flow /mo
$213
Cap rate
7.0%
Yr-1 tax shield
$42.5K
1455 Honey Oaks Way
Sevierville, TN · Listed 5d ago
$495,000
2 bd · 2.5 ba · 1,625 sqft
Est. revenue
$53,875
Occupancy
72%
Cash-on-cash
-1.3%
ROE (yr 1)
9.7%
Cash flow /mo
-$175
Cap rate
6.0%
Yr-1 tax shield
$35.1K
2944 McMahan Sawmill Rd
Sevierville, TN · Listed 6d ago
$489,500
3 bd · 2 ba · 1,152 sqft
Est. revenue
$63,841
Occupancy
58%
Cash-on-cash
4.0%
ROE (yr 1)
15.0%
Cash flow /mo
$532
Cap rate
7.8%
Yr-1 tax shield
$44.5K
4224 Chamberlain Ln
Sevierville, TN · Listed 7d ago
$569,900
2 bd · 2 ba · 1,536 sqft
Est. revenue
$58,282
Occupancy
65%
Cash-on-cash
-2.4%
ROE (yr 1)
8.7%
Cash flow /mo
-$373
Cap rate
5.7%
Yr-1 tax shield
$43.7K
4541 Shangrila Way
Sevierville, TN · Listed 5d ago
$1,089,990
4 bd · 4.5 ba · 3,255 sqft
Est. revenue
$107,762
Occupancy
64%
Cash-on-cash
-2.6%
ROE (yr 1)
8.9%
Cash flow /mo
-$752
Cap rate
5.6%
Yr-1 tax shield
$68.3K
3012 Cloudburst Dr
Sevierville, TN · Listed 4d ago
$1,075,000
3 bd · 4.5 ba · 3,209 sqft
Est. revenue
$102,406
Occupancy
71%
Cash-on-cash
-3.2%
ROE (yr 1)
8.4%
Cash flow /mo
-$904
Cap rate
5.5%
Yr-1 tax shield
$97.5K
759 Ridgefield Dr
Sevierville, TN · Listed 6d ago
$369,000
3 bd · 2 ba · 1,716 sqft
Est. revenue
$53,613
Occupancy
58%
Cash-on-cash
4.9%
ROE (yr 1)
15.1%
Cash flow /mo
$544
Cap rate
8.2%
Yr-1 tax shield
$38.5K
737 Chickasaw Gap Way
Pigeon Forge, TN · Listed 5d ago
$874,900
5 bd · 5 ba · 2,392 sqft
Est. revenue
$82,540
Occupancy
51%
Cash-on-cash
-4.0%
ROE (yr 1)
7.2%
Cash flow /mo
-$956
Cap rate
5.2%
Yr-1 tax shield
$60.2K
770 Park Vista Way
Gatlinburg, TN · Listed 3d ago
$1,099,000
5 bd · 4.5 ba · 2,784 sqft
Est. revenue
$106,955
Occupancy
57%
Cash-on-cash
-3.9%
ROE (yr 1)
7.6%
Cash flow /mo
-$1,136
Cap rate
5.2%
Yr-1 tax shield
$67.6K
3303 Kestrel Way
Pigeon Forge, TN · Listed 6d ago
$850,000
5 bd · 5 ba · 2,984 sqft
Est. revenue
$90,287
Occupancy
52%
Cash-on-cash
-1.6%
ROE (yr 1)
9.5%
Cash flow /mo
-$377
Cap rate
5.9%
Yr-1 tax shield
$50.9K
2295 Bluff Mountain Rd
Sevierville, TN · Listed 7d ago
$485,000
3 bd · 2 ba · 1,803 sqft
Est. revenue
$61,252
Occupancy
67%
Cash-on-cash
2.7%
ROE (yr 1)
15.3%
Cash flow /mo
$316
Cap rate
7.2%
Yr-1 tax shield
$29.9K
929 Buck Way
Sevierville, TN · Listed 7d ago
$399,900
2 bd · 2 ba · 1,536 sqft
Est. revenue
$41,081
Occupancy
62%
Cash-on-cash
-4.0%
ROE (yr 1)
6.6%
Cash flow /mo
-$460
Cap rate
5.1%
Yr-1 tax shield
$34.9K
1533 Honey Bee Cove Way
Pigeon Forge, TN · Listed 3d ago
$400,000
3 bd · 2 ba · 1,568 sqft
Est. revenue
$57,881
Occupancy
58%
Cash-on-cash
7.0%
ROE (yr 1)
19.6%
Cash flow /mo
$677
Cap rate
8.5%
Yr-1 tax shield
$26.5K
2308 Whipoorwill Hill Way
Sevierville, TN · Listed 5d ago
$520,000
2 bd · 3 ba · 1,716 sqft
Est. revenue
$64,623
Occupancy
70%
Cash-on-cash
2.2%
ROE (yr 1)
13.2%
Cash flow /mo
$320
Cap rate
7.2%
Yr-1 tax shield
$39.4K
2404 Balsam Cir
Sevierville, TN · Listed 4d ago
$525,000
2 bd · 2 ba · 1,680 sqft
Est. revenue
$48,656
Occupancy
64%
Cash-on-cash
-5.1%
ROE (yr 1)
6.3%
Cash flow /mo
-$716
Cap rate
4.8%
Yr-1 tax shield
$37.6K
630 Sunrise Cir
Sevierville, TN · Listed 1d ago
$325,000
2 bd · 2 ba · 1,025 sqft
Est. revenue
$37,720
Occupancy
55%
Cash-on-cash
-2.0%
ROE (yr 1)
8.8%
Cash flow /mo
-$179
Cap rate
5.8%
Yr-1 tax shield
$29.3K
Showing 24 of 102 deals
Gatlinburg / Pigeon Forge Airbnb investing: common questions
How much does an Airbnb make in Gatlinburg / Pigeon Forge?
Short-term rental market data puts average annual revenue per rental in Gatlinburg / Pigeon Forge at about $67,690 over the last 12 months, with about 57% occupancy and an average daily rate near $353. Your property will differ with size, location, amenities and how you manage it. Treat this as an estimate, not a forecast.
Do Airbnbs cash flow in Gatlinburg / Pigeon Forge?
Some do, many don't. At today's mortgage rates and 25% down, about 19% of the 102 listings we score in Gatlinburg / Pigeon Forge show positive monthly cash flow, and the median cash-on-cash return is -6.1%. Higher rates make many properties negative once the mortgage, taxes, insurance and operating costs come out, so check each one.
Are short-term rentals allowed in Gatlinburg / Pigeon Forge?
STR allowed in most of Sevier County; inside Gatlinburg city limits only in overnight-rental zones. Rules change and vary by city and zone; verify with the local jurisdiction before you buy.
What year-1 tax write-off could a Gatlinburg / Pigeon Forge STR have?
Across the 102 listings we score in Gatlinburg / Pigeon Forge, the median year-1 depreciation write-off estimate is about $139,120. It assumes a typical cost segregation classification and 100% bonus depreciation, and whether you can use it depends on your tax situation. It is an estimate, not a cost segregation study and not tax advice; talk to a CPA.
Tools
- Free property analyzer for any address
- Compare STR Yield with other short-term rental tools
- Cost segregation calculator