Total monthly cost of ownership
Cost to Own a Home in Pigeon Forge, Tennessee
A $259,000 home here costs
$2,030per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $87,000 a year.
A standard mortgage calculator would have told you $1,412. The real number is $618 higher every month, 44% more than the payment most buyers budget for.
Compare Sevier County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Pigeon Forge against Sevier County and Tennessee
| Measure | Pigeon Forge | Sevier County |
|---|---|---|
| Median home value | $258,700 | $259,500 |
| Median property tax | $837 | $815 |
| Effective tax rate | 0.324% | 0.314% |
| Median gross rent | $953 | $1,013 |
| Population | 6,345 | 98,802 |
The weather behind that power bill
Pigeon Forge sits in Sevier County, which averages a high of 82.9°F in its hottest month and a low of 26.6°F in its coldest, with 58.2" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 789 cooling and 4,284 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Sevier County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sevier County
Full Sevier County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Pigeon Forge averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Pigeon Forge every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Pigeon Forge I already own here and may sell
Common questions
How much does it cost to own a home in Pigeon Forge?
A $259,000 home in Pigeon Forge, Tennessee costs approximately $2,030 per month with 20% down at 7.24%. That is $1,412 principal and interest, $70 property tax, $109 homeowners insurance, $223 utilities and $216 set aside for maintenance.
What is the property tax rate in Pigeon Forge?
Pigeon Forge has an effective property tax rate of 0.324%, based on a median home value of $258,700 and median real estate taxes of $837. That is higher than the Sevier County average of 0.314%.
What is the average home price in Pigeon Forge?
The median owner-occupied home value in Pigeon Forge, Tennessee is $258,700, against $259,500 across Sevier County.
Is it cheaper to rent or buy in Pigeon Forge?
Median gross rent in Pigeon Forge is $953 a month, against $2,030 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Pigeon Forge?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Pigeon Forge, Tennessee at today's rate takes a household income of roughly $87,000 a year. That covers the full $2,030 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pigeon Forge, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Tennessee.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.