Last updated: September 2024
The Smoky Mountains, renowned for their stunning natural beauty and rich cultural heritage, offer excellent opportunities for mid-term rental investors. This region, spanning eastern Tennessee and western North Carolina, is a popular destination for tourists seeking both adventure and tranquility.
This guide highlights the top mid-term rental markets in the Smoky Mountains, focusing on key metrics such as median gross yield, home value trends, and rental income potential. By analyzing these factors, we provide valuable insights to help investors make informed decisions and maximize their returns in this scenic region.
Our advanced tool, Chalet Intel, delivers in-depth insights and strategies tailored for investors at all levels. It includes a robust calculator, regulation summaries, and extensive data on both short-term and mid-term rentals. Links for each market are provided for detailed individual analysis.
1. Sevierville, Tennessee
Sevierville, TN, known for its proximity to the Great Smoky Mountains National Park and a variety of attractions, is a prime destination for tourists seeking both relaxation and adventure.
Sevierville has experienced a notable increase in home values, with the average home price now at $350,000. The median annual revenue is $30,000, with a monthly rate of $2,500. With 200 full-time listings and a property tax rate of 1.50%, the gross yield is 8.57%.
For more comprehensive insights into Sevierville as a rental market, explore the Sevierville Airbnb Investor Guide and Sevierville Rental Regulations.
2. Pigeon Forge, Tennessee
Pigeon Forge, TN, located near the Great Smoky Mountains, is a popular destination for tourists seeking outdoor activities and winter sports at nearby ski resorts.
Pigeon Forge has seen a slight increase in home values by 3.00%, with the average price at $250,000. The market thrives with a median annual revenue of $47,520 and a monthly rate of $2,500. With 1,200 full-time listings and a property tax rate of 1.40%, the gross yield here is 10.29%.
For more insights into Pigeon Forge as a rental market, explore the free Pigeon Forge Airbnb Investor Guide and Pigeon Forge Rental Regulations.
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3. Gatlinburg, Tennessee
Gatlinburg, TN, is a popular gateway to the Great Smoky Mountains National Park, known for its vibrant tourism industry and beautiful mountain scenery.
Gatlinburg has seen a slight increase in home values by 2.50%, with the average price at $450,000. The market thrives with a median annual revenue of $58,800 and a monthly rate of $2,450. With 800 full-time listings and a property tax rate of 1.50%, the gross yield is 9.97%.
For more insights into Gatlinburg as a rental market, explore Chalet Intel. Our platform provides detailed data and investment guidance.
The Smoky Mountains region is an enticing destination for tourists due to its diverse attractions and activities. Visitors can explore the stunning landscapes through hiking, fishing, and boating in the summer, or skiing and snowboarding in the winter. Major attractions include the Great Smoky Mountains National Park, Dollywood, and the Ripley’s Aquarium of the Smokies. The region is also home to charming small towns, historical sites, and vibrant cultural events, making it a popular choice for both relaxation and adventure.
Each of these markets in the Smoky Mountains offers unique opportunities for mid-term rental investors, combining strong financial metrics with attractive tourist destinations. For a comprehensive overview, including detailed analyses, calculators, and regulation insights, make sure to explore our latest tool, Chalet Intel.
