Tennessee, known for its rich musical heritage and beautiful landscapes, offers excellent opportunities for short-term rental investors. From vibrant cities to scenic mountain towns, these markets provide strong investment potential.
Our latest tool, Chalet Intel, provides comprehensive insights and strategies tailored to investors at all experience levels. It includes a calculator, regulation overview, and much more for each market discussed. Links will be provided for each market, allowing you to conduct a more detailed analysis on your own.
1. 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 an ADR of $275.00 and an occupancy rate of 60%, leading to an annual revenue of $58,800 from 800 active rentals. The gross yield here is 9.97%, with a cap rate of 6.50%.
For more insights into Gatlinburg as a rental market, explore Chalet Intel. Our platform provides detailed data and investment guidance.
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 an ADR of $220.00 and an occupancy rate of 60%, leading to an annual revenue of $47,520 from 1,200 active rentals. The gross yield here is 10.29%, with a cap rate of 6.00%.
For more insights into Pigeon Forge as a rental market, explore the free Pigeon Forge Airbnb Investor Guide and Pigeon Forge Rental Regulations.
