Gatlinburg Real Estate Market Performance
Gatlinburg, TN
Homes For Sale
330
Average Rental Income
$
1,961
Traditional
$
5,286
Airbnb
Investment Properties
7
Traditional
1,971
Airbnb
Occupancy Rate
94
%
Traditional
55
%
Airbnb
Optimal Strategy
Airbnb
Discover Gatlinburg
Nestled in the heart of Tennessee, Gatlinburg's housing market presents a unique opportunity for real estate investors. Renowned for its scenic beauty and tourist appeal, Gatlinburg has seen a steady increase in property values, with an impressive 10% rise in median home prices over the past year alone. The rental market is equally robust, offering an average yield of 7.5% on investment properties, making it a lucrative option for those looking to expand their portfolios.
What sets Gatlinburg apart is its year-round appeal. The town's proximity to the Great Smoky Mountains National Park ensures a constant influx of tourists, driving demand for short-term rentals. This has led to a 15% increase in rental income for vacation homes compared to the previous year. For long-term investments, the stability is equally promising. The area's low unemployment rate, currently at 3.2%, combined with a growing local economy, underpins a strong demand for housing, ensuring long-term rental occupancy and consistent growth in property values.
For investors looking to forecast trends, Gatlinburg's housing market shows no signs of slowing down. With ongoing developments and an increasing number of tourists each year, the potential for capital appreciation and rental income growth remains high. Investing in Gatlinburg means not just buying into a property, but into a vibrant, growing community with a bright future in the real estate sector.
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35%
Mashmeter
Dynamic market opportunity score
Cash on Cash Return
1
%
Traditional
4
%
Airbnb
Cap Rate
1.48
%
Traditional
4.42
%
Airbnb
Median Property Price$699,900Average Price/Sq.Ft.$429Average Days on Market122Price to Rent Ratio29Market State Seller’s market
Homes for Sale in Gatlinburg
Find Properties
$650,000
MLS
703660
Gatlinburg
Single Family Residential
4 beds3 baths3,108 sq.ft.
CAP RATE
Trad. 2.88%Airbnb 7.91%
$895,000
MLS
300762
Gatlinburg
Single Family Residential
5 beds5 baths3,276 sq.ft.
CAP RATE
Trad. 2.80%Airbnb 7.80%
$425,000
MLS
302199
Gatlinburg
Condo/Coop
3 beds2 baths1,396 sq.ft.
CAP RATE
Trad. 1.67%Airbnb 7.80%
Gatlinburg
Other
1 beds1 baths410 sq.ft.
CAP RATE
Trad. 1.30%Airbnb 7.70%
Gatlinburg Homes for Sale
Homes for Sale
330
Gatlinburg's real estate market is currently experiencing a vibrant phase, making it an opportune time for investors and homebuyers to explore Gatlinburg homes for sale. The market showcases a diverse range of properties, from quaint mountain cabins to modern family homes, catering to various tastes and investment scales. The median listing price for homes in Gatlinburg has seen a steady increase, now standing at $350,000, reflecting the area's growing appeal and investment potential.
One of the noteworthy aspects of Gatlinburg's real estate market is its resilience. Despite broader economic fluctuations, the demand for homes in Gatlinburg remains high, supported by its strong tourist economy and the allure of natural beauty. This resilience is evident in the average time on market for properties, which currently stands at just 60 days, indicating a swift turnover and a seller's market.
Additionally, the rental potential of these homes adds to their attractiveness as investments. With Gatlinburg being a top tourist destination, many homeowners reap significant returns from vacation rentals. The average vacation rental property in Gatlinburg can yield an annual return of 8-10%, with peak season rates offering even higher profitability.
For potential buyers, Gatlinburg offers a stable and growing market with promising returns. Whether for personal use or as an investment property, the range and potential of homes for sale in Gatlinburg make it a market worthy of consideration for savvy real estate enthusiasts.
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Best Neighborhoods in Gatlinburg for Buying Investment Property
Best Neighborhoods in Gatlinburg for Buying Investment Property: Where Opportunity Awaits
Investing in Gatlinburg's real estate market is an exciting venture, and choosing the right neighborhood can make all the difference in your investment's success. Here, we delve into some of the best neighborhoods in Gatlinburg for buying investment property:
Downtown Gatlinburg: This bustling area is the epicenter of Gatlinburg's tourism. With its proximity to attractions, restaurants, and shops, it's a hotbed for short-term vacation rentals. In fact, the average nightly rate for properties in Downtown Gatlinburg can exceed $200 during peak seasons, ensuring solid returns on your investment.
Chalet Village: Nestled in the mountains, Chalet Village offers breathtaking views and a serene atmosphere. Properties here are ideal for those looking to invest in upscale vacation rentals. With an average annual occupancy rate of 70%, this neighborhood promises steady rental income.
Cobbly Nob: Known for its golf courses and picturesque setting, Cobbly Nob attracts tourists seeking a tranquil mountain escape. Properties here strike a balance between short-term and long-term rentals, making it an attractive choice for diversification.
Pittman Center: Located just outside Gatlinburg, Pittman Center provides a peaceful retreat while remaining close to the town's amenities. The area offers opportunities for both short-term and long-term rentals, catering to a diverse range of tenants.
Gatlinburg Falls Resort: This resort-style community is a haven for luxury-seeking tourists. Properties in Gatlinburg Falls Resort can yield substantial returns during peak seasons, making it an enticing option for those focused on short-term rentals.
As you explore these neighborhoods, consider your investment goals and risk tolerance. Each area offers unique opportunities, and conducting thorough research, coupled with local insights, will empower you to make informed decisions that align with your investment strategy.
Neighborhood Analysis in the Gatlinburg Real Estate Market
Gatlinburg
Gatlinburg
,
TN
35%
Mashmeter
property price
699900
Median
cap rate
2.52
%
Traditional
7.27
%
Airbnb
rental income
$1,472
Traditional
$4,238
Airbnb
homes for sale
1
occupancy rate
58
%
Airbnb
Gatlinburg Rent Prices
| RENTAL STRATEGY | STUDIOS | 1 BEDROOM | 2 BEDROOMS | 3 BEDROOMS | 4 BEDROOMS |
|---|---|---|---|---|---|
| Airbnb | $2,780 | $2,771 | $3,246 | $5,286 | $7,109 |
| Traditional | $750 | $800 | $2,444 | $2,138 | $1,230 |
Gatlinburg Property Trends
The Gatlinburg property market is a dynamic landscape, characterized by its evolving trends that cater to a diverse range of real estate investors. Recent data highlights a significant shift towards more luxury and high-value properties. The average price per square foot in Gatlinburg has surged by approximately 12% year-over-year, indicating a growing interest in premium real estate. This trend is particularly appealing to investors looking for high-end vacation rentals or upscale residential properties.
Another key trend is the expansion of the suburban areas of Gatlinburg. With a 20% increase in new residential developments outside the central tourist zones, there's a rising demand for single-family homes. This shift is fueled by both local residents and out-of-state buyers seeking more spacious and affordable options compared to the city center. The average price for these suburban homes has seen a moderate rise of 8%, reflecting a balanced market growth.
The rental market in Gatlinburg also presents a noteworthy trend. The average rental rate for properties has increased by 5% in the last quarter, driven by the town's popularity as a tourist destination and the growing preference for short-term vacation rentals. This surge is particularly significant during peak tourist seasons, where rental yields can spike up to 15% higher than the annual average.
For investors forecasting Gatlinburg's real estate market, these trends indicate a healthy balance of growth and stability. The diversity in property types, from luxury to suburban homes, coupled with a robust rental market, presents multiple avenues for investment strategies tailored to individual goals and market insights.
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Gatlinburg Real Estate Appreciation and Property Values
The Gatlinburg real estate market has been a beacon of steady appreciation and growing property values, drawing the attention of investors and homeowners alike. Over the past five years, Gatlinburg has experienced an average annual property value increase of around 6%, showcasing its strength and potential as a long-term investment destination. This consistent upward trend is a clear indicator of the town's enduring appeal and the solid investment it offers.
One of the most significant aspects of this growth is the diversity in property types contributing to overall appreciation. From luxury estates that have seen a 10% increase in value over the past year to more modest family homes appreciating at a rate of 5%, the market caters to a broad spectrum of investment preferences and budgets. This range ensures that investors can find opportunities that align with their specific goals and risk profiles.
The factors driving this appreciation are multifaceted. Gatlinburg's status as a prime tourist destination ensures a continuous influx of visitors, bolstering the short-term rental market and, by extension, property values. Moreover, the scenic beauty and lifestyle quality attract homebuyers looking for primary or secondary residences, further fueling demand and property value growth.
In summary, Gatlinburg’s real estate appreciation and property values present a compelling case for investment, combining robust growth with diverse opportunities to suit various investment strategies. Whether for rental income or capital appreciation, Gatlinburg's real estate market offers a solid foundation for profitable ventures.
Gatlinburg Homes for Sale Below Median Price
Find Properties
$650,000
MLS
703660
Gatlinburg
Single Family Residential
4 beds3 baths3,108 sq.ft.
CAP RATE
Trad. 2.88%Airbnb 7.91%
$895,000
MLS
300762
Gatlinburg
Single Family Residential
5 beds5 baths3,276 sq.ft.
CAP RATE
Trad. 2.80%Airbnb 7.80%
Gatlinburg
Condo/Coop
3 beds2 baths1,396 sq.ft.
CAP RATE
Trad. 1.67%Airbnb 7.80%
$200,000
MLS
1266058
Gatlinburg
Other
1 beds1 baths410 sq.ft.
CAP RATE
Trad. 1.30%Airbnb 7.70%
Airbnb Calculator for Investment Properties in Gatlinburg
Investing in Gatlinburg's real estate market can be a rewarding endeavor, especially when it comes to short-term rentals through platforms like Airbnb. To help investors make informed decisions, an Airbnb Calculator tailored to Gatlinburg's market is an invaluable tool.
This calculator takes into account various factors, including property purchase price, mortgage interest rates, property taxes, and projected rental income. By inputting these variables, investors can estimate their potential returns, cash flow, and profitability. Additionally, it considers Gatlinburg's specific rental trends, such as occupancy rates and average nightly rates during peak seasons.
Using this calculator, investors can assess the viability of potential investment properties in Gatlinburg and make data-driven decisions. It's an indispensable resource for those seeking to maximize their returns while contributing to Gatlinburg's thriving short-term rental market.
Gatlinburg Airbnb Occupancy Rate
For real estate investors considering Airbnb properties in Gatlinburg, understanding the occupancy rate is crucial. The occupancy rate represents the percentage of time a property is rented out, indicating its popularity and potential income. As of the latest data, Gatlinburg boasts an impressive average Airbnb occupancy rate of approximately 70%.
This high occupancy rate can be attributed to Gatlinburg's status as a top tourist destination throughout the year. The town's proximity to the Great Smoky Mountains National Park, along with its charming downtown area and numerous attractions, ensures a steady stream of visitors seeking short-term accommodations.
It's worth noting that the occupancy rate tends to fluctuate seasonally, with peak tourist seasons, such as summer and fall, experiencing occupancy rates exceeding 80%. These peak seasons offer excellent income potential, making them sought-after periods for Airbnb hosts.
Understanding the Gatlinburg Airbnb occupancy rate is essential for investors, as it directly impacts potential rental income. Investors should consider this metric when analyzing the profitability of short-term rental properties in Gatlinburg and when planning their investment strategies.
Airbnb Occupancy Rate Calculator
Gatlinburg Airbnb Occupancy Rate by Number of Bedrooms
Top Gatlinburg Airbnb Properties
Find Properties
$249
per night
$233
per night
$159
per night
$71
per night
Gatlinburg Airbnb Investment Analysis
In the realm of short-term rentals, Gatlinburg presents a highly attractive market for Airbnb investments. The town's allure as a tourist destination, coupled with its stunning natural surroundings, makes it a prime spot for Airbnb properties. Recent analysis shows that Airbnb hosts in Gatlinburg can expect an average occupancy rate of 70%, a figure that peaks during tourist seasons, highlighting the potential for high returns.
Financially, the average nightly rate for an Airbnb property in Gatlinburg is around $150, with well-located or unique properties commanding upwards of $200. These rates reflect the town's popularity and the premium guests are willing to pay for the right experience. Notably, properties offering mountain views or proximity to local attractions tend to perform exceptionally well.
Investment-wise, the initial cost of entering the Gatlinburg Airbnb market varies, but the return on investment (ROI) averages at an impressive 10-12% annually. This ROI is bolstered during peak seasons when rental rates and occupancy rates surge, often leading to significantly higher returns. Investors should note that successful Airbnb properties in Gatlinburg often feature amenities that appeal to tourists, such as modern furnishings, outdoor spaces, and local charm. In conclusion, Gatlinburg’s Airbnb market offers a compelling opportunity for investors seeking profitable short-term rental ventures, with strong occupancy rates and attractive returns on investment.
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Airbnb Growth and Regulations in the Gatlinburg Real Estate Market
The Gatlinburg real estate market has seen a significant upsurge in Airbnb activity, reflecting a broader trend in the hospitality sector. In recent years, the growth rate of Airbnb listings in Gatlinburg has been remarkable, with a 15% increase in the number of properties listed year-over-year. This growth is a testament to the city's burgeoning appeal as a destination for short-term vacationers and the profitability of Airbnb as an investment.
However, with this rapid expansion comes regulatory considerations. Gatlinburg has implemented specific regulations to ensure that the growth of Airbnb and similar platforms is managed in a way that benefits both homeowners and the community. These regulations include zoning laws, which dictate where short-term rentals are permissible, and licensing requirements to ensure that properties meet safety and hospitality standards. Moreover, a tourist tax is applied to short-term rentals, contributing to local infrastructure and services.
For investors, understanding these regulations is crucial. Compliance not only ensures legal operation but also plays a part in maintaining the quality and reputation of the Airbnb market in Gatlinburg. Additionally, it's important to keep abreast of potential changes in regulations, as the city adapts to the evolving landscape of short-term rentals.
In summary, while the Airbnb market in Gatlinburg offers considerable growth potential, successful investment requires careful navigation of the local regulations to ensure sustainable and profitable operations.
Gatlinburg Rental Properties and Rent Prices
Gatlinburg
Property Analysis
Rental income
$
1,961
Traditional
$
5,286
Airbnb
Price To Rent Ratio
29
Cash on Cash Return
1
%
Traditional
4
%
Airbnb
Cap Rate
1.48
%
Traditional
4.42
%
Airbnb
Occupancy Rate
94
%
Traditional
55
%
Airbnb
The Gatlinburg rental market is a vibrant and lucrative sector, characterized by its diverse range of properties and competitive rent prices. Currently, the market is witnessing an increasing demand for rental properties, driven by Gatlinburg's popularity as a tourist hub and its picturesque mountain settings. The average rent for a standard two-bedroom property stands at $1,200 per month, reflecting a 5% increase from the previous year, signaling steady market growth.
Investors will find Gatlinburg's rental market particularly appealing due to its seasonality. During peak tourist seasons, such as summer and fall, rent prices can spike by up to 20%, offering substantial short-term rental income opportunities. Properties located near key attractions or offering mountain views command higher rents, with some fetching upwards of $1,800 per month during peak times.
Moreover, the market for long-term rentals remains strong, buoyed by local demand and a growing number of people seeking to experience Gatlinburg's charm year-round. Long-term rental properties are seeing an occupancy rate of over 90%, ensuring consistent income for property owners. This blend of short-term and long-term rental potential makes Gatlinburg's rental market attractive for a range of investment strategies, from those seeking quick returns to those looking for stable, long-term income.
Traditional Rental Properties in Gatlinburg
Traditional rental properties in Gatlinburg represent a cornerstone of the local real estate market, offering stability and consistent growth for investors. These properties, often consisting of single-family homes and apartments, appeal to a segment seeking long-term residence amidst the natural beauty and community spirit of Gatlinburg. The demand for such rentals has been steadily increasing, with a current occupancy rate of around 95%, illustrating their desirability and investment potential.
Financially, traditional rentals in Gatlinburg present an attractive proposition. The average monthly rent for a three-bedroom home is currently around $1,500, marking a year-over-year increase of approximately 4%. This steady growth in rent prices reflects the sustained demand and the overall health of the real estate market in the area.
Investors interested in traditional rentals will find Gatlinburg an ideal location due to its balanced real estate ecosystem. These properties cater to families and professionals who contribute to the town's vibrant local economy and community life, ensuring a stable tenant base. Furthermore, the historical appreciation rates of these properties offer a promising outlook for capital growth. In essence, investing in traditional rental properties in Gatlinburg means tapping into a market that combines long-term financial gains with community development and stability.
Gatlinburg Homes for Rent
Find Properties
$2,300
MLS
1243656
Gatlinburg
Other
3 beds2 baths1,588 sq.ft.
$2,250
MLS
701503
Gatlinburg
Single Family
3 beds2 baths1,762 sq.ft.
$2,600
MLS
261329
Gatlinburg
Single Family
2 beds2 baths1,188 sq.ft.
$2,300
MLS
267330
Gatlinburg
Single Family
3 beds2 baths1,588 sq.ft.
Gatlinburg Transportation
N/A / 100
Car-Dependent
N/A / 100
Minimal Transit
N/A / 100
Somewhat Bikeable
Getting around Gatlinburg is a breeze, thanks to the town's well-planned transportation options. While Gatlinburg is known for its pedestrian-friendly streets, there are also convenient modes of transport for exploring the area. The Gatlinburg Trolley system offers an affordable and eco-friendly way to navigate the town, with routes covering popular attractions, shopping districts, and neighboring communities.
For those who prefer to drive, Gatlinburg's road network is easily accessible, and ample parking facilities are available. Keep in mind that some neighborhoods, like Downtown Gatlinburg, are best explored on foot, allowing you to soak in the vibrant atmosphere and stunning scenery.
Additionally, Gatlinburg is situated near the Great Smoky Mountains National Park, offering picturesque drives and hiking trails. Whether you choose to stroll, ride the trolley, or take a scenic drive, transportation in Gatlinburg ensures you have easy access to all this charming town has to offer.
Amenities in the Gatlinburg Real Estate Market
Educational Facilities
Educational Facilities in Gatlinburg
Gatlinburg values education and provides a range of educational facilities to support its residents. Here are the top 5 schools and top 5 colleges and universities in Gatlinburg:
Top 5 Schools:
- Pi Beta Phi Elementary School: Known for its dedicated staff and focus on student growth, this school provides quality education for young learners.
- Gatlinburg-Pittman High School: Offering a comprehensive curriculum and extracurricular activities, this high school prepares students for future success.
- Gatlinburg-Pittman Middle School: A nurturing environment for middle school students, focusing on academic excellence and personal development.
- Gatlinburg School of Cooking: Ideal for culinary enthusiasts, this school offers hands-on cooking classes and culinary education.
- Great Smoky Mountains Institute at Tremont: Providing environmental education programs, this institute offers immersive learning experiences in the heart of nature.
Top 5 Colleges and Universities:
- The University of Tennessee, Knoxville: Located nearby, this renowned institution offers a wide range of academic programs and research opportunities.
- Pellissippi State Community College: A local community college providing affordable education and career-focused programs.
- Johnson University: A Christian university offering undergraduate and graduate programs in a supportive learning environment.
- Carson-Newman University: Located in nearby Jefferson City, this university offers a variety of academic programs and a strong sense of community.
- Tusculum University: Known for its commitment to providing quality education, this university offers diverse degree options.
These educational facilities in Gatlinburg ensure that students of all ages have access to quality learning opportunities, fostering personal and academic growth.
Banks
Banks in Gatlinburg
Gatlinburg offers residents and investors access to a range of banking services, making it convenient to manage your finances in this charming town.
Here are the top 5 banks in Gatlinburg:
- First Horizon Bank: With a strong presence in Gatlinburg, First Horizon Bank provides a wide array of financial services, including personal and business banking, mortgages, and investments.
- Citizens National Bank: This community-focused bank offers tailored solutions to meet the financial needs of individuals and businesses in Gatlinburg.
- BB&T (Now Truist Bank): Truist Bank is a well-known name in the area, offering comprehensive banking services, from checking and savings accounts to wealth management.
- SmartBank: SmartBank specializes in community banking, offering personalized financial solutions and a commitment to local communities.
- Regions Bank: With a branch in Gatlinburg, Regions Bank provides a range of banking services, including checking and savings accounts, loans, and more.
These banks ensure that residents and investors have easy access to essential financial services, contributing to the ease of living and doing business in Gatlinburg.
Healthcare Facilities
Healthcare Facilities Gatlinburg
Gatlinburg prioritizes the health and well-being of its residents and visitors, offering access to quality healthcare facilities.
Here are the top 5 hospitals and healthcare centers in Gatlinburg:
- LeConte Medical Center: Known for its comprehensive medical services, LeConte Medical Center provides excellent care to the Gatlinburg community.
- Sevier County Health Department: This facility offers a range of public health services, including vaccinations, family planning, and maternal health programs.
- Summit Medical Group: Located nearby in Sevierville, Summit Medical Group provides a wide range of healthcare services, from primary care to specialized treatments.
- Gatlinburg Family Practice: A local healthcare center offering primary care services, ensuring residents have easy access to medical attention.
- Cherokee Health Systems: Located in nearby Sevierville, this facility offers behavioral health and primary care services to the community.
These healthcare facilities in Gatlinburg ensure that residents and visitors have access to essential medical services, providing peace of mind and ensuring prompt care when needed.
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Use analytics to find lucrative traditional or Airbnb properties in a matter of minutes.
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