According to statistics, the population in Pigeon Forge, TN amounts to 6,147, which shows decline 1% compared to the previous year. The median age of the city’s residents is 46. The average household income is $35,573, shifting growth 2% from the past year, and the average property value in Pigeon Forge, TN decline 0% to $169,100 throughout the year.
|Number Of Employees||3,441|
|Median Property Value||$169,100|
The average household income in Pigeon Forge, TN grew from $34,949 to $35,573 in the past year. This data is an estimate based upon 2,656 households in Pigeon Forge, TN . The chart below presents how household income is distributed in Pigeon Forge, TN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Pigeon Forge, TN shifted from $168,900 to $169,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Pigeon Forge, TN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Pigeon Forge, TN properties falls in the '$125,000 to $149,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Pigeon Forge, TN compared to median property taxes around the country. The prevalent amount of property taxes in Pigeon Forge, TN equals $800, which is less than the national average.
|May||vs Last Month|
|4+ bed apartments||$1,197,181||+5.5%|
During May 2023, the average price for an apartment in/near Pigeon Forge, TN decreased by 3.5% to $870,266.
The average price of the land for sale in Pigeon Forge, TN has not changed significantly since last month, being $1,197,500. After collecting all data points, we now see that the average price for 1-bed apartment increased by 16% to $473,267. Asking price for 2-bed apartment also decreased by 31.8% and a place of this size will now cost you $476,467. A 3-bed apartment goes for $590,790, it decreased by 45.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 5.5% and made it up to $1,197,181.
|May||vs Last Month|
|Houses for sale||$1,000,393||+7.5%|
|Condos for sale||$424,114||+17%|
Price reports demonstrate that house price increased by 7.5% this month making it up to $1,000,393. Condos are really in demand in this season. The median price for a condo increased by 17%, it’s now available for $424,114.