Pigeon Forge, TN Rental Investment Market: DSCR & STR Numbers (July 2026)
Where Pigeon Forge stands for short-term-rental investors: nightly rates, occupancy, yield, and the financing math behind its #12 STR rank.
Short-Term Rental Numbers
ADR
$272
avg daily rate
Occupancy
57%
RevPAR
$155
rev / available night
Median Price
$588,000
Gross Yield
9.6%
annual gross / price
Regulation Risk
LOW
STR score 66/100 · #12 of 15
Does It Pencil?
The median Pigeon Forge deal, run through DSCR math
- Purchase price (median)
- $588,000
- Down payment (20%)
- −$117,600
- Loan amount
- $470,400
- P&I @ 7.82% / 30yr
- $3,393/mo
- Property taxes (1.00%/yr, assumed)
- $490/mo
- Insurance (~0.5%/yr of price)
- $245/mo
- PITIA (full payment)
- $4,128/mo
- Est. STR gross (ADR × occ.)
- $4,716/mo
Illustrative DSCR
1.14
Covers the payment, but below the 1.25 line where the best rate tiers start.
Illustrative only, not a quote or pre-qualification. Uses the median price and ADR × occupancy revenue estimate from our July 2026 dataset, an indicative rate of 7.82% (10-year Treasury + a typical STR spread — see the live data dashboard), estimated insurance, and an assumed national-average tax rate. Actual rents, taxes, insurance, and pricing vary by property and borrower.
The Read
What the numbers say about investing in Pigeon Forge
Pigeon Forge, TN earns its spot on revenue per night, not cheap entry: a $272 ADR at 57% occupancy produces about $4,716 a month gross, but against a $588,000 median price the gross yield is 9.6% — the kind of market where furnishing quality, photos, and pricing strategy decide whether the deal actually carries itself.
On financing: STR-friendly DSCR lenders will qualify a Pigeon Forge purchase on projected short-term-rental income (typically via an AirDNA-style projection or 12 months of actuals) rather than lease rent. Using the market's RevPAR of $155 and an indicative STR loan rate, the median deal pencils to roughly a 1.14 DSCR at 20% down — covering, but without much slack, so revenue assumptions deserve scrutiny. Remember most lenders haircut projected STR income, so your underwritten number will be lower than the gross.
Regulation risk in Pigeon Forge currently grades low on our board — no permit caps or moratorium fights threatening the model as of this data refresh. That's a real underwriting advantage: lenders and insurers price STR risk too, and a stable regulatory backdrop keeps the projected-income financing path open. Still verify permits, zoning, and HOA covenants at the specific address before you offer; rules are hyper-local and change faster than monthly data.
Data as of July 2026 — refreshed monthly. Metro-level estimates for screening, not underwriting.
Next Step
Get a quote from a DSCR expert who lends in Tennessee
Real pricing on your actual deal — no hard credit pull to see numbers, and the property's income does the qualifying, not your W2.
Pigeon Forge investor FAQ
Is Pigeon Forge good for DSCR loans?
Pigeon Forge, TN is primarily a short-term-rental market on our boards (STR score 66/100). DSCR loans work here through STR-friendly programs that qualify on projected short-term-rental income — a $272 ADR at 57% occupancy, roughly $4,716/month gross, as of July 2026 data.
What is the average rent in Pigeon Forge?
We track Pigeon Forge, TN as a short-term-rental market rather than a lease market: a typical STR there runs a $272 average daily rate at 57% occupancy — roughly $4,716 per month in gross revenue (July 2026 estimate).
Can I get an STR loan in Pigeon Forge?
Yes — STR-friendly DSCR lenders finance short-term rentals in Pigeon Forge, TN, qualifying on projected or actual Airbnb/VRBO income instead of lease rent. Regulation risk currently grades low, which keeps projected-income underwriting straightforward. Market gross yield is 9.6% with $155 RevPAR (July 2026 data).
Run the numbers yourself
Calculator
STR calculator — pre-filled for Pigeon Forge
ADR, occupancy, and price loaded. Adjust to your deal.
Live Data
Market data dashboard
10Y Treasury, indicative rate ranges, and both full leaderboards.
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