Commercial Real Estate Market in Pigeon Forge, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1,022 active listings and 2,130 off-market properties in Pigeon Forge, TN. Commercial property asks $29/SF to buy and $26.04/SF/Yr to lease.
Market Trends
Pigeon Forge, TN spans 285.9 square miles in Sevier County, Tennessee. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Pigeon Forge, TN asks $156/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Pigeon Forge, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Pigeon Forge, TN runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Pigeon Forge, TN asks $307/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Pigeon Forge, TN has 63,090 residents in 37,452 households. Density runs 221 people per square mile. Median household income here is $57,819 and median gross rent $975 a month.
63,090
Population
37,452
Households
1.7
Avg Household Size
44
Median Age
21%
College-Educated
86%
High-School Grad
285.9 sq mi
ZIP Area
221
Density / Sq Mi
$57,819
Median Household Income
$32,562
Median Earnings
$975
Median Rent
$266,888
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gatlinburg | — | — |
| Seymour | — | — |
| Townsend | — | — |
| Walland | — | — |
Commercial property in Pigeon Forge, TN asks $29/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pigeon Forge?
Commercial property in Pigeon Forge, TN asks an average of $29 per square foot. The 5 most recent recorded sales traded at a median of $226/SF. Multifamily carries the highest asking price at $307/SF.
How much does it cost to lease commercial space in Pigeon Forge?
Asking lease rates in Pigeon Forge, TN average $26.04 per square foot per year.
Where does Realmo's Pigeon Forge market data come from?
Realmo compiles Pigeon Forge, TN figures from 5 recent recorded sales, 995 active sale listings, 27 active lease listings, 2,130 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 995 active for-sale and 27 active for-lease listings in Pigeon Forge, TN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
