Gatlinburg, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gatlinburg Neighborhoods Since 2000




Gatlinburg, TN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Gatlinburg Housing Market Information

With 4,184 people, 1,919 houses or apartments, and a median cost of homes of $196,951, Gatlinburg real estate is some of the most expensive in Tennessee, although Gatlinburg home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Gatlinburg, accounting for 58.06% of the city's housing units. Other types of housing that are prevalent in Gatlinburg include large apartment complexes or high rise apartments ( 33.79%), duplexes, homes converted to apartments or other small apartment buildings ( 5.76%), and a few mobile homes or trailers ( 1.34%).

People in Gatlinburg primarily live in small (one, two or no bedroom) single-family detached homes. Gatlinburg has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Gatlinburg built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Gatlinburg built between 2000 and later ( 18.74%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.40%). There's also some housing in Gatlinburg built before 1939 ( 1.52%).

A decent proportion of the Gatlinburg housing stock is seasonally occupied. That is, homes and condos in Gatlinburg are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Gatlinburg housing market speaks to its popularity as a vacation location of choice.

Gatlinburg Home Appreciation Rates

Gatlinburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gatlinburg during the period has been just -1.89%, which is lower than 80% of US communities.

Over the last year, Gatlinburg appreciation rates have trailed the rest of the nation. In the last twelve months, Gatlinburg's appreciation rate has been 1.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gatlinburg were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Tennessee, our data show that Gatlinburg's latest annual appreciation rate is lower than 80% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$196,951

Gatlinburg, TN HOME PRICES

Value Range
> $1,111,000 3.7
$833,001 - $1,111,000 2.9
$556,001 - $833,000 2.6
$444,001 - $556,000 2.1
$333,001 - $444,000 10.5
$222,001 - $333,000 20.3
$111,001 - $222,000 44.9
$55,001 - $111,000 6.6
$0 - $55,000 6.4

Very High for TN
High for Nation

Value Relative to Nation Value Relative to State
33.0305871323099 11.2244897959184

Number Of Homes And Apartments:
1,919

Gatlinburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
13.23% 0.72% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,085 / per month

Homeownership Rate

Homeownership
Owners 62.22
Renters 37.78
Vacant 68.95

Housing Market Details

 

Age of Homes

AGE OF Gatlinburg HOMES
2000 or Newer 18.7
1970 - 1999 61.3
1940 - 1969 18.4
1939 or Older 1.5

Types of Homes

TYPE OF Gatlinburg HOMES
Single-Family 58.1
Townhomes 1.1
Small Apt. Buildings 5.8
Apt. Complexes 33.8
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Gatlinburg HOMES
No Bedroom 5.40
1 Bedroom 21.12
2 Bedrooms 38.01
3 Bedrooms 24.11
4 Bedrooms 7.38
5 or more bedrooms 3.98

Popular Neighborhoods in Gatlinburg

Popular Communities Near Gatlinburg, TN

Zip Codes in Gatlinburg, TN