Gatlinburg is a mountain resort town that sees millions of visitors each year. The surrounding mountains, ample entertainment options, and iconic restaurants all contribute to Gatlinburg being a top vacation destination. Instead of just visiting Gatlinburg, you can own your own slice of paradise near all that this town has to offer. Whether you are looking for a permanent residence, vacation home, or investment property, here’s what you need to know before buying Gatlinburg homes for sale.

Average Price of Gatlinburg Homes for Sale

As of January 2024, the average value of Gatlinburg homes for sale is $479,506. This value has gone down 8.1 percent over the past year. The median sold home price is $625,000, which is $74,900 less than the median listing price. Gatlinburg is currently a buyer’s market, which means the supply of homes is greater than the demand. This is why the selling price is, on average, often below the asking price. There are Gatlinburg homes for sale at a range of prices, so it should not be difficult to find a home that fits your budget.

Cost of Living in Gatlinburg

In 2023, the cost of living in Gatlinburg was one percent higher than the national average and 13 percent higher than the Tennessee average. This is primarily due to the cost of housing, which is 22 percent higher than the national average. All other living costs are less expensive in Gatlinburg when compared to the US average. This means you can expect to spend less on groceries, transportation, health care, utilities, and other goods and services than you would in many other places in the United States. Additionally, Tennessee does not have a state income tax, which means you do not have to pay this extra tax when you live in Gatlinburg, TN.

What Is Gatlinburg Like?

Gatlinburg is a small mountain resort town that is nestled at the entrance to the Great Smoky Mountains National Park. Because of this, the town is a popular tourism destination that sees many visitors throughout the year. Downtown Gatlinburg is filled with shops and restaurants that cater to the tourism scene. Outside of downtown you can find the Great Smoky Arts & Crafts Community, where local artisans sell handmade crafts and goods in roadside shops and galleries. Gatlinburg is also a very popular wedding and honeymoon destination, so there are many businesses that offer related services. Throughout the year, the town hosts a number of popular events that locals and visitors alike enjoy attending. If you have a family, you’ll be happy to know that Gatlinburg is a great place to raise kids, with a strong public school system and plenty of outdoor activities and fun attractions.

Search Gatlinburg Homes for Sale

Now that you know a bit more about living in Gatlinburg and the local real estate market, it’s time to start looking for Gatlinburg homes for sale! Take a look at the newest homes and cabins for sale in Gatlinburg to find your next residence or rental property!