Those looking to invest in real estate should not overlook Pigeon Forge, TN. Though the 2000 census estimates the number of permanent Pigeon Forge residents at just over 5,000, the population during the popular summer months can soar to tens of thousands. Pigeon Forge has doubled in the last 25 years, and the real estate business is booming.
A great number of people who buy Pigeon Forge real estate do so in order to rent out the property during the busy tourist season. Cabins of all sizes are always being bought and sold, with some going for as much as $500,000. Savvy investors can make their money back in just a few short years by putting the property up for rent.
Pigeon Forge is located in a prime area for real estate. It is located within minutes of the Great Smoky Mountain National Park and lots of Pigeon Forge real estate has views of the beautiful mountains and of the Little Pigeon River. Pigeon Forge real estate is a great investment for investors or for nature lovers who want to live close to a stunningly majestic national park.
Since the value of Pigeon Forge real estate is constantly rising, many investors buy empty plots of land and simply resell the land in a few years for a huge profit. Prices vary drastically for lots depending on their size and location, going from $15,000 for a few acres to over a million and a half dollars for some prime lots.
Pigeon Forge real estate is a sure-fire investment and can be a beautiful place to live. People looking to make money or relocate to a scenic region are advised to check out Pigeon Forge.