Gatlinburg's Real Estate Market
Real estate in Gatlinburg is thriving. While the 2000 census
estimated that some 3,300 people live year-round in Gatlinburg,
many thousands more visit during every season of the year. As
these crowds visit Gatlinburg to enjoy the outdoor activities
and other attractions, hundreds of cabins in Gatlinburg are
bought and sold each year. Currently many new buildings and
communities are being developed.
Rental income is a primary objective of many Gatlinburg real
estate owners. More and more people are viewing ownership
Gatlinburg cabins as an excellent source for supplemental
income. On the high end, the cost of buying a luxurious cabin
can run from $250,000 to $500,000, the rental income can easily
range from $25,000 to $85,000 a year.
In considering where to buy a rental cabin, one benefit of
Gatlinburg is its prime location -- within a day's driving
distance of half the American populace. The close proximity, as
well as the natural beauty of the surrounding Smoky Mountains,
ensures that thousands of visitors will rent from owners of
Gatlinburg real estate.
Even without renting, Gatlinburg real estate is a valuable
asset. Over the past few years, many Gatlinburg cabin owners
have experienced appreciation of 7% to 14% a year. In other
words, many in Gatlinburg have seen their real estate
investments outpace stock market returns. Smaller cabins can be
bought directly from existing owners for as little as $75,000.
While many opt to buy cabins and chalets in Gatlinburg, others
prefer the challenge and excitement of purchasing undeveloped
land and building their dream cabin from the ground up. At least
in the beginning stages, this option is often affordable, with
many land lots starting at $15,000. As property values continue
to rise, some investors are buying Gatlinburg land without the
intention of building, but only holding it for a few years, and
then reselling it to the highest bidder.
In addition to the financial advantages, owners of Gatlinburg
real estate enjoy the area's natural and other benefits.
Gatlinburg real estate can make relaxing and convenient summary
escape or second-home. Some of the newest real estate
developments in Gatlinburg are rental and ownership communities,
which often include swimming pools, central patios, and
clubhouses. In addition, there are several attractions only
minutes, such as Ober Gatlinburg, Dollywood, and Ripley's
Aquarium.
There are several Gatlinburg realtors online who can assist you
directly with the real estate buying process.