Lot 19, Laurel Top Way, Gatlinburg, Tennessee 37738
Gatlinburg Rental Real Estate
Getting cozy with the Smokies is easy when you stay in a town like Gatlinburg, TN. The resort town located in Sevier County, Tennessee is commonly known as the “Gateway to the Great Smoky Mountains”. A large number of the major attractions here offer sweeping views of the neighboring Great Smoky Mountains National Park.
How to Buy a Short Term Rental Property in Gatlinburg, TN
There are plenty of Gatlinburg homes for sale. It does not matter how long you’ll personally be staying in Gatlinburg, whether it’s for a long or short period, buying real estate in this resort town is a very good investment. Almost any property in this market, as long as it’s a cabin, will make a profitable short term rental property.
However, there are some factors that need to be considered when in the market for a home or short-term rental property in this charming part of the country filled with various mountain properties.
The Demand for Short Term Rentals in Gatlinburg
Gatlinburg, TN sees a never ending stream of annual visitors. A Gatlinburg real estate investment is a great one for a lot of reasons, foremost among them being that Gatlinburg is a very popular vacation market.
Gatlinburg real estate market performance for the year 2019, are listed below;
- Median Property Price: $338,841
- Price per Square Foot: $178
- Price to Rent Ratio: 16
- Monthly Traditional Rental Income: $1,737
- Monthly Airbnb Rental Income: $3,814
- Airbnb Occupancy Rate: 76%
From the data above, it shows that rental properties are extremely profitable in Gatlinburg and a great ROI can be achieved even from traditional rentals.