Mortgage Rates in Pigeon Forge, Tennessee — March 2026
Updated March 2026 | Based on Pigeon Forge market data and regional lending conditions
Pigeon Forge is a growing city in Tennessee with a population of 6,340. The current 30-year fixed mortgage rate in Pigeon Forge is 6.73%, which is 0.08% above the national average. With a median home price of $248,000 and a 20% down payment of $49,600, homebuyers can expect a monthly principal and interest payment of approximately $1,284.
Current Mortgage Rates in Pigeon Forge, TN
Below are the current average mortgage rates available in the Pigeon Forge area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.73% | 6.65% | +0.08% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.98% | 6.85% | +0.13% |
Pigeon Forge Housing Market Overview
The Pigeon Forge housing market offers relatively affordable housing compared to many major cities. The median household income in Pigeon Forge is $54,000, and the cost of living index is 91.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $60,686 to comfortably afford the median-priced home in Pigeon Forge, which exceeds the current median household income.
Monthly Payment Breakdown for Pigeon Forge
Based on the median home price of $248,000 with 20% down ($49,600), here is what you can expect to pay monthly in Pigeon Forge:
15-Year vs. 30-Year Mortgage in Pigeon Forge
Choosing a 15-year mortgage in Pigeon Forge at 5.98% instead of a 30-year at 6.73% would save you $161,280 in total interest over the life of the loan. However, your monthly payment would be $1,672 instead of $1,284 — an increase of $388 per month.
Calculate Your Pigeon Forge Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Pigeon Forge
What are the current mortgage rates in Pigeon Forge, TN?
As of March 2026, the average 30-year fixed mortgage rate in Pigeon Forge, Tennessee is 6.73%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in Pigeon Forge?
Based on the median home price of $248,000 with 20% down, the estimated monthly mortgage payment in Pigeon Forge is $1,284 for principal and interest. Including property taxes of $132/month, the total monthly housing cost is approximately $1,416.
What income do I need to buy a home in Pigeon Forge?
Using the 28% rule, you would need an annual income of approximately $60,686 to afford the median-priced home in Pigeon Forge at $248,000. The median household income in Pigeon Forge is $54,000. This means most households would need to either earn above the median or consider homes below $248,000.
Is Pigeon Forge a good place to buy a home in 2026?
Pigeon Forge offers a below-average cost of living with a cost of living index of 91.3 (national average = 100). The property tax rate in Tennessee is 0.64%, which is below the national average. Pigeon Forge has a population of 6,340 and offers a very affordable lifestyle.
Mortgage Rates in Other Tennessee Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Pigeon Forge, Tennessee area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.