Co-own real estate report: Sevierville, Tennessee
Situated at the foot of our nation’s most visited national park, the Great Smoky Mountains, lies a special place full of breathtaking scenery, warm people, and a unique cultural history. We are describing Sevierville, Tennessee, a small town that is more relaxed than other cities around the Great Smokies. That is only one reason why it’s so revered.
Sevierville has witnessed ample tourism-related growth in the past two decades. In 2023, the area, including Sevierville, drew 13 million visitors. This is driven by its prime location in the foothills of the Great Smoky Mountains. It is easy to see why so many people flock to Sevierville each year.
Many visitors start their Great Smoky Mountain journey in Sevierville because of the variety of things to do fit for singles, couples, and families. From theme parks to the national park, big adventures to hidden gems, a darling historic downtown to a town square, the offerings set it apart from neighboring towns.
If you’re more outdoorsy, there is no shortage of things to do either. Whether you enjoy hunting, fishing, hiking, ATV riding, rafting, canoeing, horseback riding, or simply having a good time under the open skies, Sevierville has the desired experience.
Sevierville is also the hometown of music legend Dolly Parton, and Dolly couldn’t be prouder. In the area, you’ll find a Dolly Parton Statue on the Sevier County Courthouse lawn. You’ll also find a mural, Wings of Wander, that’s a nod to Dolly’s hit “Love is Like a Butterfly,” and so much more as a nod to her.
From aviation history to Hello Dolly, a shopper’s haven to spirit tastings, this charming city is the perfect place to plant permanent roots or co-buy a vacation home.
What makes Sevierville attractive for co-buying
By co-buying a property in Sevierville, you’ll gain a serene retreat amidst the picturesque landscape and make a wise investment in real estate. With Sevierville’s thriving tourism industry and remarkable surroundings, you’re ensured a steady stream of visitors throughout the year, providing ample opportunities for rental income. Additionally, Tennessee boasts lower property taxes than many other states and popular tourist destinations, making it an affordable option for investors.
It’s not just temporary visitors, though. Sevierville’s population continues to grow. In 2010, the town’s population was less than 15,000. As of 2023, its population is more than 19,000, which is expected to grow further.
Learn more about some of the latest real estate statistics for Sevierville below.
-6.6% median sale price year over year (meaning now is a great time to buy)
43 / 100 or somewhat competitive housing market
$425,000 median home sale price
49 days on the market (on average) before the sale
97.4% sale-to-list price
Short-term rentals in Sevierville
Short-term rental statistics for Sevierville include:
71% occupancy rate on Airbnb
$242 average daily rate
$4,166 average monthly revenue on Airbnb (entire home)
71 / 100 rental demand
98% are entire home rentals
$38K - properties with pools average $38K more per year
Sevierville is an increasingly popular short-term rental (STR) market. STR regulations and requirements vary by city, so please research or consult with local Sevierville websites for additional information.
What to see in near Sevierville
Historic Downtown Sevierville
At the heart of downtown Sevierville is the historic Sevier County Courthouse. The courthouse was built in 1895 and placed on the National Register of Historic Places in 1971. While the courthouse is the centerpiece, there are plenty of things to do in the walkable downtown. Enjoy the beautiful streetscapes while enjoying a great meal at the many restaurants, shopping at boutiques or specialty shops, relaxing at a salon or spa, or attending a downtown event.
Gatlinburg
Downtown Gatlinburg is only a short drive (25 minutes) from Sevierville. The Parkway cuts through central downtown Gatlinburg and features a walkable street lined with attractions, specialty shops, boutiques, and restaurants for a perfect weekend or vacation. The area is also family-friendly, featuring activities such as mini golf courses, escape rooms, a laser maze, and more.
Great Smoky Mountains National Park
It wouldn’t be a trip to Sevierville without making a trek to the country’s most visited national park. The Great Smoky Mountains straddle the border of North Carolina and Tennessee, stretching over 500,000 acres. Here, you can experience cascading waterfalls, roaming wildlife, diverse plant life, and expansive views—all on top of ample hiking opportunities.
The Apple Barn Cider Mill & General Store
The Apple Barn is a farm-to-table operation with an emphasis on local products. The Kilpatrick family has cared for the farm since the 1970s. Browse through the store and pick up food mixes or home décor to bring home, and then head over to the Cider Mill to taste hard ciders.
Hillside Winery
Hillside Winery in Sevierville brings the vineyards of Tuscany close to the Great Smoky Mountains. The low-key winery offers both Italian style and sweet, fruitful wines. Indoor and outdoor seating provides visitors with a stunning view of the Smoky Mountains.
Sevierville
Nearby cities / attractions
- Great Smoky Mountains – 30 minutes
- Knoxville – 30 minutes
- Gatlinburg, Tennessee – 30 minutes
- Asheville – 1 ½ hours
- Chattanooga – 2 hours
- Nashville – 3 hours
- Lexington, Kentucky – 3 hours
- Atlanta – 3 ½ hours
- Charlotte – 3 ½ hours
Sevierville co-buy opportunities
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1932 Cougar Crossing Way, Sevierville, TN 37876
Asking price: $575,000
Estimated down payment: $115,000
Estimated mortgage: $3,318/month
Estimated rental revenue: $4,056/month
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1363 W Lake Haven Way, Sevierville, TN 37876
Asking price: $649,900
Estimated down payment: $129,980
Estimated mortgage: $3,750/month
Estimated rental revenue: $5,221/month
513 Hideaway Ridge Circle, Sevierville, TN 37862
Asking price: $649,998
Estimated down payment: $130,000
Estimated mortgage: $3,751/month
Estimated Airbnb revenue: $5,223/month
Sources:
Sevierville Vacation and Airbnb Rental Data
Sevierville Housing Market Data
Nestment, Inc. does not guarantee and is in no way responsible for the accuracy of information provided in this blog post. All information is provided “AS IS” and with all faults. Data presented here may not reflect all real estate activity in the market. While the information on this site is about legal and tax issues, it is not intended as legal or tax advice or as a substitute for the particularized advice of your own attorney and tax professional.
