Rent to Own Homes in Pigeon Forge
Settled in the late 1700s, Pigeon Forge was named in 1820 after an iron forge and mill that was built on the banks of the Little Pigeon River. While the forge was dismantled in the 1880s, the Pigeon Forge Mill remains as a popular historic landmark. The town slowly developed around the forge and mill, though its isolation kept it from growing. The below results are primarily rent to own homes in Sevier County, TN:
Settled in the late 1700s, Pigeon Forge was named in 1820 after an iron forge and mill that was built on the banks of the Little Pigeon River. While the forge was dismantled in the 1880s, the Pigeon Forge Mill remains as a popular historic landmark. The town slowly developed around the forge and mill, though its isolation kept it from growing. The below results are primarily rent to own homes in Sevier County, TN:
With the creation of a state park and development of railroad in the Pigeon Forge Valley, it started to grow and was incorporated into a town in 1962. In 1964, the first tourist attraction was built, a Wild West-themed train ride, and the economy started to boom with tourism and brought forth the modern Pigeon Forge tourism industry. The owners of the Silver Dollar City theme park partnered with Dolly Parton to turn the park into Dollyworld, and from then, Pigeon Forge has grown into a huge tourist hot spot, drawing people from all over the world.
Residents of Pigeon Forge benefit from the tourist dollars. The Pigeon Forge City Park is a well-kept area that is perfect for activities and family gatherings. There is a large, modern library and high quality schools. Pigeon Forge is also conveniently located with Gatlinburg and Sevierville being just a few miles away, the large city of Knoxville is only a 30-minute drive.
Buying a Home in Pigeon Forge?
With a cost of living over ten percent below the national average, low unemployment, and a stable housing market, Pigeon Forge is a great town to buy a house in. The median house price is slightly higher than Tennessee’s average, at $174,000, but with values climbing, owning a home is an excellent investment in Pigeon Forge.
Buying vs Rent to Own Homes?
In order to qualify for a mortgage, you have to have clean credit and a large down payment saved up, which makes home ownership difficult for many. Renting to own makes home ownership a possibility, even if you don’t have a high credit score or you don’t have a down payment yet. When you rent to own, the money you pay in rent goes towards a down payment, while you get prepared to start the purchasing process. You can already be in the home of your dreams as you work to buy the home, saving you time in the process.
Summary Pigeon Forge, Tennessee is a lovely small town in the heart of the Smoky Mountains. Known for being the location of Dollywood, a popular theme park, Pigeon Forge has dozens of tourist attractions, outlet malls, hotels, and restaurants boosting the local economy. With a low cost of living, good schools, and a booming economy, Pigeon Forge is a great place to live and own a home.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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Reported Annual Crime In Pigeon Forge
Statistic | Pigeon Forge | Tennessee | National |
---|---|---|---|
Violent crime | 55 | 8,137 | 370,388 |
Murder | 0 | 1,107 | 19,131 |
Rape | 10 | 1,975 | 86,726 |
Robbery | 8 | 1,581 | 152,431 |
Assault | 37 | 7,292 | 277,038 |
Property crime | 486 | 33,486 | 1,216,038 |
Burglary | 92 | 9,474 | 468,957 |
Theft | 331 | 29,160 | 1,063,593 |
Motor vehicle | 63 | 5,780 | 301,970 |
Arson | 0 | 1,004 | 32,898 |