Those looking to invest in real estate should not overlook Pigeon Forge, TN. Though the 2000 census estimates the number of permanent Pigeon Forge residents at just over 5,000, the population during the popular summer months can soar to tens of thousands. Pigeon Forge has doubled in the last 25 years, and the real estate business is booming.A great number of people who buy Pigeon Forge real estate do so in order to rent out the property during the busy tourist season. Cabins of all sizes are .