Just got back from a 5 night trip to Pigeon Forge, TN. Grand total of the trip $4,200.
I haven't priced a Disney vaca for awhile but pretty sure a stay at Value resort with Dining plan would be close to that range for 5 nights. The only thing that would make it alot more expensive would be our plane tickets. So I complain about the price hikes and how expensive it is just like everyone else, but realistically it's probably in line with a lot of other vacation locations.
Sorry to hear you didn't find a lot of good values in Pigeon Forge...it really is a location that can cost a lot or a little, depending on how you plan, how you search for values, and how you like to vacation

...last year was definitely a great year to go b/c there were deals and values everywhere you looked!
Last year, for 6 days and 5 nights in early June (including one night at the waterpark), I spent $1800 total OOP for 6 (3 "adults"/3 kid-aged) for everything...the only "not available to others" discount I used was my timeshare, which cost me $600 in OOP maintenance costs that are included in the $1800 (vs the price of the rooms, which probably would have been double or close to $200/night + tax)...
What we got done for $1800...we missed mountain time due to a very rainy week - thus, you'll see more resort time...
Sun - Drive In - Resort Activity Time (air hockey, ping pong, mini golf)
Mon - Breakfast at Old Mill, Ripley's Aquarium (spent 3 hours), Hatfield McCoy dinner show 5pm, Resort Activity Time (Battleship, checkers, mini golf), Adult Moonshine Tasting
Tues - Forbidden Caverns, Lunch and Tour/Shopping of Bush's Bean Museum, Indoor Swim, Dinner at Applewood Farms, Old Smoky Mountain Opry 8pm
Wed - Resort Bingo Activity, Resort Activity Time Morning, Guinness Records Museum (2 hours), Wine Tasting (and walk of the "boardwalk"), Parent late afternoon at Books a Million, Steak and Shake Happy Hour Dinner, Applewood Creamery Ice Cream Outing and Shopping/Wine Tasting the complex, Magic Show with Darren Romeo 8:15pm
Thurs - Condo Swap, Ripley's 5d Theater, Lunch and Shopping at Old Mill, then total Waterpark Craziness all day, Taco Bell Dinner
Fri - Play Gym Morning, Check Out and Drive Home