Located in a land of natural beauty, the former Cottonburg became Dry Prong in 1906 when the Dry Prong post office was moved to this location in order to be near the L&A Railroad. Dry Prong was named for its first location, the site of an early water grist mill built on a prong of Big Creek that went dry in the summer. The village was incorporated on June 4, 1947.