Cost of Living,
Morristown's Real Estate Market
Morristown Metro Area
Profile: Small town
Location: Eastern Tennessee, 50 miles east of Knoxville
Time zone: Eastern Standard Time
|Cost of living||Low educational attainment|
|Nearby recreation ||Isolation|
|Small town feel ||Arts and culture|
Morristown is a nondescript town located along I-81, a major transportation route. It sits at the northwestern base of the Great Smoky Mountains, east of Knoxville. Owing to a low-cost workforce and a central location relative to U.S. markets, the town has a diverse, industrial base of auto parts, furniture, office supplies and other manufacturing. Downtown is small, original, and has some historic interest.
An overhead sidewalk and “Skymart” was built in the late 1960’s, an unusual feature for this size of town. Recreational opportunities center on the large Cherokee Lake to the west and the Great Smoky Mountains National Park to the east. Knoxville provides some city amenities and services not available locally. Costs of living and housing are the biggest attraction.
Morristown is located in a flat, green valley nestled between the Appalachians to the east and Clinch Mountain to the west. The valley is a mix of open agricultural land and deciduous forest. The climate is mainly continental with some subtropical influence, giving variable weather with periods of summer heat and humidity. The angle of nearby mountains allows warm moist air to approach from the southwest, but the elevation keeps evenings relatively cool. Winters are cool and variable with some periods of snow, but accumulations seldom last.
Interesting Facts about Morristown, Tennessee
As of 2014, Morristown's population is 29,112 people. Since 2000, it has had a population growth of 2.27 percent.--------------------
The median home cost in Morristown is $106,900. Home appreciation the last year has been -1.40 percent.--------------------
Compared to the rest of the country, Morristown's cost of living is 14.40% Lower than the U.S. average.--------------------
Morristown public schools spend $8,706 per student. The average school expenditure in the U.S. is $12,435. There are about 16.8 students per teacher in Morristown.--------------------
The unemployment rate in Morristown is 6.50 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Morristown jobs have Increased by 0.05 percent.
Ranked #35 Emerging Metropolitan Areas
Ranked #286 Best Green Cities
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Average Commute time is 20 minutes. The National Average is 25 minutes.--------------------
Morristown's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes