2026 Compare Cities Housing:
Richmond, VA vs Morristown, TN

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Highlights
- The median age of a home in Richmond is 27.0% older than the median age of a home in Morristown.
 Richmond, VAMorristown, TNUnited States
 Median Home Age63  Unlock42
 Median Home Cost  Unlock$215,900$338,100
 Home Appr. Last 12 months15.2%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock87.9%57.0%
 Home Appr. Last 10 yrs.93.9%  Unlock101.1%
 Property Tax Rate  Unlock$5.3$11.0
 Homes Owned38.9%  Unlock57.4%
 Housing Vacant  Unlock12.4%11.2%
 Homes Rented50.8%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Richmond, VAMorristown, TNUnited States
 Average Rent  Unlock$1,150$1,840
 Studio Apartment$1,140  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$660$1,180
 2 Bedroom Home or Apartment$1,320  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,170$1,860
 4 Bedroom Home or Apartment$2,080  Unlock$2,160
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 Vacant Housing
 Richmond, VAMorristown, TNUnited States
 Vacant For Rent  Unlock2.8%1.9%
 Vacant Rented1.3%  Unlock0.4%
 Vacant For Sale  Unlock0.8%0.7%
 Vacant Sold0.6%  Unlock0.4%
 Vacant Vacation  Unlock0.6%3.6%
 Vacant Other4.6%  Unlock4.1%
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 Owner-Occupied Housing Value
 Richmond, VAMorristown, TNUnited States
 Less Than $20,000  Unlock3.0%2.6%
 $20,000 to $39,9990.4%  Unlock2.4%
 $40,000 to $59,999  Unlock3.5%2.8%
 $60,000 to $79,9992.9%  Unlock3.9%
 $80,000 to $99,999  Unlock14.4%4.5%
 $100,000 to $149,99911.4%  Unlock11.3%
 $150,000 to $199,999  Unlock18.3%13.0%
 $200,000 to $299,99921.0%  Unlock20.1%
 $300,000 to $399,999  Unlock6.2%13.6%
 $400,000 to $499,9998.6%  Unlock8.3%
 $500,000 to $749,999  Unlock1.8%9.7%
 $750,000 to $999,9993.9%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.3%2.2%
 $1,500,000 to $1,999,9990.7%  Unlock0.8%
 $2,000,000 and over  Unlock0.0%1.1%
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 Housing Units By Year Built
 Richmond, VAMorristown, TNUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock7.2%13.6%
 2000 to 20095.3%  Unlock13.6%
 1990 to 1999  Unlock18.3%13.6%
 1980 to 19897.1%  Unlock13.2%
 1970 to 1979  Unlock16.8%14.8%
 1960 to 19695.8%  Unlock13.6%
 1950 to 1959  Unlock13.8%10.0%
 1940 to 19499.1%  Unlock4.7%
 1939 or Earlier  Unlock3.2%12.2%
Reviews for Richmond    109 Reviews

Over 4 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 5 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 5 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  More

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Reviews for Morristown    9 Reviews

I've lived here pretty much my whole life minus a year here and there. After seeing what other places are like, I see how bad this place is. Nothing to do, and  More

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I have lived in the Lakeway area my whole life ( I am in my late 40s ). While it was a one time the perfect area to live in, Morristown and its local leaders are ruining  More

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Over 14 years ago

I've lived here for about 22 yrs, the best of those being from age 5 to 18. Morristown is a great place to raise a family or retire to but if one is to "get  More

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