Morristown, AZ is a great place to live with an impressive housing market. The median value of homes in Morristown is $240,200, which is significantly less than the US house median value of $338,100. However, the one year appreciation rate of houses in Morristown is 11.29%, which is higher than the US house appreciation rate of 8.27%. This makes Morristown an attractive option for people looking to invest in real estate. With its low cost of living and high appreciation rates, this small town has become increasingly popular among homebuyers in recent years.
The median home cost in Morristown is $240,200. Home appreciation the last 10 years has been 198.2%. Home Appreciation in Morristown is up 21.9%.
Average Age of Homes
- The median age of Morristown real estate is 37 years old
The Rental Market in Morristown
- Renters make up 18.8% of the Morristown population
- 0.0% of houses and apartments in Morristown, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.