Morristown, IN has an impressive median housing value of $212,300, which is significantly lower than the national median of $338,100. It also has a higher 1 year house appreciation rate of 13.55%, compared to the US 1 year house appreciation rate of 8.27%. This makes Morristown an attractive option for potential homeowners looking for a place to settle down in. The high appreciation rate shows that homes in Morristown have seen a much higher increase in value than those around the nation.
The median home cost in Morristown is $212,300. Home appreciation the last 10 years has been 95.7%. Home Appreciation in Morristown is up 17.9%.
Average Age of Homes
- The median age of Morristown real estate is 44 years old
The Rental Market in Morristown
- Renters make up 30.8% 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.