Morrison, TN is a great place to buy a home. The median value of housing in Morrison is $244,500, which is much lower than the US house median value of $338,100. Additionally, the 1 year appreciation rate of the houses in Morrison is at 13.88%, which is higher than the US average 1 year appreciation rate of 8.27%. This makes Morrison an excellent option for anyone looking to invest in property as it has increasing values and affordable prices.
The median home cost in Morrison is $244,500. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Morrison is up 22.8%.
Average Age of Homes
- The median age of Morrison real estate is 39 years old
The Rental Market in Morrison
- Renters make up 44.3% of the Morrison population
- 2.1% of houses and apartments in Morrison, 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.