Morristown Metro Area, TN Housing

The housing market in the Morristown, TN Metro Area is booming. The median value of a home is $230,400, which is significantly lower than the national median of $338,100. Over the last year, homes in this area have appreciated by 17.78%, much higher than the national rate of 8.27%. This indicates that investing in real estate in this area can be a great opportunity for potential homeowners and investors alike.

The median home cost in Morristown Metro Area is $230,400. Home appreciation the last 10 years has been 112.2%. Home Appreciation in Morristown Metro Area is up 26.4%.

Average Age of Homes

- The median age of Morristown Metro Area real estate is 35 years old

The Rental Market in Morristown Metro Area

- Renters make up 25.9% of the Morristown Metro Area population
- 1.6% of houses and apartments in Morristown Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Morristown, Tennessee	United States
	63,607.0	139,647,020.0
	36	42
	$230,400	$338,100
	26.4%	16.6%
	86.6%	57.0%
	112.2%	101.1%
	$5.36	$10.98
	$791	$2,690
	61.2%	57.4%
	14.7%	11.2%
	24.1%	31.4%
Vacant Housing
	1.6%	1.9%
	0.1%	0.4%
	0.8%	0.7%
	0.3%	0.4%
	4.7%	3.6%
	7.2%	4.1%
Value of Owner-Occupied Housing
	3.8%	2.6%
	2.8%	2.4%
	3.7%	2.8%
	5.8%	3.9%
	9.5%	4.5%
	24.8%	11.3%
	18.6%	13.0%
	15.2%	20.1%
	7.3%	13.6%
	3.2%	8.3%
	3.5%	9.7%
	0.4%	3.9%
	1.1%	2.2%
	0.2%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	13.5%	13.6%
	13.5%	13.6%
	22.1%	13.6%
	14.6%	13.2%
	16.2%	14.8%
	22.1%	13.6%
	7.4%	10.0%
	4.0%	4.7%
	5.2%	12.2%

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