Morristown, AZ is a great place to live for those looking for more affordable housing than the U.S. median. The current median house value in Morristown is $396,000, which is substantially higher than the U.S. median of $338,100. However, what makes it attractive to potential home buyers is the 1-year appreciation rate of 11.29%, far exceeding the national average of 8.27%. This means that Morristown homes are increasing in value at a higher rate than homes across the United States, making it an excellent investment opportunity.
The median home cost in Morristown (zip 85342) is $396,000. Home appreciation the last 10 years has been 198.2%. Home Appreciation in Morristown (zip 85342) is up 21.9%.
Average Age of Homes
- The median age of Morristown (zip 85342) real estate is 30 years old
The Rental Market in Morristown (zip 85342)
- Renters make up 12.4% of the Morristown (zip 85342) population
- 0.0% of houses and apartments in Morristown (zip 85342), 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.