Zip 37813 (Morristown, TN) Housing

The housing market in Morristown, TN (37813) is currently thriving with a median value of $167,700. This is significantly lower than the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, whereas house appreciation in Morristown over the last year has been 21.68%. Therefore, it can be concluded that Morristown's housing market is considerably hot and increasingly desirable for potential home owners or investors.

The median home cost in Morristown (zip 37813) is $167,700. Home appreciation the last 10 years has been 114.6%. Home Appreciation in Morristown (zip 37813) is up 27.0%.

Average Age of Homes

- The median age of Morristown (zip 37813) real estate is 44 years old

The Rental Market in Morristown (zip 37813)

- Renters make up 34.4% of the Morristown (zip 37813) population
- 1.1% of houses and apartments in Morristown (zip 37813), 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
	7,546.0	139,647,020.0
	48	42
	$167,700	$338,100
	27.0%	16.6%
	87.9%	57.0%
	114.6%	101.1%
	$5.65	$10.98
	$668	$2,690
	59.6%	57.4%
	12.4%	11.2%
	28.0%	31.4%
Vacant Housing
	1.1%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.4%	0.4%
	0.1%	3.6%
	10.5%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	2.2%	2.4%
	5.4%	2.8%
	8.7%	3.9%
	17.9%	4.5%
	34.8%	11.3%
	11.4%	13.0%
	11.2%	20.1%
	3.6%	13.6%
	0.8%	8.3%
	1.2%	9.7%
	0.0%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	6.7%	13.6%
	6.7%	13.6%
	15.9%	13.6%
	14.1%	13.2%
	16.4%	14.8%
	15.9%	13.6%
	14.9%	10.0%
	9.3%	4.7%
	1.5%	12.2%

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