Morristown, Tennessee.
Typical home $263,450 (+2.5% in a year), asking rent $1,465 (-1.0%). Morristown, TN metro.
to buy the typical home at today's mortgage rate — +$776 (+128%) since Jan 2020.
- 1 year
- Up $6,513 +3%
- $256,936$263,450 since Sep 2025
- 5 years
- Up $67,365 +34%
- $196,085$263,450 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Morristown$1,383
- Tennessee$1,737
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Morristown, TN rose 2.5% over the past year — faster than the nation's +1.2%.
Asking rents in Morristown, TN fell 1.0% over the past year — slower than the nation's +2.7%.
Owning the typical home in Morristown runs $290/mo more than renting one. The gap peaked at $365 in Jan 2025.
That is $1,755 a month against $1,465 rent: a $1,383 mortgage payment, plus $90 property tax and $282 insurance & upkeep.
Owning vs renting — Morristown
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,755
- Renting$1,465
- Mortgage only$1,383
Property tax · $90/mo 0.41% of value a year — the ACS 2020-2024 median bill over the median home value for Hamblen County, TN
Insurance & upkeep · $282/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Morristown, Hamblen County, Tennessee
Morristown is a city of 30,431 people in Hamblen County. Half its households earn more than $47,917 a year and half less, against $55,454 across Hamblen County; 26% of its people live below the poverty line. 55% of its homes are lived in by their owners and 45% are rented. Unemployment in Morristown was 4.1% in August 2026, and Hamblen County had 1.2% fewer jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Morristown is a small city in Hamblen County, where incomes run below the county's and more people live below the poverty line than most would expect of a place this size. Slightly more homes are lived in by their owners than rented, though renters make up a large part of the community. Few adults hold a four-year degree, and the population is younger than in many American towns.
Work. Many residents work in manufacturing, in schools, hospitals and social care, in shops, and in restaurants and hotels. Among the largest workplaces in Morristown are Hamblen County Schools, Howmet - Morristown M1, and Morristown-Hamblen Hospital. Unemployment has edged up over the past year, and the county has fewer jobs than it did a year earlier. Most people get to work in a short drive, and very few work from home.
Things to do. Cherokee Lake, a reservoir, and Panther Creek State Park, a protected area, are both a short drive away, as is the Nolichucky River. A longer drive leads to Cherokee National Forest, a large protected area. Winters are cold, with a little snow, summers are warm, and rain falls steadily through the year.
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- 12,282households
- 15%of adults have a degree
- 26%below the poverty line
- 22 mintypical commute
- 3%work from home
What residents work in
Employed residents by industry, from the Census survey. Hamblen County had 33,121 jobs in 2025, 1.2% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 46° and lows near 27°; warmest in July, with highs near 86° and lows near 67°. About 9 inches of snow and 48 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Morristown Radio Wcrk weather station, 2 miles away (NOAA).
Largest workplaces in Morristown
- Hamblen County SchoolsSchool district1,319FTE
- Howmet - Morristown M1Nonclay refractories manufacturing1,073
- Eskola Roofing and WaterproofingRoofing contractors700
- Morristown-hamblen HospitalGeneral hospital636FTE
- Team Technologies, Inc. MorristownToothbrushes manufacturing592
- Walters State Community CollegeTwo-year college559
- Rich Products MorristownCroutons and bread crumbs made in commercial bakeries550
- Koch Foods DebonePoultry processing516
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 54 workplaces with 20 or more staff, 10,523 people in all. School districts come from the Common Core of Data (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LightningRelatively high
- EarthquakesRelatively moderate
- Strong windRelatively moderate
- TornadoesRelatively moderate
- Winter weatherRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Morristown’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Hamblen County and the Morristown, TN metro.
Morristown home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Morristown$263,450
- Tennessee$330,844
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Morristown listings, and the typical home goes pending in 32 days — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Morristown30.26%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Morristown32
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Morristown215
New listings per month
Sellers arriving at the market.
- Morristown47
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Morristown$254,240
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Morristown97.51%
Zip codes with a Morristown address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Morristown — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Morristown
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 37814 | Morristown | 35,239 | $1,379 | $281,977 |
| 37813 | Morristown | 18,288 | $1,496 | $227,478 |