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Affordable
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These days, finding an affordable place to live in the Morristown area can be challenging. Home prices in Morristown are now at a median cost of $208,153, lower than the Tennessee average of $315,131.
The average cost of rent is $907/mo in Morristown, primarily driven by the current value of real estate in the Morristown area. In Morristown, 33.28% of households rent, and 51.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morristown is $4,905 per month. Households that rent pay about 18.49% of their income on rent here. Morristown’s most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lakemoore, TN: less expensive homes
- Russellville, TN: higher priced homes
- Point Pleasant, TN: less expensive homes
- Helton, TN: higher priced homes
- Silver City, TN: higher priced homes
- Bean Station, TN: less expensive homes
- Talbott, TN: equally priced homes
- Wyatt Village, TN: less expensive homes
- Wa-Ni Village, TN: higher priced homes
- Tate Springs, TN: less expensive homes
Cities with Similar Populations
- Bluffton, SC: higher priced homes
- Sicklerville, NJ: higher priced homes
- Aliso Viejo, CA: higher priced homes
- New Castle, PA: less expensive homes
- Ocoee, FL: higher priced homes
- Opa-Locka, FL: higher priced homes
- Panorama City, CA: higher priced homes
- Parkway, CA: higher priced homes
- Portage, MI: higher priced homes
- Poway, CA: higher priced homes
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