What is the median home price in Morristown?

The median home price in Morristown, Morristown city, Tennessee is $137,100, which is 51% below the national average of 281,900 ($281,900).

Morristown, Morristown city, Tennessee has a violent crime rate of 2.5 per 1,000 residents, which is 31% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 4.0 per 1,000 residents.

What is the Walk Score for Morristown?

Morristown, Morristown city, Tennessee has a Walk Score of 0 out of 100, classified as "Almost All Errands Require a Car." The national average Walk Score is 48/100. The bike score is 14/100.

What is the median household income in Morristown?

The median household income in Morristown, Morristown city, Tennessee is $39,547, which is 47% below the national average of 74,580 ($74,580).

What is the average rent in Morristown?

The median rent in Morristown, Morristown city, Tennessee is $1,363 per month. The national average median rent is $1,163/month.

What is the air quality in Morristown?

Morristown, Morristown city, Tennessee has an Air Quality Index (AQI) of 43, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Morristown?

The population of Morristown, Morristown city, Tennessee is approximately 30,574. The homeownership rate is 90.0% (national average: 65.9%).

What are the climate risks in Morristown?

Morristown, Morristown city, Tennessee has an overall climate risk rating of "Relatively Low" with a risk score of 48.34. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Is Morristown affordable?

Morristown, Morristown city, Tennessee has an affordability index of 102, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 12.3¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Morristown?

The unemployment rate in Morristown, Morristown city, Tennessee is 8.1%. The national average unemployment rate is 3.7%. The poverty rate is 25.7% (national average: 12.4%).

Morristown

Morristown city, Tennessee

Affordable

About Morristown

Alright, let me give you the lowdown on Morristown, Tennessee. Nestled in the foothills of the Smokies, Morristown offers a refreshing alternative to the hustle and bustle of larger cities. Imagine a place where a home costs around $137,100, a far cry from the national median. This affordability translates to a relaxed lifestyle, where your hard-earned money stretches further, allowing you to enjoy more of what life has to offer. The town has a close-knit feel, with a population just over 30,000, creating a welcoming atmosphere where neighbors know each other and community events are a regular occurrence.

From an investor's standpoint, Morristown presents a compelling case. While the median household income hovers around $39,547, the cost of living is exceptionally low, making it a great place to buy and rent. The town boasts a low crime rate, and the pace of life lends itself to a sense of safety and tranquility. The market here is primed for those seeking a practical investment or a peaceful place to call home, especially for first-time buyers, retirees, or anyone looking to escape the high costs of urban living while still enjoying access to outdoor recreation and the charm of small-town America.

Morristown, Tennessee at a Glance

Morristown is a city in Morristown city, Tennessee with a population of approximately 30,574. The median home value is $137,100 and the median household income is $39,547. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 2.5 per 1,000 residents, which is 31% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Low." Median rent is $1,363 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.