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Morristown, TN
Full City Profile · Tennessee · Hamblen County County
2.7
/5.0
C+
Fair
30,983
Population
1,111/sq mi density
$44,811
Median Income
$26,785 per capita
$155,700
Home Value
$263,589 Zillow
$855
Median Rent
30.5% income on rent
57°F
Avg Temperature
305 sunny days/yr
849
Violent Crime/100K
4,736 property/100K
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$44,811 median income, 4.4% unemployment
A+
Affordability
4.7 / 5.0
$155,700 home value, $855/mo rent
F
Safety
1.0 / 5.0
849 violent crimes/100K (123% above avg)
C
Education
2.2 / 5.0
14.7% bachelor's degree or higher
Housing Overview
Median Home Value
$155,700
45% below
US avg: $281,900
Median Rent
$855/mo
26% below
US avg: $1,163/mo
Homeownership Rate
53.3%
19% below US avg (65.4%)
Total Housing Units
13,752
Median year built: 1976
Home Value by Source
Census Median
$155,700
Zillow (ZHVI)
$263,589
Median Sale Price
$312,000
Median List Price
$269,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
53.3%
Owner-Occupied
46.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$882/mo
1 Bedroom
$924/mo
2 Bedroom
$1,118/mo
3 Bedroom
$1,445/mo
4 Bedroom
$1,644/mo
Census median rent:
$855/mo
· Zillow rent:
$1,406/mo
Market Indicators (Redfin)
Median Days on Market
70 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
39
Price Drops
24.3%
of listings with price reduction
Price Per Sq Ft
$161
Active Inventory
148
homes for sale
Affordability & Housing Stock
Rent Burden
30.5%
of renters spending 30%+ of income on housing
2% below US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
53.3%
Complete Housing Data
Home Values
| Census Median Value | $155,700 |
| Zillow Home Value (ZHVI) | $263,589 |
| Median Sale Price | $312,000 |
| Median List Price | $269,450 |
| Price Per Sq Ft | $161 |
Rent
| Census Median Rent | $855 |
| Zillow Rent (ZORI) | $1,406 |
| FMR Studio | $882 |
| FMR 1-Bedroom | $924 |
| FMR 2-Bedroom | $1,118 |
| FMR 3-Bedroom | $1,445 |
| FMR 4-Bedroom | $1,644 |
Market
| Days on Market | 70 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 24.3% |
| Homes Sold | 39 |
| Active Inventory | 148 |
| Price Per Sq Ft | $161 |
Ownership & Stock
| Owner-Occupied | 53.3% |
| Renter-Occupied | 46.7% |
| Homeownership Rate | 53.3% |
| Total Housing Units | 13,752 |
| Median Year Built | 1976 |
| Rent Burden | 30.5% |