Morristown, TN — Momentum Score, Home Values & Best-For

All states·Tennessee·Morristown

Hamblen County · Morristown · population 32,994

First-time buyersInvestorsGrowing fast
Morristown, TN
Image: Wikipedia · Morristown, Tennessee
OverviewCost of livingMoving guide
View watchlist →
80
Hot
Momentum score · 0–100

Where Morristown stands

At or near all-time high. averaging 8.2% annual growth over 5 years. population growing 2.0% per year. rents up 6.3% in the last year.

Median home $268,046
1-year +3.9%
5-yr CAGR +8.2%
vs 5-yr peak +0.0%
Population +2.0%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-04$268k$118k$172k$225k$279k201620182020202220242026

Lifestyle scores

🚶
Walkability
32/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
22/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
97/100
Excellent for remote work
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$1,472/mo$1,262$1,415$1,56820242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent10610710020242026

Rent vs buy

Price-to-rent ratio: 15.2
Lean buy

At a 15.2 price-to-rent ratio, Morristown is in the 'depends on horizon' zone. Buy if you'll be there 5+ years and value flexibility on the home; rent if you might move, want zero maintenance friction, or expect rates to drop.

How the momentum score breaks down

methodology →
Home YoY
69 · w22%
Home 5-yr CAGR
80 · w22%
Distance from peak
90 · w18%
Population growth
80 · w16%
Rent YoY
85 · w12%
Home 10-yr CAGR
80 · w10%
Long thesis

Morristown has been growing population at 2.0% per year while home values compounded +8.2% annually. Demand-driven appreciation — the kind that persists as long as people keep showing up, which they currently are.

Short thesis

Morristown's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About Morristown

Morristown is a city in Hamblen County, Tennessee, with an estimated population of 32,994. The population has grown 2.0% per year on average between 2020 and 2024 — among the faster-growing communities in the state. The median home value in Morristown is $268,046 as of 2026-04, up 3.9% over the last 12 months. Over the last five years, home values have averaged +8.2% annual growth, with prices at or near the 5-year peak. Rents in Morristown average $1,472 per month, up 6.3% year-over-year. The composite momentum score is 80 of 100 (Hot). Buyers should expect competition and limited negotiation room in this market.

▲ Bull case

●Multi-year compounder: home values up an average 8.2% per year over the last 5 years — sustained, not a one-year pop.
●People are voting with their feet: population growing 2.0% per year since 2020 — that’s faster than ~80% of US cities.
●Quiet strength: +3.9% over the trailing year — not a melt-up, but the market is bid.
●Held the highs: currently +0.0% from the 5-year peak — this market refused to give back gains.
●Hot rental market: rents up 6.3% YoY — landlords have pricing power, supports new investment math.

▼ Bear case

○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Morristown (Wikipedia)

Morristown is a city in and the county seat of Hamblen County, Tennessee, United States. Morristown also extends into Jefferson County on the western and southern ends. The city lies within the Ridge and Valley region of the Appalachians, along Cherokee Lake on the Holston River. The city's population was recorded to be 30,431 at the 2020 United States census. It is the principal city of the Morristown Metropolitan Statistical Area, which encompasses Hamblen and Jefferson counties.. The Morristown metropolitan area is also part of the Knoxville-Morristown-Sevierville Combined Statistical Area.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

Playbook

Buyer

Expect competition, escalation clauses, and pressure to waive inspections. Make your strongest offer up front — Hot markets reward decisiveness, not negotiation. If you can't write a clean offer, you may not be the best fit for this market right now.

Seller

Price slightly above recent comps and let multiple offers work. Days-on-market should be short. Don't accept the first offer in the first 48 hours unless it's significantly above ask.

Investor

Cap rates are still workable thanks to a reasonable price-to-rent ratio. Buy-and-hold math works if the trend continues; underwrite a moderate slowdown to be safe.

Local safety & alerts

No active National Weather Service alerts for Hamblen County right now.

NWS active alerts (TN)Tennessee Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Hamblen County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Morristown

Tullahoma, TN76 · RisingAthens, TN77 · RisingManchester, TN79 · HotClinton, TN79 · Hot

Run the numbers for Morristown

ToolCan I afford Morristown?Income → city shortlistToolROI on a Morristown rentalCap rate, cash-on-cash, DSCRToolCompare Morristown to anywhereSide-by-side up to 3 citiesToolMorristown cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
47° / 28°
avg high / low
Summer (Jul)
88° / 68°
avg high / low
Sunny days/yr
207
~57% of year
Annual precip
54″ rain
5″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
High
Wildfire
Low
Earthquake
Moderate
Flood
Moderate

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Morristown listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local sports teams

Major professional teams the Morristown area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Local economy & environment

Humidity
71%
Humid climate
Median household income
$64,700
Tennessee state median
Top industries (state-level)
HealthcareMusic/EntertainmentManufacturing

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

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