Real Estate Investing in Morristown, Tennessee

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

4 ZIP codes • Population: 52,321 • Hamblen County

☆ Watch this market Free account

Should you buy in Morristown, TN? Our answer, based on the numbers below.

🏠 For Homebuyers
GREAT FIT
Grade A (86/100)

Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 9.3% vacancy may signal weakening demand.

What’s happening in Morristown, TN?

Click any question — our AI will research it live from the web and show you sources.

✨ Live AI + Web Search
Want to ask your own questions? Upgrade to Pro for unlimited custom queries.
3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $129,816
Avg Monthly Rent $1,579
ZIP Codes 4

Investing in Morristown Real Estate

Morristown (Tennessee) spans 4 ZIPs and roughly a sizable population. firmly the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

Across Morristown's 4 ZIPs, fundamentals run tepid: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

firmly Morristown's sale market has not rewarded patience. better suited elsewhere for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

Distressed-leaning demographics in Morristown — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
Open the Market Finder →
Free to search · investor plans from $19/mo

Best ZIP codes in Morristown, TN

Morristown is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Morristown, TN. Anonymous, moderated, never written by AI.

Do you own or manage rentals in Morristown, TN?

~25 seconds · no account needed · your report is anonymous

Avg Home Value
$129,816
Avg Monthly Rent
$1,579
1% Rule
✓ Passes
Landlord Friendly (TN)

📉 Market Crash Risk Index

Based on Morristown, TN metro

4/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
64%
Days Pending
2/2
72 days

View all metro crash risk rankings →

❄️ Cool Market — Morristown, TN metro
72
Days to pending
9.9%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

🎓 Colleges & Universities in Morristown

2 Colleges 6,547 Students 2,195 Off-Campus Renters
C+
Tennessee College of Applied Technology-Morristown
2-Year Public · 714 students
📍 ~428 students rent off-campus
C
Walters State Community College
2-Year Public · 5,833 students
📍 ~1,767 students rent off-campus

Investor Insight: With 2,195 students living off-campus, Morristown has substantial rental demand from the college population — typically stable, lease-renewing tenants.

ZIP Codes in Morristown, TN

Screen every ZIP in Morristown

Filter Morristown’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

View Plans

Frequently Asked Questions About Morristown, TN

What type of investing works in Morristown, TN?

In Morristown, TN the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $130K prices and $1,579/mo rents suits that approach.

Are tenants stable in Morristown, TN?

The tenant pool in Morristown, TN is solid, supported by local employment and population fundamentals. Rents of $1,579/mo are well-absorbed by the market.

Is real estate in Morristown, TN a good investment right now?

Investors tracking Morristown, TN will find a 3.0/5 rating supported by $130K median home values and $1,579/mo rents. That profile suits long-term holders targeting measured returns.

Is vacancy a concern in Morristown, TN?

Occupancy in Morristown, TN runs predictable with elevated vacancy. Well-priced units at $1,579/mo lease on reasonable timelines.

How much does a house cost in Morristown, TN?

Median home price in Morristown, TN is near $130K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.

Community Ratings

What people who’ve spent time here actually say. Not paid reviews.

Be the first to rate Morristown, TN.

It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.