Real Estate Investing in Morristown, Tennessee (37814)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37814 (Morristown, TN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.8% vacancy may signal weakening demand.
What’s happening in Morristown, TN (37814)?
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Market Analysis: 37814 Morristown
This part of Hamblen County is not an easy win. The 37814 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 37814 is significant only for operators who understand what they are buying. A $287K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
From a cash-flow lens, 37814 offers a low basis, the region around Morristown has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 37814 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 37814 is an operator game, not a passive one. Meanwhile, entry prices of $287K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Morristown:
Property Strategy for 37814
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $197,803 | $1,150 | 4.2% | +12.1% | $98,902 |
| 3BR | $299,145 | $1,460 | 3.5% | +11.0% | $99,715 |
| 4BR | $378,904 | $1,850 | 3.5% | +10.2% | $94,726 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37814 Compare?
| Metric | 37814 | Morristown | Morristown, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $286,771 | $129,816 | N/A | $327,001 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 7.7% |
| Avg Rent | $1,462 | $1,579 | N/A | - |
| Cap Rate | 4.0% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37814 (Morristown, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $286,771 |
| Monthly Rent | $1,462 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 37814
Population: 34,842
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 37814
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,195 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Morristown, TN?
Morristown, TN home values average about $287K. That price point suits investors targeting rentals with $1,462/mo in monthly income.
Which real estate strategy fits Morristown, TN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Morristown, TN. The numbers - $287K homes against $1,462/mo rents - support that play.
Should investors consider Morristown, TN?
The 3.0/5 investability rating in Morristown, TN reflects its $287K prices and $1,462/mo rents. Investors generally consider it a solid option within TN.
Is vacancy a concern in Morristown, TN?
Rental vacancy in Morristown, TN is elevated. Investors should budget normal turnover but not chronic empty units.
Is TN a landlord-friendly state?
The landlord environment in Morristown, TN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 37814 now. You don’t know where it ranks.
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How 37814 ranks in Morristown, TN
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