Home prices
The cost of the median home in Morristown is $102,700. This is roughly $23,080 (18%) lower compared to its surrounding areas.In comparison to the country as a whole it is about $114,800 (52%) lower, and in comparison to the city of Cincinnati is about $35,300 (25%) lower.
Rents
In Morristown the median rent is $795 a month. Compared to other places in this area it is about $30 (3%) lower.In comparison to the entire country it is about $267 (25%) lower, and is roughly $57 (7%) higher in comparison to the city of Cincinnati.
Nearby places
Carthage
Carthage is roughly 7 miles northeast of Morristown. Real estate prices there are a bit less expensive. The median home in Carthage is valued at $81,700, which works out to $21,000 (25%) lower than Morristown. The rent there is similar. Carthage's median rent is $763 per month, which works out to $32 (4%) lower than Morristown.
Manilla
Manilla is about 7 miles southeast of Morristown. Its housing prices are a bit less expensive. The median home value in Manilla is $82,300, which works out to $20,400 (24%) lower than Morristown. The rent there is a little less expensive. In Manilla the median monthly rent is $643, which comes out to $152 (23%) lower than Morristown.
Greenfield
Greenfield is about 8 miles north from Morristown. The real estate prices there are a bit more expensive. The median home in Greenfield is valued at $139,000, which works out to $36,300 (26%) higher than Morristown. The rent there is a little more expensive. The median monthly rent in Greenfield is $867, which works out to $72 (8%) higher than Morristown.
New Palestine
New Palestine is approximately 9 miles west of Morristown. Its real estate prices are significantly more expensive. The median home in New Palestine costs $202,900, which comes out to $100,200 (49%) higher than Morristown. Rent there is somewhat more expensive. New Palestine's median monthly rent is $1,007, which works out to $212 (21%) higher than Morristown.
Fairland
Fairland is roughly 9 miles southwest from Morristown. Its real estate prices are a little more expensive. The value of the median home in Fairland is $123,000, which works out to $20,300 (16%) higher than Morristown. Its rents are a little more expensive. In Fairland the median rent is $846 a month, which works out to $51 (6%) higher than Morristown.
