Home prices
The median home cost in Morristown is $115,900. Compared to the surrounding areas this is about $29,140 (20%) lower.It is roughly $101,600 (46%) lower compared to the United States as a whole, and in comparison to the city of Knoxville it is about $20,400 (14%) lower.
Rents
In Morristown the median monthly rent is $731. Compared to nearby areas this is roughly $99 (15%) higher.In comparison to the United States as a whole it is about $331 (31%) lower, and in comparison to the city of Knoxville is approximately $114 (13%) lower.
Nearby places
White Pine
White Pine is Morristown's neighbor to the south. Its real estate prices are similar. The median home value in White Pine is $122,000, which is $6,100 (5%) higher than Morristown. Its rents are a bit less expensive. In White Pine the median rent is $559 a month, which works out to $172 (30%) lower than Morristown.
Jefferson City
Jefferson City is Morristown's neighbor to the southwest. Real estate prices there are somewhat more expensive. The median home price in Jefferson City is $127,400, which comes out to $11,500 (9%) higher than Morristown. Rent there is somewhat less expensive. The median monthly rent in Jefferson City is $657, which works out to $74 (11%) lower than Morristown.
Bean Station
Bean Station is approximately 9 miles north from Morristown. Its housing prices are a bit more expensive. The median home cost in Bean Station is $123,500, which is $7,600 (6%) higher than Morristown. Rents there are a bit less expensive. In Bean Station the median monthly rent is $630, which works out to $101 (16%) lower than Morristown.
Baneberry
Baneberry is roughly 11 miles south from Morristown. Its housing prices are substantially more expensive. The median home in Baneberry is valued at $253,800, which comes out to $137,900 (54%) higher than Morristown. The rent there is pretty similar. The median monthly rent in Baneberry is $738, which is very similar to Morristown.
Bulls Gap
Bulls Gap is roughly 11 miles east from Morristown. Housing prices there are a little less expensive. The median home in Bulls Gap costs $98,500, which works out to $17,400 (17%) lower than Morristown. Rents there are somewhat less expensive. In Bulls Gap the median rent is $575 a month, which comes out to $156 (27%) lower than Morristown.
