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Advertise here →Morristown, TN · Market Data
Morristown, Tennessee real estate market data.
Real estate market data for Morristown, TN (Hamblen County) — Census median home value $155,700, county listing prices down about 1.7% over the past year.
Morristown, TN is in Hamblen County, Tennessee — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 30,983, with a median household income of $44,811. Census data puts Morristown's median home value at $155,700 (all owner-occupied homes); Hamblen County's current median listing price runs $387,449, down about 1.7% over the past year.
At a glance
Morristown market snapshot
Population
30,983
Median Household Income
$44,811
Median Home Value (city)
$155,700
Median Listing Price (Hamblen County)
$387,449
Median Gross Rent
$855/mo
Price Trend (YoY)
-1.7%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Morristown different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Morristown's median home value — across all owner-occupied homes, not just recent sales — at $155,700. Separately, Hamblen County's current median listing price (via Realtor.com data, 2026-06-01) runs $387,449. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Hamblen County's FHFA house price index shows a 1.67% annual change in 2025.
Population & Income
Morristown has an estimated population of 30,983 and a median household income of $44,811, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Morristown's Census-reported median home value works out to about 3.5x the area's median household income, and median gross rent runs roughly 23% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Morristown FAQ
What are home values like in Morristown, TN?
The Census Bureau's American Community Survey puts Morristown's median home value at $155,700. Hamblen County's current median listing price runs $387,449, down about 1.7% over the past year.
What is the population of Morristown, TN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Morristown's population at approximately 30,983.
What's the median rent in Morristown, TN?
The Census ACS estimates median gross rent in Morristown at approximately $855 per month.
What is the median household income in Morristown, TN?
Census ACS data puts the median household income in Morristown at approximately $44,811.
Is the Morristown housing market growing?
Hamblen County's FHFA house price index shows a 1.67% annual change in 2025.
Is Morristown, TN affordable relative to income?
Census ACS data puts Morristown's median home value at about 3.5 times the median household income, with median gross rent equal to roughly 23% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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