Morristown, TN Housing Market
Market data powered by Zillow Research. Last updated: 2026-04-02
Morristown, TN offers balanced conditions for buyers.
- •Prices are essentially flat (1.1% YoY) — good negotiating leverage for buyers.
- •Price-to-rent ratio: 16.1 — buying and renting are roughly comparable.
Median Home Value
$290,675
ZHVI
Year-over-Year
+1.1%
Price change
5-Year Change
+51.2%
Since 2021
Median Rent
$1,502/mo
ZORI
Active Listings
632
For sale
State Avg
$327,696
Tennessee
Home Value Trends
5-year Zillow Home Value Index for Morristown, TN vs. state and national averages.
Rent Data
Median Rent
$1,502/mo
Rent YoY Change
+3.2%
Other Markets in Tennessee
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.