Housing in Morristown, TN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$343,705
Median List Price
$292,450
Price Per Sq Ft
$190
Days on Market
43
Active Inventory
154
Months of Supply
5.5
Balanced market
Zillow Home Value
$262,761
ZHVI — January 2026
Zillow Rent Index
$1,483
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
21.4%
Off Market in 2 Weeks
30.9%
Sale-to-List Ratio
97.9%
Buyer's market
Market Activity
Source: RedfinHomes Sold
28
New Listings
43
Pending Sales
42
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$190
Median List $/SF
$202
Morristown vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Morristown is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$155,700
Median Rent
$855
Total Housing Units
13,867
Vacancy Rate
10.1%
Owner Occupied
53.3%
Renter Occupied
46.7%
Median Property Tax
$921
per year
Monthly Cost (w/ Mortgage)
$785
Housing Types
The current median sale price in Morristown, TN is $343,705 according to Redfin data. Homes spend a median of 43 days on the market. 21.4% of homes sold above asking price. The market has 5.5 months of supply. The median price per square foot is $190. Zillow's observed rent index is $1,483/month. About 53.3% of housing units are owner-occupied. The median year homes were built is 1977. There are 13,867 total housing units.