Morristown, TN Real Estate

According to census data in the year 2000 there were 11,032 housing units in Morristown. This represents a 19.3% growth from 9,248 in 1990.

Of those housing units, 10,874 were located in either urbanized areas or urban clusters, and 158 were located in what is classified as a rural area.

Homeownership rate in Morristown is about 59%. Morristown's vacancy rate, including seasonal lodging, is about 6.5%. Average household size is 2.38 people.

The majority of houses, apartments or condos in Morristown were built after 1969.


Housing Size

Housing Units by Size
Studio Type1.40%
One Bedroom12.80%
Two Bedrooms34.10%
Three Bedrooms39.50%
Four Bedrooms9.30%
Five Bedrooms or more2.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.36
Median year structure was built1965
Median Value of occupied units$72,800
Median Price asked for vacant units$65,400

Rented Homes, Apartments and Condos

Average Household Size2.39
Median year structure was built1973
Median Monthly Rent asked for vacant units$313

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage5.30%
Home Equity Loan4.10%
Simple Mortgage45%
Debt Free45.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.4%