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Morristown Metro Area Housing

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As of 2010-2014, median price of a house in Morristown Area is $123,700, which is lower than the state average of $139,900 and is lower than the national average of $175,700. The median year that a house in Morristown Area was built is 1981, which is about the same as the median year for a house built in the state which is 1981 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 31,303 Owner Occupied Houses in Morristown Area, #435

Morristown Area	123,700 USD
Tennessee	139,900 USD
U.S.	175,700 USD

Median House Price Growth Since 2005-2009, see rank

Morristown Area	11.24%
Tennessee	50.43%
U.S.	46.91%

*The Morristown Area median house price growth rate is since 2005-2009. The Tennessee and U.S population growth rate is since 2000.

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Morristown Area	Tennessee	U.S.
Total Housing Units	50,587, see rank, 100%	2,839,142	132,741,033
Occupied Housing Units	44,380, 87.73%, see rank	87.61%	87.55%
Owner Occupied	31,303, 61.88%, see rank	58.82%	56.34%
Renter Occupied	13,077, 25.85%, see rank	28.79%	31.21%
Vacant Housing Units	6,207, 12.27%, see rank	12.39%	12.45%
For Rent	923, 1.82%, see rank	2.61%	2.34%
For Sale Only	620, 1.23%, see rank	1.32%	1.20%
Rented or Sold, Not Occupied	224, 0.44%, see rank	1.07%	0.92%
For Seasonal, Recreational, or Occasional Use	1,773, 3.50%, see rank	2.44%	3.97%
For Migrant Workers	25, 0.05%, see rank	0.02%	0.03%
Other Vacant	2,642, 5.22%, see rank	4.93%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #216

Morristown Area	Tennessee	U.S.
1981	1981	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Morristown Area	%	Tennessee	U.S.
Owner-Occupied Units	31,303	100%	1,669,953	74,787,460
With a Mortgage	17,507	55.93%, see rank	61.60%	65.58%
Without a Mortgage	13,796	44.07%, see rank	38.40%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Morristown Area	997 USD
Tennessee	1,197 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Morristown Area	%	Tennessee	U.S.
$299 or Less	37	0.21%, see rank	0.28%	0.20%
$300 to $499	527	3.01%, see rank	2.56%	1.59%
$500 to $699	2,012	11.49%, see rank	8.39%	5.01%
$700 to $999	6,228	35.57%, see rank	23.06%	14.32%
$1,000 to $1,499	5,442	31.08%, see rank	34.56%	27.90%
$1,500 to $1,999	2,091	11.94%, see rank	16.87%	20.35%
$2,000 to $2,999	944	5.39%, see rank	10.45%	19.52%
$3,000 or More	226	1.29%, see rank	3.83%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Morristown Area	22.50% of the Total Income
Tennessee	22.70% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Morristown Area	%	Tennessee	U.S.
10% or Less	1,074	6.13%, see rank	6.05%	5.86%
10% to 20%	6,245	35.67%, see rank	34.78%	31.95%
20% to 30%	4,600	26.28%, see rank	28.01%	27.64%
30% to 40%	1,970	11.25%, see rank	12.76%	13.74%
40% or More	3,484	19.90%, see rank	17.77%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Morristown Area	325 USD
Tennessee	359 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Morristown Area	%	Tennessee	U.S.
$199 or Less	1,848	13.40%, see rank	10.63%	7.76%
$200 to $299	3,840	27.83%, see rank	23.38%	14.70%
$300 to $499	6,256	45.35%, see rank	42.62%	34.63%
$500 to $699	1,396	10.12%, see rank	15.15%	21.16%
$700 or More	456	3.31%, see rank	8.22%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Morristown Area	11.30% of the Total Income
Tennessee	11.00% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Morristown Area	%	Tennessee	U.S.
10% or Less	6,095	44.18%, see rank	45.34%	40.19%
10% to 20%	4,192	30.39%, see rank	31.24%	31.47%
20% to 30%	1,715	12.43%, see rank	10.84%	12.24%
30% to 40%	629	4.56%, see rank	4.71%	5.64%
40% or More	1,004	7.28%, see rank	6.65%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Morristown Area	Tennessee	U.S.
Total Housing Units	50,587, 100%	2,839,142	132,741,033
1-unit, Detached	35,051, 69.29%, see rank	68.74%	61.65%
1-unit, Attached	829, 1.64%, see rank	3.11%	5.82%
2 Units	2,028, 4.01%, see rank	3.00%	3.75%
3 or 4 Units	1,491, 2.95%, see rank	3.14%	4.43%
5 to 9 Units	1,503, 2.97%, see rank	4.62%	4.78%
10 or More Units	1,419, 2.81%, see rank	7.73%	13.08%
Mobile Home, Boat, RV, Van, etc.	8,266, 16.34%, see rank	9.67%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Morristown Area	Tennessee	U.S.
Total Housing Units	50,587, 100%	2,839,142	132,741,033
1 Room	239, 0.47%, see rank	1.08%	1.95%
2 Rooms	360, 0.71%, see rank	1.43%	2.48%
3 Rooms	2,320, 4.59%, see rank	6.75%	9.13%
4 Rooms	9,603, 18.98%, see rank	16.35%	16.60%
5 Rooms	14,344, 28.36%, see rank	22.36%	20.41%
6 Rooms	8,942, 17.68%, see rank	19.26%	18.06%
7 Rooms	6,269, 12.39%, see rank	13.02%	12.27%
8 Rooms	3,858, 7.63%, see rank	8.63%	8.48%
9 Rooms or More	4,652, 9.20%, see rank	11.12%	10.60%
Median Rooms	5.40, see rank	5.60	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Morristown Area	Tennessee	U.S.
Total Housing Units	50,587, 100%	2,839,142	132,741,033
No Bedroom	254, 0.50%, see rank	1.18%	2.17%
1 Bedroom	2,059, 4.07%, see rank	7.78%	11.16%
2 Bedrooms	15,016, 29.68%, see rank	26.67%	26.69%
3 Bedrooms	26,108, 51.61%, see rank	46.66%	39.70%
4 Bedrooms	5,789, 11.44%, see rank	14.27%	16.05%
5 or More Bedrooms	1,361, 2.69%, see rank	3.44%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Morristown Area	Tennessee	U.S.
Total Housing Units	44,380, 100%	2,487,349	116,211,092
Utility Gas	6,265, 14.12%, see rank	33.15%	48.85%
Bottled, Tank, or LP Gas	1,549, 3.49%, see rank	4.33%	4.86%
Electricity	35,278, 79.49%, see rank	59.47%	36.68%
Fuel Oil, Kerosene, etc.	164, 0.37%, see rank	0.47%	5.86%
Coal or Coke	22, 0.05%, see rank	0.04%	0.12%
Wood	920, 2.07%, see rank	2.14%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	46, 0.10%, see rank	0.11%	0.47%
No Fuel Used	136, 0.31%, see rank	0.27%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Morristown Area	Tennessee	U.S.
Occupied Units Paying Rent	11,615, 100%	747,962	39,201,928
$199 or Less	164, 1.41%, see rank	2.40%	1.50%
$200 to $299	604, 5.20%, see rank	4.03%	3.18%
$300 to $499	1,651, 14.21%, see rank	10.84%	7.37%
$500 to $699	4,574, 39.38%, see rank	24.36%	16.01%
$700 to $999	3,481, 29.97%, see rank	35.12%	29.17%
$1,000 to $1,499	919, 7.91%, see rank	18.39%	26.88%
$1,500 to $1,999	168, 1.45%, see rank	3.36%	9.79%
$2,000 or More	54, 0.46%, see rank	1.49%	6.10%
Median	$647, see rank	$757	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Morristown Area	Tennessee	U.S.
Occupied Housing Units	44,380, 100%	2,487,349	116,211,092
No Vehicles Available	2,598, 5.85%, see rank	6.39%	9.12%
1 Vehicles Available	12,947, 29.17%, see rank	32.88%	33.80%
2 Vehicles Available	17,122, 38.58%, see rank	38.26%	37.48%
3 or More Vehicles Available	11,713, 26.39%, see rank	22.47%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.