Investor-grade market analytics for Morristown, Tennessee. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through July 2026.
$301,469
+3.3% year-over-year
6.1%
gross annual
+3.3%
base case (Zillow ZHVF)
+3.3% year-over-year
20/100
Very LowNet migration: Top 15% nationally
In-migrants avg $52,375 AGI vs out-migrants $47,252
Opportunity Zone Market
3 ZIP codes in Morristown are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Morristown, TN shows steady growth at 3.3% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability is moderately stretched with a price-to-income ratio of 5.19x, above the national average of 4.8x. Modest net positive migration (+324 returns/year) provides steady demand support. Climate risk remains low (20/100), favorable for long-term investment stability. Rental yield of 6.1% is strong, making this market attractive for buy-and-hold investors.
12-month projection (Zillow ZHVF model)
Morristown, TN's primary climate exposure is tornadoes (25/100). The composite climate risk score of 20/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.