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The median home value in Morristown, TN is $268,198 as of 2026-07-31, up 4.18% from a year earlier.
Median Home Value
$268,198
Year-over-Year
+4.18%
Population
32,660
Morristown ranks #56 of 89 Tennessee cities tracked here by median home value, and sits 15.1% below the state's city median of $315,874. It sits in Hamblen County, where the county-wide median is $274,494.
Median household income in Morristown is $47,917, so the typical home value is about 5.6× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
Morristown police recorded a violent crime rate of 766 per 100,000 residents in 2024 — higher than most cities that report to the FBI. Property crime runs at 2,471 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Morristown, that value is $268,198. That's up 4.18% from a year earlier. It is about 15.1% below the typical Tennessee city tracked here.
Homes in Morristown are cheaper than Hamblen County as a whole, where the median is $274,494 — a difference of about 2.3%.
Median household income here is $47,917, so the typical home value is about 5.6× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Morristown police reported 766 violent crimes per 100,000 residents, covering a population of about 32,660. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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