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Morristown city, TN

ZIP 37814 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37814

Median Home Value
$192,200
Median Rent
$637
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,235/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

25.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 37814 in Morristown city, TN, a household would need roughly $53,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,235. That is roughly in line with the local median household income ($51,083). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
64.2%-2% vs US avg
x
Vacancy Rate
8.0%-22% vs US avg
x
Broadband Access
85.3%-2% vs US avg
x
4+ Bedrooms
3.0%-80% vs US avg
x
Built Pre-1939
4.0%-69% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
20.1%-59% vs US avg
x
Mortgage-Free
46.8%+22% vs US avg
x
$192,200
Home Value
$637
Rent
1980
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached65.8%
  • 1-unit attached3.5%
  • 2-9 units14.6%
  • 10+ units7.3%
  • Mobile home & other8.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$192,200
Median rent$637
Owner-occupied64.2%
Vacant8.0%
Price-to-income3.8x
Est. income to buy$53,000