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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 12.80% |
| Two Bedrooms | 34.10% |
| Three Bedrooms | 39.50% |
| Four Bedrooms | 9.30% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $72,800 |
| Median Price asked for vacant units | $65,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $313 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 4.10% |
| Simple Mortgage | 45% |
| Debt Free | 45.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
