Back to City Analysis

Morristown, TN | City Real Estate Market Analysis

Morristown, Hamblen County, Tennessee
City Analysis Real Estate Market TN Hamblen County
Morristown
Market Insight

Morristown, TN Investment Potential Analysis

Market analysis for Morristown, TN will appear here once data is available. This section will surface investment opportunities, risk assessments, neighbourhood trends, and local real estate insights specific to this market.

Avg. Home Value
🏠 Median residential property value in Morristown.
0.44%
Property Tax Rate
🏛️ Effective property tax rate for this market.
$33,217
Avg. Household Income
💵 Average annual household income in the area.
29,107
Population
👥 Total city population estimate.
Unemployment Rate
📊 Local unemployment vs. national benchmark.

Morristown, TN Real Estate Market Property Overview

  • Real estate market overview for Morristown, TN, Hamblen County
  • Population of 29,107
  • Average household income of $33,217
  • Property tax rate of 0.44%
  • Median resident age of 35.40

Property Details

City Morristown State Tennessee
County Hamblen Country USA
Population 29,107 Median Age 35.40
Avg. Household Income $33,217 Median Home Value N/A
Unemployment Rate N/A Property Tax Rate 0.44%
Top Industries N/A Economic Overview N/A
Coordinates 36.2043, -83.3001 Properties Listed 0

Model investment returns using Morristown, TN market data as defaults

25%
5.0%
30 years
0.44%
5 years
3.0%
Down Payment Amount:$125,000
Loan Amount:$375,000
Monthly Mortgage:$2,012
Monthly Tax:$490
Total Monthly Payment:$2,502
Monthly Cash Flow:$581
Cash on Cash Return:5.6%
Cap Rate:5.0%
Debt Coverage Ratio:1.23x
IRR (5 years):8.4%
Projected Property Value:$579,637
Total Equity:$234,891
📊Monthly Payment Analysis

Calculating...

💵Cash on Cash Return

Calculating...

🚀Internal Rate of Return

Calculating...

🏛️Property Tax Analysis

Calculating...

* Calculations use Morristown, TN median home value as the default purchase price. All figures are estimates only. Consult financial and legal professionals before investing.

Capital Allocation Comparison

Direct ownership vs. passive CRE platform exposure

Compare the same starting capital across two allocation paths: direct property ownership with operational responsibility, debt exposure, and single-asset concentration, versus a professionally managed REI Capital platform strategy built around institutional underwriting and a 9% target annual growth projection.

Direct Property Ownership
  • Concentrated exposure to one property and market
  • Debt service, refinancing, and rate sensitivity
  • Active leasing, vendor, and asset oversight
  • Vacancy, capex, and maintenance obligations
  • Illiquid exit process with timing risk
  • Transaction costs can compress realized returns
Projected direct ownership outcome Calculating…
VS
REI Capital Platform Exposure
  • Passive exposure without direct operator liability
  • Institutional underwriting and acquisition discipline
  • Professional asset management and reporting
  • Strategy designed to reduce single-asset concentration
  • 9% annual target growth projection for comparison
  • Curated deal flow with a passive capital framework
Projected platform exposure at 9% target Calculating…
Projected difference

Calculating the comparison…

* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.

Who This Is Designed For

Built for investors evaluating passive commercial real estate exposure

REI Capital is positioned for investors who want institutional-quality underwriting, disciplined capital deployment, and real estate exposure without managing the asset directly.

Accredited Investors

Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.

Family Offices

Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.

1031 Exchange Buyers

Compare direct replacement ownership against passive alternatives with reduced operational complexity.

High-Income Professionals

Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.

Where Your NOI Goes Each Month

* Distribution based on current inputs. Actual expenses may vary.

ROI Over Time: Direct Ownership vs REI Capital

* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.

Deployment Scenario Analysis

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Same starting capital. Compare a direct ownership path against passive capital deployment through REI Capital.

Direct ownership (3.8%–4.2% appreciation) REI Capital (9% target)

* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.

Allocation Rationale

Why sophisticated investors choose passive CRE exposure

Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies while reducing the operational burden of owning the property themselves.

  • Professional underwriting before capital deployment
  • Reduced exposure to single-asset operational demands
  • Access to institutional sourcing and asset management
  • Passive framework built for long-term capital strategy
  • Clearer comparison against direct ownership costs
  • Time-efficient exposure for qualified investors
Investor Materials

A more efficient way to deploy capital

The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, and investor onboarding process behind the 9% target projection.

  • Acquisition strategy & deal flow
  • Underwriting and risk framework
  • Platform team and execution process
  • Investor qualification and next steps
Access Investment Materials

For qualified investors · Private overview · PDF access

Investment Due Diligence For Morristown, TN Income Property

Key questions for informed investment decisions

What's the overall investment outlook for Morristown, TN, considering its demographic and economic trends? +
The city's median household income of $33,217, combined with a poverty rate of 27.1%, suggests a working-class market with potential for stable employment, especially given the strong presence of industries like Transportation & Warehousing and Public Administration. The relatively low average commute time of 21.1 minutes and high health insurance coverage rate of 81.4% also indicate a decent quality of life for residents, which could attract and retain tenants.
How does the ethnic diversity and industry mix in Morristown impact real estate demand? +
The diversity in Morristown, with top ethnicities including White, White Non-Hispanic, and Hispanic populations, can contribute to a vibrant community that attracts a wide range of residents. Coupled with the top industries being Transportation & Warehousing, Public Administration, and Finance & Insurance, this diversity suggests a stable and potentially growing demand for housing, as these sectors tend to provide a consistent workforce.
What are the implications of Morristown's poverty rate and health insurance coverage for real estate investors? +
The 27.1% poverty rate in Morristown, while significant, is somewhat mitigated by the 81.4% health insurance coverage, indicating that many residents have access to employment benefits or other forms of health insurance. This combination suggests a market where tenants may face financial challenges, but a notable portion of the population has some level of employment stability, which can be beneficial for investors looking for relatively stable rental income.
How do the commute times and transportation methods in Morristown affect the attractiveness of the area for investors? +
The average commute time of 21.1 minutes in Morristown, which is relatively short, and the top commute methods being driving alone, carpooling, and other methods, suggest that the city has decent transportation infrastructure. This can make the area more attractive to potential residents who value convenience and shorter commutes, thereby supporting demand for housing and potentially benefiting real estate investors.
What insights can be gleaned from Morristown's median property value, property taxes, and homeownership rate for investment purposes? +
The median property value of $110,700, combined with a median property tax of $5,948 and a homeownership rate of 51.5%, provides a mixed picture for investors. On one hand, the relatively affordable property values could offer opportunities for investment at a lower cost. On the other hand, the property taxes, while significant, and the homeownership rate suggest a balanced market where there is both room for rental properties and a sizable segment of the population that owns their homes, which can contribute to neighborhood stability.
What are some of the best neighborhoods to live in Morristown? +
Some of the best neighborhoods to live in Morristown, TN are Lochmere Drive, Springvale, Seven Oaks, Brookfield, Hickory Shadow, Huntington, and Lochmere. These neighborhoods offer a range of housing options and are considered desirable areas to live in the city.
What are some fun things to do in Morristown? +
There are plenty of fun things to do in Morristown, TN. You can visit the Briarwood Ranch Safari Park, Panther Creek State Park, or explore the downtown area. If you're looking for outdoor activities, you can enjoy boating, fishing, mountain biking, hiking, camping, and disc golf. The city also has a rich cultural scene, with historical sites, museums, and performance venues.
What is the food scene like in Morristown? +
The food scene in Morristown, TN is diverse and delicious. You can find classic Southern dishes at restaurants like Little Dutch Restaurant, or try some comfort food at The Woodshed or Davy Crockett Restaurant. There are also plenty of great food trucks and local eateries serving up everything from burgers to barbecue. If you're looking for something unique, you can check out the local farmers' market or try some of the city's famous cuisine, like fried chicken and country ham.
What are the pros and cons of living in Morristown? +
Living in Morristown, TN has its pros and cons. On the plus side, the city has a low cost of living, a strong sense of community, and plenty of outdoor recreational opportunities. However, the city also struggles with poverty and limited job opportunities. Additionally, some areas of the city may have higher crime rates or limited access to amenities. Overall, Morristown is a great place to live for those who value a small-town atmosphere and are looking for an affordable place to call home.
Is Morristown a good place to live? +
Morristown, TN is a good place to live for those who value a small-town atmosphere and are looking for an affordable place to call home. The city has a lot to offer, from its natural beauty and outdoor recreational opportunities to its rich cultural scene and historic downtown area. While it may have its challenges, Morristown is a great place to live for families, retirees, and young professionals alike. With its low cost of living, friendly community, and growing economy, Morristown is definitely worth considering as a place to live.

Things Near Morristown, TN

Metro Center Station

0.2 miles

Grand Central Market

0.4 miles

About Morristown

Morristown, TN is a city that tends to have a mix of opportunities and challenges for investors. With a population of 29,107 and a median age of 35.4, the city has a relatively young demographic. The median household income is $33,217, which is lower than the national average. However, the top industries in the city, including Transportation & Warehousing, & Utilities, Public Administration, and Finance & Insurance, & Real Estate & Rental & Leasing, suggest a diverse economy. The poverty rate of 27.1% is a concern, as it suggests some risk for investors. On the other hand, the average commute time of 21.1 minutes is relatively short, and the health insurance coverage rate of 81.4% is a positive indicator of the city's quality of life. The city's ethnic diversity, with 41.6% of the population identifying as White, 36.0% as White Non-Hispanic, and 11.1% as Hispanic, also suggests a vibrant and diverse community. The median property value of $110,700 and median property taxes of $5,948 are relatively affordable, which could be attractive to investors. However, the homeownership rate of 51.5% is lower than the national average, which could indicate some challenges in the housing market. Overall, Morristown, TN is a city that requires careful consideration of both the opportunities and challenges it presents. Investors should weigh the pros and cons carefully before making a decision. The city's foreign-born population is not available, but the top commute methods, including Drove Alone, Carpooled, and Other, suggest a city with a range of transportation options. With a GINI coefficient of 0.463, the city's income inequality is a concern, but the employed population of 10,606 suggests a relatively stable workforce.

Population 29,107
Median Age 35.40
Avg. Household Income $33,217
Investor Materials

Access the REI Capital investment overview

Review the acquisition strategy, underwriting framework, risk considerations, and investor onboarding process in one private PDF.

Access Investment Materials