Median real estate price in the City Center of Morristown is $122,642, which is more expensive than 43.3% of the neighborhoods in Tennessee and 27.3% of the neighborhoods in the U.S.
The average rental price in Morristown City Center is currently $800, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.8% of Tennessee neighborhoods.
Morristown City Center is a suburban neighborhood (based on population density) located in Morristown, Tennessee.
Real estate in the City Center of Morristown, TN is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Morristown City Center. The current real estate vacancy rate here is 17.4%. This is higher than the rate of vacancies in 80.3% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.