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Example household · $83,730 · same pay · 1 adult

Morristown

Housing in Morristown, TN: Rent, Home Prices & Property Tax

$2,848 left/mo

$879/mo (1 bd) in Morristown. Median home $198,000. Property tax 0.46%.

Pick a home cityHow we figure this
Rent (1-bedroom)
$879
/mo
Buy
$1,337
Mortgage, tax, insurance
Buying costs more
$458
/mo

To buy

  • 20% down payment$39,600
  • Mortgage at 7.24%$1,079
  • Property tax (0.46% of value)$76/mo · $911/yr
  • Insurance and upkeep$182
  • Monthly total$1,337

Months to 20% down

$2,848 left each month. About 14 months (1.2 years) to save $39,600.

Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.

Guide: state tax and rent when you compare cities

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