What is the median rent in Morristown, TN?
The median gross rent in Morristown, TN is $882 (±$65) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 5,363 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Morristown, the median gross rent went from $731 in 2015–2019 to $882 in 2020–2024 (+20.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $882 (±$65)
- Rented homes
- 5,363 (±533)
- $2,000 or more
- 4.0%
- Since 2015–2019
- +20.7%
How much rent costs in Morristown
| Monthly gross rent | Morristown | Hamblen County | Tennessee | United States |
|---|---|---|---|---|
| Less than $500 | 18.3% (±5.4 points) | 14.8% | 7.8% | 6.3% |
| $500 to $999 | 47.1% (±7.5 points) | 54.0% | 28.5% | 20.2% |
| $1,000 to $1,499 | 25.2% (±5.7 points) | 21.8% | 33.0% | 28.1% |
| $1,500 to $1,999 | 5.4% (±3.2 points) | 6.0% | 19.0% | 21.1% |
| $2,000 to $2,499 | 4.0% (±2.7 points) | 3.5% | 7.5% | 12.0% |
| $2,500 to $2,999 | 0.0% (±0.8 points) | 0.0% | 2.3% | 5.5% |
| $3,000 or more | 0.0% (±0.8 points) | 0.0% | 1.8% | 6.8% |
The most common range is $500 to $999, paid by 47.1% of renting households.
4.0% of rented homes in Morristown cost $2,000 or more a month.
Morristown against Hamblen County, its state and the nation
| Morristown | Hamblen County | Tennessee | United States | |
|---|---|---|---|---|
| Median gross rent | $882 (±$65) | $857 (±$37) | $1,189 (±$7) | $1,413 |
| Rented homes paying rent | 5,363 (±533) | 7,475 (±708) | 867,741 (±7,411) | 42,849,984 |
In Morristown, median gross rent is not measurably different from Hamblen County ($857).
It is also lower than in Tennessee ($1,189).
It is lower than the national figure ($1,413).
Statewide, it ranks 164 of 376.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Morristown has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $731 (±$46) | $882 (±$65) | +20.7% | No measurable change after inflation |
| Households that rent | 49.8% (±2.5 points) | 45.1% (±4.1 points) | −4.7 percentage points | Not a measurable change |
| Rental vacancy rate | 5.4% (±2.3 points) | 8.8% (±3.9 points) | +3.4 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Morristown
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Morristown | — | $882 (±$65) | — |
| White Pine | 7.2 mi | $797 (±$161) | Not measurably different |
| Bean Station | 9.3 mi | $598 (±$319) | Not measurably different |
| Jefferson City | 12 mi | $851 (±$81) | Not measurably different |
| Bulls Gap | 13 mi | $779 (±$141) | Not measurably different |
| Rutledge | 14 mi | $626 (±$81) | Lower |
| Dandridge | 14 mi | $799 (±$135) | Not measurably different |
| New Market | 16 mi | $943 (±$49) | Not measurably different |
| Newport | 18 mi | $720 (±$174) | Not measurably different |
Nearby places with a measurably lower figure: Rutledge, TN ($626).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Morristown
What is the average rent in Morristown, TN?
The Census Bureau publishes the median rather than the average: the median gross rent in Morristown is $882 (±$65) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Morristown?
In Morristown, the median gross rent went from $731 in 2015–2019 to $882 in 2020–2024 (+20.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Morristown cost more than $2,000 a month?
4.0% of rented homes in Morristown have a gross rent of $2,000 or more a month, and 18.3% cost less than $500.
Is rent in Morristown higher than in Hamblen County?
In Morristown, median gross rent is not measurably different from Hamblen County ($857).
It is also lower than in Tennessee ($1,189).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Morristown city, Tennessee
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Morristown city, Tennessee
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Morristown city, Tennessee
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Morristown city, Tennessee (place:50280, in state:47).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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