Cheap Homes in Morristown, TN

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Foreclosure Homes in Morristown, TN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Morristown, TN area at Get information on foreclosure homes for rent, how to buy foreclosures in Morristown, TN and much more. Save thousands at closing with home foreclosure listings in Morristown, TN — up to 75% off market value!

Top Reasons To Live In Morristown, TN In 2023

Morristown is located in Hamblen, Tennessee, with an estimated municipal population of 30,193 residents. All of the best foreclosed homes for sale in Morristown are located in the following zip code areas on 37813 37814 37815. The estimated population per square kilometer (.62 miles) in Morristown is 426.

Cost Of Living In Morristown, TN

So, about how much do homes cost in Morristown? The most recent median value of resident-owned homes in Morristown is 115,839. An estimated 50.2 percent of households in Morristown own their homes, with an average family size of 3.17. The median household income in Morristown is 32,193, with7.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Morristown, the median commute time of resident workers (in minutes) is 21. And last, but certainly not least, are you looking for homes to rent in Morristown? If so, the average rent price paid by renters in Morristown is 731, according to recent statistics.

Diversity And Demographics In Morristown, Tennessee

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Morristown, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Morristown is 37.8, split between 48.4 percent male versus 51.6 female. The percentage of residents who report being married in Morristown is 43, with an average family size of 3.17.

The percentage of residents who report their race in Morristown is as follows:

White 80%
Black / African American 8.8%
Asian 1%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0.6%
Multi-racial 4.1%
Other 5.2%

Looking for family-friendly neighborhoods in and/or near Morristown? Or maybe you are searching for 55+ active adult communities in and/or near Morristown?

The percentage of residents who report their age in Morristown is as follows:

Under 10 13%
Aged 10-19 12.6%
20s 13.7%
30s 14.1%
40s 11.3%
50s 12.6%
60s 12.1%
70s 6.1%
80+ 4.6%

Best Schools In Morristown, Tennessee

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Morristown with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Morristown.

Pros And Cons Of Living In Morristown, Tennessee

How do you know that living in -- or moving to -- Morristown is right where you need to be? Perhaps you grew up in Morristown or already live nearby; therefore, the decision to buy a home in Morristown is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Morristown for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Morristown:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Morristown.

Reasons To Move To Morristown, Tennessee, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Morristown can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Morristown, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Morristown, TN


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