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Home appreciation in Morristown, TN

Over the five years ending 2025, home prices in Morristown, TN grew an average of 12.2% a year.

Price growth at a glance

1-year

+3.8%

2025 over 2024. Tennessee: +3.6%.

5-year, per year

+12.2%

Average annual growth, 2020 to 2025. Tennessee: +10.6%.

10-year, per year

+8.8%

+131.9% in total since 2015. Tennessee: +8.4%.

How does your home compare?

Morristown, TN home prices rose 131.9% over the ten years to 2025, while its ZIP codes ranged from +112.3% to +143.9%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Morristown, TN compares with Tennessee

Tennessee averaged +10.6% a year, so Morristown, TN grew faster than the state overall. For five-year price growth, Morristown, TN ranks 6th out of 409 metros nationwide and 2nd out of 10 in Tennessee.

Index, 2005 = 100

Morristown, TN and Tennessee, quarterly house price index rebased to 100 in 2005.
YearMorristown, TNTennessee
2005 Q1100100
2005 Q2104102
2005 Q3106104
2005 Q4110106
2006 Q1111108
2006 Q2114110
2006 Q3114111
2006 Q4117113
2007 Q1118114
2007 Q2120116
2007 Q3120116
2007 Q4121117
2008 Q1123117
2008 Q2121117
2008 Q3119115
2008 Q4119115
2009 Q1121116
2009 Q2120115
2009 Q3117112
2009 Q4115111
2010 Q1113110
2010 Q2111110
2010 Q3113111
2010 Q4112111
2011 Q1109108
2011 Q2107107
2011 Q3111108
2011 Q4110108
2012 Q1109107
2012 Q2109107
2012 Q3110108
2012 Q4110108
2013 Q1109108
2013 Q2111109
2013 Q3109109
2013 Q4108110
2014 Q1111111
2014 Q2108113
2014 Q3110114
2014 Q4110115
2015 Q1113116
2015 Q2110118
2015 Q3111120
2015 Q4114121
2016 Q1115122
2016 Q2115125
2016 Q3117127
2016 Q4115129
2017 Q1118130
2017 Q2122133
2017 Q3122136
2017 Q4123138
2018 Q1124140
2018 Q2128143
2018 Q3129145
2018 Q4128147
2019 Q1135148
2019 Q2136151
2019 Q3138153
2019 Q4142155
2020 Q1143158
2020 Q2143159
2020 Q3147163
2020 Q4154167
2021 Q1157172
2021 Q2167182
2021 Q3177194
2021 Q4186204
2022 Q1197215
2022 Q2206231
2022 Q3217238
2022 Q4220236
2023 Q1220239
2023 Q2225244
2023 Q3229247
2023 Q4234248
2024 Q1250253
2024 Q2253257
2024 Q3254259
2024 Q4248262
2025 Q1252263
2025 Q2263266
2025 Q3265269
2025 Q4262270
2026 Q1269272
2026 Q2266273

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +8.8% a year over ten years, +131.9% in total.

Over this history, home prices peaked in 2008, fell 9.5% to its 2013 low, and regained the 2008 level in 2017.

The strongest year was 2022 at +22.1%, and the weakest was 2010 at -5.0%.

In 2025 alone the index moved +3.8%, against +3.6% for the state.

ZIP codes in Morristown, TN

Over the ten years to 2025, the 9 ZIP codes FHFA measures in this metro ranged from +112.3% in 37877 to +143.9% in 37820, while the metro as a whole rose 131.9%.

ZIP codes in Morristown, TN ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
37820+0.4%+13.8%+9.3%+143.9%
37871+3.3%+13.0%+8.9%+135.1%
37813+0.7%+11.1%+8.7%+131.3%
37760+7.2%+12.5%+8.7%+131.0%
37890+2.7%+12.1%+8.7%+130.2%
37725+3.5%+11.8%+8.7%+129.3%
37814+3.1%+11.6%+8.2%+120.3%
37860+5.7%+11.4%+8.2%+119.4%
378770.0%+10.7%+7.8%+112.3%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Morristown, TN and Tennessee, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006109.0+9.0%107.1
2007114.6+5.1%112.1
2008115.1+0.5%112.5
2009112.7-2.1%110.4
2010107.0-5.0%107.3
2011104.3-2.5%104.4
2012104.6+0.3%104.3
2013104.2-0.4%105.9
2014105.0+0.8%109.7
2015107.3+2.2%115.1
2016110.3+2.8%122.0
2017115.7+4.9%130.4
2018121.6+5.1%139.4
2019131.4+8.1%147.5
2020140.1+6.6%156.8
2021164.0+17.1%182.5
2022200.3+22.1%223.1
2023216.4+8.0%237.3
2024239.7+10.8%250.0
2025248.9+3.8%259.0

The 10 measured metros in Tennessee

Measured metros in Tennessee ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Knoxville, TN+3.8%+12.7%+9.1%
2Morristown, TN+3.8%+12.2%+8.8%
3Johnson City, TN+4.3%+12.0%+8.0%
4Kingsport-Bristol, TN-VA+5.3%+11.7%+7.5%
5Jackson, TN+2.1%+11.4%+7.8%
6Chattanooga, TN-GA+3.2%+11.0%+8.4%
7Cleveland, TN+2.4%+11.0%+8.0%
8Clarksville, TN-KY+3.4%+10.3%+7.6%
9Nashville-Davidson--Murfreesboro--Franklin, TN+2.9%+10.0%+8.9%
10Memphis, TN-MS-AR+1.7%+7.6%+6.6%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the Tennessee row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

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Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2