Rental numbers for the Morristown, TN metro
The typical home here runs -$848 a month at 7.78% with 25% down, breaking even at about 1.4%. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.8%.
- Gross yield
- 5.9%
- typical home, Zillow
- Median ZIP yield
- 6.8%
- 2 ZIPs with full data
- Cash flow
- -$848/mo
- at 7.78%, 25% down
- Typical price
- $300,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,479/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
15 with published figures
| 37813Morristown | $231,000 | $1,496 | 7.8% | 4.5% | -$378 | n/a |
| 37814Morristown | $285,000 | $1,390 | 5.8% | 3.0% | -$827 | n/a |
| 37848Powder Springs | $245,000 | $1,070* | 5.2% | 2.3% | -$863 | n/a |
| 37881Thorn Hill | $223,000 | $940* | 5.1% | 1.8% | -$857 | n/a |
| 37888New Tazewell | $246,000 | $1,020* | 5.0% | 2.1% | -$889 | n/a |
| 37877Talbott | $305,000 | $1,260* | 5.0% | 2.3% | -$1,057 | n/a |
| 37890White Pine | $301,000 | $1,150* | 4.6% | 1.8% | -$1,159 | n/a |
| 37891Whitesburg | $264,000 | $1,000* | 4.5% | 1.7% | -$1,039 | n/a |
| 37760Jefferson City | $309,000 | $1,120* | 4.4% | 1.7% | -$1,223 | n/a |
| 37708Bean Station | $269,000 | $930* | 4.2% | 1.4% | -$1,140 | n/a |
| 37709Blaine | $329,000 | $1,070* | 3.9% | 1.4% | -$1,399 | n/a |
| 37860Russellville | $300,000 | $970* | 3.9% | 1.4% | -$1,272 | n/a |
| 37820New Market | $322,000 | $1,040* | 3.9% | 1.3% | -$1,381 | n/a |
| 37861Rutledge | $292,000 | $930* | 3.8% | 1.2% | -$1,278 | n/a |
| 37725Dandridge | $388,000 | $1,170* | 3.6% | 1.2% | -$1,689 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.3%
- Rent, 12 months
- +2.6%
- Rent minus price growth
- -0.6 pts
- Property tax
- 0.45%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $217,549 | n/a |
| Aug 2022 | $254,781 | n/a |
| Aug 2023 | $266,808 | $1,277 |
| Aug 2024 | $285,951 | $1,416 |
| Aug 2025 | $290,166 | $1,441 |
| Aug 2026 | $299,596 | $1,479 |
Counties
- Grainger County, TNn/a median yield
- Jefferson County, TNn/a median yield
- Hamblen County, TN6.8% median yield
- Hancock County, TNn/a median yield
Tools
Questions
- Is the Morristown, TN metro good for rental property?
- The typical home here runs -$848 a month at 7.78% with 25% down, breaking even at about 1.4%. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.8%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Morristown, TN metro have the highest rental yield?
- 37813 (Morristown) at 7.8%, 37814 (Morristown) at 5.8%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.