Property Prices in Morristown, TN, United States

Index Info
Price to Income Ratio: 3.09
Mortgage as Percentage of Income: 22.75%
Loan Affordability Index: 4.40
Price to Rent Ratio - City Centre: 13.58
Price to Rent Ratio - Outside of Centre: 11.80
Gross Rental Yield (City Centre): 7.36%
Gross Rental Yield (Outside of Centre): 8.47%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 588.33 $ 440.00-725.00
Apartment (1 bedroom) Outside of Centre 575.00 $ 500.00-650.00
Apartment (3 bedrooms) in City Centre 1,012.50 $ 900.00-1,125.00
Apartment (3 bedrooms) Outside of Centre 887.50 $ 800.00-975.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 158.75 $ 130.00-187.50
Price per Square Feet to Buy Apartment Outside of Centre 128.75 $ 95.00-162.50
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,500.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.12 3.25-5.00

These data are based on 16 entries in the past 18 months from 3 different contributors.
Last update: March 2021

Sources and References
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