Is Morristown, AZ a good place to invest in rental property?

Morristown, AZ has a median modeled monthly cash flow of $-2,189 and a median cap rate of 0.9%, on a median sold price of $310,000. Prices changed -5.8% year over year.

What is the average cap rate in Morristown, AZ?

The median cap rate across recently sold homes in Morristown, AZ is 0.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Morristown, AZ?

The median sold price in Morristown, AZ is $310,000 (about $261 per square foot).

Investing in Morristown, AZ Real Estate

A data-driven snapshot of the Morristown, AZ rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$310,000Median sold price

$261Median $/sqft

0.9%Median cap rate

$-2,189Modeled cash flow / mo

-5.8%Appreciation YoY

6.7Months of supply

23Active listings

41Sold (last 12 mo)

What the Morristown numbers say

In Morristown, AZ, the median home sold for $310,000 (about $261 per square foot), and the typical deal models out to a 0.9% cap rate with a median $-2,189 of monthly cash flow. Sold prices moved -5.8% over the past year. Inventory sits at about 6.7 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Arizona markets to compare

See Morristown cash-flowing listings

CashFlowRE ranks every for-sale home in Morristown, AZ by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Morristown deals, or browse the national market data.