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

Morristown, TN has a median modeled monthly cash flow of $-859 and a median cap rate of 3.0%, on a median sold price of $299,995. Prices changed +4.0% year over year.

What is the average cap rate in Morristown, TN?

The median cap rate across recently sold homes in Morristown, TN is 3.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Morristown, TN?

The median sold price in Morristown, TN is $299,995 (about $181 per square foot).

Investing in Morristown, TN Real Estate

A data-driven snapshot of the Morristown, TN 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.

$299,995Median sold price

$181Median $/sqft

3.0%Median cap rate

$-859Modeled cash flow / mo

+4.0%Appreciation YoY

8.2Months of supply

491Active listings

720Sold (last 12 mo)

What the Morristown numbers say

In Morristown, TN, the median home sold for $299,995 (about $181 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-859 of monthly cash flow. Sold prices moved +4.0% over the past year. Inventory sits at about 8.2 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Tennessee markets to compare

See Morristown cash-flowing listings

CashFlowRE ranks every for-sale home in Morristown, TN 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.