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1 / 17#17. Thorn Hill, TN
- Typical home value: $213,045
- 1-year price change: +6.4%
- 5-year price change: data not available
Cities with the most expensive homes in the Morristown metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $371,757 in July, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of August 13, the 30-year fixed mortgage rate sits at 6.67%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Morristown metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 17 cities and towns with data available were included in the list.
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2 / 17#16. Tazewell, TN
- Typical home value: $222,827
- 1-year price change: +6.3%
- 5-year price change: +24.6%
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3 / 17#15. New Tazewell, TN
- Typical home value: $242,998
- 1-year price change: +4.9%
- 5-year price change: +26.0%
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4 / 17#14. White Pine, TN
- Typical home value: $263,169
- 1-year price change: +2.3%
- 5-year price change: +54.1%
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5 / 17#13. Washburn, TN
- Typical home value: $264,695
- 1-year price change: +7.7%
- 5-year price change: data not available
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6 / 17#12. Whitesburg, TN
- Typical home value: $267,303
- 1-year price change: +8.5%
- 5-year price change: +34.7%
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7 / 17#11. Morristown, TN
- Typical home value: $268,198
- 1-year price change: +4.2%
- 5-year price change: +39.9%
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8 / 17#10. Bean Station, TN
- Typical home value: $271,851
- 1-year price change: +2.7%
- 5-year price change: +34.5%
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9 / 17#9. Rutledge, TN
- Typical home value: $281,656
- 1-year price change: +7.8%
- 5-year price change: +26.5%
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10 / 17#8. Russellville, TN
- Typical home value: $299,715
- 1-year price change: +3.9%
- 5-year price change: +44.7%
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11 / 17#7. Strawberry Plains, TN
- Typical home value: $300,497
- 1-year price change: +3.2%
- 5-year price change: +41.6%
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12 / 17#6. Talbott, TN
- Typical home value: $310,916
- 1-year price change: +3.1%
- 5-year price change: +37.8%
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13 / 17#5. Jefferson City, TN
- Typical home value: $311,703
- 1-year price change: +1.2%
- 5-year price change: +40.3%
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14 / 17#4. New Market, TN
- Typical home value: $325,354
- 1-year price change: +3.6%
- 5-year price change: +37.0%
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15 / 17#3. Blaine, TN
- Typical home value: $336,248
- 1-year price change: +3.3%
- 5-year price change: +36.9%
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16 / 17#2. Dandridge, TN
- Typical home value: $385,267
- 1-year price change: +0.4%
- 5-year price change: +34.0%
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17 / 17#1. Baneberry, TN
- Typical home value: $479,153
- 1-year price change: +3.9%
- 5-year price change: +44.9%
