How much house does $500,000 buy you in Morristown?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Morristown?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Morristown right now. Listings below $500,000 were included if necessary.
985 Kidwell Ridge Rd, Morristown, TN 37814
- Price: $499,500
- 5 bedrooms, 4 bathrooms
- Square feet: 3,502
- See 985 Kidwell Ridge Rd, Morristown, TN 37814 on Redfin.com
1090 Panther Creek Rd, Morristown, TN 37814
- Price: $499,900
- 5 bedrooms, 3 bathrooms
- Square feet: 2,926
- See 1090 Panther Creek Rd, Morristown, TN 37814 on Redfin.com
446 Lochmere Greene Dr, Morristown, TN 37814
- Price: $499,900
- 4 bedrooms, 4 bathrooms
- Square feet: 2,752
- See 446 Lochmere Greene Dr, Morristown, TN 37814 on Redfin.com
711 Panther Creek Ct, Morristown, TN 37814
- Price: $499,900
- 4 bedrooms, 4 bathrooms
- Square feet: 2,074
- See 711 Panther Creek Ct, Morristown, TN 37814 on Redfin.com
381 Lochmere Dr, Morristown, TN 37814
- Price: $484,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,667
- See 381 Lochmere Dr, Morristown, TN 37814 on Redfin.com
1701 Talbott Kansas Rd, Talbott, TN 37877
- Price: $484,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,350
- See 1701 Talbott Kansas Rd, Talbott, TN 37877 on Redfin.com
993 Lakeshore Rd, Talbott, TN 37877
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 4,584
- See 993 Lakeshore Rd, Talbott, TN 37877 on Redfin.com
480 Noes Chapel Rd, Morristown, TN 37814
- Price: $486,700
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,797
- See 480 Noes Chapel Rd, Morristown, TN 37814 on Redfin.com
400 Noes Chapel Rd, Morristown, TN 37814
- Price: $486,700
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,797
- See 400 Noes Chapel Rd, Morristown, TN 37814 on Redfin.com
440 Noes Chapel Rd, Morristown, TN 37814
- Price: $486,700
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,797
- See 440 Noes Chapel Rd, Morristown, TN 37814 on Redfin.com
263 Phyllis Dr, Bean Station, TN 37708
- Price: $499,900
- 4 bedrooms, 2 bathrooms
- Square feet: 3,030
- See 263 Phyllis Dr, Bean Station, TN 37708 on Redfin.com
450 Clinch View Ln, Washburn, TN 37888
- Price: $485,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,690
- See 450 Clinch View Ln, Washburn, TN 37888 on Redfin.com
314 Sandpiper Ln, Bean Station, TN 37708
- Price: $489,900
- 3 bedrooms, 3 bathrooms
- Square feet: 1,819
- See 314 Sandpiper Ln, Bean Station, TN 37708 on Redfin.com
424 Sandpiper Ln, Bean Station, TN 37708
- Price: $489,900
- 3 bedrooms, 3 bathrooms
- Square feet: 1,819
- See 424 Sandpiper Ln, Bean Station, TN 37708 on Redfin.com
3108 Blueberry Dr, New Market, TN 37820
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 3,129
- See 3108 Blueberry Dr, New Market, TN 37820 on Redfin.com
185 Florence Cir, Dandridge, TN 37725
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,925
- See 185 Florence Cir, Dandridge, TN 37725 on Redfin.com
340 Battlefield Dr, Dandridge, TN 37725
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,344
- See 340 Battlefield Dr, Dandridge, TN 37725 on Redfin.com
1806 Pheasant Crossing Dr, Dandridge, TN 37725
- Price: $489,000
- 3 bedrooms, 2 bathrooms
- Square feet: 3,342
- See 1806 Pheasant Crossing Dr, Dandridge, TN 37725 on Redfin.com
2501 Stone Rd, Blaine, TN 37709
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,536
- See 2501 Stone Rd, Blaine, TN 37709 on Redfin.com
153 Washita Ln, Rutledge, TN 37861
- Price: $489,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,400
- See 153 Washita Ln, Rutledge, TN 37861 on Redfin.com
138 Birdie Dr, Mooresburg, TN 37811
- Price: $489,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,268
- See 138 Birdie Dr, Mooresburg, TN 37811 on Redfin.com
3119 Cherokee Ln, Strawberry Plains, TN 37871
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,100
- See 3119 Cherokee Ln, Strawberry Plains, TN 37871 on Redfin.com
1014 Valley Home Rd, Dandridge, TN 37725
- Price: $483,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,100
- See 1014 Valley Home Rd, Dandridge, TN 37725 on Redfin.com
329 Simpson Ln, Bean Station, TN 37708
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,048
- See 329 Simpson Ln, Bean Station, TN 37708 on Redfin.com
284 Woodstock Dr, Rutledge, TN 37861
- Price: $483,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,982
- See 284 Woodstock Dr, Rutledge, TN 37861 on Redfin.com
410 Wine Rd, Dandridge, TN 37725
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,426
- See 410 Wine Rd, Dandridge, TN 37725 on Redfin.com
2409 Valley Home Rd, Talbott, TN 37877
- Price: $489,900
- 3 bedrooms, 1.5 bathrooms
- Square feet: 2,429
- See 2409 Valley Home Rd, Talbott, TN 37877 on Redfin.com
2950 Boatmans Mountain Rd, Morristown, TN 37814
- Price: $499,000
- 3 bedrooms, 1.5 bathrooms
- Square feet: 1,400
- See 2950 Boatmans Mountain Rd, Morristown, TN 37814 on Redfin.com
997 Miller Hollow Rd, Bean Station, TN 37708
- Price: $498,000
- 3 bedrooms, 1 bathroom
- Square feet: 780
- See 997 Miller Hollow Rd, Bean Station, TN 37708 on Redfin.com
