Cities with the fastest growing home prices in Morristown metro area

Written by:
January 19, 2023
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Cities with the fastest growing home prices in Morristown metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Morristown, TN metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 16 cities and towns with data available were included in the list.

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Stacker

#16. Bean Station, TN

- 1-year price change: +$22,157 (+14.7%)
- 5-year price change: +$61,073 (+54.9%)
- Typical home value: $172,417 (#15 most expensive city in metro)
2 / 16
Stacker

#15. Tazewell, TN

- 1-year price change: +$23,641 (+16.1%)
- 5-year price change: +$63,920 (+59.8%)
- Typical home value: $170,858 (#16 most expensive city in metro)
3 / 16
Stacker

#14. New Tazewell, TN

- 1-year price change: +$26,092 (+16.3%)
- 5-year price change: +$68,260 (+58.0%)
- Typical home value: $185,871 (#13 most expensive city in metro)
4 / 16
Stacker

#13. Washburn, TN

- 1-year price change: +$26,229 (+16.5%)
- 5-year price change: +$70,797 (+62.0%)
- Typical home value: $185,046 (#14 most expensive city in metro)
5 / 16
Stacker

#12. Rutledge, TN

- 1-year price change: +$26,745 (+16.5%)
- 5-year price change: +$63,018 (+50.2%)
- Typical home value: $188,662 (#12 most expensive city in metro)

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Stacker

#11. Strawberry Plains, TN

- 1-year price change: +$33,914 (+16.7%)
- 5-year price change: +$109,700 (+85.8%)
- Typical home value: $237,538 (#8 most expensive city in metro)
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Stacker

#10. Blaine, TN

- 1-year price change: +$37,080 (+18.3%)
- 5-year price change: +$80,895 (+50.9%)
- Typical home value: $239,874 (#6 most expensive city in metro)
8 / 16
Stacker

#9. Russellville, TN

- 1-year price change: +$38,641 (+17.0%)
- 5-year price change: +$105,017 (+65.2%)
- Typical home value: $266,084 (#3 most expensive city in metro)
9 / 16
Stacker

#8. White Pine, TN

- 1-year price change: +$43,918 (+27.9%)
- 5-year price change: +$93,423 (+86.7%)
- Typical home value: $201,175 (#11 most expensive city in metro)
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Stacker

#7. Whitesburg, TN

- 1-year price change: +$44,788 (+24.6%)
- 5-year price change: +$101,390 (+80.9%)
- Typical home value: $226,773 (#10 most expensive city in metro)

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11 / 16
Stacker

#6. Morristown, TN

- 1-year price change: +$46,801 (+25.9%)
- 5-year price change: +$96,654 (+73.8%)
- Typical home value: $227,602 (#9 most expensive city in metro)
12 / 16
Stacker

#5. New Market, TN

- 1-year price change: +$50,319 (+26.6%)
- 5-year price change: +$106,160 (+79.8%)
- Typical home value: $239,263 (#7 most expensive city in metro)
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Stacker

#4. Talbott, TN

- 1-year price change: +$52,083 (+24.9%)
- 5-year price change: +$109,028 (+71.6%)
- Typical home value: $261,229 (#4 most expensive city in metro)
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Stacker

#3. Jefferson City, TN

- 1-year price change: +$52,207 (+26.8%)
- 5-year price change: +$108,546 (+78.3%)
- Typical home value: $247,199 (#5 most expensive city in metro)
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Stacker

#2. Dandridge, TN

- 1-year price change: +$67,732 (+27.5%)
- 5-year price change: +$108,546 (data not available)
- Typical home value: $313,887 (#2 most expensive city in metro)

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Stacker

#1. Baneberry, TN

- 1-year price change: +$83,547 (+27.4%)
- 5-year price change: +$179,257 (+85.8%)
- Typical home value: $388,119 (#1 most expensive city in metro)

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