Morristown, TN

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Morristown short-term rental market based on reliable data.

Listings

118 / 246

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$27,133

Middle-Earners Revenue

Occupancy

60%

Middle-Earners Occupancy

Home Value

$263,589

Median Home Sale Price

Top Earners

$50,605

Top-Earners Revenue

Morristown

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Morristown.

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B

Generally Investor friendly

Morristown Regulations

Morristown allows STRs via zoning and state law without explicit caps, but investors must navigate normal permitting (building permit, CO, site plan, parking, signage, lighting, landscaping) and verify district‑level approvals, including occasional special use permits, making compliance moderate but manageable.

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About Morristown

Morristown is a city in and the county seat of Hamblen County, Tennessee, United States. Morristown also extends into Jefferson County on the western and southern ends. The city lies within the Ridge and Valley of the Appalachians. The city's population was recorded to be 30,431 at the 2020 United States census. It is the principal city of the Morristown Metropolitan Statistical Area, which encompasses all of Grainger, Hamblen, and Jefferson counties. The Morristown metropolitan area is also part of the Knoxville-Morristown-Sevierville Combined Statistical Area.Established in 1855, Morristown developed into a thriving community due to its strategic location at the intersection of two major stagecoach routes. It would experience turmoil from battles in its immediate area and its change of control under Union and Confederate forces during the Civil War. Following the war, Morristown furthered its industrial growth with companies expanding rail access, making it a prominent logistics hub into the 20th century. Since the mid-20th century, the city has established itself as the regional economic hub and metropolis of the Lakeway Area region following efforts to expand the industrial sector of the city's economy into a market with over 100 companies, providing a workforce of an estimated 30,000 people.

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