Morristown, TN Foreclosed Homes & Properties

Foreclosure Homes for Sale in Morristown, TN: What You Need to Know

Nestled in the heart of East Tennessee, Morristown features gorgeous lakes and state parks, impactful museums, hallowed centers for performing arts, and much more. This one-of-a-kind city is chock full of amazing experiences and opportunities for residents of all ages. 

Population and Demographics

The 2010 census found Morristown to house 29,137 residents and 7,278 families. The city contains approximately 12,705 houses, apartments, condos, and townhouses with an average housing unit density of 528.1 per square mile. The majority of households in Morristown make around $27,005 per year and the majority of families make $33,391. The city’s most populous age groups are children under 18 and adults between 25 and 44.

Shopping in Morristown

Morristown offers a wide variety of shopping and dining experiences including the College Square Mall, a local favorite for the latest fashions and exciting eateries. Those looking to experience the culture and feel of the city while getting some shopping done can visit Downtown Morristown, the beating heart of the city featuring various shops, boutiques, and even a farmer’s market. 

Climate and Weather

When it comes to sunny days and clear skies, Morristown is right in line with the national average of 205 clear days per year. The majority of the rest of its days are spent with some kind of precipitation, however, whether it’s rain, snow, hail, or sleet. Though the city receives around 45 inches of rain per year, several inches above the U.S. average, it only sees around 10 inches of snow. Locals rate Morristown to be more comfortable weather-wise than many other Tennessee locations, and September, May, and October are known to be the city’s most pleasant months each year.

Transportation in Morristown

The Morristown Regional Airport provides air travel to Morristown and surrounding areas. For those in need of public transportation, Lakeway Transit runs three fixed bus routes connecting downtown, residential, and major shopping areas within the city. Significant highways and surface streets in Morristown include I-81, U.S. 11E, U.S. 25E, Brights Pike, Cherokee Drive, and Commerce Boulevard. 

Morristown Cost of Living

New residents looking for a rental property can expect to pay around $513 per month for a studio, $543 for one bedroom, and $715 for two bedrooms. While housing tends to be more expensive in the suburbs, Morristown proper has low rates for both rental and purchase. In fact, housing in Morristown averages at just over half the cost of the average American city.