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1 / 17#17. Thorn Hill, TN
- Typical home value: $212,761
- 1-year price change: +6.6%
- 5-year price change: data not available
Cities with the most expensive homes in the Morristown metro area
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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, plays a huge role for buyers.
The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.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.
compiled a list of cities with the most expensive homes in the Morristown metro area using data from . 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: $220,650
- 1-year price change: +6.2%
- 5-year price change: +22.8%
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3 / 17#15. New Tazewell, TN
- Typical home value: $242,761
- 1-year price change: +4.1%
- 5-year price change: +23.7%
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4 / 17#14. White Pine, TN
- Typical home value: $262,950
- 1-year price change: +2.5%
- 5-year price change: +51.6%
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5 / 17#13. Washburn, TN
- Typical home value: $263,084
- 1-year price change: +7.5%
- 5-year price change: data not available
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6 / 17#12. Whitesburg, TN
- Typical home value: $265,572
- 1-year price change: +8.3%
- 5-year price change: +32.4%
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7 / 17#11. Morristown, TN
- Typical home value: $267,036
- 1-year price change: +3.6%
- 5-year price change: +36.8%
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8 / 17#10. Bean Station, TN
- Typical home value: $271,160
- 1-year price change: +3.1%
- 5-year price change: +33.2%
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9 / 17#9. Rutledge, TN
- Typical home value: $280,460
- 1-year price change: +8.7%
- 5-year price change: +25.5%
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10 / 17#8. Russellville, TN
- Typical home value: $297,133
- 1-year price change: +3.5%
- 5-year price change: +41.5%
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11 / 17#7. Strawberry Plains, TN
- Typical home value: $298,956
- 1-year price change: +3.4%
- 5-year price change: +40.1%
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12 / 17#6. Talbott, TN
- Typical home value: $306,560
- 1-year price change: +2.9%
- 5-year price change: +35.4%
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13 / 17#5. Jefferson City, TN
- Typical home value: $309,851
- 1-year price change: +1.3%
- 5-year price change: +37.9%
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14 / 17#4. New Market, TN
- Typical home value: $321,193
- 1-year price change: +4.0%
- 5-year price change: +34.7%
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15 / 17#3. Blaine, TN
- Typical home value: $329,652
- 1-year price change: +3.9%
- 5-year price change: +35.9%
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16 / 17#2. Dandridge, TN
- Typical home value: $385,497
- 1-year price change: +0.6%
- 5-year price change: +31.3%
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17 / 17#1. Baneberry, TN
- Typical home value: $474,563
- 1-year price change: +3.8%
- 5-year price change: +41.3%
