Morristown, TN Rent To Own Homes

Rent-to-Own Homes in Morristown, TN: What You Need to Know 

Morristown, Tennessee is a small, but prosperous city. The low cost of living and excellent public schools have attracted young professionals interested in settling and establishing their adult lives and the weather offers residents the full four-season experience. 

What is the Cost of Living in Morristown, TN?

One of the major draws of Morristown is the low cost of living. It is 10% less expensive to live in Morristown than the national average. Groceries and healthcare are both below the national average, as well. Housing and all associated costs are 29% cheaper. The median home price is $246,000. The divide between renters and owners is even. Studio apartments cost $513, one-bedrooms are $543, and two-bedrooms are $715. Larger apartments are not very expensive, with the cost rarely approaching $1,000 per month.

Weather and Climate

Residents of Morristown enjoy a humid, subtropical climate meaning summers are warm and long, while winters are short but very cold. It is wet and partly cloudy all year. It rains a total of 172 days, accumulating 31” every year. It snows 28 days, gathering 10”. February is the wettest month, with 13 days of precipitation. The coldest month is January, with temperatures dipping down to 28°F. July is the warmest month, with an average peak of 86°F.

Are There Good Schools in Morristown, TN?

For those with, or interested in having children, Morristown has some excellent schools available. Within the Hamblen County School District, there are 18 public schools teaching nearly 11,000 students. These schools consistently rank in the top 40% of all Tennessee schools, based on their math and reading scores. For those uninterested in public education, there are 6 private schools available as well, educating nearly 800 students. 

There are 3 colleges within the city, 1 private school, and 2 community colleges to seek higher education. These schools are Carson-Newman University, Walters State Community College, and Tennessee College of Applied Technology-Morristown.

Transportation and Infrastructure

One of the major draws of Morristown is that you can enjoy a quieter environment most days, but take a quick drive and arrive at a larger hub. If you are interested in fun day trips or weekend getaways, there are plenty of bigger cities nearby. Greeneville is just thirty minutes away from Morristown. Knoxville is just under an hour away by car. Kingsport is an hour away. If you need an airport for farther-off vacation destinations or work trips, the McGhee Tyson Airport is considered the closest major airport in the area. For those looking to stay in the city, the Lakeway Transit is a network of bus routes that offer quick transport to favorite shopping locations, medical spots, and residential areas.

Morristown’s Local Population

Nearly 31,000 people call Morristown home. The city is not a large one but is growing at a steady rate. Of the total population, 30% are under 18 years old, and 16% are over 65. The median age is 38.1. 80% of all residents are white, 9% are African American, and 4% are Mixed Race. The poverty rate is 27%, with the average household income about $46,000. 78% of all adults have their high school diploma and 15% have their bachelor’s degree!