Morristown, TN

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

135 / 252

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$27,427

Middle-Earners Revenue

Occupancy

58%

Middle-Earners Occupancy

Home Value

$270,889

Median Home Sale Price

Top Earners

$47,530

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 of approximately 30,000 residents that straddles Hamblen and Jefferson counties in the rolling foothills of northeastern Tennessee. It functions as the commercial and retail hub for a multi-county region, with a downtown that blends older storefronts with newer development, and it sits about 45 miles east of Knoxville, with Interstate 81 and U.S. Route 25E passing through the area. The city is best known as a convenient base for travelers exploring the southern Appalachians, the Tennessee Valley lakes, and the western approaches to the Great Smoky Mountains, and its central location between Knoxville and the Tri-Cities makes it a natural stopover for road-trippers and outdoor enthusiasts alike.

A short drive west of town brings visitors to Cherokee Lake, a long, irregular reservoir created by the Tennessee Valley Authority that winds through the surrounding countryside. Anglers come for smallmouth bass and crappie, while boaters, skiers, and kayakers use the lake throughout the warmer months. The lake also anchors Panther Creek State Park, where roughly 1,400 acres of hardwood forest meet the water with hiking trails, picnic areas, a swimming beach, and a campground — all within about 15 minutes of downtown Morristown. Great Smoky Mountains National Park, the most-visited national park in the country, lies roughly 60 to 75 minutes to the south and gives the city a second major draw for nature-oriented travelers.

History-minded visitors have plenty to explore in the surrounding area as well. Davy Crockett Birthplace State Park sits along the Nolichucky River just north of Morristown, near the community of Limestone, and preserves a reconstructed log cabin and family homestead tied to the legendary frontiersman. A bit farther afield in Greeneville, the Andrew Johnson National Historic Site — maintained by the National Park Service — includes the 17th president's tailor shop, his home, and his burial place, all within a short walk of one another. The streets of Morristown's own downtown also reward a slower pace, with locally owned restaurants and shops clustered around the city's central square and a calendar of community events that give the area a traditional, small-city feel.

Taken together, Morristown offers a relaxed, small-city atmosphere with quick access to some of the most-visited outdoor and historical destinations in the southern Appalachians. Its mix of affordability, geographic centrality, and proximity to the Smokies, TVA lakes, and state parks makes it an appealing base for travelers — and a market worth considering for owners of short-term rentals catering to road-trippers, families, and outdoor recreationists passing through the region.

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