Morristown, TN · Tennessee
Grainger County
ZIP 37709
23,929 residents59 permits TTM$51,351 median HHI6 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$172,000
ACS 5-Year
Cap rate proxy
5.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.0%
HUD FMR ÷ ACS HHI
Net migration
+1.71%
IRS SOI
Permits (TTM)
59
Census BPS
Climate risk
18.6
FEMA NRI (0–100)
ZIP 37709
Median home value
$172,000
Gross yield
7.5%
Buy Box score
0.4
Section 8 gap
47.4%
Affordability
P/I: 6.2R/I: —
Section 8 detail
SAFMR: $1,070Rent: $726Gap: 47.4%
ZIP code breakdown6 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 37888 | $172,000 | $1,020 | 7.1% | 0.6 | 40.5% |
| 37881 | — | — | — | 0.6 | — |
| 37708 | — | — | — | 0.4 | — |
| 37709 | $172,000 | $1,070 | 7.5% | 0.4 | 47.4% |
| 37861 | — | — | — | 0.3 | — |
| 37848 | $172,000 | $1,070 | 7.5% | — | 47.4% |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
78.7%
Census ACS
Vacancy rate
18.6%
Census ACS
Bachelor's degree +
14.9%
Census ACS
Rent burdened
36.9%
Census ACS (>30% income)
Median age
45.7
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026