MORRISTOWN Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Morristown averaged 7.08% for the week of 2023-11-22, compared to the national average of 7.29% for the same period.

The average rate for the prior week (2023-11-16) was 7.13% and one month ago for the week of 2023-10-19, the average rate was 7.22%.

Morristown's average rate one year ago was 6.2%.

For refis of the same type during the week of 2023-11-22, the average rate was 6.53%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-22 7.29%
Morristown 30 Year Fixed Rate 2023-11-22 7.08%
Morristown 30 Year Fixed Rate Refi 2023-11-22 6.53%
Morristown 15 Year Fixed Rate 2023-11-22 6.39%
Morristown 15 Year Fixed Rate Refi 2023-11-22 7.07%
Morristown 30 Year FHA 2023-11-22 -0.38%
Morristown 30 Year FHA Refi 2023-11-22 0%
Morristown 30 Year USDA 2023-11-22 -0.38%
Morristown 30 Year USDA Refi 2023-11-22 -0.2%
Morristown 30 Year VA 2023-11-22 -0.53%
Morristown 30 Year VA Refi 2023-11-22 0.1%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MORRISTOWN, TN.

MORRISTOWN Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the MORRISTOWN, TN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
MORTGAGE INVESTORS GROUP, INC. 136 4.88% $5,176
KNOXVILLE TVA EMPLOYEES CREDIT UNION 124 4.37% $4,495
QUICKEN LOANS, LLC 112 5.11% $5,916
CONSUMER Credit Union 72 3.38% $3,325
DHI MORTGAGE COMPANY, LTD. 65 4.63% $3,666
ORNL Federal Credit Union 61 4.30% $5,121
INTERLINC MORTGAGE SERVICES, LLC 37 4.57% $4,333
UNITED WHOLESALE MORTGAGE, LLC 35 5.24% $6,922
BROKER SOLUTIONS, INC. 32 4.80% $4,921
Commercial Bank 31 4.71% $2,115
Farm Credit Mid-America, ACA 29 5.10% $7,755
MOVEMENT MORTGAGE, LLC 29 4.80% $4,230
EASTMAN 28 5.42% $3,123
LOANDEPOT.COM, LLC 26 4.22% $5,723
CMG MORTGAGE, INC. 25 5.62% $6,116
UNION HOME MORTGAGE CORP. 24 5.78% $5,527
U.S. Bank 24 4.69% $4,880
CARDINAL FINANCIAL 21 5.26% $7,344
Wells Fargo Bank 21 5.21% $4,742
Mr. Cooper ( Nationstar Mortgage ) 20 4.89% $7,424
ACADEMY MORTGAGE CORPORATION 20 4.87% $6,468
FIRST COMMUNITY MORTGAGE, INC. 19 4.84% $5,708
Regions Bank 16 4.52% $6,611
First Horizon Bank 16 4.34% $3,562
AMERISAVE MORTGAGE CORPORATION 15 3.95% $8,855
FirstBank 15 4.82% $6,864
FREEDOM MORTGAGE CORPORATION 14 4.41% $4,591
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 5.53% $5,215
The Huntington National Bank 13 3.89% $8,531
VANDERBILT MORTGAGE AND FINANCE, INC. 13 6.64% $5,927
PENNYMAC LOAN SERVICES, LLC 13 4.60% $6,733
Citizens Bank 13 5.22% $5,606
HOME POINT FINANCIAL CORPORATION 12 4.52% $6,138
Truist 11 5.18% $4,363
CROSSCOUNTRY MORTGAGE, LLC 10 5.37% $9,972
HomeTrust Bank 10 4.86% $4,415
ARK-LA-TEX FINANCIAL SERVICES, LLC. 10 5.47% $5,917
GUILD MORTGAGE COMPANY 10 4.46% $6,640
CALIBER HOME LOANS, INC. 8 3.70% $5,037
Home Federal Bank of Tennessee 8 4.11% $5,984
GUARANTEED RATE, INC. 8 4.36% $4,135
Community Trust Bank, Inc. 8 5.22% $2,403
Northpointe Bank 7 5.14% $9,848
FIRST BANCORP 7 6.03% $5,274
Y-12 Federal Credit Union 6 4.73% $3,199
Wolfe Financial, Inc 6 5.69% $6,261
Gateway First Bank 5 5.90% $5,000
Bank of America 5 3.70% $3,188
NAVY FEDERAL CREDIT UNION 5 4.63% $7,096
BAY EQUITY LLC 5 4.30% $5,249
AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.05% $8,262
CHURCHILL MORTGAGE CORPORATION 5 5.20% $4,879
21ST MORTGAGE CORPORATION 4 6.51% $5,719
Carrington Mortgage Services, LLC 4 4.81% $6,249
CRESCENT MORTGAGE COMPANY 4 6.40% $4,905
ENRICHMENT 4 4.41% $3,447
Flagstar Bank, FSB 4 4.45% $5,164
Sierra Pacific Mortgage Company, Inc. 4 5.53% $6,419
TJC Mortgage, Inc. 4 4.66% $6,638
UBS Bank USA 4 4.38% $4,717
HANCOCK MORTGAGE PARTNERS, LLC 3 5.58% $6,458
GUARANTY HOME MORTGAGE CORPORATION 3 4.75% $6,801
Countybank 3 5.29% $4,092
VAN DYK MORTGAGE CORPORATION 3 5.13% $3,928
ZILLOW HOME LOANS, LLC 3 4.79% $4,614
First National Bank of America 3 7.80% $12,517
SmartBank 3 5.17% $3,759
SECURITYNATIONAL MORTGAGE COMPANY 3 5.04% $8,174
RELIANCE FIRST CAPITAL, LLC 3 5.13% $5,361
Pinnacle Bank 3 4.67% $6,782
NEWREZ LLC 3 4.71% $5,192
United Community Bank 3 4.88% $6,566
DEEPHAVEN MORTGAGE LLC 3 7.04% $12,633
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.62% $7,788
BETTER MORTGAGE CORPORATION 3 3.42% $5,606
LAKEVIEW LOAN SERVICING, LLC 3 4.67% $5,470
STATE EMPLOYEES' 2 4.58% $3,872
First Guaranty Mortgage Corporation 2 4.00% $5,981
Deere Employees Credit Union 2 2.06% $3,289
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.75% $17,962
HOMESIDE FINANCIAL, LLC 2 4.94% $6,893
Hometown Lenders, Inc. 2 4.00% $4,844
Citadel Servicing Corporation 2 7.50% $11,123
KeyBank 2 5.63% $4,234
CHERRY CREEK MORTGAGE, LLC 2 3.69% $1,399
LADERA LENDING, INC. 2 5.19% $6,976
MILEND, INC. 2 3.69% $8,222
Mortgage Research Center, LLC 2 3.06% $4,870
Barrington Bank & Trust Company, N.A. 2 5.25% $5,828
MYCUMORTGAGE, LLC 2 3.44% $3,826
NBKC BANK 2 4.25% $3,615
North American Savings Bank, F.S.B. 2 5.44% $2,257
PENTAGON FEDERAL CREDIT UNION 2 5.31% $3,293
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 4.13% $3,971
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.19% $4,745
ANGEL OAK HOME LOANS LLC 2 8.94% $6,551
ROYAL UNITED MORTGAGE LLC 2 6.63% $11,260
Wyndham Capital Mortgage, Inc. 2 3.50% $1,585
STOCKTON MORTGAGE CORPORATION 2 6.25% $4,031
SUCCESS MORTGAGE PARTNERS, INC. 2 4.88% $7,616
AmeriHome Mortgage Company, LLC 2 3.25% $2,347
UNITED 2 5.63% $5,962
Waterstone Mortgage Corporation 2 5.81% $7,157
AMCAP MORTGAGE, LTD. 2 4.68% $7,337
MORIA DEVELOPMENT, INC. 1 3.38% $3,546
CALCON MUTUAL MORTGAGE LLC 1 5.88% $14,190
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 5.75% $3,495
GoPrime Mortgage, Inc. 1 3.88% $2,296
AMERIFIRST FINANCIAL CORPORATION 1 5.50% $10,620
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.99% $9,541
FINANCE OF AMERICA MORTGAGE LLC 1 6.13% $7,180
NASA Federal Credit Union 1 3.25% $3,563
NATIONS DIRECT MORTGAGE, LLC 1 4.88% $7,754
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.50% $18,359
Bank of Tennessee 1 4.09% $10,928
Discover Bank 1 3.49% $0
Neighborhood Loans, Inc. 1 4.38% $4,053
Franklin Loan Corporation 1 7.50% $31,400
NFM, INC. 1 6.25% $4,387
AMERICAN MORTGAGE SERVICE COMPANY 1 3.63% $3,576
Austin Capital Bank SSB 1 3.63% $5,437
NP, Inc. 1 2.63% $3,196
Atlantic Union Bank 1 5.13% $7,965
Paramount Residential Mortgage Group, Inc. 1 3.50% $3,846
ARC HOME LLC 1 6.38% $7,724
USAA Federal Savings Bank 1 5.50% $3,613
Peoples Bank 1 3.50% $9,782
ALTRA 1 5.75% $3,104
PLANET HOME LENDING, LLC 1 4.38% $5,445
AMERICAN FINANCING CORPORATION 1 5.13% $3,681
U. T. 1 4.75% $4,767
Princeton Mortgage Corporation 1 7.13% $6,302
AMERICAN FINANCIAL RESOURCES, INC. 1 3.25% $5,071
Quontic Bank 1 5.50% $9,989
AmRes Corporation 1 6.38% $13,829
First United Bank and Trust Company 1 5.88% $4,920
Renasant Bank 1 3.25% $7,412
Republic Bank & Trust Company 1 5.00% $3,486
First Commonwealth Bank 1 4.38% $3,939
First Reliance Bank 1 5.50% $2,187
EMBRACE HOME LOANS, INC. 1 4.25% $5,146
First Option Mortgage, LLC 1 4.75% $11,523
SOUTHERN TRUST MORTGAGE, LLC 1 3.75% $3,551
SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.62% $11,711
First Bank of Berne 1 6.13% $4,768
DRAPER AND KRAMER MORTGAGE CORP. 1 5.13% $5,133
Strong Home Mortgage, LLC 1 4.38% $10,882
WesBanco 1 3.38% $3,978
DATA MORTGAGE, INC. 1 3.63% $5,808
SUN WEST MORTGAGE COMPANY, INC. 1 5.50% $5,366
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.75% $4,635
CORNERSTONE HOME LENDING, INC. 1 6.63% $6,253
COMPASS MORTGAGE, INC. 1 7.63% $4,324
T2 FINANCIAL LLC 1 6.00% $9,879
The Federal Savings Bank 1 4.25% $5,892
CNB Bank And Trust, N.A. 1 4.40% $4,790
IMPAC MORTGAGE CORP. 1 8.88% $8,077
Ameris Bank 1 4.75% $12,281
ISERVE RESIDENTIAL LENDING, LLC 1 4.13% $12,887
Johnson Bank 1 6.80% $2,179
JPMorgan Chase Bank 1 2.99% $2,090
THE TENNESSEE CREDIT UNION 1 5.63% $2,163
Third Federal Savings and Loan Association of Cleveland 1 4.94% $5,970
Kwik Mortgage Corporation 1 2.75% $1,096
Alcova Mortgage LLC 1 6.13% $5,723
GSF Mortgage Corporation 1 7.13% $3,796
Legends Bank 1 5.38% $2,366
L & N Federal Credit Union 1 6.00% $1,472
Capitol Federal Savings Bank 1 5.88% $5,952
MICHIGAN MUTUAL, INC. 1 6.13% $3,995
Midwest Community Bank 1 3.13% $3,343
EVERETT FINANCIAL, INC. 1 4.13% $2,797
Morgan Stanley Private Bank 1 2.60% $3,802

MORRISTOWN Average Closing Costs & Other Stats

MORRISTOWN, TN's 173 lenders originated 4,072 loans during 2022. The total origination value was $950,720,000, with an average loan value of $233,477.

MORRISTOWN's average closing costs are $5,161.

The top MORRISTOWN lender as defined by loan originations is MORTGAGE INVESTORS GROUP, INC., with 136 loans originated. Their average total fees are $5,176, which is $681 higher than the next largest lender, KNOXVILLE TVA EMPLOYEES CREDIT UNION.

The lowest fee MORRISTOWN lenders (with over 10 loans originated) are Commercial Bank ($2,115), EASTMAN ($3,123), CONSUMER Credit Union ($3,325), First Horizon Bank ($3,562) and DHI MORTGAGE COMPANY, LTD. ($3,666).

The lowest rate MORRISTOWN lenders (with over 10 loans originated) are CONSUMER Credit Union (3.38%), The Huntington National Bank (3.89%), AMERISAVE MORTGAGE CORPORATION (3.95%), LOANDEPOT.COM, LLC (4.22%) and ORNL Federal Credit Union (4.30%).

MORRISTOWN, TN Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
MORTGAGE INVESTORS GROUP, INC. $88,380,000 $62,210,000 -29.6% 6.5%
EASTMAN $33,540,000 $47,940,000 42.9% 5.0%
KNOXVILLE TVA EMPLOYEES CREDIT UNION $49,860,000 $47,220,000 -5.3% 5.0%
QUICKEN LOANS, LLC $81,380,000 $47,095,000 -42.1% 5.0%
Citizens National Bank $12,610,000 $33,800,000 168.0% 3.6%
DHI MORTGAGE COMPANY, LTD. $10,570,000 $32,900,000 211.3% 3.5%
CONSUMER Credit Union $35,330,000 $30,460,000 -13.8% 3.2%
ORNL Federal Credit Union $29,435,000 $21,680,000 -26.3% 2.3%
Mortgage Research Center, LLC $16,655,000 $20,160,000 21.0% 2.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $25,095,000 $18,650,000 -25.7% 2.0%
UNITED WHOLESALE MORTGAGE, LLC $19,965,000 $18,300,000 -8.3% 1.9%
First Horizon Bank $14,590,000 $17,480,000 19.8% 1.8%
U.S. Bank $21,385,000 $16,125,000 -24.6% 1.7%
Andrew Johnson Bank $8,455,000 $15,725,000 86.0% 1.7%
INTERLINC MORTGAGE SERVICES, LLC $12,375,000 $15,270,000 23.4% 1.6%
CMG MORTGAGE, INC. $32,895,000 $14,645,000 -55.5% 1.5%
BROKER SOLUTIONS, INC. $15,745,000 $14,110,000 -10.4% 1.5%
FirstBank $17,390,000 $12,725,000 -26.8% 1.3%
MOVEMENT MORTGAGE, LLC $13,510,000 $12,290,000 -9.0% 1.3%
Farm Credit Mid-America, ACA $18,230,000 $11,625,000 -36.2% 1.2%
PENNYMAC LOAN SERVICES, LLC $14,100,000 $11,455,000 -18.8% 1.2%
LOANDEPOT.COM, LLC $17,875,000 $10,995,000 -38.5% 1.2%
Regions Bank $16,405,000 $10,920,000 -33.4% 1.1%
FIRST COMMUNITY MORTGAGE, INC. $13,190,000 $10,455,000 -20.7% 1.1%
Commercial Bank $10,620,000 $10,380,000 -2.3% 1.1%
FREEDOM MORTGAGE CORPORATION $30,155,000 $10,345,000 -65.7% 1.1%
Community Trust Bank, Inc. $11,305,000 $10,255,000 -9.3% 1.1%
UNION HOME MORTGAGE CORP. $3,645,000 $9,855,000 170.4% 1.0%
Truist $13,645,000 $9,355,000 -31.4% 1.0%
ACADEMY MORTGAGE CORPORATION $11,015,000 $8,785,000 -20.2% 0.9%
The Huntington National Bank $3,045,000 $8,505,000 179.3% 0.9%
VANDERBILT MORTGAGE AND FINANCE, INC. $8,270,000 $8,365,000 1.1% 0.9%
Wells Fargo Bank $13,390,000 $8,250,000 -38.4% 0.9%
Citizens Bank $375,000 $8,140,000 2,070.7% 0.9%
NAVY FEDERAL CREDIT UNION $6,055,000 $8,070,000 33.3% 0.8%
CALIBER HOME LOANS, INC. $6,720,000 $7,995,000 19.0% 0.8%
Home Federal Bank of Tennessee $13,865,000 $7,900,000 -43.0% 0.8%
CROSSCOUNTRY MORTGAGE, LLC $3,825,000 $7,735,000 102.2% 0.8%
Mountain Commerce Bank $3,800,000 $7,720,000 103.2% 0.8%
HomeTrust Bank $19,730,000 $6,905,000 -65.0% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $7,775,000 $6,860,000 -11.8% 0.7%
HOME POINT FINANCIAL CORPORATION $11,355,000 $6,465,000 -43.1% 0.7%
Citizens Bank $375,000 $5,945,000 1,485.3% 0.6%
AMERISAVE MORTGAGE CORPORATION $7,185,000 $5,815,000 -19.1% 0.6%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $3,910,000 $5,595,000 43.1% 0.6%
Tennessee State Bank $2,150,000 $5,375,000 150.0% 0.6%
USAA Federal Savings Bank $1,810,000 $5,245,000 189.8% 0.6%
SmartBank $1,645,000 $4,685,000 184.8% 0.5%
Northpointe Bank $1,905,000 $4,635,000 143.3% 0.5%
First Century Bank $3,710,000 $4,260,000 14.8% 0.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,080,000 $4,195,000 2.8% 0.4%
AMERICAN FINANCIAL RESOURCES, INC. $4,260,000 $4,070,000 -4.5% 0.4%
GUILD MORTGAGE COMPANY $1,965,000 $3,905,000 98.7% 0.4%
Sierra Pacific Mortgage Company, Inc. $4,145,000 $3,895,000 -6.0% 0.4%
Gateway First Bank $5,490,000 $3,860,000 -29.7% 0.4%
Capital One $3,405,000 n/a 0.4%
21ST MORTGAGE CORPORATION $3,915,000 $3,140,000 -19.8% 0.3%
Carrington Mortgage Services, LLC $1,610,000 $3,070,000 90.7% 0.3%
KeyBank $3,065,000 n/a 0.3%
GUARANTEED RATE, INC. $1,910,000 $2,865,000 50.0% 0.3%
The Federal Savings Bank $1,165,000 $2,835,000 143.3% 0.3%
UBS Bank USA $1,805,000 $2,750,000 52.4% 0.3%
FIRST BANCORP, INC. $1,605,000 $2,665,000 66.0% 0.3%
STOCKTON MORTGAGE CORPORATION $3,475,000 $2,625,000 -24.5% 0.3%
NEWREZ LLC $7,725,000 $2,605,000 -66.3% 0.3%
United Community Bank $4,255,000 $2,555,000 -40.0% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $1,115,000 $2,520,000 126.0% 0.3%
VAN DYK MORTGAGE CORPORATION $370,000 $2,485,000 571.6% 0.3%
Y-12 Federal Credit Union $3,805,000 $2,390,000 -37.2% 0.3%
NEW DAY FINANCIAL, LLC $5,955,000 $2,270,000 -61.9% 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,300,000 $2,265,000 74.2% 0.2%
LAKEVIEW LOAN SERVICING, LLC $6,675,000 $2,190,000 -67.2% 0.2%
Peoples Bank $2,095,000 n/a 0.2%
Wolfe Financial, Inc $1,325,000 $2,080,000 57.0% 0.2%
Bank of America $4,350,000 $2,070,000 -52.4% 0.2%
Pinnacle Bank $4,625,000 $2,045,000 -55.8% 0.2%
STATE EMPLOYEES' $1,220,000 $2,010,000 64.8% 0.2%
Wilson Bank And Trust $860,000 $1,975,000 129.7% 0.2%
Home Federal Bank Corporation $1,430,000 $1,960,000 37.1% 0.2%
Flagstar Bank, FSB $2,445,000 $1,870,000 -23.5% 0.2%
JPMorgan Chase Bank $8,040,000 $1,860,000 -76.9% 0.2%
1ST SIGNATURE LENDING, LLC $2,330,000 $1,795,000 -23.0% 0.2%
NATIONS DIRECT MORTGAGE, LLC $1,455,000 $1,755,000 20.6% 0.2%
CHURCHILL MORTGAGE CORPORATION $3,075,000 $1,690,000 -45.0% 0.2%
Countybank $1,640,000 $1,680,000 2.4% 0.2%
SOUTHWEST STAGE FUNDING, LLC $2,215,000 $1,650,000 -25.5% 0.2%
SECURITYNATIONAL MORTGAGE COMPANY $1,160,000 $1,610,000 38.8% 0.2%
CRESCENT MORTGAGE COMPANY $2,420,000 $1,515,000 -37.4% 0.2%
GUARANTY HOME MORTGAGE CORPORATION $780,000 $1,480,000 89.7% 0.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $1,425,000 n/a 0.1%
ServisFirst Bank $1,405,000 n/a 0.1%
First National Bank of America $1,395,000 n/a 0.1%
Peoples Bank of the South $2,290,000 $1,385,000 -39.5% 0.1%
PHH Mortgage Corporation $145,000 $1,375,000 848.3% 0.1%
HOMESIDE FINANCIAL, LLC $990,000 $1,370,000 38.4% 0.1%
Alcova Mortgage LLC $350,000 $1,350,000 285.7% 0.1%
DEEPHAVEN MORTGAGE LLC $1,295,000 n/a 0.1%
ENRICHMENT $365,000 $1,245,000 241.1% 0.1%
ZILLOW HOME LOANS, LLC $570,000 $1,235,000 116.7% 0.1%
EVERETT FINANCIAL, INC. $800,000 $1,225,000 53.1% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $380,000 $1,210,000 218.4% 0.1%
BNC National Bank $245,000 $1,205,000 391.8% 0.1%
TOP FLITE FINANCIAL, INC. $215,000 $1,190,000 453.5% 0.1%
Discover Bank $215,000 $1,185,000 451.2% 0.1%
MYCUMORTGAGE, LLC $1,175,000 $1,145,000 -2.6% 0.1%
Third Federal Savings and Loan Association of Cleveland $330,000 $1,140,000 245.5% 0.1%
KNOXVILLE TEACHERS FEDERAL CREDIT UNION $680,000 $1,125,000 65.4% 0.1%
AMERICAN ADVISORS GROUP $525,000 $1,120,000 113.3% 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $515,000 $1,080,000 109.7% 0.1%
AMERICAN MORTGAGE SERVICE COMPANY $2,405,000 $1,055,000 -56.1% 0.1%
PENTAGON FEDERAL CREDIT UNION $205,000 $1,050,000 412.2% 0.1%
VILLAGE CAPITAL MORTGAGE $2,655,000 $1,030,000 -61.2% 0.1%
BETTER MORTGAGE CORPORATION $2,960,000 $1,015,000 -65.7% 0.1%
HANCOCK MORTGAGE PARTNERS, LLC $360,000 $990,000 175.0% 0.1%
GUARANTEED RATE AFFINITY, LLC $975,000 n/a 0.1%
Franklin Loan Corporation $965,000 n/a 0.1%
First State Bank of the Southeast, Inc. $235,000 $940,000 300.0% 0.1%
Capitol Federal Savings Bank $935,000 n/a 0.1%
TJC Mortgage, Inc. $1,570,000 $930,000 -40.8% 0.1%
AMCAP MORTGAGE, LTD. $495,000 $920,000 85.9% 0.1%
BAY EQUITY LLC $4,785,000 $885,000 -81.5% 0.1%
Bank of Tennessee $3,050,000 $880,000 -71.1% 0.1%
First Option Mortgage, LLC $870,000 n/a 0.1%
LADERA LENDING, INC. $1,110,000 $865,000 -22.1% 0.1%
Deere Employees Credit Union $425,000 $860,000 102.4% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $340,000 $860,000 152.9% 0.1%
TRIAD FINANCIAL SERVICES, INC. $170,000 $850,000 400.0% 0.1%
Hometown Equity Mortgage, LLC $845,000 n/a 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,065,000 $835,000 -21.6% 0.1%
First Guaranty Mortgage Corporation $1,770,000 $825,000 -53.4% 0.1%
Barrington Bank & Trust Company, N.A. $3,865,000 $820,000 -78.8% 0.1%
MILEND, INC. $810,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $1,395,000 $810,000 -41.9% 0.1%
DATA MORTGAGE, INC. $805,000 n/a 0.1%
CHERRY CREEK MORTGAGE, LLC $375,000 $800,000 113.3% 0.1%
Village Bank & Trust $795,000 n/a 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $510,000 $790,000 54.9% 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $315,000 $780,000 147.6% 0.1%
Powell Valley National Bank $320,000 $755,000 135.9% 0.1%
EMBRACE HOME LOANS, INC. $195,000 $745,000 282.1% 0.1%
Citadel Servicing Corporation $740,000 n/a 0.1%
LENDSURE MORTGAGE CORP. $715,000 n/a 0.1%
Apex Bank $320,000 $700,000 118.8% 0.1%
NBKC BANK $330,000 $690,000 109.1% 0.1%
ROYAL UNITED MORTGAGE LLC $1,080,000 $680,000 -37.0% 0.1%
Wyndham Capital Mortgage, Inc. $1,265,000 $680,000 -46.2% 0.1%
Peoples Bank of East Tennessee $675,000 n/a 0.1%
Renasant Bank $3,515,000 $665,000 -81.1% 0.1%
ISERVE RESIDENTIAL LENDING, LLC $1,665,000 $650,000 -61.0% 0.1%
Paramount Residential Mortgage Group, Inc. $3,510,000 $640,000 -81.8% 0.1%
Texana Bank $640,000 n/a 0.1%
PLANET HOME LENDING, LLC $375,000 $635,000 69.3% 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $1,110,000 $635,000 -42.8% 0.1%
ALTRA $125,000 $610,000 388.0% 0.1%
CLEARPATH LENDING $2,155,000 $605,000 -71.9% 0.1%
Hometown Lenders, Inc. $2,570,000 $585,000 -77.2% 0.1%
Ameris Bank $570,000 $575,000 0.9% 0.1%
CORNERSTONE HOME LENDING, INC. $500,000 $575,000 15.0% 0.1%
NFM, INC. $565,000 n/a 0.1%
THE TENNESSEE CREDIT UNION $540,000 $565,000 4.6% 0.1%
AMERICAN FINANCING CORPORATION $2,470,000 $560,000 -77.3% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $2,850,000 $550,000 -80.7% 0.1%
AmRes Corporation $545,000 n/a 0.1%
U. T. $555,000 $545,000 -1.8% 0.1%
ANGEL OAK HOME LOANS LLC $540,000 n/a 0.1%
CNB Bank And Trust, N.A. $525,000 n/a 0.1%
Morgan Stanley Private Bank $525,000 n/a 0.1%
Simply Bank $525,000 n/a 0.1%
WesBanco Bank, Inc. $515,000 n/a 0.1%
Nations Lending Corporation $1,250,000 $510,000 -59.2% 0.1%
T2 FINANCIAL LLC $1,150,000 $510,000 -55.7% 0.1%
ALLIANT CREDIT UNION $505,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $740,000 $490,000 -33.8% 0.1%
First United Bank and Trust Company $485,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $285,000 $485,000 70.2% 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $485,000 n/a 0.1%
Citizens National Bank, N.A. $475,000 n/a 0.0%
CONTOUR MORTGAGE CORPORATION $290,000 $470,000 62.1% 0.0%
North American Savings Bank, F.S.B. $985,000 $460,000 -53.3% 0.0%
Sunflower Bank $455,000 n/a 0.0%
COMPASS MORTGAGE, INC. $430,000 n/a 0.0%
GSF Mortgage Corporation $430,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $395,000 $430,000 8.9% 0.0%
First Community Bank of East Tennessee $425,000 n/a 0.0%
NP, Inc. $725,000 $415,000 -42.8% 0.0%
First Bank of Berne $405,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,240,000 $405,000 -67.3% 0.0%
LOANPAL, LLC $85,000 $405,000 376.5% 0.0%
SouthEast Bank $490,000 $405,000 -17.3% 0.0%
CALCON MUTUAL MORTGAGE LLC $565,000 $395,000 -30.1% 0.0%
Figure Lending LLC $185,000 $395,000 113.5% 0.0%
Simmons Bank $805,000 $390,000 -51.6% 0.0%
Bank of England $2,990,000 $380,000 -87.3% 0.0%
EMM LOANS LLC $175,000 $380,000 117.1% 0.0%
One Bank of Tennessee $645,000 $380,000 -41.1% 0.0%
Kwik Mortgage Corporation $375,000 n/a 0.0%
TOTAL MORTGAGE SERVICES, LLC $375,000 n/a 0.0%
Equity Prime Mortgage LLC $655,000 $360,000 -45.0% 0.0%
Austin Capital Bank SSB $355,000 n/a 0.0%
Waterstone Mortgage Corporation $275,000 $350,000 27.3% 0.0%
PNC Bank $495,000 $345,000 -30.3% 0.0%
UNITED $340,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $335,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $335,000 n/a 0.0%
Magnolia Bank $105,000 $330,000 214.3% 0.0%
First Bank $315,000 n/a 0.0%
First National Bank of Bosque County $315,000 n/a 0.0%
Princeton Mortgage Corporation $1,250,000 $315,000 -74.8% 0.0%
Strong Home Mortgage, LLC $205,000 $315,000 53.7% 0.0%
Neighborhood Loans, Inc. $305,000 n/a 0.0%
SIRVA MORTGAGE, INC. $295,000 $305,000 3.4% 0.0%
Brighton Bank $295,000 n/a 0.0%
City National Bank of Florida $295,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $510,000 $295,000 -42.2% 0.0%
First Commonwealth Bank $295,000 n/a 0.0%
LEADERONE FINANCIAL CORPORATION $165,000 $265,000 60.6% 0.0%
SOUTHERN TRUST MORTGAGE, LLC $455,000 $255,000 -44.0% 0.0%
DOMINION FINANCIAL SERVICES, LLC $245,000 n/a 0.0%
GENEVA FINANCIAL, LLC $590,000 $245,000 -58.5% 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $245,000 n/a 0.0%
Goldwater Bank, N.A. $245,000 n/a 0.0%
MORTGAGE FINANCIAL GROUP, INC. $245,000 n/a 0.0%
Quontic Bank $235,000 n/a 0.0%
ARC HOME LLC $225,000 n/a 0.0%
AMERIFIRST FINANCIAL CORPORATION $215,000 n/a 0.0%
FLAT BRANCH MORTGAGE, INC. $215,000 n/a 0.0%
RESIDENTIAL BANCORP. $215,000 n/a 0.0%
Southern First Bank $215,000 n/a 0.0%
SOUTHPOINT FINANCIAL SERVICES, INC. $215,000 n/a 0.0%
CITY EMPLOYEES CREDIT UNION $640,000 $210,000 -67.2% 0.0%
Fifth Third Bank $2,745,000 $210,000 -92.3% 0.0%
Atlantic Union Bank $235,000 $205,000 -12.8% 0.0%
Midwest Community Bank $205,000 n/a 0.0%
Johnson Bank $195,000 n/a 0.0%
LIBERTY HOME MORTGAGE CORPORATION $195,000 n/a 0.0%
The Central Trust Bank $325,000 $195,000 -40.0% 0.0%
IMPAC MORTGAGE CORP. $2,160,000 $185,000 -91.4% 0.0%
MORIA DEVELOPMENT, INC. $185,000 n/a 0.0%
RESIDENTIAL MORTGAGE SERVICES, INC. $185,000 n/a 0.0%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $205,000 $175,000 -14.6% 0.0%
First Reliance Bank $175,000 n/a 0.0%
GoPrime Mortgage, Inc. $410,000 $175,000 -57.3% 0.0%
MID AMERICA MORTGAGE, INC. $370,000 $175,000 -52.7% 0.0%
Appalachian Community Federal Credit Union $165,000 n/a 0.0%
NASA Federal Credit Union $155,000 n/a 0.0%
South State Bank $405,000 $155,000 -61.7% 0.0%
Whitaker Bank $155,000 n/a 0.0%
GVC MORTGAGE, INC. $145,000 n/a 0.0%
Legends Bank $135,000 n/a 0.0%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $420,000 $125,000 -70.2% 0.0%
Commerce Home Mortgage, Inc. $105,000 $125,000 19.0% 0.0%
ASPIRE FINANCIAL, INC. $115,000 n/a 0.0%
Low VA Rates, LLC $1,075,000 $115,000 -89.3% 0.0%
ASCEND FEDERAL CREDIT UNION $105,000 n/a 0.0%
Baxter Credit Union $235,000 $105,000 -55.3% 0.0%
L & N Federal Credit Union $105,000 n/a 0.0%
Republic Bank & Trust Company $105,000 n/a 0.0%
TENNESSEE VALLEY $275,000 $105,000 -61.8% 0.0%
First Home Bank $225,000 $95,000 -57.8% 0.0%
MICHIGAN MUTUAL, INC. $95,000 n/a 0.0%
The Bank of Marion $90,000 n/a 0.0%
RUOFF MORTGAGE COMPANY, INC. $115,000 $85,000 -26.1% 0.0%
TEMPLE VIEW CAPITAL FUNDING, LP $85,000 n/a 0.0%
Mortgage Lenders Investment Trading Corporation $75,000 n/a 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $870,000 $75,000 -91.4% 0.0%
SPRING EQ, LLC $120,000 $65,000 -45.8% 0.0%
Farmers and Miners Bank $55,000 n/a 0.0%
TNConnect Credit Union $45,000 $45,000 0.0% 0.0%
1st Franklin Financial Corporation $150,000 $35,000 -76.7% 0.0%
Kingsport Press Credit Union $185,000 $35,000 -81.1% 0.0%
Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%
THRIVENT Federal Credit Union $25,000 n/a 0.0%
Truliant Federal Credit Union $25,000 n/a 0.0%

MORRISTOWN's top lender by overall market share is MORTGAGE INVESTORS GROUP, INC., with 6.5% market share. In second place, with 5.0%, is EASTMAN, having originated $47,940,000 in loans. In third place, with 5.0%, is KNOXVILLE TVA EMPLOYEES CREDIT UNION, having originated $47,220,000 in loans. In fourth place, with 5.0%, is QUICKEN LOANS, LLC, having originated $47,095,000 in loans. In fifth place, with 3.6%, is Citizens National Bank, having originated $33,800,000 in loans.


MORRISTOWN Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - MORRISTOWN (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $224,900 (28.6%) $309,552 (25.2%) 0.00 588
2018-02-01 $226,675 (28.9%) $314,450 (27.6%) 0.00 558
2018-03-01 $229,900 (27.8%) $317,604 (27.0%) 0.00 563
2018-04-01 $237,450 (21.8%) $322,576 (23.7%) 0.00 560
2018-05-01 $237,325 (18.0%) $315,803 (15.4%) 0.00 587
2018-06-01 $239,900 (16.9%) $312,359 (11.6%) 0.00 588
2018-07-01 $229,900 (15.0%) $303,257 (5.9%) 0.00 612
2018-08-01 $229,925 (13.6%) $298,688 (0.8%) 0.00 606
2018-09-01 $229,900 (7.1%) $299,622 (-0.3%) 0.00 632
2018-10-01 $217,400 (0.3%) $290,914 (-2.9%) 0.00 633
2018-11-01 $212,400 (-0.7%) $283,667 (-7.5%) 0.00 595
2018-12-01 $214,900 (0.0%) $278,039 (-9.2%) 0.00 548
2019-01-01 $215,000 (-4.4%) $278,279 (-10.1%) 0.00 497
2019-02-01 $219,675 (-3.1%) $283,942 (-9.7%) 0.00 475
2019-03-01 $231,357 (0.6%) $304,772 (-4.0%) 0.00 450
2019-04-01 $239,900 (1.0%) $322,426 (-0.1%) 0.00 449
2019-05-01 $248,425 (4.7%) $334,571 (5.9%) 0.00 474
2019-06-01 $249,900 (4.2%) $342,057 (9.5%) 0.00 497
2019-07-01 $237,150 (3.2%) $334,399 (10.3%) 0.00 515
2019-08-01 $233,173 (1.4%) $330,163 (10.5%) 0.00 510
2019-09-01 $231,332 (0.6%) $324,730 (8.4%) 0.00 505
2019-10-01 $235,105 (8.1%) $323,256 (11.1%) 0.00 500
2019-11-01 $235,000 (10.6%) $325,764 (14.8%) 0.00 483
2019-12-01 $237,200 (10.4%) $325,462 (17.1%) 0.00 438
2020-01-01 $225,000 (4.7%) $309,086 (11.1%) 0.00 414
2020-02-01 $232,210 (5.7%) $312,914 (10.2%) 0.00 393
2020-03-01 $229,900 (-0.6%) $310,395 (1.8%) 0.00 380
2020-04-01 $237,165 (-1.1%) $311,566 (-3.4%) 0.00 352
2020-05-01 $249,900 (0.6%) $324,581 (-3.0%) 0.00 332
2020-06-01 $270,725 (8.3%) $355,835 (4.0%) 0.00 286
2020-07-01 $278,700 (17.5%) $365,837 (9.4%) 0.00 268
2020-08-01 $279,900 (20.0%) $372,456 (12.8%) 0.00 248
2020-09-01 $293,450 (26.9%) $376,459 (15.9%) 0.00 213
2020-10-01 $255,450 (8.7%) $385,075 (19.1%) 0.00 216
2020-11-01 $254,900 (8.5%) $373,221 (14.6%) 0.00 238
2020-12-01 $251,175 (5.9%) $388,901 (19.5%) 0.00 223
2021-01-01 $249,900 (11.1%) $376,602 (21.8%) 0.00 203
2021-02-01 $287,425 (23.8%) $384,323 (22.8%) 0.00 165
2021-03-01 $333,675 (45.1%) $444,542 (43.2%) 0.00 148
2021-04-01 $335,000 (41.3%) $464,411 (49.1%) 0.00 148
2021-05-01 $339,950 (36.0%) $502,665 (54.9%) 0.00 148
2021-06-01 $322,200 (19.0%) $455,550 (28.0%) 0.00 166
2021-07-01 $334,450 (20.0%) $474,415 (29.7%) 0.00 193
2021-08-01 $324,900 (16.1%) $476,468 (27.9%) 0.00 209
2021-09-01 $312,450 (6.5%) $467,009 (24.1%) 0.00 231
2021-10-01 $307,900 (20.5%) $465,881 (21.0%) 0.00 247
2021-11-01 $325,000 (27.5%) $462,598 (24.0%) 0.00 238
2021-12-01 $334,450 (33.2%) $487,005 (25.2%) 0.00 196
2022-01-01 $329,450 (31.8%) $465,937 (23.7%) 0.00 159
2022-02-01 $355,925 (23.8%) $508,113 (32.2%) 0.00 137
2022-03-01 $346,466 (3.8%) $489,865 (10.2%) 0.00 162
2022-04-01 $359,000 (7.2%) $506,597 (9.1%) 0.00 183
2022-05-01 $379,950 (11.8%) $504,149 (0.3%) 0.00 219
2022-06-01 $384,900 (19.5%) $515,146 (13.1%) 0.00 248
2022-07-01 $375,000 (12.1%) $504,270 (6.3%) 0.00 307
2022-08-01 $360,725 (11.0%) $494,406 (3.8%) 0.00 298
2022-09-01 $370,925 (18.7%) $493,419 (5.7%) 0.00 282
2022-10-01 $349,900 (13.6%) $487,149 (4.6%) 0.00 304
2022-11-01 $344,000 (5.9%) $488,448 (5.6%) 0.00 334
2022-12-01 $350,000 (4.7%) $501,532 (3.0%) 0.00 297
2023-01-01 $346,118 (5.1%) $470,740 (1.0%) 0.00 270
2023-02-01 $349,700 (-1.8%) $475,485 (-6.4%) 0.00 280
2023-03-01 $384,950 (11.1%) $509,310 (4.0%) 0.00 285
2023-04-01 $399,900 (11.4%) $520,300 (2.7%) 0.00 257
2023-05-01 $449,975 (18.4%) $567,682 (12.6%) 0.00 255
2023-06-01 $457,450 (18.9%) $565,499 (9.8%) 0.00 275
2023-07-01 $462,500 (23.3%) $679,906 (34.8%) 0.00 286
2023-08-01 $454,675 (26.0%) $682,377 (38.0%) 0.00 298
2023-09-01 $454,500 (22.5%) $611,972 (24.0%) 0.00 303
2023-10-01 $449,900 (28.6%) $599,079 (23.0%) 0.00 328
MORRISTOWN's median listing price for 2023-10-01 was $449,900, a difference of $100,000 (28.6%) versus the prior year and $-4,600 versus the prior month.

MORRISTOWN's median listing price comes in at 0% of the national average.

MORRISTOWN's average listing price for 2023-10-01 was $599,079, a difference of $111,930 (23.0%) versus the prior year and $-12,893 versus the prior month.

For the 2023-10-01 period, MORRISTOWN had 328 MLS listings, a difference of 25 listings (8%) versus the prior month and 24 listings (8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - MORRISTOWN (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,883 sqft
2018-02-01 0 days 1,904 sqft
2018-03-01 0 days 1,920 sqft
2018-04-01 0 days 1,969 sqft
2018-05-01 0 days 1,971 sqft
2018-06-01 0 days 1,980 sqft
2018-07-01 0 days 1,942 sqft
2018-08-01 0 days 1,947 sqft
2018-09-01 0 days 1,962 sqft
2018-10-01 0 days 1,958 sqft
2018-11-01 0 days 1,944 sqft
2018-12-01 0 days 1,931 sqft
2019-01-01 0 days 1,939 sqft
2019-02-01 0 days 1,942 sqft
2019-03-01 0 days 2,011 sqft
2019-04-01 0 days 2,038 sqft
2019-05-01 0 days 2,009 sqft
2019-06-01 0 days 2,052 sqft
2019-07-01 0 days 2,004 sqft
2019-08-01 0 days 2,003 sqft
2019-09-01 0 days 2,021 sqft
2019-10-01 0 days 2,046 sqft
2019-11-01 0 days 2,000 sqft
2019-12-01 0 days 1,973 sqft
2020-01-01 0 days 1,883 sqft
2020-02-01 0 days 1,914 sqft
2020-03-01 0 days 1,881 sqft
2020-04-01 0 days 1,904 sqft
2020-05-01 0 days 1,944 sqft
2020-06-01 0 days 1,993 sqft
2020-07-01 0 days 1,965 sqft
2020-08-01 0 days 2,016 sqft
2020-09-01 0 days 2,037 sqft
2020-10-01 0 days 1,900 sqft
2020-11-01 0 days 1,859 sqft
2020-12-01 0 days 1,876 sqft
2021-01-01 0 days 1,820 sqft
2021-02-01 0 days 1,832 sqft
2021-03-01 0 days 1,958 sqft
2021-04-01 0 days 2,014 sqft
2021-05-01 0 days 2,000 sqft
2021-06-01 0 days 1,966 sqft
2021-07-01 0 days 2,018 sqft
2021-08-01 0 days 1,948 sqft
2021-09-01 0 days 2,031 sqft
2021-10-01 0 days 2,070 sqft
2021-11-01 0 days 2,011 sqft
2021-12-01 0 days 2,017 sqft
2022-01-01 0 days 1,920 sqft
2022-02-01 0 days 1,889 sqft
2022-03-01 0 days 1,935 sqft
2022-04-01 0 days 1,863 sqft
2022-05-01 0 days 1,940 sqft
2022-06-01 0 days 1,987 sqft
2022-07-01 0 days 1,991 sqft
2022-08-01 0 days 1,985 sqft
2022-09-01 0 days 2,019 sqft
2022-10-01 0 days 1,981 sqft
2022-11-01 0 days 1,910 sqft
2022-12-01 0 days 1,943 sqft
2023-01-01 0 days 1,871 sqft
2023-02-01 0 days 1,937 sqft
2023-03-01 0 days 1,997 sqft
2023-04-01 0 days 2,048 sqft
2023-05-01 0 days 2,221 sqft
2023-06-01 0 days 2,117 sqft
2023-07-01 0 days 2,200 sqft
2023-08-01 0 days 2,146 sqft
2023-09-01 0 days 2,094 sqft
2023-10-01 0 days 2,078 sqft
MORRISTOWN's median listing age (time on market) for 2023-10-01 was 0 days.

MORRISTOWN's median square footage for active listings during the 2023-10-01 period was 2,078 sqft. One year prior, the average listing was 1,981 sqft.

MORRISTOWN, TN Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
37711 Morristown, TN $520 $550 $700 $930 $1,010
37725 Morristown, TN $680 $680 $900 $1,240 $1,330
37760 Morristown, TN $540 $550 $720 $1,000 $1,060
37764 Morristown, TN $630 $700 $860 $1,130 $1,330
37813 Morristown, TN $570 $570 $750 $1,040 $1,110
37814 Morristown, TN $600 $610 $800 $1,110 $1,180
37815 Morristown, TN $580 $590 $770 $1,060 $1,140
37816 Morristown, TN $580 $590 $770 $1,060 $1,140
37820 Morristown, TN $520 $520 $680 $940 $1,000
37821 Morristown, TN $550 $560 $730 $1,010 $1,080
37860 Morristown, TN $520 $520 $680 $930 $1,000
37871 Morristown, TN $690 $740 $930 $1,250 $1,420
37876 Morristown, TN $630 $630 $830 $1,150 $1,230
37877 Morristown, TN $570 $580 $760 $1,050 $1,120
37890 Morristown, TN $520 $520 $680 $930 $1,000
37891 Morristown, TN $530 $540 $700 $960 $1,030

2022 Average & Median Rent Data Statistics
MORRISTOWN, TN average 1BR rent: $591, median: $575
MORRISTOWN, TN average 2BR rent: $766, median: $755
MORRISTOWN, TN average 3BR rent: $1,049, median: $1,045

MORRISTOWN, TN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,201 $583,965,000 $265,318
Cash Out Refi 922 $203,830,000 $221,074
Refi 397 $105,165,000 $264,899
Home Improvement 311 $31,725,000 $102,010
Other 241 $26,035,000 $108,029

Morristown's most frequently cited loan purpose was Home Purchase, with 2,201 originations. The 2nd most popular reason was Cash Out Refi, with 922 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 951 $202,805,000 $213,254
4-5% 937 $245,825,000 $262,353
3-4% 910 $200,200,000 $220,000
6-7% 432 $83,890,000 $194,190
2.5-3% 328 $69,510,000 $211,921
7-8% 122 $22,330,000 $183,033
<2.5% 117 $21,255,000 $181,667
Over 8% 104 $16,700,000 $160,577

During 2022, Morristown's most frequently originated rate bucket was 5-6%, with 951 originations.

Loan Sizing (MORRISTOWN, TN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,504 $407,390,000 $270,871
$100k-200k 1,400 $208,760,000 $149,114
$100,000 or less 788 $44,990,000 $57,094
$400k-600k 254 $121,010,000 $476,417
$600k-1000k 100 $74,690,000 $746,900
$Over $1MM 26 $93,880,000 $3,610,769

MORRISTOWN's loan sizing saw the bucket of loans from $200k-400k with 1,504 originations, totaling $407,390,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,557 $400,215,000 $257,042
60-80% 977 $272,575,000 $278,992
40-60% 531 $103,405,000 $194,736
20-40% 395 $41,415,000 $104,848
Under 20% 356 $18,610,000 $52,275
Over 100% 60 $23,820,000 $397,000

MORRISTOWN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,557 originations, totaling $400,215,000 in origination value.