Morrison, TN—37357
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morrison, TN
As of Oct '25, the median home price in Morrison, TN is $303,000, with a year-over-year change of 1.8%. This indicates that home prices in Morrison, TN are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $303,000 | 1.9% |
| Single Family | $303,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $323,000 | 3.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morrison, TN
As of July '25, Rentcast reports the average rent in Morrison, TN is $1,460, with a year-over-year rent change of -18.9%. Per bedroom, the median rent as of July '25 in Morrison, TN is 2-bedrooms: $1,100, 3-bedrooms: $1,550. The most common rental property sizes in Morrison, TN are 3-bedroom and 2-bedroom, accounting for 48.7% and 34.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,460 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | $1,400 | $1,550 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Morrison, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Morrison, TN is 55. This is a increase of 46.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $417,000 | 4.0% |
Listing Count | 38 | 38.0% |
| Listings as % of Homes | 1.0% | 38.0% |
Days on Market | 55 | 46.0% |
Demographics — Morrison, TN
As of the latest ACS Survey released in 2023, Morrison, TN has a population of 5,750, which has increased by 1.7% over the past 5 years. Morrison, TN is a popular place for families, as children make up 30.2% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,750 | 1.7% |
% Under 18 | 30.2% | 11.4% |
% Seniors | 12.6% | 15.6% |
% WFH | 3.8% | -17.4% |
% w/ College Degree | 20.4% | 53.4% |
As of the latest ACS Survey released in 2023, Morrison, TN is a predominantly white area, with 82.7% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Morrison, TN is black, making up 7.0% of the population. Foreign-born residents account for 1.4% of the population in Morrison, TN, and this percentage has decreased by 80.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.7% | 2.4% |
% Black | 7.0% | 337.5% |
% Hispanic | 5.0% | -51.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.4% | -80.3% |
Mortgage and Risk — Morrison, TN
According to HUD data as of 2023, there were 117 mortgage originations in Morrison, TN, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Morrison, TN. Investor activity is low, as 5.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 117 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Morrison, TN
Morrison, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,300 |
| 2 Bedroom | $360 | $1,100 | $1,460 |
| 3 Bedroom | $440 | $1,400 | $1,840 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Morrison, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $303,000 |
| Median Household Income | $55,400 |