ZIP comparison · Morristown, TN
37820 vs 37877
Side-by-side comparison of two ZIP codes — typical home value, rent, yield, taxes, schools, and demographics. The greener number on each row signals which ZIP comes out ahead on that metric.
| Metric | ZIP37820New Market, TN | ZIP37877Morristown, TN |
|---|---|---|
| Home value | ||
| Typical home value | Better: $315,497 | $305,359 |
| 1-year appreciation | +1.6% | Better: +2.8% |
| 5-year CAGR | Better: +8.0% | +7.9% |
| 10-year CAGR | Better: +8.4% | +7.8% |
| Rent & investment | ||
| Monthly rent | — | — |
| Gross yield | — | — |
| Cap rate | — | — |
| Property tax | ||
| Effective tax rate | 0.5% | Better: 0.4% |
| Typical annual tax | $1,440 | Better: $1,099 |
| Demographics | ||
| Population | 8,327 | 9,185 |
| Median household income | $66,616 | Better: $77,624 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively Low | Relatively Low |
| Net migration | +530 | +530 |
| Schools | ||
| Public schools | 1 | 1 |
| Students enrolled | 295 | 292 |