HousingHandbookReference data

U.S. ZIP Code · TN37814

Hamblen County · Morristown, TN

Typical home value

$286,678[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.4%
5-year / yr
+8.5%
10-year / yr
+7.7%

Relative price

vs U.S.
≈ U.S. median
vs metro
-4.9%
vs state
+8.3%
ZIP 37814 location in TN
Location of ZIP 37814 in TN

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 37814 is worth $286,678 — 4.9% below the Morristown, TN median. Over the past year, values have risen 4.4%. Homes here rent for a typical $1,471 a month — a 6.2% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,471[2]
Gross yield
6.2%[2]
Cap rate
3.7%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.4%[3]
Typical annual tax
$1,151[3]

#Climate risk

FEMA National Risk Index ratings for Hamblen County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Very Low
Hurricane
Very Low
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
35,239[3]
Median household income
$55,650[3]

#Migration

Household moves in and out of Hamblen County over a year, from IRS tax-return data.

Net migration
+356[5]
Moved in
2,009
Moved out
1,653

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
6
Elementary
5
Middle
1
High
0
  • Manley Elementary

    Elementary · Grades PK–5 · Hamblen County

    618 students

  • Meadowview Middle School

    Middle · Grades 6–8 · Hamblen County

    597 students

  • Alpha Elementary

    Elementary · Grades K–5 · Hamblen County

    594 students

  • Fairview Marguerite

    Elementary · Grades PK–5 · Hamblen County

    502 students

  • West Elementary

    Elementary · Grades PK–5 · Hamblen County

    448 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield6.2%
Net yield (after ~40% expenses)3.7%
Annual rent$17,657

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,450
Loan principal$229,342
Down payment$57,336
Total interest paid$292,513

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.21
Monthly cost to own$1,784
Monthly rent$1,471

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
75th percentile[1]
Rental yield
0th percentile[2]
Property tax
63rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 37814?
The typical home in 37814 is worth $286,678, based on the Zillow Home Value Index.
Are home values rising in 37814?
Home values in 37814 are up 4.4% over the past year, and up 8.5% a year over five years.
What is the typical rent in 37814?
A typical home in 37814 rents for about $1,471 a month, a gross rental yield of 6.2%.
What is the property tax rate in 37814?
The effective property tax rate in 37814 is 0.4% — roughly $1,151 a year on a typical home.
Who lives in 37814?
ZIP code 37814 has a population of 35,239 and a median household income of $55,650.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • White Pine, TN

    Typical home
    $296,009
    Gross yield
  • Russellville CDP, TN

    Typical home
    $301,390
    Gross yield
  • Jefferson City, TN

    Typical home
    $304,898
    Gross yield
  • Morristown, TN

    Typical home
    $305,359
    Gross yield
  • Russellville CDP, TN

    Typical home
    $258,409
    Gross yield
  • New Market, TN

    Typical home
    $315,497
    Gross yield

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