Market Overview
Home Prices in Morrison, TN
The median home value in Morrison, TN is $334,593 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.9% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morrison are priced18% below average. Morrison is part of the McMinnville, TN metro area.
Over the past five years, Morrison home values have risen by approximately42.7%, reflecting strong long-term appreciation in this market.
Price History
Morrison Home Price Trend
City Comparison
Morrison vs. National Median
At $334,593, homes in Morrison cost 18% below the national median of $410,000. This makes Morrison a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Morrison?
20% Down Payment
$66,919
on $334,593
Monthly P&I
$1,745/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,216/mo
incl. taxes & insurance
Income Needed
$88,640
gross annual (30% rule)
10% Down Option
$33,459
+ PMI applies
Loan Amount (20% dn)
$267,674
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Morrison, TN?
The median home value in Morrison is $334,593 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.9% year-over-year.
How much have home prices changed in Morrison?
Over the past year, home values in Morrison have increased by 7.9%. Over five years, prices have risen approximately 42.7%.
How much do I need to earn to buy a home in Morrison?
To comfortably afford the median home price of $334,593 with a 20% down payment ($66,919) at today's rates (6.8%), you'd need a gross annual income of approximately $88,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Morrison compare to the national average home price?
The national median home value is approximately $410,000. At $334,593, homes in Morrison are 18% below the national average.
What metro area is Morrison part of?
Morrison is part of the McMinnville, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.