Rent to Own Homes in Morristown
The city was officially incorporated in 1855 and was a site of active battle during the U.S. Civil War, during which it was divided between Union and Confederate supporters. Morristown became a commercial and manufacturing center during the transition from an agricultural economy.
Today, Morristown provides a wide array of activities suitable for the family. Cherokee Park and Cherokee Lake offer a wide range of outdoor activities, including hiking, boating and swimming. The Crockett Tavern Museum honors pioneer Davy Crockett, who was born in Morristown. The city's downtown boasts unique second-floor walkways, the Skymart, developed after a mid-20th century flood. The downtown district is home to an array of small businesses and antique shops and to a number of events and activities organized by the Morristown Area Chamber of Commerce and the downtown district.
Public schools in the city are operated by the Hamblen County Department of Education. There are four middle schools, and Morristown has two high schools, the Morristown-Hamblen High School East and the Morristown-Hamblen High School West. The city also hosts the main campus of Walters State Community College, as well as satellites for King University and Tusculum College.
Buying a Home in Morristown?
With an array of downtown amenities, great outdoor activities at Cherokee Lake and a close-knit, small-town feel, Morristown can be an attractive community to purchase a home. In Morristown, the median price of homes being sold is $98,450. There are a range of housing types and styles available for sale, from properties significantly below $98,450 to larger, newer homes almost double that price.
Popular Neighborhoods in Morristown?
The historic downtown in Morristown provides walkable access to shops and restaurants, as well as medical services at the city's downtown hospital. Morristown provides a small-town community feel, so the downtown is the most bustling part of the area with many events and planned activities. The West end of Morristown offers more expansive, larger homes and easy access to the well-regarded West High School. Areas in Morristown near Cherokee Lake and Cherokee Park offer especially good recreational opportunities for the entire family. Buying vs. Rent to Own Homes
If homeownership in Morristown is your goal, but you have a few steps to go before making it a reality, rent to own homes may be a great choice for you. With a rent to own home, you'll negotiate the purchase of a house today and contract to lease the home for a set period of time before entering into a regular home purchase. This period gives you time to save up for the down payment and improve your credit to obtain the most preferential mortgage rate, while locking in your home price today. A portion of your monthly rent will also be directed toward the purchase price of the home. When you are looking to put down roots in Morristown, rent to own properties may be an excellent option for your family.