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Morris Chapel

Learn about the people, housing, costs and businesses in Morris Chapel, Tennessee

Median Home$154,800
Median Rent$825/month
Population259
Leading IndustriesArts, Food & Hospitality · Professional Services · Healthcare8% arts, food & hospitality
Home Value Growth⬆⬆⬆+31.1% over 2 years
Young Adults42% of residentstop 2% nationally
Homeowners88% of occupied units
NotableHighly Educated30% bachelor's · 13% graduate · top 9% nationally
NotableAffordable Market$155k median home · lower cost than 72% of the country
Morris Chapel
TN

Frequently Asked Questions

What are today's mortgage rates in Morris Chapel?

As of today, the 30-year fixed mortgage rate for Morris Chapel is approximately 6.870% (6.905% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Morris Chapel?

The median home value in Morris Chapel is $155k. The median monthly rent is $825. Annual property taxes average $546. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morris Chapel?

Home values in Morris Chapel have increased 31.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Morris Chapel?

Based on a typical all-in ownership cost of $679/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morris Chapel is $50k/year.

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What industries drive the economy in Morris Chapel?

The largest employment sectors in Morris Chapel are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.