NAICS 53

Real Estate and Rental and Leasing in Morristown, TN

Metro Market Score 44.1 (Moderate), ranked #175 of 330 metros. 82 establishments, 281 jobs.

Metro Market Assessment

Metro Market Score 44.1
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

💰High-Cost Market📈Rapid Growth⚡Rising Wages🌱Emerging Market

Morristown ranks in the lower half for real estate and rental and leasing market conditions, driven by above-average employment growth. With a market score of 44.1, conditions are relatively favorable compared to most metros.

Industry Concentration
3.9
LQ: 0.38
Rank #13 of 330 metros
Wage Competitiveness
83.9
$68,762 avg wage
Growth Trend
↑ 93.0
Employment growth index
Rank #24 of 330 metros
Wage Pressure
100.0
YoY wage change index

82 Real Estate and Rental and Leasing Firms in Morristown

82
Establishments
+7.9% YoY
281
Total Employment
+10.2% YoY
$68,762
Average Annual Wage
+65.7% YoY
0.38
Location Quotient
Below national avg

Morristown vs Tennessee Statewide

How this metro's real estate and rental and leasing market compares to Tennessee overall. The state ranks #18/51 for entry risk.

Measure Morristown TN Statewide
Overall Score 44.1 Moderate 37.2 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #175 of 330 metros #18 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Morristown

Professional, Scientific, and Technical Services 9.2 Finance and Insurance 20.1 Other Services 29.2 Information 36.9 Retail Trade 58.4 Accommodation and Food Services 58.6 Administrative and Support Services 66.4

Real Estate and Rental and Leasing in Other Tennessee Metros

Kingsport-Bristol 13.8 #7/330 Cleveland 15.9 #11/330 Jackson 27.7 #55/330 Johnson City 28.0 #59/330 Chattanooga 41.4 #155/330 Knoxville 51.9 #229/330

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Morristown's real estate and rental and leasing sector, the wage competitiveness component (83.9) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Data period: 2024. Last updated: April 2026.