67 / 100

Hamblen County, TN

District 6

RANK #324 / 996 NAT  ·  #9 / 33 TN  ·  POP 64,531

1YR FORECAST: +2.4%

5YR OUTLOOK: +28%

Our model projects above-average housing market growth for Hamblen County at +2.4% over the next year.

[01] Why Hamblen County?

Hamblen County, Tennessee, distinguishes itself with Morristown, its county seat, which once served as a crucial transportation and commercial hub. Located in East Tennessee, approximately 40 miles northeast of Knoxville, the county offers a community atmosphere. The region is characterized by its natural beauty, with views of the Great Smoky Mountains and access to Cherokee Lake. Outdoor recreation is a significant draw, with Panther Creek State Park offering over 30 miles of hiking, mountain biking, and horse trails, along with opportunities for camping, fishing, and swimming. Cherokee Lake provides additional boating and fishing activities. The area also boasts several disc golf courses, earning Morristown the title of "Tennessee's Disc Golf Capital."

Life in Hamblen County offers a lower cost of living compared to the national average. The public school system is recognized for its quality, and Walters State Community College provides local higher education options. The economy is experiencing growth, driven by manufacturing and food and agriculture sectors. Recent expansions in these areas have contributed to job creation, attracting individuals and families to the county.

[02] Market Snapshot

Housing Ratio
2.9x

Undervalued relative to economy

GDP Growth
+2.4%

Below national median

Home Prices
+2.1%

Outpacing national median

Climate & Terrain
1.5

Moderate climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 2.9x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    MAHLE GmbH Manufacturing
    500+
  2. 2
    Morristown Hamblen Healthcare Healthcare
  3. 3
    JTEKT Automotive TN Manufacturing
  4. 4
    Walters State Community College Education
  5. 5
    Rich Products Corporation Manufacturing
  6. 6
    Tuff Torq Corporation Manufacturing
  7. 7
    Hamblen County Department of Education Education
  8. 8
    Colgate-Palmolive Manufacturing
  9. 9
    Team Technologies Manufacturing
  10. 10
    OTICS USA Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Hamblen County U.S. National

The Numbers

DEMOGRAPHICS
Population
64,531
+0.54% YoY
Median Household Income
$49,656
Median Home Value
$166,300
+2.07% 12mo
Median Rent
$799
Average Annual Pay
$50,942
+4.1% YoY
Employment
33,531
-0.5% YoY
Income-to-Home-Value
0.2986
More affordable than average
Migration Inflow
3.56%
of pop. from another state
Bachelor's Degree+
18.8%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$315,500
Days on Market
66
Slower market
Months of Supply
4.0
Balanced market
Sale-to-List Ratio
98.2%
Near asking price
Sold Above List
15.6%
Listings w/ Price Drops
26.3%
Building Permits (2024)
298
Single-Family Permits
215

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.9
per 100K · nat avg 6.3
Firearm Fatalities
13.0
per 100K · nat avg 14.8
Injury Deaths
103.9
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$560M
TOTAL
PROJECT AMOUNT STATUS
Ridgeline Expansion Project (Natural Gas Pipeline & Solar)
Enbridge Inc. / Tennessee Valley Authority (TVA)
$500M Under Construction
Performance Food Group (PFG) Expansion
Performance Food Group Company (PFG)
$33M Planned
Rich Products Manufacturing Expansion
Rich Products
$27M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +2.4% 45 percentile
Population Growth +0.5% 54 percentile
Income Growth +9.7% 76 percentile
Vacancy Rate 1.3% 32 percentile
Home Price Change +2.1% 60 percentile
Rent Growth +1.8% 31 percentile
Price/Rent 10x 90 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Hamblen County, TN a good place to move to?

With a Boom Town Index score of 67/100, Hamblen County sits in the upper half of all 996 ranked counties. and median household income stands at $49,656 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in TN.

Is Hamblen County affordable?

Housing in Hamblen County is roughly in line with national affordability norms. The median home costs $166,300 and the income-to-home-value ratio sits at 0.30, with rents averaging $799/month. Not a bargain, but not a stretch for most local earners either.

Is Hamblen County growing or shrinking?

Hamblen County's population is growing — up +0.5% YoY — while the job market is roughly flat (employment change of -0.5%). Home values shifted +2.1% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Hamblen County?

There's a moderate stream of newcomers. About 3.56% of residents moved from another state, which is above average and suggests Hamblen County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Bedford County, TN 72 Washington County, TN 62 Coffee County, TN 76 Roane County, TN 77 Gibson County, TN 79 Madison County, TN 79 Oxford County, ME 67 St. Charles Parish, LA 67