Editing Morristown, Tennessee (section)

===Real estate===
As of August 2020, Morristown has seen a high demand for both single-family and multi-family residential developments.<ref name="subdivision">{{cite news |last1=Moore |first1=Robert |title=Subdivision planned for South Cumberland |url=https://www.citizentribune.com/news/subdivision-planned-for-south-cumberland/article_eb48b812-de4a-11ea-8c43-1365763ebf95.html |access-date=August 17, 2020 |work=Citizen Tribune |date=August 14, 2020 |quote=As residential growth – mostly apartments – in Morristown is proceeding at breakneck speed.. Kramps says the demand for single-family homes in Morristown in all price ranges remains high.}}</ref><ref name="stevens">{{cite news |last1=Stevens |first1=Blake |title=Red-hot housing market in Morristown area highlights need for new construction |url=https://www.wate.com/news/top-stories/red-hot-housing-market-in-morristown-area-highlights-need-for-new-construction/ |access-date=January 11, 2021 |work=[[WATE-TV]] |date=December 30, 2019}}</ref> Morristown reported a 110% increase in residential construction in the city's annual economic and community development report in 2020.<ref name="hightowerboom">{{cite news |last1=Hightower |first1=Clff |title=Morristown in midst of housing boom |url=https://www.citizentribune.com/news/local/morristown-in-midst-of-housing-boom/article_5cfbce7e-828b-11eb-a9a2-0f55970f9812.html |access-date=March 12, 2021 |work=The Citizen Tribune |date=March 11, 2021}}</ref>

A study by [[Middle Tennessee State University]] found that the Morristown metropolitan area saw an 8.1% increase in housing prices in the third quarter of  2019 compared to the same period in 2018.<ref name="hartq3">{{cite web |last1=Hart |first1=Jimmy |title=BERC report: Positive trends continue in Q3 with rising home prices across TN |url=https://mtsunews.com/berc-housing-report-q3-2019/ |website=MTSU News |date=December 20, 2019 |publisher=[[Middle Tennessee State University]] |access-date=January 11, 2021}}</ref>

As of 2010, the median price for a home in the Morristown-Hamblen area was $125,600, compared with $142,000 in the [[Knoxville metropolitan area]], and $177,900 nationally.<ref name="mrpc">{{cite web |title=Ambition 2030 Plan |url=http://cms.revize.com/revize/morristown/Dev&Planning/Ambition%202030%20Plan-%20original.pdf |website=Morristown Regional Planning Commission |access-date=July 27, 2020 |archive-url=https://web.archive.org/web/20200727215822/http://cms.revize.com/revize/morristown/Dev%26Planning/Ambition%202030%20Plan-%20original.pdf |archive-date=July 27, 2020 |url-status=live }}</ref>

In 2010, the Morristown-Hamblen area was home to over 1,000 businesses, employing over 25,000 people.<ref name="mrpc"/> Total property tax revenue was almost equally divided amongst residential, commercial, and industrial properties, with residential property tax supplying 50.1%, commercial at 26.1%, and industrial at 20.1%.<ref name="mrpc"/>