No. 17 Best Housing Market: Morristown, Tenn.

Percent change: +8.9
MSA: Morristown
Population: 29,137

Eastern Tennessee's Morristown is an employment hub of Hamblen County. The manufacturing, retail, and health-care industries are the county's largest employers, including poultry processor Koch Foods, aluminum manufacturer Mahle, and furniture maker Berkline, according to the local chamber of commerce. Even as home prices increased, the city struggled with a high unemployment rate, which was 13.2 percent in August 2011, the BLS estimates. The median home value in the city was $108,700 in August, according to the Zillow Home Value Index, and the median sale price was $119,800 as of Aug. 31.

Photographer: Getty Images
 
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