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D.R. Horton is actively building out Millstone Village, which means new inventory keeps hitting the Morristown market.
Key takeaway
Millstone Village is D.R. Horton’s new-construction community in Morristown. It’s worth a serious look if you want a brand-new home with a builder warranty and can either take a quick move-in home or wait for a build. Before you sign anything, price a comparable resale. Morristown resales are closing below list price, so they often come with negotiating room the builder may or may not match. If a resale wins on total cost, start with Morristown’s available homes instead.
Who this guide is for
You’re weighing a new D.R. Horton home in Millstone Village against a resale elsewhere in Morristown and want to know the full cost and what to check before you sign.
What is Millstone Village?
Millstone Village is a D.R. Horton new-build community, and the right way to judge it is against Morristown resales. Single-family prices in the city fell 9.6% year over year in the 90 days ending September 30, 2026, though 14.8% of sales still closed above list. A D.R. Horton home makes sense only if its incentives and warranty outweigh the discount you can negotiate on a comparable resale. Judge it on total cost, not the builder’s sticker price.
Where Millstone Village is
The official D.R. Horton sales center is at 5152 Lost Creek Drive, Morristown, TN 37813, on the west side of Morristown. From US-11E, take TN-160 South, turn left onto Dearing Road, then left onto Alpha Valley Road, then right onto Lost Creek Drive. Lot positions vary, so your home might back up to a road or sit on a quieter interior street. Walk the specific lot at different times of day before you commit.
Who builds it
D.R. Horton is the sole builder and sells through its own on-site sales office. One company sets the base prices, options and incentives. The on-site sales agent works for D.R. Horton, not for you.
How it compares with other Morristown neighborhoods
Homes here share a consistent style, age and builder, on smaller, uniform lots with young landscaping. Buyers who want mature trees, varied architecture or acreage will find more choice in Morristown’s established neighborhoods.
Millstone Village homes and floor plans
Millstone Village offers nine buildable floor plans ranging from three to five bedrooms and 1,618 to 2,890 square feet, with prices starting from $297,990 as of late 2026. The lineup changes regularly, so confirm current availability and pricing before you schedule a tour. If you need to move within a couple of months, focus on quick move-in inventory rather than starting from dirt.
Aria
The Aria is a single-story plan with an open kitchen, dining area and family room, plus three bedrooms and two bathrooms. The advertised base price typically excludes lot premiums and options, so ask for an all-in quote on a specific lot.
Darwin
The Darwin is a larger single-story plan that typically adds an extra bedroom or flex space over the Aria. Get the standard-features list in writing, because upgrades shown in the model home may not be standard.
Craig
The Craig suits buyers who want single-level living but need more bedrooms than the smallest plans. If no Craig is in the quick move-in inventory, you’re looking at the full build timeline.
Cali
D.R. Horton sells the Cali both as a buildable plan and as a quick move-in home. Its single-story layout separates the primary bedroom from the secondary bedrooms.
Penwell
The Penwell is a two-story plan that separates main-floor living from the upstairs bedrooms, leaving room for a home office or second living area. Larger plans raise insurance, utility and property-tax costs, so price the monthly total, not just the mortgage payment.
Denton
The Denton is a two-story plan that maximizes bedrooms and living space, often at a lower price per square foot than the smaller single-story plans. If it shares a footprint with other homes on the street, expect resale buyers to compare it directly with them.
Hayden
The Hayden is a two-story plan with five bedrooms, three bathrooms and 2,511 square feet, frequently listed as a quick move-in home. A finished spec home’s price may already include upgrades you wouldn’t have chosen, so ask for the itemized options list.
Salem
The Salem is a mid-sized plan that often appears in the quick move-in inventory. Availability changes weekly, so confirm the home is still unsold and ask whether the current incentive applies.
Green
The Green is the largest plan in the lineup, with four bedrooms, two and a half bathrooms and 2,890 square feet across two stories, starting at $377,990. Compare plan renderings closely with the actual home or lot you’d be buying.
New construction vs. resale in Morristown
A new build here means paying more per square foot than a typical Morristown resale in exchange for a fresh home and a builder warranty. When resales sit longer, sellers get more flexible, and that sets the bar any builder deal has to beat.
Price per square foot
Morristown single-family homes sold at a median $182 per square foot in late 2026. Divide a Millstone Village all-in quote by its square footage to see the premium you’re paying for new systems, a warranty and no deferred maintenance.
Days on market and negotiating room
Morristown single-family homes took a median 55 days to sell and closed at 96.7% of list price in the 90 days ending September 30, 2026, with 3.5 months of supply. Resale sellers who have sat past that median are often open to price cuts, repairs or covering your closing costs. Well-priced resales still move quickly, so your bargaining power is strongest on listings that have already lingered.
Builder incentives vs. resale discounts
D.R. Horton currently advertises a limited-time 5.50% interest rate (6.212% APR) on an FHA 30-year fixed mortgage requiring 3.5% down, based on a $329,625 sales price example. A resale listed at $300,000 that closes at that typical sale-to-list ratio would sell roughly $10,000 under asking. Set that discount against the dollar value of the builder’s rate offer or closing-cost credit to see which comes out ahead.
Closing costs
New-construction purchases often add a builder-selected title company and possible capital contributions to the HOA on top of standard buyer closing costs. A builder closing-cost credit may not cover everything, so ask for a loan estimate before you commit.
Financing through the builder’s lender
D.R. Horton commonly ties its advertised incentives to its affiliated lender. Get a second loan estimate from an outside bank and compare rates and fees, not just the credit amount. If walking away from the builder’s lender costs you the incentive, run both scenarios on the full cost over the years you expect to stay.
Down payment assistance
Some homebuyer assistance programs restrict which lenders or seller credits you can use, so they may conflict with builder incentives. Confirm compatibility with both the program and the builder before you sign anything.
Costs of owning in Millstone Village
A new subdivision has no history of tax bills or utility averages to pull, so check these monthly costs before you tour.
HOA dues and rules
Per the Millstone Village HOA’s own website, 2026 non-voluntary annual dues remain at $156 per home. The HOA’s design-standards document states that access to the community’s amenities center is included in those dues, though clubhouse room rentals carry an additional cost. Recorded covenants and architectural guidelines on the HOA site govern exterior changes, signage and parking. Dues in a builder-controlled HOA can change once residents take over, so ask for the current budget and any planned increases.
Property taxes
According to the City of Morristown’s economic development office, Hamblen County’s property tax rate is $1.47 outside city limits and $1.31 inside. The City of Morristown adds $0.9424, for a combined $2.2524 per $100 of assessed value for properties within Morristown. Tennessee assesses residential property at 25% of its market value, so a $300,000 home is taxed on $75,000, an estimated annual bill of roughly $1,689. A new home’s first tax bill may reflect only the land if it was assessed before completion. Budget for the full assessed value the following year and confirm with the Hamblen County Assessor.
Homeowners insurance
New construction often prices well for insurance because the roof, plumbing and electrical are all brand new. Get quotes on the specific address during your inspection window, not the week of closing. Check the FEMA flood map for the lot to see if additional coverage is required.
Living in Millstone Village
Getting around
Lost Creek Drive connects to Alpha Valley Road and Dearing Road, then to TN-160 and US-11E, the main routes to downtown Morristown and the I-81 corridor. Public transit coverage is limited, so plan on a car for daily errands and commuting.
Groceries, shopping, and dining
Morristown’s main retail corridor runs along West Andrew Johnson Highway, with major grocery stores, big-box retailers and chain restaurants.
Hospitals and medical care
The primary hospital for the area is Morristown-Hamblen Healthcare System, at 908 West Fourth North Street, which handles emergency care and standard procedures for the county. Some specialist care may require a drive to Knoxville or the Tri-Cities, so check where your providers practice.
Schools
The subdivision falls under Hamblen County Schools, and the district’s website has a zoning lookup tool for specific addresses. Attendance zones can change, so confirm the assignment for the exact address with the district before you buy.
Weather
January is typically the coldest month. The National Weather Service’s coldest January average on record is 24.7°F, in 1977. Summers bring heat and humidity that will keep your new HVAC system busy. East Tennessee also sees occasional severe storms, so check the lot’s drainage and ask how the builder grades yards away from the foundation.
How to buy in Millstone Village
D.R. Horton controls the timeline, the contract and the preferred vendors, so line up financing and representation before you step into the sales center.
Get preapproved by more than one lender
Get a preapproval from an outside lender before visiting so you have something to compare against the builder’s offer. Multiple credit pulls within a short window are usually treated as one inquiry, but confirm the timing with your lender.
Bring your own agent to the first visit
Many builders require your agent to be present or registered at your very first visit for their representation to count. An agent compares the deal with resales, reviews the builder contract, and looks out for your interests. Katelyn Warren can attend this first visit with you and run a resale comparison to make sure the numbers hold up. If you tour alone first, the builder may refuse to recognize an agent you bring later, so ask the sales office about its registration policy before you go.
Choose a quick move-in home or a build
A quick move-in home offers speed and a known price. A dirt-start build lets you choose your finishes but means waiting. Get the construction timeline and estimated completion date in writing. Build timelines slip, so plan for rate-lock expiry and the cost of staying in your current housing longer than expected.
Read the purchase agreement
Builder contracts are written by the builder, for the builder. Flag the earnest money terms, lot premium, appraisal-gap language, delay clauses and what happens if your financing changes, and consider having an attorney review the document. These contracts often limit your remedies if construction is delayed, so know what you’re agreeing to before you put earnest money down.
Schedule independent inspections
Hire your own inspector for a pre-drywall inspection if the builder allows it, a final inspection before closing, and again before the one-year warranty ends. Even new homes have defects that a municipal inspector might miss. Confirm the builder’s inspection policy in the contract.
Selling a Millstone Village home later
Plan your exit before you buy, because the neighborhood is still under construction.
Competing with the builder
While D.R. Horton is still selling in the community, your resale goes up against new homes with untouched finishes and builder incentives, including closing-cost credits an individual seller has to match. If you need to sell in the first few years, you may have to price below new inventory or offer your own concessions.
Pricing a resale
When you list, upgrades, lot position and pristine condition are what set your home apart from identical plans nearby. Katelyn Warren can help you price competitively when the time comes. Many upgrades don’t return their cost at resale, so choose options for your own use rather than as an investment.
Related guides: Most Expensive Areas in Morristown, Cherokee Lake Homes for Sale.
At a glance
- Morristown single-family median sale price: $284,886 (90 days ending Sept. 30, 2026; 89 sales). This is city-wide, not Millstone Village only.
- Morristown single-family price change: -9.6% year over year (90 days ending Sept. 30, 2026)
- Morristown single-family median days on market: 55 (90 days ending Sept. 30, 2026)
- Morristown single-family sale-to-list ratio: 96.7%; 14.8% sold above list (90 days ending Sept. 30, 2026)
- Morristown single-family supply: 3.5 months; 103 homes in inventory (90 days ending Sept. 30, 2026)
- Morristown single-family median price per square foot: $182 (90 days ending Sept. 30, 2026)
- Morristown all homes: median $292,361, -7.2% year over year, 101 sales, $175 per square foot (90 days ending Sept. 30, 2026)
- Morristown all homes: 55 median days on market, same sale-to-list ratio as single-family, 13.1% sold above list, 3.3 months of supply, 109 in inventory (90 days ending Sept. 30, 2026)
Millstone Village FAQs
What county is Millstone Village in?
Millstone Village is in Hamblen County. Because it sits inside Morristown city limits, homeowners pay both the city and county property tax rates.
How far is Millstone Village from Knoxville?
It’s approximately 41.5 miles from Morristown to Knoxville, about a 56-minute drive. Most drivers take US-11E to connect to regional highways heading west.
Is Millstone Village safe?
Look up incident reports near the specific address using the Morristown Police Department’s data. Compare local rates with the Tennessee Bureau of Investigation’s statewide crime statistics rather than relying on raw counts.
Can you rent out a home in Millstone Village?
Request the covenants from the HOA to check for rental or short-term rental limits. Ask the City of Morristown planning office about municipal rental regulations.
What warranty comes with a D.R. Horton home in Millstone Village?
D.R. Horton’s warranty has different coverage tiers and lengths for materials, systems and structural elements. Get the exact warranty document for your home to see what’s covered and how to file claims.
Can you use a USDA loan in Millstone Village?
It depends on the exact address. Recheck the specific lot on the USDA Rural Development property eligibility map, since the boundaries get revised.
