Murfreesboro Real Estate
Murfreesboro has been named 2019’s 4th Best Small Real-Estate Market in a recent study from the leading personal finance outlet WalletHub.com. Murfreesboro ranks 11th overall and 4th among small cities.
To determine the best local real-estate markets in the U.S., WalletHub compared 300 cities of varying sizes across 23 key indicators of housing-market attractiveness and economic strength. Data ranges from median home-price appreciation to home sales turnover rate to job growth. Murfreesboro ranks #1 in Job Growth Rate and #7 in Population Growth Rate.
You can find the full study here: https://wallethub.com/edu/best-real-estate-markets/14889
Murfreesboro’s data sets indicate the Health of the City’s Real-Estate Market (1=Best: 150=Avg.)
37th – % of Homes with Negative Equity
92nd – Avg. Days Until Sale
124th – Median Home-Price Appreciation
1st – Job Growth Rate
69th – Foreclosure Rate
11th – % of Delinquent Mortgage Holders
82nd – Home Price as % of Income
7th – Population Growth Rate
Nashville ranked 6th Best among Large Real-Estate Market in the study behind Austin and Fort Worth, Texas, Aurora and Denver, Colorado and Charlotte, NC, but ahead of Lexington, KY, Colorado Springs, Colorado, Seattle, WA, and Raleigh, NC. Whether you’re joining the real-estate business or just looking for a place to call home, it’s important to get a handle on the housing markets you’re considering before investing in a property. If you aim for long-term growth, equity and profit, you’ll need to look beyond tangible factors like square footage and style. Those factors certainly drive up property values. From an investor’s standpoint, though, they hold less significance than historical market trends and the economic health of residents.
There are two main malls located within the city limits. Stones River Mall is a traditional enclosed mall, featuring stores and restaurants such as Rue21, AMC Theaters, Journey’s, Hot Topic, Dillard’s, Books-A-Million, Olive Garden, and Miller’s Ale House.
The Avenue Murfreesboro is an outdoor lifestyle center with such shops as American Eagle, Hollister, Best Buy, Belk, Petco, Dick’s Sporting Goods, Express, Mimi’s Cafe, Romano’s Macaroni Grill, and LongHorn Steakhouse.
The Historic Downtown Murfreesboro district also offers a wide variety of shopping and dining experiences that encircle the pre-Civil War Courthouse.
According to Murfreesboro’s 2018 Comprehensive Annual Financial Report, the top employers in Rutherford County are:
|#||Employer||# of Employees|
|2||Rutherford County government and schools||6,482|
|3||Middle Tennessee State University||2,205|
|5||Ingram Content Group||2,000|
|6||State Farm Insurance||1,650|
|8||St. Thomas Rutherford Hospital||1,400|
|9||Alvin C. York Veterans Administration Medical Center||1,300|
The Discovery Center at Murfree Spring is a nature center and interactive museum focusing on children and families. The facility includes 20 acres (8 ha) of wetlands with a variety of animals.
Bradley Academy Museum contains collectibles and exhibits of the first school in Rutherford County. This school was later renovated to become the only African American school in Murfreesboro, which closed in 1955.
The Stones River National Battlefield is a national park which memorializes the Battle of Stones River, which took place during the American Civil War during December 31, 1862, to January 3, 1863. The grounds include a museum, a national cemetery, monuments, and the remains of a large earthen fortification called Fortress Rosecrans.
Oaklands Historic House Museum is a 19th-century mansion which became involved in the Civil War. It was occupied as a residence until the 1950s, after which it was purchased by the City of Murfreesboro and renovated into a museum by the Oaklands Association.
Earth Experience: The Middle Tennessee Museum of Natural History is the only natural history museum in Middle Tennessee. The museum opened in September 2014 and features more than 2,000 items on display, including a complete replica Tyrannosaurus rex skeleton.