Murfreesboro, TN

Population: 117,044
Average annual home appreciation rate: 7.98%
Total of homes for sale in this market: 746
Median home price: $200,053
Median Rent: $971 per room
Home price range: 51.22% of homes are between $113,001 – $227,000
Median sales price: $159,000
Number of homes: 91
Median foreclosure sales price: $113,270
Foreclosure discount: 29%
Most common home type: 56.03% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 7.75%
Number of renters: 49.55%
Number of owner occupied: 50.45%
Number people living below poverty level: 17.60%
Unemployment rate: 4.20%
Is this area perfect for real estate deals going on right now? Importantly, this makes Murfreesboro one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength.

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