Murfreesboro is a mid-sized city located in the state of Tennessee. The city has a population of 122,007 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (74% White). Given that fact, Murfreesboro could be considered less diverse than other cities. The median age of all Murfreesboro residents is 30, which is well below the national average. This is a good indication that this city could be ideal for young singles. If you are looking for a family friendly city, Murfreesboro might be a good fit as 73% of the population over 15 years old are married, and 51% have kids who are 18 years old or younger.
If you’re considering relocating to any new city, it could be a very discouraging task. However, it could also be a fulfilling experience if you are willing to get to know the town before actually living in Murfreesboro, Tennessee. The best areas in Murfreesboro and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, weather, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Tennessee and national averages.
The livability score in Murfreesboro is 78 out of 100 and the city is ranked in the 90th percentile of all cities across America. Compared to the national average, Murfreesboro ranks among some of the best places to live in the country! The cherry on top is that Murfreesboro also ranks in the top 10 percent of all cities. There are seven total categories that generate the livability score. Murfreesboro scores well for amenities (A+), education (A-) and housing (A-). There is at least one category that does not have great scores in Murfreesboro. The following was graded with a less than perfect score: crime (F).
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Murfreesboro, there is no shortage of amazing local amenities and interesting things to do. Some of the interesting things to do and attractions include: Stones River National Battlefield, Discovery Center, and Cannonsburgh Pioneer Village.
Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Murfreesboro has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Murfreesboro. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Murfreesboro are affordable. Median real estate prices in Murfreesboro come in at $186,200, which is 27.5% higher than the Tennessee average. The home price to income ratio compares the median home prices to the median household income. In Murfreesboro, the home price to income ratio is 3.5, which is 12.9% higher than the Tennessee average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Murfreesboro were 9.5%, and the 5 year appreciation rates came in at 9.9%.