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Murfreesboro, TN Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,705
Monthly Cash Flow
-$679
Principal + Equity
$3,098
Annual Total Gain
$29,027
Cash on Cash
-7.7%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$180
Occupancy Rate
58.06%
Monthly Revenue
$2,424
Monthly Cash Flow
-$324
Principal + Equity
$3,098
Annual Total Gain
$33,288
Cash on Cash %
-3.68%
Net ROI %
Market Health & Growth
Median Income
$76,241
Population
157,547
LTR Renter %
46.73%
Forecast (1 yr)
1.7%
Appreciation (1 yr)
1.06%
Appreciation (5 yr)
43.78%
Appreciation (10 yr)
113.12%
Job Growth
2.94%
LTR Rentability
Very High
STR Demand
80
STR Rentals
431
Top Public Schools
ACentral Magnet School
A-Mill Creek Middle School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Cities to Live in America
#77out of 229 markets
Best Cities to Raise a Family in America
#53out of 229 markets
Cities with the Best Public Schools in America
#42out of 229 markets
B
Public School
C-
Crime And Safety
C
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Murfreesboro, TN.
As of September 2021, Murfreesboro, TN does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any developments in this area.
It is recommended that investors research the current zoning laws and regulations in Murfreesboro to ensure that the property they are considering purchasing can be used for short term rentals. Additionally, investors should be aware of any homeowner association (HOA) rules or restrictions that may prohibit or limit the use of the property for short term rentals.
It is also important for investors to consider the potential impact of short term rentals on the surrounding community, including noise levels, parking issues, and increased traffic. Being a responsible host and ensuring that guests adhere to any rules or regulations can help mitigate any negative impacts on the neighborhood.
Overall, investors should thoroughly research and understand the regulations and potential challenges associated with short term rentals in Murfreesboro before purchasing a property for this purpose.
Market Trends Over Time
Explore 25 years of market data for Murfreesboro, TN, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Murfreesboro, TN.
The LTR Genie Score of Murfreesboro, TN is 80 and STR Genie Score is 69, indicating a very high and high rating respectively. The high LTR Genie Score can be attributed to the very high LTR Rentability, LTR Net ROI, and positive 1-Year Price Appreciation Forecast. On the other hand, the slightly lower STR Genie Score may be due to the lower STR Net ROI and occupancy rate compared to the long-term rental metrics.
Murfreesboro, TN is a growing city located in the Nashville metropolitan area, known for its strong economy, low cost of living, and high quality of life. The city has a diverse population and a thriving job market, making it an attractive location for real estate investment.
Based on the metrics provided, Murfreesboro, TN seems to be a promising market for both long-term rental and short-term rental investments. The high LTR Genie Score suggests that long-term rental properties could yield a good return on investment, while the moderate STR Genie Score indicates that there is potential for success in the short-term rental market as well. Overall, real estate investors may find Murfreesboro, TN to be a lucrative opportunity for both rental strategies.
LTR Genie Score 64
$397,000
🛏 3 Beds🛁 2.0000 Baths🏙 2,200 sqft.🏠 SINGLE FAMILY
