Quick facts: Murfreesboro, TN

Quick Facts

95.0
Cost of Living
below US average
162,398
Population
26.12
Crime Rate per 1000
above US average
$70,451
Median Income
below US average
$420,000
Median House Price
above US average
$1673.91
Average Rent
above US average
10%
Poverty Rate
below US average
3.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $70,451.

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Income Needed to Buy

βœ— Stretch
$132k/year
Based on $420,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $132k vs median $70,451
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Income Needed to Rent

⚠ Stretch
$72k/year
Based on $1673.91/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $72k vs median $70,451
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Murfreesboro, TN

Murfreesboro, located in central Tennessee, is the county seat of Rutherford County. It is part of the Nashville metropolitan area and has experienced significant growth in recent years, establishing itself as a vibrant community. The city is home to Middle Tennessee State University, the largest undergraduate university in the state, contributing to a youthful and dynamic atmosphere. Murfreesboro boasts a rich historical background, known for its role in the Civil War, particularly the Battle of Stones River. The city is dotted with historical landmarks, such as the Old Fort Park and the Oaklands Historic House Museum, adding cultural value to the area. The local economy is diverse, with robust sectors in education, healthcare, and manufacturing. The city offers a range of recreational opportunities, including parks, greenways, and sports facilities, catering to outdoor enthusiasts and families alike. With a growing population and a welcoming community, Murfreesboro combines modern amenities with Southern charm, making it an attractive place for residents and visitors alike. The city features shopping, dining, and entertainment options that reflect its burgeoning status.

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