Murfreesboro has been named 2019’s 5th Best Small City for First-Time Home Buyers in a recent study from the leading personal finance outlet WalletHub.com. Murfreesboro ranked 14th overall ahead of cities Roanoke, Va., Gilbert, AZ., Charleston, SC, and Orlando, Florida.
You can find the full study at https://wallethub.com/edu/best-and-worst-cities-for-first-time-home-buyers/5564/
To determine the most favorable housing markets for first-time buyers, WalletHub took the pulse of real estate in 300 cities of varying sizes using 27 key metrics. The data set ranges from housing affordability to real-estate tax rate to property-crime rate. Factors that elevated Murfreesboro among the 300 cities including housing affordability and the real estate tax rate.
Buying a First Home in Murfreesboro (1=Best; 150=Avg.):
82nd – Housing Affordability
109th – Real-Estate Tax Rate
113th – Cost of Living
149th – Rent-to-Price Ratio
124th – Median Home-Price Appreciation
60th – Foreclosure Rate
74th – Total Home-Energy Cost
Murfreesboro ranks No. 14 overall and No. 5 among small cities.