WalletHub.com recently identified the hottest real estate markets in the US and Murfreesboro not only finished the best in the state but 4th in the country.
The report came on the heels of the overall continuing rise in the real estate market in Rutherford County overall.
In order to identify the best real-estate markets, WalletHub’s analysts compared 300 cities across two key dimensions, namely “Real-Estate Market” and “Affordability & Economic Environment.”
We evaluated these categories using 16 relevant metrics, which are listed below with their corresponding weights. Each metric was graded on a 100-point scale, with 100 representing the healthiest housing market.
We then calculated overall scores for each city using the weighted average across all metrics, which we then used to construct our final ranking.
In determining our sample, They categorized the cities based on the following population sizes:
Large cities: More than 300,000 people
Midsize cities: 150,000 to 300,000 people
Small cities: Fewer than 150,000 people
To see the formula breakdown on the stats and where other cities ranked click here.