Murfreesboro has been named 2019’s 4th Best Small Real-Estate Market in a recent study from the leading personal finance outlet WalletHub.Com. Murfreesboro ranks 11th overall and 4th among small cities.
To determine the best local real-estate markets in the U.S., WalletHub compared 300 cities of varying sizes across 23 key indicators of housing-market attractiveness and economic strength. Data ranges from median home-price appreciation to home sales turnover rate to job growth. Murfreesboro ranks #1 in Job Growth Rate and #7 in Population Growth Rate.
Murfreesboro’s #4 ranking is just behind three Texas cities–Denton, Carrolton, and Allen, Texas, but ahead of Spokane Valley, Wash., Wilmington, N.C., Greeley, Colorado, and Hillsboro, Oregon.
You can find the full study here: https://wallethub.com/edu/best-real-estate-markets/14889/.
Murfreesboro’s data sets indicate the Health of the City’s Real-Estate Market (1=Best: 150=Avg.)
37th – % of Homes with Negative Equity
92nd – Avg. Days Until Sale
124th – Median Home-Price Appreciation
1st – Job Growth Rate
69th – Foreclosure Rate
11th – % of Delinquent Mortgage Holders
82nd – Home Price as % of Income
7th – Population Growth Rate
Nashville ranked 6th Best among Large Real-Estate Market in the study behind Austin and Fort Worth, Texas, Aurora and Denver, Colorado and Charlotte, NC, but ahead of Lexington, KY, Colorado Springs, Colorado, Seattle, WA, and Raleigh, NC. Whether you’re joining the real-estate business or just looking for a place to call home, it’s important to get a handle on the housing markets you’re considering before investing in a property. If you aim for long-term growth, equity and profit, you’ll need to look beyond tangible factors like square footage and style. Those factors certainly drive up property values. From an investor’s standpoint, though, they hold less significance than historical market trends and the economic health of residents.