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The original item was published from 7/9/2019 12:37:00 PM to 7/10/2019 5:00:29 PM.

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Posted on: July 9, 2019

[ARCHIVED] Murfreesboro 5th Best Small City for First-Time Home Buyers

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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. 

WalletHub.com Best Cities for First-Time Homebuyer
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