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.