The City of Murfreesboro is committed to "creating a better quality of life", a sentiment residents have adopted as their town motto. A dynamic, fast-growing city with a strong local economy and a rich heritage, Murfreesboro is representative of the rebirth of the Southeast. The city is located southeast of Nashville in Rutherford County, the geographic center of the state and one of the 50 fastest-growing counties in the United States. Colonial style single-family homes, estates and townhouses make up the real estate in Murfreesboro.
Murfreesboro provides its more than 98,000 residents with a family-oriented atmosphere and a strong sense of community. Neighborhood schools, community libraries, volunteer organizations, local recreational facilities and clubs are a few of the places locals meet to socialize and strengthen their community bonds.
In addition to appreciating their town's fast-paced present and working toward the future, Murfreesboro residents remember the past. The city was the site of the Civil War Battle of Stone's River and was the state capital from 1819 to 1826. Today, Murfreesboro remains the county seat. The town provides a traditional, small-town environment well suited for family life and comes complete with a bustling public square, as well as many of the amenities of a large city.
Murfreesboro Real Estate Market: Price Range of Murfreesboro, TN Houses for Sale
The Murfreesboro real estate market is diverse. Prices for condominiums and townhouses in Murfreesboro begin at just under $100,000 and range to $400,000 and more for spacious colonial styles on large lots. Prices for single-family homes in Murfreesboro start at approximately $75,000 for homes in neighborhoods including Foxboro and Mockingbird Hill. Prices range from the mid-$200,000s to more than $300,000 for modern three to four-bedroom homes in neighborhoods such as Prestwick, Stratford Hall, Primm Springs and Berkshire. Some magnificent older estate properties are available in the area at prices that can exceed $1 million.
Murfreesboro Real Estate Stats and Trends for the week of June 18th, 2019: homes priced around $300,362 compared to $300,362 the previous week, to remain steady with no change in listing price. For Tuesday, June 18th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.