Real Estate Investing in Murfreesboro, Tennessee (37127)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37127 (Murfreesboro, TN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Murfreesboro, TN (37127)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37127 Murfreesboro
The 37127 ZIP covers a section of Murfreesboro that demands careful diligence. Prices near $425K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 37127 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 37127 sits on the difficult end of the TN spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
A durable renter share of 24% in 37127 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. robust returns are possible in 37127, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Murfreesboro:
Property Strategy for 37127
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $297,193 | $1,560 | 3.8% | +8.8% | $148,596 |
| 3BR | $394,014 | $1,990 | 3.6% | +7.8% | $131,338 |
| 4BR | $480,365 | $2,430 | 3.6% | +7.6% | $120,091 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37127 Compare?
| Metric | 37127 | Murfreesboro | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $424,567 | $338,620 | N/A | $327,001 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 7.7% |
| Avg Rent | $1,849 | $1,720 | N/A | - |
| Cap Rate | 3.4% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37127 (Murfreesboro, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $424,567 |
| Monthly Rent | $1,849 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 37127
Population: 22,029
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 37127
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,409 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the renter demographic in Murfreesboro, TN?
Tenant quality in Murfreesboro, TN ranks as solid. Landlords generally report stable occupancy at market rents of $1,849/mo.
What approach is best for Murfreesboro, TN real estate?
The best-fit strategy in Murfreesboro, TN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is housing expensive in Murfreesboro, TN?
Murfreesboro, TN home values average about $425K. That price point suits investors targeting rentals with $1,849/mo in monthly income.
Can I live-in-and-rent in Murfreesboro, TN?
House hacking in Murfreesboro, TN is a challenging. With home values around $425K and rents at $1,849/mo, owner-occupants can offset a meaningful share of PITI.
Do landlords face vacancy issues in Murfreesboro, TN?
Expect elevated vacancy in Murfreesboro, TN. Rents at $1,849/mo are absorbed by the tenant base without meaningful lag.
You know 37127 now. You don’t know where it ranks.
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How 37127 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
Every ZIP in this metro, ranked. Free.
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