Real Estate Investing in Murfreesboro, Tennessee (37129)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37129 (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 (37129)?
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Market Analysis: 37129 Murfreesboro
Stepping back, ZIP 37129 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $448K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 37129 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 37129 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 37129 includes headwinds that any investor should price in. Income distribution skews lower than Murfreesboro averages, and tenant stability requires active management.
Distressed ZIPs reward experience. sturdy returns are possible in 37129, 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 37129
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $284,432 | $1,800 | 4.6% | +7.9% | $142,216 |
| 3BR | $394,318 | $2,300 | 4.2% | +7.9% | $131,439 |
| 4BR | $552,530 | $2,800 | 3.6% | +8.0% | $138,133 |
| 5BR | $630,426 | — | — | +8.2% | $126,085 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37129 Compare?
| Metric | 37129 | Murfreesboro | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $448,479 | $338,620 | N/A | $327,001 |
| 5-Year CAGR | 5.1% | 4.8% | N/A | 7.7% |
| Avg Rent | $1,794 | $1,720 | N/A | - |
| Cap Rate | 3.1% | 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 37129 (Murfreesboro, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $448,479 |
| Monthly Rent | $1,794 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +3.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 37129
Population: 60,615
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 37129
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
Do landlords face vacancy issues in Murfreesboro, TN?
Vacancy in Murfreesboro, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,794/mo.
What is it like being a landlord in Murfreesboro, TN?
Murfreesboro, TN operates under TN law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Which real estate strategy fits Murfreesboro, TN?
Most investors in Murfreesboro, TN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Can owner-occupants cash flow in Murfreesboro, TN?
The a challenging house-hack environment in Murfreesboro, TN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is the tenant base reliable in Murfreesboro, TN?
Murfreesboro, TN draws a consistent base of working renters. Demand at the $1,794/mo rent level is reasonable for standard single-family and small multi rentals.
You know 37129 now. You don’t know where it ranks.
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How 37129 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
Every ZIP in this metro, ranked. Free.
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