Side-by-side comparison of Murfreesboro, TN and Johnson City, TN — cap rates, rent, prices, and investment metrics.
Cash flow: Johnson City has the edge with an estimated cap rate of 4.48% compared to Murfreesboro's 3.75%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $340,000 in Murfreesboro vs $235,000 in Johnson City, while rents come in at $1,520/mo and $1,200/mo respectively.
Growth & appreciation: Murfreesboro is growing faster at 2.5% annually vs Johnson City's 1%. Murfreesboro leads on home value appreciation at 3.5% per year. Strong population growth typically translates to sustained rental demand and long-term price support.
Costs & risk: Property taxes are 0.55% in Murfreesboro vs 0.52% in Johnson City. Vacancy rates of 5% and 5.4% are both healthy, suggesting strong tenant demand in both markets.
Bottom line: Johnson City edges out Murfreesboro on most key metrics. While cap rates are moderate at 4.48%, Johnson City's overall profile is stronger. Use our free calculators to model specific deals in Murfreesboro or Johnson City.