Side-by-side comparison of Murfreesboro, TN and Nashville, TN — cap rates, rent, prices, and investment metrics.
Cash flow: Murfreesboro has the edge with an estimated cap rate of 3.75% compared to Nashville's 3.56%. 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 $410,000 in Nashville, while rents come in at $1,520/mo and $1,780/mo respectively.
Growth & appreciation: Murfreesboro is growing faster at 2.5% annually vs Nashville's 1.6%. Nashville leads on home value appreciation at 3.8% 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 0.56% in Nashville. Vacancy rates of 5% and 5.5% are both healthy, suggesting strong tenant demand in both markets.
Bottom line: Murfreesboro edges out Nashville on most key metrics. While cap rates are moderate at 3.75%, Murfreesboro's overall profile is stronger. Use our free calculators to model specific deals in Murfreesboro or Nashville.