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Updated almost 5 years ago, 02/12/2020
Murfreesboro, TN -- what neighborhoods to focus on / avoid ?
My partner and I are multi-family investors but live in areas where investing is difficult. We are looking to invest some capital into some smaller, stable, multi-unit apartments (5-20 units) with short term rental potential. After a few weeks of market research, we have narrowed our search to three cities with Murfreesboro, TN as a strong contender.
Any investors/agents/managers in Murfreesboro, TN familiar with the area and willing to share an area overview?
Based on our research, (since 2000) Murfreesboro has shown great population growth (40%+), median household income growth (25%+), crime is on a downward trend, and job growth is above 2% over the past year. It appears to be affordable, however we are unfamiliar with the area and need help identifying the specific neighborhoods to avoid.
Thank you in advance.