Murfreesboro, TN Acreage Homes for Sale

Murfreesboro, TN Acreage Homes Listings
July 24, 2024
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Introduction to Acreage Homes in Murfreesboro, TN

Murfreesboro, TN: A Blend of Rural Charm and Urban Convenience Murfreesboro, Tennessee, known for its rich history and vibrant culture, is increasingly becoming a sought-after destination for homebuyers looking for acreage homes. These properties offer a unique blend of rural charm and urban convenience, making them ideal for those seeking space, privacy, and a connection to nature, without sacrificing access to modern amenities. Murfreesboro's strategic location, just southeast of Nashville, adds to its appeal, providing easy access to a bustling city while maintaining a peaceful, countryside living experience.

Murfreesboro TN Acreage Homes

Understanding the Murfreesboro Housing Market: A Statistical Overview

Current Trends in Murfreesboro's Real Estate The Murfreesboro housing market, as of late 2023, shows a somewhat competitive landscape. The median sale price of homes here stands at $410K, reflecting a slight decrease of 0.044% compared to the previous year. Interestingly, the median sale price per square foot has also seen a decline of 3.3%, now at $206. This indicates a market that is adjusting, possibly making it more favorable for buyers.

Comparative Market Analysis When compared nationally, Murfreesboro’s median sale price is about 3% lower than the national average, which could signal a more affordable entry point for those looking to purchase acreage homes in the area. Furthermore, the overall cost of living in Murfreesboro is 9% lower than the national average, making it an economically attractive option for many.

Market Dynamics Homes in Murfreesboro generally sell after an average of 47 days on the market. While some properties receive multiple offers, the average home sells for approximately 1% below the listing price. The ‘hot homes’ in the area can sell for around the list price and go pending in as short as 18 days, highlighting certain segments of the market where demand remains robust​.

Migration Trends Regarding migration trends, a significant portion (77%) of homebuyers in Murfreesboro opt to stay within the metropolitan area, underlining the city's appeal to its residents. On the other hand, a small but notable segment (23%) looks to move out, with popular destinations being places like Destin, Chattanooga, and Knoxville. Interestingly, Murfreesboro also attracts attention from outside metros, with buyers from cities like Los Angeles, Chicago, and San Francisco showing interest in moving here.

This overview provides a snapshot of the current state of Murfreesboro's real estate market, offering valuable insights for potential buyers looking at acreage homes in the area.

Top Reasons to Choose an Acreage Home in Murfreesboro

Acreage Homes Murfreesboro TN

Space and Privacy: The Lure of Acreage Living One of the most compelling reasons to opt for an acreage home in Murfreesboro is the sheer amount of space and privacy they offer. These properties typically come with larger land parcels, providing homeowners with ample room to enjoy outdoor activities, gardening, or simply relishing the tranquility of their surroundings. This space also affords a level of privacy that is hard to find in more densely populated areas, making it ideal for those who value a quieter, more secluded lifestyle.

Connection to Nature and Outdoor Lifestyle Living on an acreage in Murfreesboro also means a closer connection to nature. With more green space, residents can enjoy a more outdoor-oriented lifestyle, including hiking, bird watching, and other recreational activities right in their backyard. This connection to nature is not only beneficial for physical health but also promotes mental well-being.

Exploring the Sizes and Styles of Acreage Homes in Murfreesboro

Diverse Property Sizes and Architectural Styles Murfreesboro's acreage homes come in a variety of sizes and styles, catering to different preferences and needs. Single-family detached homes are the most common, accounting for over 53% of the city's housing units. These homes predominantly feature three and four-bedroom layouts, ideal for families or those seeking extra space.

Architectural Diversity and Historical Significance The architectural styles in Murfreesboro are varied and rich in history. Notable styles include Greek Revival, as seen in the Oaklands Mansion, Victorian, and Tudor. These styles are distinguished by features such as large porticos, steeply pitched roofs, ornamental half-timbering, and intricate detailing, adding character and charm to the properties.

Recent Trends and Appreciation Rates Murfreesboro has experienced significant real estate appreciation, with an average annual rate of 8.98% over the last ten years, placing it in the top 10% nationally for real estate appreciation. This trend indicates not only the popularity of the area but also the potential for a solid long-term investment in an acreage home.

Thriving Market and Investment Potential The median value of a house in Murfreesboro is $381,700, higher than the US median. This, combined with a substantial one-year appreciation rate of 17.31%, underscores Murfreesboro as an attractive location for real estate investment, particularly for those interested in acreage homes.

In summary, Murfreesboro offers a diverse array of acreage homes, characterized by their spacious layouts, architectural variety, and strong investment potential, making it an attractive option for those seeking a blend of rural charm and urban convenience.

Age and Construction Quality of Acreage Homes in Murfreesboro

Murfreesboro Homes

Modern Housing with a Historical Touch Murfreesboro stands out for its blend of modern and historical homes. The median age of real estate in the city is 21 years, indicating a predominance of relatively new constructions. Despite this youthfulness, Murfreesboro does not lack historical charm, with many neighborhoods featuring homes that reflect the city's rich past.

Quality and Diversity in Home Construction New home construction in Murfreesboro includes a variety of factors such as framing, foundation, plumbing, and interior and exterior finishes, all contributing to the overall quality of the homes. The hard costs, which cover the physical structure and construction, show that basic or standard homes start at $143 per square foot, mid-range homes at around $238 per square foot, and luxury homes at $320 per square foot or higher.

Amenities and Upgrades in Murfreesboro Acreage Homes

A Focus on Community and Lifestyle Murfreesboro's housing market extends beyond the walls of individual homes, offering a community-centric living experience. Numerous planned communities feature shared amenities like community centers, pools, and playgrounds, fostering a strong sense of community and neighborliness.

Educational Excellence as a Cornerstone The city's commitment to quality education is reflected in its housing market. Proximity to highly-rated school districts is a significant factor for many families, with neighborhoods like Siegel and Overall Creek being particularly sought after due to their excellent schools.

Diverse Housing Options for All Lifestyles Murfreesboro's real estate market caters to a wide range of preferences and lifestyles. From idyllic suburban houses on the outskirts to vibrant downtown condos and historic homes in the city center, the city offers a diverse array of housing options. This variety ensures that whether one is a first-time homebuyer, a retiree, or a family looking for a spacious home, Murfreesboro has something to fit every need and budget.

In summary, Murfreesboro's acreage homes are characterized by their modern construction quality and a range of amenities that enhance community living and educational opportunities, all set within a city that beautifully balances modernity with its historical roots.

Murfreesboro's Property Size and Land Use Insights

Murfreesboro, a city known for its dynamic blend of urban and rural landscapes, offers varied property sizes to cater to diverse homeowner needs. From sprawling acreage in suburban areas to more compact lots in the city center, Murfreesboro's real estate landscape is diverse, catering to different lifestyles and preferences. While specific details about average property sizes and zoning regulations are not readily available, it's clear that the city's planning and zoning policies are designed to accommodate this diversity, ensuring a balanced development that respects both urban growth and rural charm.

Schools and Education in the Murfreesboro Area

Murfreesboro and Rutherford County School Districts: Centers of Learning Murfreesboro is served by two main school districts: the Murfreesboro School District and the Rutherford County School District. The Murfreesboro School District, with 13 schools serving 9,365 students, maintains a student-to-teacher ratio comparable to the state average. This district stands out in Tennessee, ranking better than 76.9% of all state school districts and better than 68.2% of all U.S. school districts. It demonstrates a commitment to quality education, as evidenced by its ratings.

Performance and Test Scores In terms of academic proficiency, students in Murfreesboro show commendable performance. Public school test scores reveal a proficiency of 41% in reading and math, indicating a strong educational foundation being laid in these fundamental areas.

Rutherford County School District: Excellence in Education The larger Rutherford County School District, encompassing 51 schools and educating 49,253 students, also boasts impressive educational standards. It outperforms 90.9% of school districts in Tennessee and 78.7% of districts across the United States. Such high rankings highlight the district's dedication to providing top-tier educational opportunities for its students.

Schools Across the Districts Both districts offer a range of schools catering to different educational levels, from primary to high school. Schools like Black Fox Elementary, Bradley Academy, and Cason Lane Academy in the Murfreesboro District, and Barfield Elementary, Blackman High, and Brown's Chapel Elementary in the Rutherford County District, are just a few examples of the educational institutions that form the backbone of Murfreesboro's educational landscape.

Murfreesboro's focus on education is evident in the quality of its school districts and the performance of its students. This emphasis on learning not only benefits current residents but also makes the city an attractive destination for families prioritizing quality education.

Murfreesboro’s Tax and Property Value Landscape

Understanding Property Taxes in Murfreesboro In Murfreesboro, the property tax rate for 2023 is set at $0.9526 per $100 of assessed value. Residential properties are assessed at 25% of their appraised value, while commercial properties are assessed at higher percentages. To calculate your tax, you'll multiply your property's appraised value by the assessment ratio, then divide by $100 and apply the tax rate.

Exploring the Surrounding Communities and Lifestyle Opportunities

Diverse Neighborhoods and Lifestyles in Murfreesboro Murfreesboro is celebrated for its year-round beautiful weather and a population that enjoys a rich history and vibrant community life. Located just over 30 miles southeast of Nashville, it's one of the fastest-growing cities in the U.S., offering a variety of lifestyles and community experiences.

Spotlight on Key Neighborhoods

  • Breckenridge: A peaceful suburban neighborhood offering spacious homes with large lots, close to schools and parks. Ideal for families looking for quiet living with city conveniences.
  • Berkshire: Known for its resort-like atmosphere and abundant amenities like pools and sports courts. It's perfect for those seeking an active community lifestyle.
  • Regency Park: Features stately homes on half-acre lots, offering a blend of traditional and colonial architecture. It's a great choice for those seeking elegance and space.
  • Northwoods: A unique community in northeastern Murfreesboro, close to local eateries and small businesses, suitable for those who enjoy a blend of suburban and urban living.
  • Indian Hills: A haven for golf enthusiasts with luxurious amenities, including a golf course and recreational areas. It's ideal for those seeking an upscale, active lifestyle.
  • The Reserve: A new neighborhood offering beautiful homes and convenient amenities. It's a quiet oasis despite being close to shopping and dining options.
  • Huntington: Offers single-family homes with spacious lots and is conveniently located near schools and shopping centers. It's perfect for families who value convenience and comfort.
  • Liberty Station: Located in the heart of the city, it's close to a vast selection of bars, eateries, and the Murfreesboro Greenway System. Ideal for those who love being at the center of action.

Summary Murfreesboro, TN, presents a unique real estate landscape with its blend of urban and rural elements, making it an attractive destination for a variety of homebuyers. From modern constructions with historical touches to diverse neighborhoods offering a range of lifestyles and amenities, the city caters to different preferences and needs. The local school districts are a testament to the city's commitment to quality education, further enhancing its appeal to families. Additionally, the property tax rate and calculation method provide clarity for potential homeowners considering a move to Murfreesboro. The city’s proximity to Nashville, coupled with its own rich cultural and historical heritage, ensures a vibrant community life for its residents.