Murfreesboro, TN

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Murfreesboro short-term rental market based on reliable data.

Listings

342 / 624

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$29,658

Middle-Earners Revenue

Occupancy

63%

Middle-Earners Occupancy

Home Value

$429,141

Median Home Sale Price

Top Earners

$53,876

Top-Earners Revenue

Murfreesboro

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Murfreesboro.

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A

Very Investor friendly

Murfreesboro Regulations

STRs are explicitly allowed citywide with no caps, straightforward $30 total business licensing, and only standard state/county tax obligations (7% sales tax + 5% occupancy); no specific local permits or restrictive rules, and compliance is simple and low cost.

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About Murfreesboro

Murfreesboro sits in Rutherford County in Middle Tennessee, serving as the county seat and the geographic and economic heart of the rapidly growing suburbs southeast of Nashville. With a population of roughly 160,000, it is among the largest cities in the state, blending college-town energy, preserved Civil War history, and the suburban expansion spilling out of the Nashville metro. Home to Middle Tennessee State University, Murfreesboro has a youthful, energetic feel that contrasts with its antebellum-era streets and the rolling Tennessee countryside surrounding it. It lies about 35 miles southeast of downtown Nashville, making it a popular residential and commuter hub while retaining its own distinct identity.

Stones River National Battlefield preserves the site of the Battle of Stones River, a pivotal early-1863 engagement in the American Civil War. The park features walking trails through preserved earthworks, a national cemetery, and a visitor center with interpretive exhibits, all within the city limits just north of downtown. The battlefield offers a quiet, reflective experience that contrasts with the bustle of modern Murfreesboro and draws Civil War enthusiasts from across the country.

Downtown Murfreesboro centers on the historic public square, where the county courthouse anchors a walkable district of locally owned restaurants, coffee shops, boutiques, and the occasional live-music venue. The square hosts farmers markets and community events throughout the year, and it remains the social heart of the city, drawing students from the nearby university and families from surrounding neighborhoods. Evenings and weekends bring a steady hum of activity that gives the area a small-town feel despite the city's size.

For outdoor recreation, Percy Priest Lake lies just minutes north of the city, offering boating, fishing, swimming beaches, and lakeside camping across thousands of acres of water threaded by the Stones River. The lake's several marinas and day-use areas make it a go-to escape for residents and visitors looking to trade urban activity for a quiet afternoon on the water, and it adds a meaningful natural amenity to a market that is otherwise defined by its urban and historic offerings.

For short-term rental investors and travelers alike, Murfreesboro offers an appealing combination of affordability relative to Nashville, a steady calendar of university-related and event-driven demand, and access to both Civil War heritage sites and the outdoor recreation of Middle Tennessee. Its position between Nashville and the broader region makes it a flexible base for guests exploring the area, attending university events, or simply enjoying a slower-paced Tennessee stay, and its continued growth suggests sustained interest in lodging options that offer a bit more space and local flavor than a typical hotel.

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