Introduction

Investing in rental properties can be a lucrative venture if done correctly. The key to success lies in identifying properties that offer the best potential for steady rental income and appreciation over time. One of the most critical factors to consider when investing in rental properties is location. A good rental property is not just about the house itself but also about its surroundings, amenities, and the overall appeal of the area. This guide focuses on Rutherford County, TN, a region known for its blend of suburban charm and urban convenience, making it a prime location for rental property investment.

Best Neighborhoods and Areas in Rutherford County, TN

1. Murfreesboro

• Convenience: A
• Tourist Attractions: B+
• Things to Do: A
• Average Home Prices: B
• Return on Investment: A-
• Proximity to Work-Related Travel: A-
• X-Factor: A

Murfreesboro is the largest city in Rutherford County and offers a blend of historical charm and modern amenities.

Convenience: Murfreesboro scores high on convenience due to its well-developed infrastructure, including shopping centers, restaurants, schools, and healthcare facilities. Its proximity to Nashville (approximately 30 miles away) adds to its appeal for commuters.

Tourist Attractions: While not a major tourist hub, Murfreesboro has several attractions such as Cannonsburgh Village, Stones River National Battlefield, and the Discovery Center. These sites provide a cultural and educational experience for residents and visitors alike.

Things to Do: The city offers a variety of activities, including parks, greenways, and a vibrant downtown area with shops, dining, and entertainment options.

Average Home Prices: The average home price in Murfreesboro is higher compared to other areas in Rutherford County, reflecting its desirability and growth. However, the potential for appreciation and rental income remains strong.

Return on Investment: With a growing population and increasing demand for rental properties, Murfreesboro offers a solid return on investment.

Proximity to Work-Related Travel: The city's location near major highways and the Nashville International Airport makes it convenient for work-related travel.

X-Factor: Murfreesboro's blend of historical charm, strong community feel, and modern amenities make it a unique and desirable place to live.

2. Smyrna

• Convenience: B+
• Tourist Attractions: B
• Things to Do: B+
• Average Home Prices: A-
• Return on Investment: A-
• Proximity to Work-Related Travel: B+
• X-Factor: B+

Smyrna is a thriving suburban town known for its family-friendly environment and growing economy.

Convenience: Smyrna offers good convenience with access to shopping, dining, and essential services. Its location near Interstate 24 provides easy access to Nashville and other parts of the county.

Tourist Attractions: Attractions in Smyrna include the Sam Davis Home and Museum and the Smyrna Outdoor Adventure Center. These sites add to the town's cultural appeal.

Things to Do: Residents can enjoy parks, recreational facilities, and community events. Smyrna also has a range of local businesses and restaurants that add to the quality of life.

Average Home Prices: Home prices in Smyrna are relatively affordable compared to Murfreesboro, making it an attractive option for investors.

Return on Investment: The town's growing population and strong demand for rental properties provide good ROI potential.

Proximity to Work-Related Travel: Smyrna's proximity to major highways and the nearby Nashville International Airport is beneficial for commuters and business travelers.

X-Factor: Smyrna's strong sense of community, excellent schools, and affordable housing make it a desirable place to live and invest in.

3. La Vergne

• Convenience: B
• Tourist Attractions: B-
• Things to Do: B
• Average Home Prices: A
• Return on Investment: B+
• Proximity to Work-Related Travel: B
• X-Factor: B

La Vergne is a small town with a growing reputation as a good place for families and professionals.

Convenience: La Vergne offers convenience with access to essential services and shopping. Its proximity to Nashville and other major cities via Interstate 24 is a significant advantage.

Tourist Attractions: La Vergne has fewer tourist attractions compared to Murfreesboro and Smyrna, but its peaceful residential environment is a draw for families.

Things to Do: The town offers parks, community events, and local dining options, providing a good quality of life for residents.

Average Home Prices: La Vergne has some of the most affordable home prices in Rutherford County, making it a great option for budget-conscious investors.

Return on Investment: The town's affordability and steady growth make it a promising area for investment.

Proximity to Work-Related Travel: La Vergne is close to major highways, making it convenient for commuters.

X-Factor: La Vergne's affordability, family-friendly environment, and potential for growth make it a unique and attractive investment opportunity.

4. Eagleville

• Convenience: C+
• Tourist Attractions: C
• Things to Do: C+
• Average Home Prices: A
• Return on Investment: B
• Proximity to Work-Related Travel: C
• X-Factor: B-

Eagleville is a small, rural community known for its peaceful lifestyle and scenic beauty.

Convenience: Eagleville offers limited convenience with fewer amenities compared to larger towns. However, it provides a quiet and serene living environment.

Tourist Attractions: The town has few tourist attractions, but its rural charm and local events draw visitors looking for a quiet retreat.

Things to Do: Eagleville offers outdoor activities, local festivals, and a close-knit community feel.

Average Home Prices: Home prices in Eagleville are relatively low, providing a good entry point for investors.

Return on Investment: While the ROI may not be as high as in more developed areas, Eagleville offers steady growth potential and appeal to those seeking a rural lifestyle.

Proximity to Work-Related Travel: The town's rural location means longer travel times to major employment centers and airports.

X-Factor: Eagleville's peaceful environment, scenic beauty, and community-oriented lifestyle make it a unique investment opportunity for those seeking a slower pace of life.

5. Lascassas

• Convenience: C+
• Tourist Attractions: C
• Things to Do: C+
• Average Home Prices: A
• Return on Investment: B-
• Proximity to Work-Related Travel: C
• X-Factor: B-

Lascassas is a rural community known for its agricultural roots and quiet living.

Convenience: Lascassas offers limited convenience with fewer amenities and services. However, it provides a peaceful rural lifestyle.

Tourist Attractions: The area has few tourist attractions, but its agricultural landscape and local events offer a unique charm.

Things to Do: Residents enjoy outdoor activities, local markets, and a close-knit community feel.

Average Home Prices: Home prices in Lascassas are low, making it an affordable option for investors.

Return on Investment: While ROI may be lower compared to more urban areas, Lascassas offers potential for steady growth and appeal to those seeking a rural lifestyle.

Proximity to Work-Related Travel: The rural location means longer travel times to major employment centers and airports.

X-Factor: Lascassas' agricultural roots, scenic beauty, and community-oriented lifestyle make it a unique investment opportunity for those looking for a rural setting.

Conclusion

Rutherford County, TN, offers a diverse range of investment opportunities in its various neighborhoods and towns. From the bustling city life of Murfreesboro to the serene rural charm of Eagleville and Lascassas, each area presents unique advantages for rental property investors. Understanding the strengths and characteristics of each neighborhood can help investors make informed decisions and unlock the full potential of their rental property investments.