More Apartments and Condominiums as Murfreesboro and Rutherford County Continue to Grow

(Rutherford County, TN) Rutherford County has grown by over 88-thousand residents since 2010, which equals a 12-year growth rate of more than 30%. With the population growth comes an increased need for housing. Murfreesboro City Manager Craig Tindall said the supply of housing has not been able to keep up with the growth, which is one reason we are seeing more apartments and condominiums… Tindall told WGNS the city has been cautious with zoning for high-density housing… The City Manager confirmed areas around Medical Center Parkway and the Murfreesboro square make sense for higher density housing, which is one reason there has been an increased interest by developers in building condominiums and apartments in those areas.

A past study by the University of Tennessee suggests Rutherford County will likely be named the third largest county in the state by year 2050. Currently, that title is held by Knox County, which is where Knoxville is located.

Tindall said higher interest rates on mortgages may cause a temporary slow-down in growth… Rutherford County currently has more than 352-thousand residents. The UT study that was overseen by the Boyd Center for Business and Economic Research showed Rutherford County growing to 529,113 residents by year 2045 and 568,392 residents by year 2050.

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