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Real Estate Prices & Overview

Berkshire median real estate price is $611,084, which is more expensive than 90.6% of the neighborhoods in Tennessee and 75.3% of the neighborhoods in the U.S.

The average rental price in Berkshire is currently $2,758, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 88.3% of the neighborhoods in Tennessee.

Berkshire is a rural neighborhood (based on population density) located in Murfreesboro, Tennessee.

Berkshire real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Berkshire neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Berkshire are 3.8%, which is lower than one will find in 74.8% of American neighborhoods. Demand for real estate in Berkshire is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

Homes built from 2000 through today make up a higher proportion of the Berkshire neighborhood's real estate landscape than 96.2% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 72.1% of the residential real estate here is classified as newer.

Occupations

With 1.9% of employed workers living in the Berkshire neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 96.1% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

People

The Berkshire neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 94.7% of Tennessee neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children.

Diversity

Did you know that the Berkshire neighborhood has more Finnish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.7% of this neighborhood's residents have Finnish ancestry.

Berkshire is also pretty special linguistically. Significantly, 0.7% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 96.2% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Berkshire neighborhood in Murfreesboro are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 86.4% of the neighborhoods in America. In addition, 2.4% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 73.8% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Berkshire neighborhood, 56.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 15.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.3%), and 13.6% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Berkshire neighborhood is English, spoken by 90.0% of households. Some people also speak Spanish (6.2%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Berkshire neighborhood in Murfreesboro, TN, residents most commonly identify their ethnicity or ancestry as German (14.1%). There are also a number of people of English ancestry (12.1%), and residents who report Irish roots (7.2%), and some of the residents are also of Finnish ancestry (5.7%), along with some Asian ancestry residents (3.6%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Berkshire neighborhood spend between 15 and 30 minutes commuting one-way to work (46.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (70.8%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (12.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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