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The Hertford County Buyer's Brief · Chapter 3 of 9

Murfreesboro & Chowan University

College-Town Buying on the Meherrin River

Read time
~6 min
Data current
as of 2026
Author
Travis Old, Broker · Horizon Realty Group

The county’s old-money main street

Murfreesboro sits on the Meherrin River in the northwestern corner of Hertford County, a few miles from the Virginia line, and it is the county’s history town. It was a working river port in the late 1700s and it shows: the Murfreesboro Historic District was added to the National Register of Historic Places in 1971, covering roughly 100 acres of the town’s oldest section, with contributing buildings that run from the William Rea Store (circa 1790) through Federal and Greek Revival houses like the John Wheeler House to the Walter Reed House — the childhood home of the Army physician the famous hospital is named for.

If Ahoskie is the county’s errand town, Murfreesboro is the town people photograph. For buyers, that translates into a genuinely different housing stock than anywhere else in the county: real 19th-century architecture, mature trees, sidewalks, and a compact walkable core — at Hertford County prices, not Edenton or New Bern prices. That last part is the draw, and it’s also where the honest caveats live.

Chowan University: the anchor at its actual size

Chowan University was founded in 1848 as Chowan Female Institute by Baptist families, which makes it one of the older church-founded schools in the state. Today it’s a private, Christian university with a Baptist heritage, and — this number matters — its own website puts the student body at about ~700 students, drawn from 31 states and two dozen countries. Enrollment at small private colleges moves around year to year, so treat that as an order of magnitude, not a constant.

An order of magnitude is exactly the right way to think about it, because the university’s effect on housing is real but proportional to its size. Chowan is a steady employer of faculty, coaches, and staff. It brings a modest, recurring stream of newcomers to a town that would otherwise see very few. It keeps restaurants, ball fields, and a cultural calendar alive that a town this size wouldn’t otherwise support. What it does not do is generate the kind of off-campus rental demand that a state university generates. Most of a residential college’s 700 students live on campus. That’s a fundamentally different market than a college town with 20,000 students competing for apartments.

Don’t import big-college rental math

The “buy a house near campus, rent it to students forever” playbook is built on a deep, self-renewing pool of off-campus student renters. At Chowan’s scale, that pool is shallow, and university housing policy — not the market — largely decides how many students rent off campus in any given year. If you buy a rental in Murfreesboro, underwrite it against the general workforce tenant pool (Chapter 5), and treat any student or university-affiliated tenant as a bonus, not the plan.

Who actually buys here

Three buyer patterns show up around a small college, and all three exist in Murfreesboro at small scale:

  • Faculty and staff buyers. The classic pattern: hired at the university, want to walk or drive five minutes, and want a house with some character. The historic core and the streets around it serve exactly this buyer, and when they move on, the next hire is a natural resale prospect — at the modest volume a ~700-student school produces.
  • Parent buyers. Some families do the “buy instead of dorm” arithmetic. At Hertford County price points the math can pencil better than it does in big college towns — but be honest about the exit: when your student graduates, you’re selling into a small local market, not into a queue of other parents. Buy a house the general market would want — sound, ordinary, easy to maintain — not a quirky one only a parent-buyer would take.
  • Historic-house buyers. People who want an 1840s house with heart-pine floors and can’t or won’t pay what the well-known coastal history towns charge. Murfreesboro is one of the better value plays in the region for this — with eyes open about what old houses cost to own.

The old-house checklist is not optional here

A 150-year-old house is a system of systems at end-of-life unless someone has already replaced them. Before you fall for the mantel: check the wiring type and panel, the plumbing supply and drain materials, the foundation and sills for moisture and insect history, the roof age, and how (or whether) the house is insulated. Get an inspector who works on old houses, and price the next ten years of ownership, not just the purchase. If the property sits within the historic district, also ask the town what review applies to exterior changes before you plan that new porch. Chapter 8 covers the inspection stack in detail.

Murfreesboro

Historic river town, northwestern Hertford County

The county’s history town. An 18th-century river port with a walkable core, a few miles from the Virginia line.

Chowan University

Founded 1848, ~700 students

The small anchor. Baptist-heritage private university — a steady employer and a modest, recurring stream of newcomers.

Murfreesboro Historic District

National Register, listed 1971

~100 acres of the old town. Contributing buildings from circa 1790 onward, including the William Rea Store and the Walter Reed House.

Meherrin River

The town’s waterfront

Why the town exists. The navigable river that made Murfreesboro a port — and part of the river-frontage story in Chapter 4.

The bottom line on Murfreesboro

Buy Murfreesboro for what it is: the most character-rich housing stock in Hertford County, in a town kept alive by a small university, at prices the bigger-name history towns stopped offering years ago. Don’t buy it for a student-rental empire that the numbers can’t support. If the historic stock appeals to you, start with current Murfreesboro listings and walk the district before you look at a single interior photo — the streetscape is half of what you’re buying.

Downstream of Murfreesboro, the Meherrin joins the Chowan near the county seat — a town with the most dramatic history in the county and the most water frontage. That’s Chapter 4, and it comes with a flood-zone conversation we’re going to have honestly.

Interested in a historic Murfreesboro house?

Travis holds a NC General Contractor license alongside his broker license and can walk an old house with you looking at sills, systems, and repair costs — not just square footage.

(252) 202-4945 Schedule a Call

Data note: Enrollment is the university’s own published figure and is approximate — small-college enrollment shifts year to year. Historic district details are from the National Register listing (1971). Verify current university figures and any historic-district review requirements before relying on them.