Murfreesboro, TN—37127
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Murfreesboro, TN
As of Oct '25, the median home price in Murfreesboro, TN is $420,000, with a year-over-year change of 1.5%. This indicates that home prices in Murfreesboro, TN are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $420,000 | 1.5% |
| Single Family | $420,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $297,000 | 0.3% |
3 Bed | $394,000 | 1.3% |
4 Bed | $480,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Murfreesboro, TN
As of July '25, Rentcast reports the average rent in Murfreesboro, TN is $2,330, with a year-over-year rent change of 5.0%. Per bedroom, the median rent as of July '25 in Murfreesboro, TN is 1-bedrooms: $1,250, 2-bedrooms: $1,640, 3-bedrooms: $2,230, 4-bedrooms: $2,660. The most common rental property sizes in Murfreesboro, TN are 3-bedroom and 2-bedroom, accounting for 41.6% and 40.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,330 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,020 | $1,250 |
| 2 Bed Rent | $1,600 | $1,640 |
| 3 Bed Rent | $2,200 | $2,230 |
| 4 Bed Rent | $2,500 | $2,660 |
% of Rental Stock
Property Listings — Murfreesboro, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Murfreesboro, TN is 53. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $470,000 | 9.0% |
Listing Count | 161 | 18.0% |
| Listings as % of Homes | 1.5% | 18.0% |
Days on Market | 53 | 17.0% |
Demographics — Murfreesboro, TN
As of the latest ACS Survey released in 2023, Murfreesboro, TN has a population of 22,000, which has increased by 23.5% over the past 5 years. Murfreesboro, TN is a popular place for families, as children make up 29.2% of the population. The area has a moderately educated workforce, with 38.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,000 | 23.5% |
% Under 18 | 29.2% | 29.8% |
% Seniors | 10.8% | -17.6% |
% WFH | 12.9% | 200.0% |
% w/ College Degree | 38.7% | 11.5% |
As of the latest ACS Survey released in 2023, Murfreesboro, TN is a predominantly white area, with 64.5% of the population identifying as white. The white population has shrunk by 18.8% in the last 5 years. The second most common race or ethnicity in Murfreesboro, TN is black, making up 17.7% of the population. Foreign-born residents account for 6.6% of the population in Murfreesboro, TN, and this percentage has increased by 46.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.5% | -18.8% |
% Black | 17.7% | 80.6% |
% Hispanic | 10.1% | 173.0% |
% Asian | 3.5% | -27.1% |
% Foreign Born | 6.6% | 46.7% |
Mortgage and Risk — Murfreesboro, TN
According to HUD data as of 2023, there were 460 mortgage originations in Murfreesboro, TN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Murfreesboro, TN. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 460 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Murfreesboro, TN
As of 2024, the percent of homes in Murfreesboro, TN under the Section 8 program is 2.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Murfreesboro, TN, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 45 |
Total Units Section 8 | 45 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $440 | $1,020 | $1,460 |
| 2 Bedroom | $20 | $1,600 | $1,620 |
| 3 Bedroom | -$150 | $2,200 | $2,050 |
| 4 Bedroom | $20 | $2,500 | $2,520 |
Affordability — Murfreesboro, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $420,000 |
| Median Household Income | $85,900 |