Murfreesboro, TN—37128
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 $441,000, with a year-over-year change of 1.3%. This indicates that home prices in Murfreesboro, TN are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $441,000 | 1.3% |
| Single Family | $443,000 | 0.9% |
| Condos | $399,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $306,000 | -0.3% |
3 Bed | $398,000 | 0.5% |
4 Bed | $520,000 | 0.8% |
| 5 Bed | $603,000 | 1.3% |
% of Housing Stock
Rental Trends — Murfreesboro, TN
As of July '25, Rentcast reports the average rent in Murfreesboro, TN is $2,180, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Murfreesboro, TN is studios: $2,440, 1-bedrooms: $1,360, 2-bedrooms: $1,700, 3-bedrooms: $2,110, 4-bedrooms: $2,510. The most common rental property sizes in Murfreesboro, TN are 2-bedroom and 3-bedroom, accounting for 42.9% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,170 | $2,180 |
| Studio Rent | $2,440 | $2,440 |
| 1 Bed Rent | $1,350 | $1,360 |
| 2 Bed Rent | $1,700 | $1,700 |
| 3 Bed Rent | $2,100 | $2,110 |
| 4 Bed Rent | $2,440 | $2,510 |
% 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 44.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $457,000 | -5.0% |
Listing Count | 497 | 31.0% |
| Listings as % of Homes | 1.1% | 31.0% |
Days on Market | 53 | 44.0% |
Demographics — Murfreesboro, TN
As of the latest ACS Survey released in 2023, Murfreesboro, TN has a population of 77,000, which has increased by 50.9% over the past 5 years. Murfreesboro, TN is a popular place for families, as children make up 26.5% of the population. The area has a moderately educated workforce, with 37.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 77,000 | 50.9% |
% Under 18 | 26.5% | 2.3% |
% Seniors | 8.6% | -2.3% |
% WFH | 15.2% | 186.8% |
% w/ College Degree | 37.7% | -11.3% |
As of the latest ACS Survey released in 2023, Murfreesboro, TN is a predominantly white area, with 66.4% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Murfreesboro, TN is black, making up 12.7% of the population. Foreign-born residents account for 10.0% of the population in Murfreesboro, TN, and this percentage has increased by 53.8% 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 | 66.4% | -7.1% |
% Black | 12.7% | -12.4% |
% Hispanic | 9.1% | 133.3% |
% Asian | 4.9% | 0.0% |
% Foreign Born | 10.0% | 53.8% |
Mortgage and Risk — Murfreesboro, TN
According to HUD data as of 2023, there were 1919 mortgage originations in Murfreesboro, TN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% 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. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,919 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Murfreesboro, TN
As of 2024, the percent of homes in Murfreesboro, TN under the Section 8 program is 1.7%. 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. In Murfreesboro, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 169 |
Total Units Section 8 | 169 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,350 | $1,740 |
| 2 Bedroom | $230 | $1,700 | $1,930 |
| 3 Bedroom | $340 | $2,100 | $2,440 |
| 4 Bedroom | $560 | $2,440 | $3,000 |
Affordability — Murfreesboro, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $441,000 |
| Median Household Income | $89,100 |