Murfreesboro, TN—37129
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 $440,000, with a year-over-year change of 1.1%. 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 | $440,000 | 1.1% |
| Single Family | $438,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $284,000 | -0.7% |
3 Bed | $394,000 | 0.5% |
4 Bed | $553,000 | 0.4% |
| 5 Bed | $630,000 | 0.0% |
% of Housing Stock
Rental Trends — Murfreesboro, TN
As of July '25, Rentcast reports the average rent in Murfreesboro, TN is $2,170, with a year-over-year rent change of 4.8%. Per bedroom, the median rent as of July '25 in Murfreesboro, TN is studios: $1,560, 1-bedrooms: $1,270, 2-bedrooms: $1,460, 3-bedrooms: $2,120, 4-bedrooms: $2,590. The most common rental property sizes in Murfreesboro, TN are 2-bedroom and 1-bedroom, accounting for 34.2% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,170 |
| Studio Rent | $1,490 | $1,560 |
| 1 Bed Rent | $1,320 | $1,270 |
| 2 Bed Rent | $1,300 | $1,460 |
| 3 Bed Rent | $2,090 | $2,120 |
| 4 Bed Rent | $2,520 | $2,590 |
% 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 54. This is a increase of 2.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | -1.0% |
Listing Count | 437 | 53.0% |
| Listings as % of Homes | 0.9% | 53.0% |
Days on Market | 54 | 2.0% |
Demographics — Murfreesboro, TN
As of the latest ACS Survey released in 2023, Murfreesboro, TN has a population of 60,600, which has increased by 4.4% over the past 5 years. Murfreesboro, TN is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 38.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 60,600 | 4.4% |
% Under 18 | 22.4% | -9.3% |
% Seniors | 13.2% | 18.9% |
% WFH | 14.6% | 231.8% |
% w/ College Degree | 38.8% | 11.8% |
As of the latest ACS Survey released in 2023, Murfreesboro, TN is a predominantly white area, with 73.3% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Murfreesboro, TN is black, making up 11.1% of the population. Foreign-born residents account for 7.0% of the population in Murfreesboro, TN, and this percentage has increased by 48.9% 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 | 73.3% | -8.8% |
% Black | 11.1% | 8.8% |
% Hispanic | 6.2% | 24.0% |
% Asian | 3.9% | 69.6% |
% Foreign Born | 7.0% | 48.9% |
Mortgage and Risk — Murfreesboro, TN
According to HUD data as of 2023, there were 1699 mortgage originations in Murfreesboro, TN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Murfreesboro, TN. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,699 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Murfreesboro, TN
As of 2024, the percent of homes in Murfreesboro, TN under the Section 8 program is 2.0%. 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 | 148 |
Total Units Section 8 | 148 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 94.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,320 | $1,690 |
| 2 Bedroom | $570 | $1,300 | $1,870 |
| 3 Bedroom | $270 | $2,090 | $2,360 |
| 4 Bedroom | $390 | $2,520 | $2,910 |
Affordability — Murfreesboro, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $440,000 |
| Median Household Income | $89,800 |