Murfreesboro, TN—37130
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 $366,000, with a year-over-year change of -0.4%. This indicates that home prices in Murfreesboro, TN are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $366,000 | -0.4% |
| Single Family | $372,000 | -0.5% |
| Condos | $253,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $258,000 | 0.0% |
3 Bed | $355,000 | 0.6% |
4 Bed | $524,000 | 1.4% |
| 5 Bed | $659,000 | 1.7% |
% of Housing Stock
Rental Trends — Murfreesboro, TN
As of July '25, Rentcast reports the average rent in Murfreesboro, TN is $1,730, with a year-over-year rent change of 6.8%. Per bedroom, the median rent as of July '25 in Murfreesboro, TN is studios: $899, 1-bedrooms: $1,180, 2-bedrooms: $1,500, 3-bedrooms: $1,970, 4-bedrooms: $2,530. The most common rental property sizes in Murfreesboro, TN are 2-bedroom and 1-bedroom, accounting for 41.4% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,730 |
| Studio Rent | $850 | $899 |
| 1 Bed Rent | $975 | $1,180 |
| 2 Bed Rent | $1,420 | $1,500 |
| 3 Bed Rent | $1,910 | $1,970 |
| 4 Bed Rent | $2,330 | $2,530 |
% 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 58. This is a increase of 40.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $431,000 | 1.0% |
Listing Count | 257 | 28.0% |
| Listings as % of Homes | 0.6% | 28.0% |
Days on Market | 58 | 40.0% |
Demographics — Murfreesboro, TN
As of the latest ACS Survey released in 2023, Murfreesboro, TN has a population of 57,800, which has increased by 1.2% over the past 5 years. Murfreesboro, TN is a moderately popular place for families, as children make up 20.0% of the population. The area has a moderately educated workforce, with 37.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 57,800 | 1.2% |
% Under 18 | 20.0% | -7.8% |
% Seniors | 12.6% | 28.6% |
% WFH | 11.7% | 172.1% |
% w/ College Degree | 37.5% | 4.7% |
As of the latest ACS Survey released in 2023, Murfreesboro, TN is a predominantly white area, with 63.0% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Murfreesboro, TN is black, making up 18.2% of the population. Foreign-born residents account for 8.5% of the population in Murfreesboro, TN, and this percentage has increased by 11.8% 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 | 63.0% | -1.6% |
% Black | 18.2% | -16.9% |
% Hispanic | 12.0% | 46.3% |
% Asian | 2.0% | -20.0% |
% Foreign Born | 8.5% | 11.8% |
Mortgage and Risk — Murfreesboro, TN
According to HUD data as of 2023, there were 878 mortgage originations in Murfreesboro, TN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Murfreesboro, TN. Investor activity is low, as 5.0% 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 | 878 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% 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 9.3%. 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 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 and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,156 |
Total Units Section 8 | 1,156 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $375 | $975 | $1,350 |
| 2 Bedroom | $70 | $1,420 | $1,490 |
| 3 Bedroom | -$30 | $1,910 | $1,880 |
| 4 Bedroom | -$10 | $2,330 | $2,320 |
Affordability — Murfreesboro, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $366,000 |
| Median Household Income | $60,400 |