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Affordable
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These days, finding an affordable place to live in the Murfreesboro area can be challenging. Home prices in Murfreesboro are now at a median cost of $138,962, lower than the Arkansas average of $207,061.
The average cost of rent is $705/mo in Murfreesboro, primarily driven by the current value of real estate in the Murfreesboro area. In Murfreesboro, 24.98% of households rent, and 58.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Murfreesboro is $4,377 per month. Households that rent pay about 16.10% of their income on rent here. Murfreesboro’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mount Moriah, AR: equally priced homes
- Kimberley, AR: higher priced homes
- Tokio, AR: equally priced homes
- Roy, AR: equally priced homes
- Nathan, AR: higher priced homes
- North Bingen, AR: higher priced homes
- Pisgah, AR: less expensive homes
- Delight, AR: less expensive homes
- McCaskill, AR: equally priced homes
- Muddyfork, AR: higher priced homes
Cities with Similar Populations
- Winnebago, NE: less expensive homes
- Union City, OK: higher priced homes
- Van Dyne, WI: higher priced homes
- Wakefield, MI: less expensive homes
- Waldo, OH: higher priced homes
- Waterboro, ME: higher priced homes
- Waverly, WV: higher priced homes
- West Yellowstone, MT: higher priced homes
- Winfield, TN: equally priced homes
- Fort Deposit, AL: less expensive homes
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