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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 $397,136, higher than the Tennessee average of $315,131.
The average cost of rent is $1,664/mo in Murfreesboro, primarily driven by the current value of real estate in the Murfreesboro area. In Murfreesboro, 39.39% of households rent, and 29.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Murfreesboro is $7,757 per month. Households that rent pay about 21.45% of their income on rent here. Murfreesboro’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rockvale, TN: higher priced homes
- Walterhill, TN: equally priced homes
- Kittrell, TN: equally priced homes
- Christiana, TN: equally priced homes
- Smyrna, TN: equally priced homes
- Link, TN: higher priced homes
- Lascassas, TN: equally priced homes
- Patterson, TN: higher priced homes
- Arrington, TN: higher priced homes
- Readyville, TN: less expensive homes
Cities with Similar Populations
- Berkeley, CA: higher priced homes
- Arlington Heights, IL: equally priced homes
- Aurora, CO: higher priced homes
- Arlington, TX: less expensive homes
- Anchorage, AK: equally priced homes
- Arlington, VA: higher priced homes
- Akron, OH: less expensive homes
- Alhambra, CA: higher priced homes
- Baldwin Park, CA: higher priced homes
- Atlanta, GA: equally priced homes
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