The housing market in Murfreesboro, TN is thriving compared to the national average. The median value of a house in Murfreesboro is $381,700 which is significantly higher than the US median value of $338,100. This gap is even more pronounced when looking at the one year appreciation rate - 17.31% for Murfreesboro compared to 8.27% nationwide. This means that homeowners in Murfreesboro can expect to see more substantial returns on their home investments than the US average, making it an attractive location for those looking to buy or sell a house.
The median home cost in Murfreesboro is $381,700. Home appreciation the last 10 years has been 152.0%. Home Appreciation in Murfreesboro is up 25.7%.
Average Age of Homes
- The median age of Murfreesboro real estate is 21 years old
The Rental Market in Murfreesboro
- Renters make up 44.7% of the Murfreesboro population
- 4.0% of houses and apartments in Murfreesboro, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.