The housing market in 37127 Murfreesboro, TN is significantly stronger than the national average. The median value of a house in the area is $367,700, which is higher than the US House Median Value of $338,100. Furthermore, the appreciation rate over the past year has been 17.31%, much higher than the 8.27% national average. This indicates that Murfreesboro is a desirable place to own a home and could be an excellent investment opportunity.
The median home cost in Murfreesboro (zip 37127) is $367,700. Home appreciation the last 10 years has been 152.0%. Home Appreciation in Murfreesboro (zip 37127) is up 25.7%.
Average Age of Homes
- The median age of Murfreesboro (zip 37127) real estate is 22 years old
The Rental Market in Murfreesboro (zip 37127)
- Renters make up 18.0% of the Murfreesboro (zip 37127) population
- 1.2% of houses and apartments in Murfreesboro (zip 37127), 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.