Affordability evidence
Murfreesboro, TN home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Murfreesboro, TN.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
In Murfreesboro, TN, the 2024 ACS reports a median owner-occupied home value of $402,100, median household income of $80,108, and median selected monthly owner costs of $1,907 for owners with a mortgage. For the decision at hand, together, those three reference points may help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,907 measure combines recurring ownership expenses rather than real estate taxes alone. In practical terms, a useful affordability review starts with $402,100, $80,108, and $1,907, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Murfreesboro, TN's $402,100 median home-value estimate is above the statewide $286,700 estimate, with a reported city-to-state gap of 40.3%. For the decision at hand, that 40.3% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Murfreesboro, TN.