Is Murfreesboro, TN Still Affordable? What $100K Gets You in 2025
Jul 26, 2024
If you’re considering a move to Murfreesboro, TN, you might be wondering about the affordability of this growing city. With rising costs across the country, it’s essential to know what your budget can realistically get you in 2025. Let’s dive into the current housing market and see if Murfreesboro is still an affordable option for you.
Quick Answer
As of 2025, Murfreesboro remains relatively affordable compared to many other cities in Tennessee and the U.S. With a budget of $100,000, you can expect to find entry-level homes, townhouses, or condos, particularly in emerging neighborhoods. However, options may be limited, and it’s crucial to act quickly as demand continues to rise.
Understanding the Housing Market in Murfreesboro
Murfreesboro has seen significant growth in recent years, attracting families and young professionals alike. This growth has led to increased demand for housing, which in turn affects prices. Here’s what you need to know about the current market trends.
Current Market Trends
As of 2025, the median home price in Murfreesboro is approximately $350,000. However, there are still affordable options available if you know where to look.
What $100K Can Buy You
With a budget of $100,000, your options are limited but not impossible. Here’s a breakdown of what you might find:
Entry-level homes in less established neighborhoods.
Condos or townhouses that may need some renovations.
Potential fixer-uppers that could increase in value with some investment.
Neighborhoods to Consider
When searching for affordable housing, certain neighborhoods in Murfreesboro stand out. Here are a few to consider:
Emerging Neighborhoods
Areas like North Murfreesboro and parts of the East side are developing quickly and may offer more affordable housing options.
Established but Affordable Areas
Look into neighborhoods with older homes that might be priced lower due to age but still offer good value.
Checklist for Homebuyers in Murfreesboro
Research neighborhoods to find the best value.
Consider properties that need minor renovations.
Get pre-approved for a mortgage to strengthen your offer.
Stay updated on market trends to act quickly.
Work with a local real estate agent familiar with the area.
Common Mistakes to Avoid
When searching for a home in Murfreesboro, it’s easy to make mistakes that can cost you time and money. Here are some common pitfalls:
Not researching neighborhoods thoroughly can lead to overpaying.
Ignoring the condition of a property may result in unexpected repair costs.
Failing to act quickly in a competitive market can mean losing out on a good deal.
FAQs
1. Is Murfreesboro a good place to live?
Yes, Murfreesboro is known for its family-friendly atmosphere, good schools, and a variety of recreational activities. Its growing economy and community vibe make it an attractive place for many.
2. What is the average rent in Murfreesboro?
The average rent for a one-bedroom apartment in Murfreesboro is around $1,200, while two-bedroom apartments typically rent for about $1,500. Prices can vary based on location and amenities.
3. Are there job opportunities in Murfreesboro?
Yes, Murfreesboro has a diverse job market, including education, healthcare, retail, and manufacturing. The city’s growth has led to an increase in job openings across various sectors.
4. What are the property taxes like in Murfreesboro?
Property taxes in Murfreesboro are relatively moderate compared to other areas in Tennessee, averaging around 1.2% of the assessed property value.
5. How can I find affordable housing in Murfreesboro?
To find affordable housing, consider working with a local real estate agent, exploring emerging neighborhoods, and being open to properties that may require some renovations.