Murfreesboro, TN - Murfreesboro’s real estate market is holding steady in 2025, according to a new report from WalletHub that ranks the city 15th overall and 8th among midsize cities in its annual Best Real-Estate Markets study. The report, which analyzed 300 cities across 17 metrics, paints a nuanced picture of Murfreesboro’s housing health. While mortgage rates have remained relatively stable compared to last year, the city’s performance varies across categories. Murfreesboro shines in job growth, ranking 21st nationally, and shows solid home-price appreciation at 54th. However, it struggles with a high percentage of delinquent mortgage holders, landing at 237th of 300 in that category.
Local experts say the market’s strength lies in its balance. Bart McLeroy of Collin College in Texas suggests that for buyers who can afford a mortgage and find a property that fits their needs, now could be a good time to buy. He encourages potential homeowners to reflect on the past five years and consider whether buying earlier would have improved their financial position. On the flip side, Wendell Hahn from the University of South Carolina advises caution, arguing that elevated prices and interest rates make waiting a smarter move.
Inflation continues to play a major role in shaping the market. Antonio Prado, a developer and lecturer at the University of Miami, notes that rising costs have squeezed affordability, especially for lower and middle-income buyers. Developers are focusing on luxury units, leaving fewer options for those seeking modest homes. Martina Schmidt from the University of South Florida echoes this, adding that while some overheated markets may see price corrections, Murfreesboro’s demand and supply dynamics are unlikely to shift dramatically in the short term.
Looking ahead, the housing market is expected to remain in a state of cautious normalization. Dr. John Yeressian of El Camino College in California points to demographic changes, remote work, and tight lending standards as stabilizing forces. He predicts neither a crash nor a boom, but rather slow, uneven growth. Schmidt adds that technology will play a growing role, with AI and virtual reality transforming how buyers interact with listings and make decisions.
In short, Murfreesboro’s real estate market is resilient, but not without its challenges. For buyers and sellers alike, the key may be timing, flexibility, and a clear-eyed view of both personal finances and broader economic trends.
