Mortgage Rates in Murfreesboro, Tennessee — March 2026
Updated March 2026 | Based on Murfreesboro market data and regional lending conditions
Murfreesboro is a growing city in Tennessee with a population of 152,769. The current 30-year fixed mortgage rate in Murfreesboro is 6.72%, which is 0.07% above the national average. With a median home price of $365,000 and a 20% down payment of $73,000, homebuyers can expect a monthly principal and interest payment of approximately $1,888.
Current Mortgage Rates in Murfreesboro, TN
Below are the current average mortgage rates available in the Murfreesboro area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.32% | 6.25% | +0.07% |
| VA | 6.12% | 6.05% | +0.07% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Murfreesboro Housing Market Overview
The Murfreesboro housing market reflects moderate demand with prices near the national average. The median household income in Murfreesboro is $58,250, and the cost of living index is 92.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $89,529 to comfortably afford the median-priced home in Murfreesboro, which exceeds the current median household income.
Monthly Payment Breakdown for Murfreesboro
Based on the median home price of $365,000 with 20% down ($73,000), here is what you can expect to pay monthly in Murfreesboro:
15-Year vs. 30-Year Mortgage in Murfreesboro
Choosing a 15-year mortgage in Murfreesboro at 5.96% instead of a 30-year at 6.72% would save you $237,240 in total interest over the life of the loan. However, your monthly payment would be $2,458 instead of $1,888 — an increase of $570 per month.
Calculate Your Murfreesboro Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Murfreesboro
What are the current mortgage rates in Murfreesboro, TN?
As of March 2026, the average 30-year fixed mortgage rate in Murfreesboro, Tennessee is 6.72%, while the 15-year fixed rate is 5.96%. FHA loans average 6.32% and VA loans 6.12%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Murfreesboro?
Based on the median home price of $365,000 with 20% down, the estimated monthly mortgage payment in Murfreesboro is $1,888 for principal and interest. Including property taxes of $201/month, the total monthly housing cost is approximately $2,089.
What income do I need to buy a home in Murfreesboro?
Using the 28% rule, you would need an annual income of approximately $89,529 to afford the median-priced home in Murfreesboro at $365,000. The median household income in Murfreesboro is $58,250. This means most households would need to either earn above the median or consider homes below $365,000.
Is Murfreesboro a good place to buy a home in 2026?
Murfreesboro offers a below-average cost of living with a cost of living index of 92.5 (national average = 100). The property tax rate in Tennessee is 0.66%, which is below the national average. Murfreesboro has a population of 152,769 and offers a very affordable lifestyle.
Mortgage Rates in Other Tennessee Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Murfreesboro, Tennessee area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.