Median Home PriceBETTER
$215,746.14
Median RentBETTER
$1,363.63/mo
Price-to-Rent RatioBETTER
13.2
Property Tax RateTIE
0.71%
Price Change (1Y)
-1.5%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$47,776
Median Home Price
$412,431.8
Median Rent
$1,703.59/mo
Price-to-Rent Ratio
20.2
Property Tax RateTIE
0.71%
Price Change (1Y)BETTER
+0.5%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$288,031
Key Differences
Home Prices
Memphis's median home price of $215,746.14 is lower than Murfreesboro's $412,431.8 by 48%.
Monthly Rent
Renting in Memphis costs $1,363.63/mo compared to $1,703.59/mo in Murfreesboro—a difference of $339.96/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.