Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Murray area can be challenging. Home prices in Murray are now at a median cost of $131,247, lower than the Arkansas average of $160,541.
The average cost of rent is $677/mo in Murray, primarily driven by the current value of real estate in the Murray area. While nearly 61.37% of residents own their homes outright in Murray, 17.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in Murray is $3,433 per month. Households that rent pay about 19.72% of their income on rent here. Murray's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Ponca, AR: higher priced homes
- Wayton, AR: higher priced homes
- Walnut, AR: less expensive homes
- Mossville, AR: higher priced homes
- Parthenon, AR: higher priced homes
- Kingston, AR: higher priced homes
- Deer, AR: equally priced homes
- Stoverville, AR: higher priced homes
- Mount Sherman, AR: higher priced homes
- Jasper, AR: higher priced homes
Cities with Similar Populations
- Soham, NM: higher priced homes
- Heron Bay, AL: higher priced homes
- Herrick Center, PA: higher priced homes
- Herring, WV: higher priced homes
- Hicks, AR: less expensive homes
- High Flats, NY: equally priced homes
- Holcut, MS: less expensive homes
- Idana, KS: higher priced homes
- Iddo, FL: less expensive homes
- Sogn, MN: higher priced homes
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