Expensive
Affordable
Affordable
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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 $160,211, lower than the Iowa average of $226,062.
The average cost of rent is $871/mo in Murray, primarily driven by the current value of real estate in the Murray area. In Murray, 9.74% of households rent, and 49.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Murray is $6,724 per month. Households that rent pay about 12.95% of their income on rent here. Murray’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Thayer, IA: equally priced homes
- Osceola, IA: equally priced homes
- Lorimor, IA: equally priced homes
- Grand River, IA: less expensive homes
- Van Wert, IA: less expensive homes
- Truro, IA: higher priced homes
- Afton, IA: less expensive homes
- Ellston, IA: higher priced homes
- Weldon, IA: equally priced homes
- East Peru, IA: higher priced homes
Cities with Similar Populations
- Lisbon, NY: less expensive homes
- White Sulphur Springs, MT: higher priced homes
- Willow, AK: higher priced homes
- Winchester, MO: higher priced homes
- Wolcott, IN: equally priced homes
- McKiddyville, OK: higher priced homes
- Mapleton, ND: higher priced homes
- Loyalton, CA: higher priced homes
- Woodridge, NY: higher priced homes
- Worthington Hills, KY: higher priced homes
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