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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 $501,390, lower than the Utah average of $525,914.
The average cost of rent is $1,774/mo in Murray, primarily driven by the current value of real estate in the Murray area. In Murray, 40.70% of households rent, and 41.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Murray is $7,797 per month. Households that rent pay about 22.75% of their income on rent here. Murray’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Midvale, UT: less expensive homes
- South Salt Lake, UT: less expensive homes
- Holladay, UT: higher priced homes
- Taylorsville, UT: less expensive homes
- Cottonwood Heights, UT: higher priced homes
- Sandy, UT: higher priced homes
- West Valley City, UT: less expensive homes
- West Jordan, UT: equally priced homes
- Salt Lake City, UT: equally priced homes
- Kearns, UT: less expensive homes
Cities with Similar Populations
- Kaneohe, HI: higher priced homes
- National City, CA: higher priced homes
- Mount Juliet, TN: equally priced homes
- New Baltimore, MI: less expensive homes
- New Brunswick, NJ: less expensive homes
- Newark, OH: less expensive homes
- Oak Lawn, IL: less expensive homes
- Owings Mills, MD: less expensive homes
- Palm Beach Gardens, FL: higher priced homes
- Perth Amboy, NJ: less expensive homes
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