Murray Metro Area, KY Housing

The housing market in Murray, KY Metro Area is quite impressive. The median value of a house in the area is $154,700 which is less than half of the US median value of $338,100. This appealing price may explain why the appreciation rate for houses in this area was 14.21% over the last year compared to 8.27% nationwide. Homeowners in Murray, KY Metro Area have enjoyed a great return on their investment over the past year and this trend looks set to continue into the future.

The median home cost in Murray Metro Area is $154,700. Home appreciation the last 10 years has been 55.6%. Home Appreciation in Murray Metro Area is up 15.7%.

Average Age of Homes

- The median age of Murray Metro Area real estate is 34 years old

The Rental Market in Murray Metro Area

- Renters make up 28.5% of the Murray Metro Area population
- 3.2% of houses and apartments in Murray Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Murray, Kentucky	United States
	17,980.0	139,647,020.0
	35	42
	$154,700	$338,100
	15.7%	16.6%
	43.8%	57.0%
	55.6%	101.1%
	$7.00	$10.98
	$1,036	$2,690
	52.7%	57.4%
	18.7%	11.2%
	28.6%	31.4%
Vacant Housing
	3.2%	1.9%
	1.4%	0.4%
	0.6%	0.7%
	0.4%	0.4%
	3.3%	3.6%
	9.8%	4.1%
Value of Owner-Occupied Housing
	5.4%	2.6%
	5.0%	2.4%
	4.8%	2.8%
	5.8%	3.9%
	9.1%	4.5%
	20.7%	11.3%
	18.8%	13.0%
	19.5%	20.1%
	5.6%	13.6%
	2.1%	8.3%
	1.3%	9.7%
	1.3%	3.9%
	0.2%	2.2%
	0.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.7%	0.2%
	12.0%	13.6%
	12.0%	13.6%
	22.3%	13.6%
	10.9%	13.2%
	17.3%	14.8%
	22.3%	13.6%
	7.2%	10.0%
	4.1%	4.7%
	4.9%	12.2%

Reviews for Murray

See all (0)

Write a Review

Start Your Review of Murray

Commute

The premier source for comprehensive city data for over 30 years.

��