The housing market in Murray, KY is vibrant and growing. The median value of homes is $163,400, which is significantly lower than the US median of $338,100. Additionally, the one-year appreciation rate for housing in Murray is 13.54%, higher than the US rate of 8.27%. This indicates that the housing market in Murray is doing well and stands to benefit those looking to buy or invest in a home. Furthermore, the increasing appreciation rate suggests there may be further opportunities for growth in the future.
The median home cost in Murray is $163,400. Home appreciation the last 10 years has been 55.6%. Home Appreciation in Murray is up 15.7%.
Average Age of Homes
- The median age of Murray real estate is 35 years old
The Rental Market in Murray
- Renters make up 49.2% of the Murray population
- 6.7% of houses and apartments in Murray, 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.