Murray, MN is an attractive city for those looking to invest in housing. The median value of a house in Murray is $308,100 which is lower than the US median value of $338,100. However, the one year appreciation rate of house values in Murray is 9.54%, higher than the national average of 8.27%. This suggests that, although the starting point may be lower than the national average, investing in housing in Murray will yield a greater return over time.
The median home cost in Murray is $308,100. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Murray is up 14.7%.
Average Age of Homes
- The median age of Murray real estate is 44 years old
The Rental Market in Murray
- Renters make up 7.7% of the Murray population
- 0.0% 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.