The housing market in Murray, UT is thriving. The median value of a house in the city is $510,500 - significantly higher than the US median value of $338,100. Furthermore, the one year appreciation rate for houses in Murray is 8.33%, which is greater than the national average of 8.27%. This suggests that real estate values are increasing and well-maintained properties are appreciating faster than the rest of the country. As such, buying a home in Murray is a lucrative investment option for those looking to settle down and enjoy all that this beautiful Utah city has to offer.
The median home cost in Murray is $510,500. Home appreciation the last 10 years has been 165.1%. Home Appreciation in Murray is up 15.0%.
Average Age of Homes
- The median age of Murray real estate is 41 years old
The Rental Market in Murray
- Renters make up 34.8% of the Murray population
- 3.2% 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.