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Murray

Learn about the people, housing, costs and businesses in Murray, Iowa

Median Home$177,500
Median Rent$894/month
Population642
Leading IndustriesConstruction · Agriculture & Mining · Finance & Insurance12% construction
Home Value Growth+6.3% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners91% of occupied units
Murray
IA

Frequently Asked Questions

What are today's mortgage rates in Murray?

As of today, the 30-year fixed mortgage rate for Murray is approximately 6.978% (7.017% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Murray?

The median home value in Murray is $178k. The median monthly rent is $894. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Murray?

Home values in Murray have increased 6.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Murray?

Based on a typical all-in ownership cost of $1,095/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Murray is $81k/year.

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What industries drive the economy in Murray?

The largest employment sectors in Murray are public administration (17%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.