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Murray County

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

Median Home$193,486
Median Rent$829/month
Population8,097
Leading IndustriesTransportation · Construction · Agriculture & Mining5% transportation
Home Value Growth⬆⬆⬆+25.9% over 2 years
Retirees27% of residentswell above average
Homeowners82% of occupied units
Murray County
MN

Frequently Asked Questions

What are today's mortgage rates in Murray County?

As of today, the 30-year fixed mortgage rate for Murray County is approximately 7.195% (7.229% 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 County?

The median home value in Murray County is $193k. The median monthly rent is $829. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Murray County?

Home values in Murray County have increased 25.9% over the past two years. This indicates a strong appreciation trend. 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 County?

Based on a typical all-in ownership cost of $831/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Murray County is $73k/year.

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What industries drive the economy in Murray County?

The largest employment sectors in Murray County are public administration (27%) and agriculture and mining (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas