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Port Murray

Learn about the people, housing, costs and businesses in Port Murray, New Jersey

Median Home$367,300
Median Rent$1,438/month
Population227
Leading IndustriesRetail · Manufacturing · Education22% retail
Home Value Growth⬆⬆⬆+23.6% over 2 years
Retirees22% of residentsnear the national average
Homeowners62% of occupied units
NotableTransit85/100 · excellent transit access
NotableAmenity Score70/100 · highly walkable area
Port Murray
NJ

Frequently Asked Questions

What are today's mortgage rates in Port Murray?

As of today, the 30-year fixed mortgage rate for Port Murray is approximately 6.920% (6.957% 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 Port Murray?

The median home value in Port Murray is $367k. The median monthly rent is $1,438. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Port Murray?

Home values in Port Murray have increased 23.6% 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 Port Murray?

Based on a typical all-in ownership cost of $1,718/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $74k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Port Murray is $89k/year.

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What industries drive the economy in Port Murray?

The largest employment sectors in Port Murray are retail (22%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.