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Murray County Housing Market

Minnesota · 87 counties · Ranked #1647 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$179,400

vs national$179,400 vs $281,900 national

Median Gross Rent

$768/mo

vs national$768 vs $1,163 national

Effective Tax Rate

0.77%

vs national0.77% vs 1.02% national

Median Household Income

$74,475

vs national$74,475 vs $74,755 national

Affordability Ratio

2.4x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

20.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,373

Tax as % of Home Value

0.77%

Monthly Owner Cost

$834

Renter Income

$36,486

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Murray County?

The median home value in Murray County is $179,400. This is below the national median of $281,900.

How much is rent in Murray County?

The median gross rent in Murray County is $768 per month.

What is the property tax rate in Murray County?

The effective property tax rate in Murray County is 0.77%. The median annual property tax bill is $1,373.

Is Murray County affordable?

With a home-value-to-income ratio of 2.4x, Murray County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.