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City · 18,080 residents · Calloway County, Kentucky

Murray , Kentucky

In Murray, a typical home is worth $195,000 and typical rent is $870 a month. Compared with all of Calloway County, typical household income is 16% lower, the typical home value is 6% higher, and the share of households that own their home is 22 points lower.

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  • Typical home value

    $195,000

    6% above the county

    5% below Kentucky

    • Murray
    • Calloway
    • Kentucky

  • Typical rent

    $870a month

    About the same as the county

    10% below Kentucky

    • Murray
    • Calloway
    • Kentucky

  • Typical household income

    $44,091a year

    16% below the county

    31% below Kentucky

    • Murray
    • Calloway
    • Kentucky

  • Households that own their home

    42%

    22 points below the county

    27 points below Kentucky

    • Murray
    • Calloway
    • Kentucky

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$209,141
about the same as 12 months ago
Typical rent
$1,116 a month
3.9% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Murray is in Calloway County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Calloway County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Murray apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Princeton, the typical home value is $96,600: 50% less than in Murray ($195,000).

  2. 42% of households in Murray own their home, against 64% in Calloway County.

  3. Nearby, in Mayfield, the typical rent is $644: 26% less than in Murray ($870).

  4. The typical household income in Murray is $44,091, 16% less than in Calloway County as a whole ($52,706).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Murray

What homes there are in Murray, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Murray, 5 in 10 homes are single-family detached houses; in Calloway County, 6.

Year built

The typical year built in Murray is 1980, about the same as in Calloway County (1983).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 95% of owner-occupied homes in Murray are worth less than $500,000, below the FHA loan limit for Calloway County ($541,287).

Monthly rent with utilities

About 74% of rented homes in Murray cost less than HUD's 2-bedroom fair market rent for Calloway County ($1,155).

With a mortgage

$1,383 a month

Calloway County: $1,254 a month

Without a mortgage

$520 a month

Calloway County: $447 a month

Owners with a mortgage

51%

Calloway County: 48%

The typical cost for an owner with a mortgage in Murray is $1,383 a month, more than in Calloway County ($1,254); without one, $520.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Murray rose 24% since 2015–2019, less than in Calloway County (33%).

The typical rent in Murray rose 24% since 2015–2019, about the same as in Calloway County (23%).

The typical household income in Murray rose 44%: more than home values (+24%) and rent (+24%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMurrayCalloway CountyKentuckyUnited States
Rental vacancy Unreliable estimate4.3%4.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.0%3.4%
People per household 2.252.312.432.53
Drive alone 73%78%77%69%
Carpool 7%9%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike 13%6%2%3%
Work from home 7%6%10%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

By size, households in Murray look like those in Calloway County: 2.25 people on average.

Many here get to work on foot or by bike: 13%, more than in Calloway County (6%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Murray?

A typical home costs more than the typical income allows

We start with a typical home in Murray, worth $195,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 43% of the typical household income in Murray, which is $44,091 a year. For that payment to be 28% of income, a household would need to earn about $68,269 a year.

The calculator's FHA and conventional loan limits are those of all of Calloway County.

Your numbers

Local data
$

Starts at the typical home value in Murray. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $6,825 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,593

at 7.18% · 30 years

Loan amount
$191,468
Total interest
$275,478
Paid off in
November 2056

Includes $3,293 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,029 a month

  • Tight

    $1,029 to $1,323 a month

  • Hard

    more than $1,323 a month

    Your payment · 43%

Compared with the typical household income in Murray ($44,091 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,593
Principal & interest$1,297
Property tax$128
Home insurance$81
FHA mortgage insurance (MIP)$86

You need at least $6,825 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Murray and Calloway County

Murray is in Calloway County, Kentucky. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Murray's own numbers

Typical home value
$195,000
Typical monthly rent
$870
Typical yearly household income
$44,091
Households that own their home
42%
Effective property tax rate
0.79%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Calloway County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,155
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Calloway County.

Everything about Calloway County

Buying

Buying a home in Murray

A typical home in Murray is worth $195,000: 6% above the county and 5% below Kentucky. With the typical household income in Murray ($44,091 a year), a typical home costs 4.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Murray 4.4 years
  • Calloway 3.5 years
  • Kentucky 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Calloway County

According to FHFA’s house price index, home prices in Calloway County rose 74% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Calloway County.

Period County Kentucky U.S.
Last year (2025) +4.6% +3.9% +2.9%
5 years (2020–2025) +53% +50% +47%
10 years (2015–2025) +74% +84% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Murray next to Calloway County, Kentucky and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Murray $195,000
  • Calloway $183,200
  • Kentucky $205,600
  • United States $332,700
Typical monthly rent
  • Murray $870
  • Calloway $870
  • Kentucky $967
  • United States $1,413
Typical yearly household income
  • Murray $44,091
  • Calloway $52,706
  • Kentucky $63,726
  • United States $80,734
See the full table
Murray next to Calloway County and Kentucky
Measure Murray Calloway County Kentucky U.S.
Typical home value $195,000 $183,200 $205,600 $332,700
Typical monthly rent $870 $870 $967 $1,413
Typical yearly household income $44,091 $52,706 $63,726 $80,734
Households that own their home 42% 64% 68% 65%
Typical yearly property tax $1,535 $1,195 $1,544 $3,119
Effective property tax rate 0.79% 0.65% 0.75% 0.94%
Renters with high rent for their income 45% 41% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Calloway County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Murray

For a typical $195,000 home in Murray, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Murray's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,593a month

    Least cash to close
    Down payment
    $6,825
    Cash to close
    $12,675
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $86

  • Conventional, 5% down $1,557a month

    Down payment
    $9,750
    Cash to close
    $15,600
    Rate
    7.18%
    Mortgage insurance
    PMI · $93

  • Conventional, 20% down, no PMI $1,266a month

    Down payment
    $39,000
    Cash to close
    $44,850
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,447a month

    Down payment
    $29,250
    Cash to close
    $35,100
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Murray and for Calloway County.

Property tax

Effective rate in Murray

0.79%of the home’s value each year

$1,535 a year for the typical owner in Murray.

  • Murray 0.79%
  • Calloway 0.65%
  • Kentucky 0.75%

What Kentucky publishes Homestead exemption for owners 65 or older or totally disabled (Kentucky Department of Revenue)

Exemptions and deadlines in Kentucky

Flood risk in Calloway County

FEMA does not publish these numbers by city: they are for all of Calloway County.

Homes in the high-risk zone
1%
133
Of those, with NFIP insurance
27%
County Kentucky U.S.
Homes in the high-risk zone 1% 3.5% 3.5%
Of those, with NFIP insurance 27% 19% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Murray

Typical rent in Murray is $870 a month: about the same as the county. In Murray, 45% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Calloway County, by unit size. To pay the 2-bedroom one ($1,155 a month) without spending more than 30% of your income, you would need to earn $22.21 an hour working full time.

HUD fair market rent for all of Calloway County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $848 $16.31 $33,920
1 bedroom $883 $16.98 $35,320
2 bedrooms $1,155 $22.21 $46,200
3 bedrooms $1,376 $26.46 $55,040
4 bedrooms $1,518 $29.19 $60,720

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Murray

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Murray is in ZIP code 42071.

For 2 bedrooms it is $1,170: $15 more than the fair market rent for Calloway County ($1,155).

  • 42071 $1,170$1,390

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Murray when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Murray

HUD lists 4 buildings with rents for lower incomes in Murray. These are the largest.

  • Hurt Drive 717 Riley Ct, Murray 42071 206 homes, 205 low-income · Run by Housing Authority of Murray · Average payment: $338 a month · Average wait: 9 months (270) 753-5000
  • Tanglewood Apartments Lowes Drive, Murray 42071 41 homes, 40 low-income · 1 bd: 8 · 2 bd: 24 · 3 bd: 8 · In service since 2005 · For families
  • Wesley at Murray 440 Utterback Rd, Murray 42071 27 homes, 26 low-income · For older adults (270) 753-7735
  • Wesley Murray Meadow 440 Utterback Rd Ofc 500, Murray 42071 20 low-income homes · For older adults (270) 753-7735

See all 4 buildings in Calloway County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Murray

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Calloway County. The nearest ones are below; many serve by phone or online.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Murray

No down payment, repair or rent-help program on our list is for Murray or Calloway County. The ones below are statewide in Kentucky: they work in Murray the same as in the rest of the state.

Which programs do I qualify for? All programs in Kentucky

  • KHC Down Payment Assistance (DPA)

    Statewide in Kentucky

    Kentucky state corporation loan of up to $12,500 for the down payment and closing costs, repaid over 15 years as a second loan, for buyers who take a KHC mortgage. Offered by Kentucky Housing Corporation (KHC).

    Repayable

    See the program Official page

Housing counselors near Murray

The HUD-approved agencies closest to the center of Murray, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Kentucky Legal Aid, Incorporated

    216 Berger Rd, Paducah · 35 miles away · Spanish

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (270) 782-5740

  • Kentucky Legal Aid, Incorporated

    401 W 9th St Ste D, Hopkinsville · 49 miles away · Spanish

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (270) 782-5740

  • Kentucky Legal Aid, Incorporated

    100 South Railroad Street, # 120, Madisonville · 67 miles away · Spanish

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (270) 782-5740

All counseling agencies in Kentucky

Help in Spanish near Murray

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Murray

HUD’s record names them for Murray or Calloway County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Kentucky Source: HUD

Cities

Nearby cities

The cities closest to Murray, with the typical home value.

Everything about Calloway County Housing in Kentucky

Neighboring counties

If Calloway County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Murray.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about Murray

Short answers with the numbers for Murray and all of Calloway County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Murray?

The typical home value in Murray is $195,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Calloway County it is $183,200.

How much does it cost to rent in Murray?

Typical rent in Murray is $870 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Calloway County is $1,155.

What is the FHA loan limit in Murray?

Murray uses the FHA limit for all of Calloway County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Murray?

The typical homeowner in Murray pays $1,535 a year, according to the U.S. Census Bureau. That is 0.79% of the home’s value; in Calloway County, the rate is 0.65%.

Where can I find free help to buy or rent in Murray?

We found no HUD-approved counseling agencies with an office in Calloway County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).