Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$254,869+8.2% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$55,250About 0.8× the local median income ($73,306): affordable for a typical household
Days on market96 daysSlower than a year ago: buyers have time to negotiate
The typical home in Murray County, MN is worth $254,869, up 8.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $197,878, so the area is 28.8% overvalued. It is a balanced market, leaning toward buyers: homes take about 96 days to sell, listings are up 13% from a year ago, 19% of listings have had a price cut. A household needs about $55,250 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $73,306. In the latest IRS figures, 33 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$254,869
Change in 1 year
+8.2%
Overvalued %
+28.8%
Show 6 more
Fair home value
$197,878
Change in 5 years
+38.0%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$1,381
Income needed to afford it
$55,250
Property tax rate
0.79%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+13.3%
Days on market
96
Listings with a price cut
18.6%
Show 3 more
Homes for sale
34
Pending sales per 100 listings
15
Asking price per sq ft
$121
People and jobs
Median household income
$73,306
Population change (1 year)
−1.1%
Unemployment rate
2.7%
Show 4 more
Population
7,942
Income adjusted for cost of living
$85,339
Net moves in (IRS)
+33
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
7.0
FEMA hazard risk score (0 to 100)
19.8
Flood risk score
25.8
Show 3 more
Wildfire risk score
20.6
Walkability (1 to 20)
5.7
Road, rail and air noise
52 dB
Questions people ask
Is Murray County, MN overvalued?
Home prices in Murray County, MN are well above what local incomes have historically supported: fair value is about $197,878, so the area is 28.8% overvalued.
Is Murray County, MN a buyer's or seller's market?
Murray County, MN is a balanced market, leaning toward buyers: homes take about 96 days to sell, listings are up 13% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Murray County, MN?
Home values in Murray County, MN are up 8.2% over the last year.
How much do you need to earn to buy a home in Murray County, MN?
A household needs about $55,250 a year to afford the typical home in Murray County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $73,306.