There are currently 7,228 real estate properties in Murray, KY, with a median automated valuation model (AVM) price of $166,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Murray, KY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Murray, KY, is $187,536.00, with the most expensive house in Murray, KY, topping out at $5,272,000.00 and the cheapest home in Murray, KY, clocking in at $35,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Murray, KY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Murray, KY, is on a rollercoaster ride. The average rent price in Murray, KY, is $1,088.00. Indeed, when looking to rent in Murray, KY, you can expect to pay as little as $450.00 or as much as $2,000.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Murray, KY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Murray, KY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Murray, KY and much more. Save thousands at closing with home foreclosure listings in Murray, KY — up to 75% off market value!
Murray is located in Calloway, Kentucky, with an estimated municipal population of 19,327 residents. All of the best foreclosed homes for sale in Murray are located in the following zip code areas on Foreclosure.com: 42071. The estimated population per square kilometer (.62 miles) in Murray is 642.
So, about how much do homes cost in Murray? The most recent median value of resident-owned homes in Murray is 159,153. An estimated 38.5 percent of households in Murray own their homes, with an average family size of 2.9. The median household income in Murray is 30,576, with11.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Murray, the median commute time of resident workers (in minutes) is 12.5. And last, but certainly not least, are you looking for homes to rent in Murray? If so, the average rent price paid by renters in Murray is 704, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Murray, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Murray is 26.5, split between 48.5 percent male versus 51.5 female. The percentage of residents who report being married in Murray is 32.9, with an average family size of 2.9.
The percentage of residents who report their race in Murray is as follows:
|Black / African American||6.1%|
|American Indian / Alaskan Native||0.1%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Murray? Or maybe you are searching for 55+ active adult communities in and/or near Murray?
The percentage of residents who report their age in Murray is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Murray with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Murray.
How do you know that living in -- or moving to -- Murray is right where you need to be? Perhaps you grew up in Murray or already live nearby; therefore, the decision to buy a home in Murray is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Murray for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Murray:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Murray.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Murray can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Murray, meanwhile, can field multiple offers from more qualified buyers.
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