Murray, UT 84107 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Murray, UT—84107

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$490,000

1.7% YoY Growth

Household Income

$73,500

36.1% YoY Growth

Days on Market

3.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

$1,400

10.5% YoY Growth

1-Bed Rent

$1,170

7.4% YoY Growth

2-Bed Rent

$1,400

3.8% YoY Growth

3-Bed Rent

$2,150

11.4% YoY Growth

Home Price Trends — Murray, UT

As of Dec '25, the median home price in Murray, UT is $490,000, with a year-over-year change of 1.7%. This indicates that home prices in Murray, UT are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$490,000	1.7%
Single Family	$529,000	1.5%
Condos	$334,000	0.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Murray, UT

As of July '25, Rentcast reports the average rent in Murray, UT is $1,620, with a year-over-year rent change of -10.5%. Per bedroom, the median rent as of July '25 in Murray, UT is studios: $1,030, 1-bedrooms: $1,130, 2-bedrooms: $1,520, 3-bedrooms: $2,240, 4-bedrooms: $2,400. The most common rental property sizes in Murray, UT are 2-bedroom and 1-bedroom, accounting for 54.5% and 19.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,620
Studio Rent	$1,020	$1,030
1 Bed Rent	$1,170	$1,130
2 Bed Rent	$1,400	$1,520
3 Bed Rent	$2,150	$2,240
4 Bed Rent	$2,300	$2,400

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% of Rental Stock

Studio

7.7%

1 Bedroom

19.6%

2 Bedrooms

54.5%

3 Bedrooms

14.2%

4 Bedrooms

1.8%

5+ Bedrooms

2.3%

Property Listings — Murray, UT

As of Dec '25, Realtor.com reports that the median days on market for a home in Murray, UT is 61. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$503,000	5.0%
Listing Count	127	9.0%
Listings as % of Homes	0.4%	9.0%
Days on Market	80	3.0%

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Demographics — Murray, UT

As of the latest ACS Survey released in 2023, Murray, UT has a population of 37,500, which has increased by 10.5% over the past 5 years. Murray, UT is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 38.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	37,500	10.5%
% Under 18	18.8%	-9.6%
% Seniors	14.1%	6.8%
% WFH	18.3%	181.5%
% w/ College Degree	38.0%	21.8%

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As of the latest ACS Survey released in 2023, Murray, UT is a predominantly white area, with 65.4% of the population identifying as white. The white population has shrunk by 14.1% in the last 5 years. The second most common race or ethnicity in Murray, UT is hispanic, making up 17.7% of the population. Foreign-born residents account for 16.2% of the population in Murray, UT, and this percentage has increased by 30.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	65.4%	-14.1%
% Black	4.2%	68.0%
% Hispanic	17.7%	22.1%
% Asian	5.7%	111.1%
% Foreign Born	16.2%	30.6%

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Mortgage and Risk — Murray, UT

According to HUD data as of 2023, there were 537 mortgage originations in Murray, UT, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Murray, UT. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	537
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Murray, UT

As of 2024, the percent of homes in Murray, UT under the Section 8 program is 7.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Murray, UT, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	663
Total Units Section 8	663
% Rentals under Section 8	7.6%
% Occupied Section 8	92.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$200	$1,170	$1,370
2 Bedroom	$250	$1,400	$1,650
3 Bedroom	$70	$2,150	$2,220
4 Bedroom	$220	$2,300	$2,520

Murray, UT—84107

Key Metrics at a Glance

Home Price Trends — Murray, UT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Murray, UT

% of Rental Stock

Property Listings — Murray, UT

Demographics — Murray, UT

Race and Ethnicity

Mortgage and Risk — Murray, UT

Mortgages

Rentals and Section 8 — Murray, UT

Section 8 Market Size

Section 8 Opportunity

Affordability — Murray, UT

Home Price to Income Ratio

Murray, UT — ZIP Code Boundary Map

Nearby ZIP Codes

Taylorsville, UT

Midvale, UT

Holladay, UT

Zions Park, UT

South Salt Lake, UT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.4
Median Home Price	$490,000
Median Household Income	$73,500

Murray, UT—84107

Key Metrics at a Glance

Home Price Trends — Murray, UT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Murray, UT

% of Rental Stock

Property Listings — Murray, UT

Demographics — Murray, UT

Race and Ethnicity

Mortgage and Risk — Murray, UT

Mortgages

Rentals and Section 8 — Murray, UT

Section 8 Market Size

Section 8 Opportunity

Affordability — Murray, UT

Home Price to Income Ratio

Murray, UT — ZIP Code Boundary Map

Nearby ZIP Codes

Taylorsville, UT

Midvale, UT

Holladay, UT

Zions Park, UT

South Salt Lake, UT

Frequently Asked Questions

What is the average home price in Murray, UT 84107?

How have home prices in Murray, UT 84107 changed over the past year?

What is the home price projection for Murray, UT 84107?

What are the demographics of Murray, UT 84107?

How long does it take homes to sell in Murray, UT 84107?

What is the average rent price in Murray, UT 84107?