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Foreclosure Homes in Murray, KY

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Murray, KY Foreclosures

How much do homes sell for in Murray, KY?
The average home price is currently $244,763.
In Murray, KY, how many homes are available?
There are currently 20 active home listings available in Murray.
What’s the average rental cost in Murray, KY?
The average rental price in Murray is $1,047.
What is the most expensive home in Murray?
The most expensive home sold in Murray had a price of $25,763,168.
What is currently the cheapest priced home in Murray, KY?
The cheapest home for sale in Murray is priced at $3,506.

Living in Murray, KY

Murray, KY, is a welcoming town known for its friendly community, beautiful parks, and a strong educational framework, thanks to its proximity to Murray State University. The area offers a peaceful lifestyle with ample activities and amenities, making it ideal for families and retirees. Additionally, the city's affordable real estate market presents promising opportunities for investors seeking long-term growth.

Current Market Conditions in Murray, KY

The real estate market in Murray is currently favorable for investors, characterized by stable property values and a healthy demand for housing. With ongoing developments in local infrastructure and community projects, the area is poised for growth, attracting new residents and potential buyers.

As a result of these positive trends, older homes and newer constructions are seeing increased interest, fueling a competitive market where properties maintain their value, making it a wise choice for real estate investment.

Home Value Estimator For Murray, KY

There are currently 9,871 real estate properties in Murray, KY, with a median automated valuation model (AVM) price of $202,190.00. 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 $244,763.00, with the most expensive house in Murray, KY, topping out at $25,763,168.00 and the cheapest home in Murray, KY, clocking in at $3,506.00. In other words, there’s something for every potential homebuyer or savvy investor in Murray, KY!

Rent Prices 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 $1,047.00. 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 $1,020.00. 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.

Murray, KY Foreclosures

Market Trend for Murray, KY

Total Listings Available: 20

Market Values:

Home Prices from $3,506 to $25,763,168

Average Sales Price: $244,763

Rental Values:

Rental from $450 to $2,000

Average Rent Value: $1,047 / month

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