Murray, KY home prices
Typical home $175,374 · -13.3% in a year · income needed $48,300
The Murray, KY metro area ranks 737 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -13.3% in a year and -13.0% over five years. With 20% down at 7.11%, the typical home costs about $1,127 a month including 0.65% property tax (Calloway County rate).
Mortgage on the typical Murray home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $35,075 | $140,299 | $944 | $0 | $183 | $1,127 | $48,300 |
| 10% down | $17,537 | $157,837 | $1,062 | $66 | $183 | $1,311 | $56,200 |
| 5% down | $8,769 | $166,605 | $1,121 | $69 | $183 | $1,373 | $58,900 |
| 3.5% down (FHA) | $6,138 | $172,198 | $1,158 | $78 | $183 | $1,419 | $60,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.65% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Murray area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Calloway County, KY | $175,394 | -13.3% | 0.65% |
What can you afford in Kentucky on your salary? · Kentucky home prices · Salaries in Kentucky
Frequently asked questions
How much is a house in Murray?
The typical home in the Murray, KY metro area is worth $175,374 (Zillow, September 2026).
What salary do you need to buy a house in Murray?
About $48,300 a year for the typical home with 20% down at 7.11%.