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Murray

Murray

Located in Calloway County

$171 Average Price per Sq Ft
7 Homes For Sale

A small college town

Murray is a small rural city built around Murray State University, a public institution with about 9,500 students. Whether it’s a tour of the Clara Eagle Art Gallery or an afternoon rooting for the football team at Roy Stewart Stadium, the college offers plenty of activities for locals. A highly rated public school district complements the city’s strong educational core. Beyond the university and the school district, top employers include a dairy company, a window manufacturer and a food manufacturer.

When it’s time to unwind after work, the 18,000 residents rely on Kentucky Lake, one of the nation’s largest manmade lakes. “The lake is one of the biggest draws, and a lot of residents own second houses alongside it,” says Realtor Tammy Cothran, who has lived in the city for 21 years and sells homes with Keller Williams Experience Realty. “It’s even used for professional bass fishing tournaments.”

Kentucky Lake is a beautiful place to spend time near Murray, Kentucky.
Kentucky Lake is a beautiful place to spend time near Murray, Kentucky.
Murray State University was founded started in 1922.
Murray State University was founded started in 1922.
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A highly rated school district

The Murray Independent School District has an A Niche rating and is ranked by the website as the #2 school district in Kentucky. The district’s reading and math proficiencies are well above state and national averages.

Murray Middle School offers education to students in grades 4 - 8.
Murray Middle School offers education to students in grades 4 - 8.
Murray Elementary School offers education to students in grades K - 3.
Murray Elementary School offers education to students in grades K - 3.
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Mid-20th century homes and newer builds

The city’s median single-family home price is $270,000, which is below the national median of around $400,000 but slightly above the state median. North of Glendale Road, most homes are mid-century ranch styles and bungalows priced from $125,000 to $330,000. On the city’s south end, New Traditionals, Colonial Revivals and Contemporaries are priced from $250,000 to $560,000. “The real estate market here is pretty stable, but we’ve seen a lot of people relocating to our area,” Cothran says. “I think a lot of people have come here to avoid the catastrophic events that have happened all over the country, like the floods, hurricanes and fires.”

Colorful two story Bungalow homes can be found in the city of Murray.
Colorful two story Bungalow homes can be found in the city of Murray.
A variety of house styles can be found in Murray including Ranch style homes.
A variety of house styles can be found in Murray including Ranch style homes.
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Fishing and boating at Kentucky Lake

The biggest outdoor draw is Kentucky Lake, a 160,300-acre artificial lake created in 1944 by the Tennessee Valley Authority. The lake is popular among boaters and has several beaches, hiking trails and campgrounds.

The city does not have neighborhood greenspaces, but it makes up for it with Central Park, which has a dog park, an outdoor amphitheater, a public pool, a soccer complex and a performing arts building. The area has two membership-only country clubs and one public golf course.

The shores of Kentucky Lake are a short drive away from the city of Murray.
The shores of Kentucky Lake are a short drive away from the city of Murray.
Skateboard is fun and exciting at Central Park in Murray.
Skateboard is fun and exciting at Central Park in Murray.
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Several options for franchise and local dining

Twelfth Street passes through the center of town and is lined with a mix of fast-food joints, sit-down chains, local Mexican spots and diners. Big-box grocery stores are on the north and south ends of town. A few blocks off Twelfth Street, Main Street is a charming downtown area with several local dining options, shops and a few empty storefronts. “We’re a small town, so some shopping and restaurant experiences are limited,” Cothran says. “I’m a transplant, so that was an adjustment.”

Grocery options in Murray include Kroger.
Grocery options in Murray include Kroger.
Los Portales is one of the most popular Mexican restaurants in Murray.
Los Portales is one of the most popular Mexican restaurants in Murray.
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Sporting events and theater at the college

Entertainment options are also limited. Just off North 12th Street, Cheri Theatres is a local movie house that shows first-run films. Most of the remaining entertainment options are located on Murray State’s campus. The Murray State Racers’ football and basketball teams compete in the NCAA Division I. Also on campus, Lovett Auditorium puts on university plays and concerts and occasionally hosts visiting musicians.

Roy Stewart Stadium was opened in 1973.
Roy Stewart Stadium was opened in 1973.
The Cheri Theater makes for a great place to enjoy a new movie.
The Cheri Theater makes for a great place to enjoy a new movie.
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Traveling to Nashville

Nashville is 120 miles southeast of Murray via Kentucky Route 80 and Interstate 24. Residents take flights out of Nashville International Airport, and Murray-Calloway County Hospital is in town.

Lower crime rates in Murray

According to FBI data, the city’s violent and property crime rates have fallen over the past decade. The violent crime rate is well below the state and national rates, and the property crime rate is also below.

William Palicia
Written By
William Palicia
Andrew Nelson
Photography Contributed By
Andrew Nelson
Francisco de la Vera
Video By
Francisco de la Vera

Interested in learning more about homes in this area? Reach out to George Green, an experienced agent in this area.

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Murray Housing Trends

Housing Trends

Median List Price
$480,000
Median Sale Price
$387,500
Median Single Family Sale Price
$387,500
Median Change From 1st List Price
7%
Last 12 months Home Sales
141
Median Home Sale Price YoY Change
29%
Average Price Per Sq Ft
$171

Area Facts

Number of Homes for Sale
7
Months of Supply
0.60

Open Houses

  • Saturday, Oct 4
    Open Sat 10AM - 12PM

    30 Panorama Dr, Murray, KY 42071

    $259,000

    • 3 Beds
    • 2 Baths
    • 1,539 Sq Ft
    • 30 Panorama Dr
    • New 5 days ago

    Discover lakeside living in this charming 3 bedroom, 2 bathroom home located in the Panorama Shores subdivision on beautiful Kentucky Lake! This property adjoins TVA waterfront and offers direct lake access for kayaking, fishing, or swimming on Kentucky Lake. Inside you'll find a bright and welcoming interior that was recently repainted, a nice open living space with a gas logs in the living

    Agent Photo
    John Kopperud
    Kopperud Realty
    (270) 812-2570
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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Murray Has More Renters

Demographics

Total Population
18,421
Median Age
31
Population under 18
24.7%
On par with the national average
23.8%
Population over 65
15.3%
On par with the national average
19.1%

Finances

Median Household Income
$41,151
Significantly below the national average
$71,702
Average Household Income
$59,309

Education and Workforce

High School Graduates
92.4%
On par with the national average
89.1%
College Graduates
34.5%
Advanced Degrees
16.2%
On par with the national average
13.3%
% Population in Labor Force
63.7%

Area Factors

Somewhat Bikeable

Bike Score®®

47 / 100

Somewhat Walkable

Walk Score®®

64 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Murray