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Murray

Murray

Located in Calloway County

$142 Average Price per Sq Ft
51 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
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Francisco de la Vera

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

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Murray Housing Trends

Housing Trends

Median List Price
$275,000
Median Sale Price
$245,000
Median Single Family Sale Price
$260,000
Median Townhouse Sale Price
$230,000
Median 2 Bedroom Sale Price
$217,000
Median Change From 1st List Price
4%
Last 12 months Home Sales
295
Median Home Sale Price YoY Change
-$2
Average Price Per Sq Ft
$142

Neighborhood Facts

Number of Homes for Sale
51
Months of Supply
2.10

Open Houses

  • Saturday, Jun 28
    10am - 12pm

    2246 Hal Dr, Murray, KY 42071

    $425,000

    • 3 Beds
    • 2 Baths
    • 2,254 Sq Ft
    • 2246 Hal Dr

    Immaculate 3 bedroom, 2 bathroom home located in Murray's Briarcrest Subdivision. You'll immediately fall in love with the quality and craftsmanship of this home including the large living room with vaulted ceilings and a gas log fireplace, beautiful cabinetry and quartz countertops in the kitchen, and inviting formal dining room. The large primary suite features tray ceilings, a walk-in closet,

    Agent Photo
    John Kopperud
    Kopperud Realty
    (270) 372-2341
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  • Saturday, Jun 28
    10am - 12pm

    95 Applewood Rd, Murray, KY 42071

    $325,000

    • 3 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • 95 Applewood Rd
    • New 2 days ago

    OPEN HOUSE THIS SATURDAY, JUNE 28TH, 10AM-12PM! Welcome to this stunning new construction home offering a thoughtfully designed split-bedroom floor plan with 3 bedrooms, 2 bathrooms, and a versatile office/flex space. Located in the county (no city taxes) yet just 5 minutes from all the conveniences of town, you’ll enjoy the perfect blend of peaceful living and accessibility. Inside you'll find

    Ashton Downey Keller Williams Experience Realty

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  • Saturday, Jun 28
    1 - 3pm

    106 Legacy Ln, Murray, KY 42071

    $599,000

    • 5 Beds
    • 3 Baths
    • 3,441 Sq Ft
    • 106 Legacy Ln
    • New 3 days ago

    OPEN HOUSE SAT. JUNE 28th - 1PM-3PM | Welcome to 106 Legacy Lane in the sought-after Saratoga subdivision! Built in 2014, this beautifully maintained home offers 3,441 square feet of comfortable living space with 5 bedrooms and 3 full baths. The large covered front porch invites you in, while inside you'll find engineered hardwood floors that add warmth and style throughout the main living

    Kimberly Myers Keller Williams Experience Realty

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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%
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