The typical owner-occupied home in Murray City is worth about $81,700, 62% below the Ohio median of $214,800 and 75% below the national median of $332,700. Owners pay a median $838 a year in property taxes, about 1.03% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $34,732 a year, so the median home costs 2.4 times the median income (3.0 times for Ohio). 90% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Murray City at a glance
| Murray City | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $81,700 | $214,800 | $332,700 |
| Median property tax paid per year | $838 | $2,822 | $3,119 |
| Property tax as a share of value | 1.03% | 1.31% | 0.94% |
| Median household income | $34,732 | $71,389 | $80,734 |
| Homes lived in by their owners | 90% | 67% | 65% |
| Owner homes with a mortgage | 41% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $933 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 27.5% | 18.6% | 21.0% |
| Median rent | $765 | $1,034 | $1,413 |
| Rent as a share of renters' income | 11.3% | 28.3% | 30.6% |
| Median year homes were built | 1946 | 1970 | 1980 |
| Vacant homes | 17.4% | 8.1% | 10.1% |
| Population | 295 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Murray City
At this week's average 30-year rate of 7.11%, buying the median Murray City home of $81,700 with 20% down costs about $544 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $680, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $23,308 for the 20%-down payment. That payment is 19% of the median Murray City household income of $34,732; at that income and 20% down, the 28% guideline points to a home of about $122,000.
The median rent here is $765 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,340 |
|---|---|
| Loan amount | $65,360 |
| Principal and interest | $440 |
| Property taxes (1.03% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $544 |
Change the numbers in the calculator
| Down payment | $2,860 |
|---|---|
| Loan amount | $80,220 |
| Principal and interest | $540 |
| Property taxes (1.03% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $36 |
| Total per month | $680 |
Change the numbers in the calculator
Questions about home buying in Murray City
What is the median home value in Murray City?
About $81,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Murray City?
Homeowners pay a median $838 a year, which is about 1.03% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Murray City?
For the median home with 20% down at 7.11%, the payment is about $544 a month. Keeping that under 28% of gross income takes about $23,308 a year.
More about Murray City
- Mortgage Refinance in Murray City
- Debt Relief in Murray City
- Home Equity Loans in Murray City
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data