Market Overview
Home Prices in Murray, NE
The median home value in Murray, NE is $280,667 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Murray are priced32% below average. Murray is part of the Omaha-Council Bluffs, NE-IA metro area.
Over the past five years, Murray home values have risen by approximately35.1%, reflecting strong long-term appreciation in this market.
Price History
Murray Home Price Trend
City Comparison
Murray vs. National Median
At $280,667, homes in Murray cost 32% below the national median of $410,000. This makes Murray a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Murray?
20% Down Payment
$56,133
on $280,667
Monthly P&I
$1,464/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,859/mo
incl. taxes & insurance
Income Needed
$74,360
gross annual (30% rule)
10% Down Option
$28,067
+ PMI applies
Loan Amount (20% dn)
$224,534
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Murray, NE?
The median home value in Murray is $280,667 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Murray?
Over the past year, home values in Murray have increased by 4.6%. Over five years, prices have risen approximately 35.1%.
How much do I need to earn to buy a home in Murray?
To comfortably afford the median home price of $280,667 with a 20% down payment ($56,133) at today's rates (6.8%), you'd need a gross annual income of approximately $74,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Murray compare to the national average home price?
The national median home value is approximately $410,000. At $280,667, homes in Murray are 32% below the national average.
What metro area is Murray part of?
Murray is part of the Omaha-Council Bluffs, NE-IA metropolitan area. Home prices and market conditions can vary across the broader metro region.