Real Estate Investing in Murray, Utah
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in Murray, UT? Our answer, based on the numbers below.
For Homebuyers
CAUTION
Grade D (45/100)
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
For Investors
MIXED
3.0 / 5
(47/100)
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
Risks to Know
CLEAN
No major risk flags on the data we track.
What’s happening in Murray, UT?
Click any question — our AI will research it live from the web and show you sources.
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
Avg Investability
★★★★★
Avg Home Value
$505,217
Avg Monthly Rent
$1,405
ZIP Codes
1
Market Trends — Murray, UT
Home Value History
Rent History
Local Pulse Report
AI-researched developments and news for Murray, UT. Updated on demand as visitors ask.
Growth & development in Murray, UT Updated 134 days ago
Murray, UT is experiencing significant development in its city center, with new mixed-use projects, infrastructure upgrades, and new businesses opening.
Opportunities
- The Murray City Redevelopment Agency approved the Block One mixed-use development, bringing 150 residential units and 50,000 sq ft of commercial space. — This expands housing options and provides new retail and restaurant choices for residents. Building Salt Lake
- Murray City is expanding its Public Works facility to meet the demands of population growth and aging infrastructure, with completion expected by December 2026. — This improves essential city services and prepares for future community needs. Galloway
- Lumen is expanding its Quantum Fiber internet service in Murray City, with work recently completed in Walden Glen and planned for other neighborhoods. — This enhances internet access and choice for residents and businesses. Murray City, UT
- New businesses like Frankie's Pizza and Pasta and Avallon Music have recently opened in Murray. — These additions expand local dining and cultural entertainment options. Murray Area Chamber of Commerce
- The Murray Mansion Museum, Armory facility, and Murray Theater are nearing completion and are expected to open in early 2025. — These projects offer new cultural and event venues for the community. Murray Journal
Concerns
- Some residents expressed concerns over transparency and the scale of residential components in the Block One development. — This indicates potential community dissatisfaction with aspects of the development process. Building Salt Lake
- Murray Power is transitioning from coal to natural gas, a proactive move to lessen dependence on coal. — While a positive environmental step, energy transitions can sometimes lead to unforeseen costs or changes. Murray Journal
Bottom line: Murray is actively pursuing significant urban redevelopment and infrastructure improvements, alongside new business growth, despite some community concerns about specific projects.
Local news & events in Murray, UT Updated 134 days ago
Murray, UT has seen significant developments in renewable energy, community infrastructure, and ongoing efforts to address public health and environmental concerns.
Opportunities
- Murray City is set to receive renewable energy from the Red Mesa Tapaha Solar Project starting in June 2023, with a 5,000 kW interest in the 66 mW project. — This expands access to sustainable energy options for residents and businesses. My City Journals
- Murray City Power offers a net metering pilot program for customers generating electricity from solar, wind, or hydroelectric systems up to 500 kW, providing full retail-rate credit for excess energy. — This incentivizes residents to adopt renewable energy, potentially lowering utility costs. DSIRE, Elite Electric
- An $11 million restoration of the Murray Theater is underway, expected to reopen for movies, plays, and concerts during the city's Fourth of July celebration. — This revitalizes a historic cultural venue, offering more entertainment and artistic opportunities. KUTV
- A new $6 million indoor-outdoor event center, converted from the old Murray Armory, opened in May, capable of holding over 300 people. — This provides a new versatile space for community gatherings and events, enhancing recreational options. KUTV
- The old Murray Mansion has been restored and opened as the new city museum in May, offering a place for residents to explore local history. — This preserves local heritage and offers educational and cultural enrichment for residents. KUTV
Concerns
- The Red Mesa Tapaha Solar Project, while providing renewable energy, will cost Murray City $37 per megawatt-hour (MWh) instead of the originally agreed $23.15/MWh due to supply-chain issues and COVID-19 impacts. — This imposes higher energy costs on the city, potentially affecting utility rates for residents. My City Journals
- New requirements for solar installations in Murray City, effective April 2025, mandate specific electrical and NABCEP certifications for all solar professionals, including sales teams, engineers, and installers. — These new regulations could increase the cost and complexity of solar installations for residents. Murray City, UT Official Website
- A violent altercation at a Murray apartment complex in January 2026 led to a stabbing and an arrest, with the suspect also lunging for an officer's gun. — This incident raises concerns about public safety and potential threats within residential areas. ABC4
- A shooting near Wheeler Historic Farm in December 2025 resulted in one injury, with suspects fleeing the scene. — This event highlights ongoing concerns about violent crime and safety in public spaces. ABC4
- A 2023 survey of Utah adults, including those in Salt Lake County, found that nearly seven out of ten experienced one or more healthcare affordability burdens in the past 12 months. — High healthcare costs restrict access to necessary medical care for a significant portion of the population. University of Utah Health
Bottom line: Murray is investing in renewable energy and community facilities, but residents face rising energy costs, new solar regulations, and persistent concerns about crime and healthcare affordability.
Schools in Murray, UT Updated 134 days ago
Murray City School District is undergoing significant facility upgrades and program reconfigurations while addressing declining enrollment and adapting to new educational technologies.
Opportunities
- Murray residents approved a $125 million bond in November 2024 for school overhauls. — This funds major facility improvements and modern learning environments. Murray Journal
- Construction is underway on a new Riverview Middle School and an expansion at Murray High School, projected for completion by Fall 2027. — These projects will provide updated facilities, improved safety, and expanded program access. Murray Journal
- The district is transitioning to a middle school model (grades 6-8) and moving ninth graders to the high school, aligning with many other districts. — This reconfiguration aims to optimize learning conditions and provide age-appropriate environments. KSL News
- New academic programs include a proposed Healthcare Careers Academy and continued social-emotional learning initiatives. — These expand career pathways and support student well-being. MCSD Board Meeting
- The district is hosting a "Family AI Adventure" in April 2026 to help parents understand AI in education. — This provides resources for families to navigate new educational technologies and support student learning. MCSD District News
Concerns
- The district has experienced an 11.4% decline in student enrollment over the last five years. — Declining enrollment can lead to boundary changes and potential school consolidations. KSL News
- A boundary change for the 2024-25 school year will move approximately 68 students from Parkside Elementary to Liberty Elementary. — This disrupts established school communities for affected students. KSL News
- New guidelines for the State Online Education Program limit high school students to 8 total credits per year and require enrollment in at least two physical school courses. — These restrictions may limit student flexibility in pursuing online learning options. MCSD Board Meeting
- Property tax growth in Murray is increasing 16.5% faster than the combined growth of enrollment and inflation. — This indicates an unreasonable increase in property taxes relative to district growth. ITR Report Card
Bottom line: Murray City School District is proactively addressing facility needs and educational models amidst declining enrollment and rising property tax concerns.
Civic & policy in Murray, UT Updated 134 days ago
Murray City is actively pursuing significant zoning overhauls and development projects, alongside navigating a proposed property tax increase and new regulations for short-term rentals.
Opportunities
- Murray City Council approved a new form-based code for 86 acres of its city center on June 17, 2025, to create a mixed-use downtown core. — This encourages diverse development, potentially increasing housing and commercial opportunities and fostering a more walkable city center. Building Salt Lake
- Plans for "Block One" near State Street and 4800 South, reviewed in late July 2025, include 140 new housing units and over 45,000 square feet of commercial space. — This development will increase housing availability and commercial options for residents. Building Salt Lake
- Murray City Council voted on January 3, 2025, to allow and regulate 'hosted sharing' short-term rentals, where owners are present during guest stays. — This provides residents with new opportunities to generate income from their properties. KSLTV.com
- Residences at Fireclay II, an $11 million affordable multifamily community for seniors, began construction in February 2024, adding 30 units. — This directly addresses the need for more affordable housing options for senior residents. TWG Development
- Murray City has partnered with NeighborWorks Salt Lake to provide affordable home improvement loans and down payment assistance programs for residents. — These programs expand access to homeownership and help residents maintain their homes. Murray City, UT Official Website
Concerns
- Murray Mayor Brett Hales proposed a 9.8% property tax increase in April 2026 to cover rising operational costs and state-mandated requirements. — This imposes additional financial burden on homeowners through increased property taxes. KUTV
- The proposed property tax increase would amount to approximately $45.80 per year for the average Murray homeowner. — This represents an unconsented increase in living costs for residents. KSL.com
- The city council opted to withdraw a previously proposed property tax increase in July 2025, instead drawing modestly on reserves. — While temporarily avoiding a tax hike, this decision may defer necessary funding for city services or lead to future financial strain. City Journals
- Traditional short-term rentals (renting an entire home while the owner is absent) are still not permitted under the new ordinance passed in January 2025. — This restricts property owners' ability to utilize their entire homes for short-term rental income. KSLTV.com
Bottom line: Murray is undergoing significant development and zoning changes to foster growth, but residents face potential property tax increases to fund city services.
AI-generated from public web sources. Always verify with official records. Not financial, legal, or investment advice.
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Property managers serving Salt Lake County
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Salt Lake City, UT
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Salt Lake City, UT
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Avg Home Value
$505,217
Avg Monthly Rent
$1,405
1% Rule
✗ Below
Landlord Friendly (UT)
★★★★★
❄️
Cool Market
— Salt Lake City, UT metro
48
Days to pending
14.1%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly
🎓 Colleges & Universities in Murray
3 Colleges
913 Students
ZIP Codes in Murray, UT
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View PlansFrequently Asked Questions About Murray, UT
Is real estate in Murray, UT a good investment right now?
Investors tracking Murray, UT will find a 3.0/5 rating supported by $505K median home values and $1,405/mo rents. That profile suits long-term holders targeting stable returns.
What are rental rates like in Murray, UT?
Murray, UT rentals go for roughly $1,405/mo a month. That puts gross yield in solid territory relative to $505K acquisition costs.
Which real estate strategy fits Murray, UT?
For Murray, UT, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the typical home price in Murray, UT?
The median home value in Murray, UT is roughly $505K. That puts it reasonable relative to the UT statewide average.
Is Murray, UT good for house hacking?
Murray, UT offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,405/mo rent level.
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