Murray County, Georgia Housing Market Prices
Murray County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 15% below the Georgia median$219,722
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Median rent 38% below the Georgia median$857
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Murray County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $219,722 | $256,986 | $248,835 |
| Price Trend (Annual %) | 7.6% | 8.9% | 7.5% |
| Median Gross Rent | $857 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Murray County is about 15% lower than in Georgia. Rent is about 38% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Murray County, up about 7.6% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Murray County rose about 34.9% between 2015 and 2024, from $635 to $857. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Murray County.
Buying the median-priced home in Murray County costs roughly 21.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Murray County. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Murray County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $219,722 | $256,986 | $248,835 |
| Median Household Income | $68,048 | $77,523 | $80,455 |
| Price-to-Income Ratio | 3.2 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Murray County rose about 131.0%, while median household income rose about 62.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Murray County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.3% | 58.9% | 58.5% |
| Rental Rate | 24.6% | 30.8% | 31.2% |
| Vacancy Rate | 6.1% | 10.3% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Murray County has a homeownership rate of 69.3%, higher than the Georgia average of 58.9%. Its housing vacancy rate is 6.1%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Murray County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1989 | 1990 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Murray County was built around 1989. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Murray County, GA Housing Compared With Nearby Counties
Murray County, GA is the 4th largest of the 5 counties compared here, 40,562 residents against a local median of 81,349. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Murray County, GA an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median rent, 13% below the local median at $857 against $984. Murray County, GA has the 5th highest median rent of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Murray County, GA | 40,562 | $219,722 #3/5 | $857 #5/5 | 73.8% #3/5 |
| Whitfield County, GA | 103,598 | $217,500 | $970 | 67.0% |
| Gilmer County, GA | 32,422 | $9,882 | $997 | 80.7% |
| Gordon County, GA | 59,100 | $301,316 | $937 | 73.9% |
| Bradley County, TN | 110,691 | $223,495 | $1,029 | 67.3% |
Frequently Asked Questions
Common questions about the housing market in Murray County, Georgia.
What is the median home price in Murray County, Georgia?
The median home price in Murray County, Georgia is $219,722, lower than the Georgia average of $256,986.
What is the average home price in Murray County, Georgia?
The typical home price in Murray County, Georgia, reported as the median sale price, is $219,722. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Murray County, Georgia?
The median gross rent in Murray County, Georgia is $857 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Murray County in 2020?
In 2020, the median gross rent in Murray County, Georgia was $689 per month.
What is the price-to-rent ratio in Murray County, Georgia?
The price-to-rent ratio in Murray County, Georgia is about 21.4, meaning it would take roughly 21.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Murray County.
Are home prices or rent rising faster in Murray County, Georgia?
Both home prices and rent are rising in Murray County, up about 7.6% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Murray County, Georgia?
69.3% of households in Murray County, Georgia own their home, higher than the Georgia average of 58.9%.
What is the vacancy rate in Murray County, Georgia?
The housing vacancy rate in Murray County, Georgia is 6.1%, lower than the Georgia average of 10.3%.
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